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$497,125Estimated home value

Beds
3
Baths
2.5
sq ft
2,880

8596 Cooley Lake Rd, Commerce Township, MI 48382

8596 Cooley Lake Rd

Commerce Twp, MI 48382

  • Off market
    • Price drop $28,000↓
Amazing Commerce twp lakefront home with 85ft of frontage on All Sports Cooley Lake! Updated Master suite w/ WIC custom MB w/ marble floors, Euro shower, double vanity and large garden tub. Fully Updated Kitchen w/ Granite tops, hardwood flooring thru out Living room, Great Room, family room and upper level. Custom Oak Built-ins, Natural Stone Fireplace, Wet bar and High Ceilings in the Great Room. 2 Custom Oak Staircases. Great Views of Cooley lake from the Master Bedroom, Great Room, Living Room and Dining Room. Private fenced in lakefront of the home hosts a custom cedar bar, In-ground fire pit, 2 elevated decks and a ground level deck with a built in Hot tub. Extensive stone work thru out. SS Appliances w/ dbl oven. Back yard is wonderful to entertain or simply relax and enjoy the wonderful lake views. Price reflects the fact that the home needs windows sold as is!

Details

Property type

Single Family Residence

Est. home value

$497,125

Lot size

8,276 sq ft

Price per sq ft

$173

Year built

1920

Annual property taxes

$9,625

Monthly HOA fee

$10.42

Price History

08/03/2024
Realcomp

Realcomp #20240036048

Removed
$497,000
07/02/2024
Realcomp

Realcomp #20240036048

Price change
$497,000
-5.33%
06/28/2024
Realcomp

Realcomp #20240036048

Price change
$525,000
-0.94%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Walled Lake

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

$171,781
Asking price
$497,000
Closing costs (~8% of asking)
-$39,760
Est. remaining loan balance
-$285,459
Cash to seller
$171,781

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

Seller’s Loan History

Lender

The Huntington National Bank

Loan start date

April 2021

Original loan amount

$309,000

Est. remaining balance

$285,459

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Ghazwan Ismail

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?

Status: Off Market

Tomo last checked: 10/05/2024 at 9:30 PM

Listing updated: 07/31/2024 at 12:58 PM

Listed by: Terry Asmar, WEICHERT, REALTORS®-Select Phone #: (248) 419-3999

MLS: Realcomp #20240036048

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