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$1,595,000

Beds
4
Baths
4.0
sq ft
4,070

5028 Oakwood Ct, Commerce Township, MI 48382

5028 Oakwood Ct

Commerce Twp, MI 48382

  • 18 days on market
Phenomenal - One of a Kind - Custom Built Waterfront Home located in highly sought after Lake Sherwood Sub! Set way back from the road and surrounded by trees, this large (.92 acre) lot includes a charming paver stone driveway and ample parking. The private estate includes a striking raised porch and entry, multiple covered patios, outdoor kitchen and 368 feet of shoreline on Lake Sherwood. This stunning contemporary offers 5,785 SF of luxurious living space featuring elegant marble flooring, pillars, and unique ceiling details with back lit etched glass. An extensive use of glass extending from the floor to the ceiling provides breathtaking lake views from every major living area. The open concept features extended sight lines from the spacious Foyer to the Great Room, Dining Room and Gourmet Kitchen. The Great Room features a unique, curved glass and marble wet bar and French door leading to the patio. The Island Kitchen is furnished with an abundance of custom cabinetry, granite counters, premium appliances and walk-in pantry. Beautiful French doors open to the Owner's Suite featuring two walk-in closets with built-in organizers, French door leading to a covered patio and a gorgeous Ensuite featuring dual vanities, free standing tub and large Euroglass enclosed shower. The Lower Level features 2 Bedrooms, full Bath and Wine Cellar. Finished Basement includes a huge Family/Rec Room, Craft Room, Den/Flex Room and Storage Rooms. First floor Laundry Room is equipped with storage cabinets, utility sink and ceramic flooring. 3 Car Garage is fully finished with drywall, insulation, paint, raised bumper, epoxy coated floors and openers.

Details

Property type

Single Family Residence

Est. home value

$1,049,917

Lot size

0.92 acres

Price per sq ft

$392

Year built

1988

Annual property taxes

$17,014

Monthly HOA fee

$33.33

Price History

11/04/2024
Realcomp

Realcomp #20240083134

Listed
$1,595,000
+31.28%
03/11/2016
Realcomp

Realcomp #215113036

Sold
$1,215,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Huron Valley

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

January 2020

Original loan amount

$1,005,000

Est. remaining balance

$907,589

Interest rate

3.66%

Loan type

New Conventional, 30 year

Seller

William Gershenson and Theodora Gershenson

Lender

Mercantile Bank Of Michigan

Loan start date

November 2017

Original loan amount

$68,000

Est. remaining balance

Not provided

Interest rate

3.16%

Loan type

Credit Line (Revolving)

Seller

William Gershenson and Theodora Gershenson

Lender

Bank Of Birmingham

Loan start date

April 2016

Original loan amount

$60,750

Est. remaining balance

Not provided

Interest rate

2.85%

Loan type

Credit Line (Revolving)

Seller

William Gershenson and Theodora Falvo

Lender

Bank Of Birmingham

Loan start date

March 2016

Original loan amount

$972,000

Est. remaining balance

Not provided

Interest rate

3.99%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

William Gershenson and Theodora Falvo

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/23/2024 at 6:15 AM

Listing updated: 11/10/2024 at 11:00 AM

Listed by: Janet K Stockton, KW Showcase Realty Phone #: (248) 360-2900

MLS: Realcomp #20240083134

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