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$1,600,000

Beds
4
Baths
6.5
sq ft
4,484

8039 Locklin Ln, Commerce Township, MI 48382

8039 Locklin Ln

Commerce Twp, MI 48382

  • 165 days on market
    • Price drop $100,000↓
Explore luxury lakeside living at its finest! Commerce address with award-winning Walled Lake Schools. This stunning 4-bedroom, 6.5-bathroom home on Union Lake has been completely renovated in 2003 and boasts breathtaking lake views. The lower level walkout is an entertainer's dream, featuring a sauna, second kitchen, theater, workout studio, and a cozy fireplace. The primary bedroom offers a tranquil escape with its own fireplace, sitting room, 2 walk-in closets, and a spacious ensuite bathroom. Don't miss the chance to experience the elegance of lakeside living!

Details

Property type

Single Family Residence

Est. home value

$1,758,334

Lot size

0.31 acres

Price per sq ft

$357

Year built

1987

Annual property taxes

$18,672.12

Price History

06/03/2024
Realcomp

Realcomp #81024004076

Price change
$1,600,000
-5.88%
02/05/2024
Realcomp

Realcomp #81024004076

Price change
$1,700,000
-5.56%
01/19/2024
Realcomp

Realcomp #81024004076

Listed
$1,800,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Walled Lake

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

Pnc Bank Na

Loan start date

June 2018

Original loan amount

$425,000

Est. remaining balance

Not provided

Interest rate

3.69%

Loan type

Credit Line (Revolving)

Seller

Patrick E Mcdermott and Linda Mcdermott

Lender

Fifth Third Bank Eastern Michigan

Loan start date

January 2004

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

5.88%

Loan type

Credit Line (Revolving)

Seller

Patrick E Mcdermott and Linda Mcdermott

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?

Similar Homes Nearby

Realcomp
$1,395,000
4 bd
|
4.5 ba
|
2,905 sq ft
|
House

1991 Alpha St, Commerce Township, MI 48382

Status: Active

Tomo last checked: 07/03/2024 at 2:45 PM

Listing updated: 06/18/2024 at 9:55 AM

Listed by: Delia Chavarria, Phone #: (248) 733-5811

MLS: Realcomp #81024004076

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