tomo logo

$525,000

Beds
3
Baths
2.0
sq ft
1,730

5371 Cooley Lake Rd, Waterford, MI 48327

5371 Cooley Lake Rd

Waterford Twp, MI 48327

  • 37 days on market
    • Price drop $10,000↓
Discover this main lakefront home on Elizabeth Lake, perfect for water skiing, jet skiing, and boating on one of the area's most coveted all-sports lakes. This 363-acre lake with a hard sand bottom offers expansive views across the water. Enjoy a beautiful sandy beach and swimming area. Fully updated in 2023, this stunning 1730-square-foot home features 2-3 bedrooms and 2 full baths. The primary bedroom includes an 11 x 10 dressing/flex room. Notice the solid construction with an extensive brick exterior. Unwind on the lakeside patio, which boasts an outdoor fireplace for the cooler evenings. The spacious family room provides lake views and a brick fireplace. A sizable dining room and kitchen offer ample cabinets and workspace. The home includes newer windows, new carpet 2021, and an oversized garage with an attached fenced dog run. Recent updates encompass a brand-new kitchen renovation with cabinets, counters, backsplash, and appliances, new laminate flooring throughout the main floor, renovated full bathrooms main and 2nd floor, new sump pump and new roof and gutters!

Details

Property type

Single Family Residence

Est. home value

$485,373

Lot size

0.25 acres

Price per sq ft

$304

Year built

1927

Annual property taxes

$9,688

Price History

11/01/2024
Realcomp

Realcomp #20240078436

Price change
$525,000
-1.87%
10/16/2024
Realcomp

Realcomp #20240078436

Listed
$535,000
+27.38%
08/22/2022
Realcomp

Realcomp #20221012898

Sold
$420,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Waterford

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

$117,289
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$365,711
Cash to seller
$117,289

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

Seller’s Loan History

Lender

Staunton Financial Inc

Loan start date

August 2022

Original loan amount

$378,000

Est. remaining balance

$365,711

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Brennan Williams and Emma Seidel

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 4:00 AM

Listing updated: 11/01/2024 at 6:20 PM

Listed by: Debra Lenzen, KW Showcase Realty Phone #: (248) 360-2900

MLS: Realcomp #20240078436

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