Lake Oakland Lakefront Real Estate Sales
Lake Oakland is a 235 acre all sports lake in Waterford and Independence Townships in North Oakland County Michigan. The lake is located north of Walton Blvd and between Sashabaw and Clintonville Roads. Lake Oakland is about 65 feet at its deepest and is connected via canal to Woodhull Lake. There is a public access at the end of Dill Rd.
Lake Oakland,has always been a desirable lake to live on. In 2004 the lowest
price house sold through the MLS was $282,150. In 2005 prices ranged from $250,000 – $1,275,000. In 2009 prices ranged from $50,000 – $655,000.
There were 14 sales in 2010- 6 bank owned, 3 short sales and 5 regular sales. 2 of the 5 regular sales were houses that had sold earlier in the year as foreclosure listings then fixed up and re-sold. Sale prices ranged from $95,000-$300,000 with the high per cent of distressed sales accounting for the low prices (or great deals if you are on the buyer side of the transaction).
There are currently (7/21/2011) 5 homes for sale- all “regular sales” with asking prices ranging from $199,900-$790,000.
Please don’t hesitate to contact me for additional information about homes for sale on Lake Oakland. With prices so low, now is a good time to buy a cottage or upgrade to that lake house. Interest rates are still great. FHA will mortgage up to just under $300,000 and FHA 203K loan will allow for you t borrow for repairs at the same time.
Selling- for the Non Distressed Seller
Jackie Hawley
Keller Williams Realty, Clarkston MI
Cell: (248)736-6407
Jackie@JackieHawley.com
www.MiRelocation.com
