Long Lake, Lake Orion Michigan Lakefront Real Estate Sales
Long Lake is a 94 acre all sports lake in Lake Orion MI. The lake itself pretty much looks like its name- it’s long and kind of skinny with the ”long” direction running pretty much east to west. The east third or so of the lake lies in the Bunny Run sub area. Bunny Run is a mix of older and newer homes and if you live in Bunny Run you have privileges on Long Lake. Bunny Run Country Club has a club house on the east end of the lake and a large beach that is private to subdivision residents.
On the west end of the lake is a new subdivision called the Shores of Long Lake. Since this is a much newer subdivision there are building restrictions making the lakefront homes much larger in general. The off the lake homes in the Shores of Long Lake and the Village by the Shores have privileges on Long Lake within their own sub.
No matter which part of Long Lake you live on or have access to, you will be conveniently located near Bald
Mountain state land area, expressways, shopping, and downtown Lake Orion.
In 2010 there were 8 lakefront sales on all sports Long Lake- 3 short sales and 5 regular sales with prices ranging from $132,500-$432,000. The 5 highest priced sales were all in the Shores of Long Lake with lakefront prices within that sub ranging from $375,000-$432,000. In 2009 there were only 3 lakefront sales on Long Lake- all in the Shores of Long Lake with prices ranging from $347,000-$400,000 and one of those sales was a bank owned home.
The depressing news is that many of the newer homes had previously sold for $500,000 and $600,000 price ranges. The good news is there were more sales in 2010 than in 2009 and there were only 3 short sales and 1 foreclosure in that 2 year period. The great news is if you compare the newer homes between the 2 years is the bottom end started higher in 2010 and the top ended higher.
As of July 21, 2011 there were 2 sales pending - a bank owned home on Franklin Lake Blvd that has an asking price of $309,000 and bank owned home on N Long Lake asking $66,000. There are currently 2 homes for sale on Long Lake asking $149,900 and $449,900.
Please don’t hesitate to contact me for additional information about homes for sale on Long Lake. 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.
Thinking of Selling Your Long Lake Home? Commonly Asked Questions
What Happens if the Appraisal is Low?
Jackie Hawley
Keller Williams Realty, Clarkston MI
(248)736-6407
Jackie@JackieHawley.com
www.MiRelocation.com
Dear Jackie I just read your info about my old Bunny Run Country Club, along with Lake front homes. I built my first home in 1975 on 985 Seabury, off of Detroit Blvd. Im really not in the market, but if i can get a great deal for a lake front home, that fell under the Evils of our wonderfull LAND OF OPPORTUNITY USA!! Well who knows?? I saw the 308,000, going for 66,000, MADE ME SICK! please contact me with any property’s listed on Long Lake in the same case senario. boejoe30@yahoo.com & 830-629-2636. im currently building a 6000 sq ft high energy home on 4 acres here in Newbraunfels TX, just north of SanAntonio by 30 miles. Austin is north of me by another 45 miles. I look forward to speaking with you soon! take care Rand G DesRosiers