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$532,000

Beds
5
Baths
3.5
sq ft
2,896

5051 Whipple Lake Rd, Clarkston, MI 48348

5051 Whipple Lake Rd

Independence Twp, MI 48348

  • 154 days on market
    • Price drop $5,000↓
12.5 ACRES in Clarkston AND includes a farm home, a pool house with indoor pool, large barn with metal roof, chicken coop and creamery. This authentic farm home is adorned with exquisite wood doors with premium door hardware and knobs, and wood trim and fixtures with original detailing. There are hardwood floors in the dining room and kitchen, and parquet floor in the sitting room. Several built-in oak cabinets provide ample storage. The dining room was updated with beautiful wood paneling obtained from the former Northwestern High School. All the bedrooms have large windows providing natural light. The master bedroom has its own bathroom and a walk-in closet. There are 4 bedrooms on the main level and another bedroom, den, game room upstairs. Large open space in the yard is great for playing your favorite sport or picnicking. Also there are plenty of trails in the woods for the hiking or hunting enthusiast. Whether you are star gazing or enjoying the moments of awe of nature’s beauty, this is truly a place to call home.

Details

Property type

Single Family Residence

Est. home value

$631,564

Lot size

12.50 acres

Price per sq ft

$184

Year built

1896

Annual property taxes

$3,165

Price History

09/05/2024
Realcomp

Realcomp #20240024559

Price change
$532,000
-0.93%
07/22/2024
Realcomp

Realcomp #20240024559

Price change
$537,000
-0.9%
07/10/2024
Realcomp

Realcomp #20240024559

Price change
$541,900
-0.02%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Clarkston

Negotiation Insights

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

Seller could get up to

$198,425
Asking price
$532,000
Closing costs (~8% of asking)
-$42,560
Est. remaining loan balance
-$291,015
Cash to seller
$198,425

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Vibe Cu

Loan start date

June 2023

Original loan amount

$300,000

Est. remaining balance

$291,015

Interest rate

6.39%

Loan type

New Conventional, 20 year

Seller

Gerald J Bania and Laurie L Bania

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: 09/17/2024 at 11:05 PM

Listing updated: 09/08/2024 at 2:21 PM

Listed by: Kathryn Gorz, Coldwell Banker Realty-Clarkston Phone #: (248) 625-1000

MLS: Realcomp #20240024559

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