Date Archives: February 2014

As a local lake realtor I wanted to share what I am seeing in Oakland County Lake real estate in February 2014.  We have not had many days in January or February that have gone over thirty degrees.  It has driven both lake buyers and lake home sellers of Oakland County inside.  Many are waiting for the spring weather or any warmer weather.  Many sellers do not want to list their home right now.  I have a list of at least 10 lake real estate and homes that are ready to put on the market, but the sellers are waiting for the snow to melt.  It is such an unusual year.  Normally we have warm spells where the snow completely melts.  Not this year.  We have had snow on the ground since the holidays.

Oakland County home values have gone up 16.9% over the past year and Zillow predicts they will rise 4.8% within the next year. The median list price per square foot in Oakland County is $119.   Last month 914 Oakland County Michigan homes sold and 192 of them were foreclosures.  Oakland County real estate and homes are still very hot though we have seen a slow down in the market due to this crazy cold and snow.  It is even more pronounced in lake real estate.

Many Oakland County lake homes that have been on the market since last summer have not sold and are still sitting.  Is it because the homes are over priced for their condition or is there just so few lake buyers out there.  Many lake homes are pulled off the market in the late fall and then put back on in the spring.  

Livingston County, Washtenaw County, Genessee County, and Wayne County lake homes are the same way.  Homes in those counties have gone up in value very similar to Oakland County.  Winter home sales in most of the counties are slower because of the weather.   It was a great year last year, but many experts are predictiong a slow down in the real estate market..  We have seen it slow down a little already this winter.  Is it because of the snow and cold?  Or are there less buyers?  There are not many Oakland County lake homes and properties for sale right now.  So an excess of Oakland County lake real estate is not the reason for the market changing a little.

I have lake buyers that are looking for that special lake home.  There are still many lake home buyers out there.  They just cannot find a lake home and are willing to wait until the right one comes along.  So hopefully after the snow melts and some of these lake properties are dug out they will come on the market.   So be prepared, you will competition when looking at Oakland County Lake real estate.   Call me Russ Ravary your lake real estate specialist.  My cell is (313) 310-9855 

Lake foreclosures in Oakland County Michigan are getting less and less each year.  Currently there are 11 lake foreclosures in Oakland County.  That is a lot.  Many times there are only 3 or 4.  When the mortgage meltdown first started there were a lot more, but fewer people are losing their homes in 2014.  Some of these homes are condominiums and some are on small lakes.  If you need help or more information on them give me a call on my cell phonre at (313) 310-9855.

Here are all 11 Lake foreclosures in Oakland County Michigan.

1623 CASS LAKE Road, Keego Harbor 48320 Price: $57,750                 MLS#:   Condominium Status: ACTV Summer Tx: $699 County: Oakland Stat Dt: 02/09/14 Winter Tx: $14 School Dist: West Bloomfield Beds: 1 Baths: 1.0 Yr Built: 1966 SubDiv: SYLVAN LAKE CONDO Sqft: 731 Basement: No MLS Area: 02182 - Keego Harbor Grg Size:   Architecture: 1 Story Water: Municipal Water Style:  Ranch Heating: Baseboard Acreage:   Sewer: Septic-Existing Waterfront: Lake Front, Lake/River Priv         Office: Millennium Prop & Mgt Co LLC         It's a twofer- enjoy either sylvan or cass lakes, carefree condo living. Main floor condo. Seller will not review any offers until on market for 10 days. All offers to be submitted via website know to listing agent. buyer to pay 300.00 website fee at closing.                   Recent: 02/09/2014 : New : ->ACTV

701 Joslyn Road, Orion Twp 48362 Price: $110,000                 MLS#:   Residential Status: ACTV Summer Tx: $3,354 County: Oakland Stat Dt: 12/03/13 Winter Tx: $764 School Dist: Lake Orion Beds: 3 Baths: 1.0 Yr Built: 1945 SubDiv: Suprvr's Plat No 11 - Orion Twp Sqft: 1,414 Basement: Yes MLS Area: 02091 - Orion Twp Grg Size: 2 Car Architecture: 1 Story Water: Well-Existing Style:  Ranch Heating: Forced Air Acreage: 1.04 Sewer: Septic-Existing Waterfront: Lake Front Lot Features: Hilly-Ravine, Lake View         Office: CENTURY 21 REAL ESTATE 217-OXFORD         This Home Sits on 1.045 acres of land, and includes 120 feet of amazing lake frontage on Little Square Lake. There is access from little Square to Big Square Lake. This is elec. motor only lake. The fireplace, original knotty pine paneling and retro tile design make the family room of this 1945 home feel warm and cozy. If owned and occupied by June 1st, 2014, Homestead would be available. There is evidence of mold in this home.

4195 Solvay Drive, Waterford 48329 Price: $136,700                 MLS#:   Residential Status: ACTV Summer Tx: $1,579 County: Oakland Stat Dt: 10/15/13 Winter Tx: $497 School Dist: Waterford Beds: 2 Baths: 1.0 Yr Built: 1924 SubDiv: Loon Lake Sub No 2 Sqft: 936 Basement: Yes MLS Area: 02131 - Waterford Twp Grg Size: 1 Car Architecture: 1 Story Water: Municipal Water Style:  Ranch Heating: Forced Air Acreage: 0.1 Sewer: Sewer-Sanitary Waterfront: Canal Front         Office: MILLENNIUM PROP & MGT CO LLC         Dont Miss This Charming Ranch Canal Front Home Leading to Loon Lake! This is a Must See! This is a Fannie Mae HomePath Property. Home is approved for HomePath & HomePath Renovation Financing. The seller has directed that all offers on this listing be made using the HomePath Online Offer system at the HomePath website. All Showings can be set online through RealComp. Close by May 31, 2014 and request up to 3.5% of the final sales price to be used as closing cost assistance! Click HomePath for details or ask me. Restrictions apply                   Recent: 02/03/2014 : DOWN : $149,700->$136,700

828 Holly Bush Drive, Holly Vlg 48442 Price: $159,900                 MLS#:   Residential Status: ACTV Summer Tx: $1,687 County: Oakland Stat Dt: 01/17/14 Winter Tx: $525 School Dist: Holly Beds: 3 Baths: 2.0 Yr Built: 1977 SubDiv:   Sqft: 1,432 Basement: No MLS Area: 02012 - Holly Vlg Grg Size: 2 Car Architecture: 2 Story Water: Well-Existing Style:    Heating: Forced Air Acreage: 0.23 Sewer: Septic-Existing Waterfront: Lake Front         Office: Five Lakes Real Estate         Remarkable home that is in move in condition. 3 bed with 2 baths all updated on Bush Lake with dock access and lakeview from you rear covered patio.  This is a fannie mae homepath property and does qualify for Fannie mae homepath mortgage and homepath renovation mortgage financing with as little as %5 down

60 Brookfield Drive, Oxford Twp 48371 Price: $197,900                 MLS#:   Residential Status: ACTV Summer Tx: $1,391 County: Oakland Stat Dt: 01/20/14 Winter Tx: $1,448 School Dist: Oxford Beds: 3 Baths: 2.1 Yr Built: 1976 SubDiv: Tan Lake Shores Sqft: 1,690 Basement: Yes MLS Area: 02041 - Oxford Twp Grg Size: 2 Car Architecture: 2 Story Water: Well-Existing Style:  Colonial Heating: Forced Air Acreage: 0 Sewer: Sewer-Sanitary Waterfront: Canal Front, Lake Front         Office: REAL LIVING JOHN BURT REALTY         All sports canal front, 3 bedroom 2 1/2 bath home with a 2 car attached garage. This is a Fannie Mae Homepath Property. Purchase for as little as 5% down.This property is approved for Homepath  & Homepath Renovation Mortgage Financing. BA to verify measurements, taxes, homestead status & HOA.

2628 Desmond, Waterford Twp 48329 Price: $199,700                 MLS#:   Residential Status: ACTV Summer Tx: $3,742 County: Oakland Stat Dt: 11/11/13 Winter Tx: $1,779 School Dist: Waterford Beds: 3 Baths: 2.0 Yr Built: 1940 SubDiv: Ideal Country Club Sqft: 1,835 Basement: No MLS Area: 02131 - Waterford Twp Grg Size: 2 Car Architecture: 2 Story Water: Municipal Water Style:  Bungalow Heating: Forced Air Acreage: 0.1 Sewer: Sewer-Sanitary Waterfront: Lake Front Lot Features: Hilly-Ravine, Lake View         Office: REAL LIVING GREAT LAKES RE-ROCH         Wonderful lake front home with access to all-sports Williams Lake. Spectacular views from most windows. Open floor plan, spacious rooms. Multiple rear decks. Sand at waterfront. Steps from community beach & boat ramp. Needs work & sold as is. This is a Fannie Mae Home Path Property. Purchase this home for as little as 5% down. Restrictions apply. Eligible for HomePath Renovation Mortgage. Up to 3% closing cost assistance may be available!                   Recent: 02/06/2014 : DOWN : $224,700->$199,700

3949 STRATHCONA, Highland Twp 48357 Price: $214,900                 MLS#:   Residential Status: ACTV Summer Tx: $1,581 County: Oakland Stat Dt: 02/11/14 Winter Tx: $997 School Dist: Huron Valley Beds: 3 Baths: 2.0 Yr Built: 1987 SubDiv: HIGHLAND HILLS NO 2 Sqft: 1,541 Basement: Yes MLS Area: 02111 - Highland Twp Grg Size: 2 Car Architecture: Bi-Level Water: Well-Existing Style:  Colonial Heating: Forced Air Acreage: 0.38 Sewer: Septic-Existing Waterfront: Lake Front Lot Features: Lake View         Office: RE/MAX Classic         GORGEOUS 3 BEDROOM LAKE FRONT HOME! FEATURES HUGE LAKESIDE DECK WITH AWESOME LAKE VIEW GREAT FOR ENTERTAINING, CATHEDRAL CEILINGS, OFFICE ROOM WITH BUILT-INS, WALKOUT LOWER LEVEL, AND SO MUCH MORE! REPAIRS JUST COMPLETED! FRESH PAINT, NEW CARPET, NEW KITCHEN APPLIANCES, AND MORE! A MUST SEE! SOLD AS IS. DATA ESTIMATED! L/A HAS NO INFO ON COND! S/O COMM. BASED ON NET SALE. SELLER MAY PAY UP TO $500 TOWARDS HOME WARRANTY OF BUYER'S CHOICE, CONDO CASH FOR STANDARD CONDO DUES, OR FLOOD INSURANCE COVERAGE. DETAILS ATTACHED. BUYER TO COMPLY WITH ANY CITY REQUIREMENTS!                   Recent: 02/11/2014 : New : ->ACTV

2665 MIDDLEBELT Road, West Bloomfield Twp 48324 Price: $214,900                 MLS#:   Residential Status: ACTV Summer Tx: $2,455 County: Oakland Stat Dt: 02/12/14 Winter Tx: $6,006 School Dist: Pontiac Beds: 2 Baths: 2.1 Yr Built: 1953 SubDiv: UPPER LONG WOODS NO 2 Sqft: 1,039 Basement: Yes MLS Area: 02181 - West Bloomfield Twp Grg Size: 2 Car Architecture: 1 Story Water: Municipal Water Style:  Ranch Heating: Forced Air Acreage: 0.76 Sewer: Sewer-Sanitary Waterfront: Canal Front         Office: Fowler Real Estate         This home sits on a canal to the ALL SPORTS Upper Long Lake. The extra deep lot has a dock and a two car attached garage. Enjoy the view from the deck. The bright spacious living room has a big window, cove ceiling and open dining room. Lots of cabinets and a corner sink in the kitchen. Also enjoy the corner window green house, the counter stove, refrigerator, dishwasher and built in oven. Three roomy bedrooms with nice big closets. Two full bathrooms. This home has a finished basement with a wet bar/kitchen. This is your forever home in a great location. This is a Fannie Mae HomePath property. You may be able to purchase this property for as little as 5% down! This property is approved for HomePath Mortgage financing. This property is approved for HomePath Renovation Mortgage financing. Owner occupants, if you close by May 31, 2014 you can request up to 3.5% of the final sales price to be used as closing cost assistance! Click HomePath for details or ask me. Restrictions apply.                   Recent: 02/12/2014 : New : ->ACTV

5790 Lake George Road, Addison Twp 48367 Price: $224,900                 MLS#:   Residential Status: ACTV Summer Tx: $1,753 County: Oakland Stat Dt: 11/10/13 Winter Tx: $1,144 School Dist: Oxford Beds: 1 Baths: 2.0 Yr Built: 1943 SubDiv:   Sqft: 1,642 Basement: Yes MLS Area: 02051 - Addison Twp Grg Size: No Garage Architecture: 1 Story Water: Well-Existing Style:  Ranch Heating: Forced Air Acreage: 16.88 Sewer: Septic-Existing Waterfront: Lake Front Lot Features: Hilly-Ravine, Irregular, Lake View, Wooded         Office: REAL LIVING JOHN BURT REALTY         Gorgeous property on private lake- up North get away minutes from Downtown Oxford. Purchase for as little as 5% down! Approved for Homepath Renovation Mtg. BA to verify measurements, taxes, homestead status & HOA. No personal property included.

2907 Walmsley Circle Drive, Orion Twp 48360 Price: $321,750                 MLS#:   Residential Status: ACTV Summer Tx: $2,989 County: Oakland Stat Dt: 12/04/13 Winter Tx: $946 School Dist: Lake Orion Beds: 5 Baths: 3.1 Yr Built: 1960 SubDiv: Keatington Sub Sqft: 2,535 Basement: Yes MLS Area: 02091 - Orion Twp Grg Size: 2 Car Architecture: 2 Story Water: Municipal Water Style:  Colonial Heating: Forced Air Acreage: 0.3 Sewer: Sewer-Sanitary Waterfront: Canal Front Lot Features: Irregular, Lake View         Office: REAL LIVING JOHN BURT REALTY         Canal front property to Lake Voorheis. 2535 square feet with 5 bedrooms and 3 1/2 bathrooms. Lake Orion schools. For special financing incentives, seller requests potential buyers contact Chase Loan Officer                   Recent: 02/14/2014 : DOWN : $350,000->$321,750

3093 EXETER Drive, Milford Twp 48380 Price: $467,400                 MLS#:   Residential Status: ACTV Summer Tx: $4,939 County: Oakland Stat Dt: 02/05/14 Winter Tx: $2,052 School Dist: Huron Valley Beds: 4 Baths: 4.1 Yr Built: 2000 SubDiv: LAKES OF MILFORD Sqft: 3,380 Basement: Yes MLS Area: 02161 - Milford Twp Grg Size: 3 Car Architecture: 2 Story Water: Well-Existing Style:  Colonial Heating: Forced Air Acreage: 1.14 Sewer: Septic-Existing Waterfront: Lake Front Lot Features: Lake View         Office: RE/MAX Classic         STUNNING 4 BEDROOM BRICK WATERFRONT HOME! ON OVER 1 ACRE! BEAUTIFUL BACKYARD WITH IN GROUND POOL/SPA, FINISHED BASEMENT WITH FULL BATH AND SAUNA, THEATER ROOM, AND SO MUCH MORE! A DREAM HOME! SOLD AS IS. ALL INFO ESTIMATED. L/A HAS NO INFO ON COND. BUYER TO COMPLY WITH ANY CITY REQUIREMENTS!                   Recent: 02/11/2014 : DOWN : $492,000->$467,400