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$3,495,000

Beds
4
Baths
4.5
sq ft
6,808

571 Edgemere Ct, Bloomfield Hills, MI 48304

571 Edgemere Ct

Bloomfield Hills, MI 48304

  • 5 days on market
Within walking distance to Cranbrook, this sensational home epitomizes luxury and elegance. Situated on approximately 1.4 manicured acres, this residence offers around 7,000 square feet of living space and has undergone a recent $2 million+ renovation, showcasing the highest quality finishes and craftsmanship. Upon entering, you are greeted by a grand entrance foyer adorned with marble flooring and a breathtaking Baccarat light fixture. Bathed in natural light and rich in character, the interior features a thoughtful floor plan that seamlessly connects to an array of outdoor living spaces. The gourmet kitchen, complete with a quartzite waterfall edge island, Poggenpohl cabinetry, and top-of-the-line appliances, flows effortlessly into the family room and living room. The spacious living room, with its arched mirrored niches and Pella French doors, sits adjacent to the chic dining room, making it perfect for entertaining. A few steps up from the living room, the expansive primary wing features a bedroom suite, two enormous walk-in closets, a second laundry, and a stunning bathroom suite with quartzite countertops, heated floors, a jetted tub, steam shower, dual sinks, dual water closets, and a private Trex deck. The lower level includes a second en suite bedroom, an additional family room with heated floors, a wine cellar, a built-in humidor, and an office. A workout room, movie theater room, and laundry complete the lower level. The private loft space includes an additional sitting room with a built-in leathered granite desk and a third en suite bedroom. Additional features of this exceptional property include a mudroom, a heated 3-car attached garage, a full house generator, and abundant storage. The meticulously polished landscaping, expansive brick-paved patio, and sparkling in-ground pool enhance the peaceful, private setting. This is a home you do not want to miss! Note: the fourth bedroom is currently being used as a library.

Details

Property type

Single Family Residence

Est. home value

$3,713,327

Lot size

1.40 acres

Price per sq ft

$514

Year built

1963

Annual property taxes

$34,409

Price History

06/27/2024
Realcomp

Realcomp #20240045735

Listed
$3,495,000
-7.42%
05/13/2024
Realcomp

Realcomp #20240009275

Removed
$3,775,000
02/15/2024
Realcomp

Realcomp #81024003490

Removed
$3,775,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Birmingham

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

$2,061,951
Asking price
$3,495,000
Closing costs (~8% of asking)
-$279,600
Est. remaining loan balance
-$1,153,449
Cash to seller
$2,061,951

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

Seller’s Loan History

Lender

Level One Bank

Loan start date

January 2021

Original loan amount

$1,250,000

Est. remaining balance

$1,153,449

Interest rate

2.72%

Loan type

New Conventional, 30 year

Seller

Lawrence G Rapp and Lori A Rapp

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: 07/02/2024 at 7:20 PM

Listing updated: 06/28/2024 at 6:04 AM

Listed by: Renee Lossia Acho, KW Domain Phone #: (248) 590-0800

MLS: Realcomp #20240045735

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