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$715,000

Beds
3
Baths
2.5
sq ft
1,466

74 Park Island Dr, Lake Orion, MI 48362

74 Park Island Dr

Lake Orion Vlg, MI 48362

  • 17 days on market
Lake Orion Lakefront Home. This 2 story Sunset facing Brick Home with Walk Out Basement has 3 bedrooms & 2.1 Bath on All Sports Lake Orion is within walking distance to all Downtown has to offer. I am beautifully landscaped with 62' of water frontage & an original Boat House well with lift and private dock. Enjoy the lake life from my covered porch & watch the fireworks from my backyard!! Walk out to the lake from my party basement with wet bar, fireplace, hot tub, full bath and laundry. My 4-car garage is heated with a utility sink, workbench & direct access to basement. I have a few new windows and siding. Possibilities are endless!!! BATVAI

Details

Property type

Single Family Residence

Est. home value

$502,856

Lot size

5,227 sq ft

Price per sq ft

$488

Year built

1940

Annual property taxes

$10,318

Price History

01/15/2025
Realcomp

Realcomp #20250003337

Listed
$715,000
+6.72%
02/05/2024
Realcomp

Realcomp #20230092969

Sold
$670,000
-4.29%
01/02/2024
Realcomp

Realcomp #20230092969

Pending
$700,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Lake Orion

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

$67,913
Asking price
$715,000
Closing costs (~8% of asking)
-$57,200
Est. remaining loan balance
-$589,887
Cash to seller
$67,913

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

Seller’s Loan History

Lender

Summit Mortgage Corp

Loan start date

January 2024

Original loan amount

$596,000

Est. remaining balance

$589,887

Interest rate

6.95%

Loan type

New Conventional, 30 year

Seller

Joshua G Kullis

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: 02/02/2025 at 7:25 AM

Listing updated: 01/21/2025 at 6:04 AM

Listed by: Beth Hrlic, Exit Realty Group Phone #: (810) 245-2600

MLS: Realcomp #20250003337

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