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Archive for July, 2011

Lake Oakland Lakefront Real Estate Sales

Lake Oakland Clarkston Michigan Lakefront real estate Waterford MichiganLake 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 lowestLake Oakland Clarkston Michigan Lakefront real estate Waterford Michigan 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

More Lakefront Info

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Jackie Hawley
Keller Williams Realty, Clarkston MI

Cell: (248)736-6407
Jackie@JackieHawley.com
www.MiRelocation.com

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Lotus and Maceday Lakes Lakefront Real Estate Sales

Maceday and Lotus are both all sports lakes and are connected for a total acreage of 419 acres. Maceday Lake is located in Waterford, Michigan. The majority of Lotus Lake is located in Waterford Township, but the northern tip falls into Independence Township (more commonly known as Clarkston). There is a public access site at Williams Lake Rd just east of Maceday Lake Rd.

Maceday and Lotus Lakes are all sports lakes- great for the water skier or jet skier in the summer and snowmobiler in the winter.

For the fisherman, Maceday Lake is a designated trout lakeand was stocked last fall with 1,000 lake trout with some of the fish being up to 18 inches long and ranging in age from 2-4 years. Maceday Lake was also stocked with 12,000 rainbow trout in 2010 and another 12,760 rainbow trout in April, 2010. It was stocked with 15,000 splake (brook trout/lake trout cross) in March of 2009 and 13,300 in April of 2010.

In 2005 sale prices on Maceday and Lotus lakes ranged from $245,000 – $1,150,000.

In 2009 sale prices ranged from $76,000 – $590,000. 9 of the 12 sales in 2009 were under $200K and one of those sold for under $100K. Of the 12 sales in 2009 3 were bank owned, 3 were short sales, and there were 3 sold listings where the listing agent didn’t bother filling in the lake name field of the MLS. That is 25% of the sold listings that would not have come up in a search looking specifically looking for Lotus or Maceday Lake.

There were 13 sales reported in 2010 ranging in price from $100,000-$475,000. There was only 1 bank owned sale, but over half the total sales were short sales (7 short sales). In general prices in 2010 were higher than in 2009- see charts below.

So far this year (July 21, 2011) there have been 9 closed sales on Maceday and Lotus Lakes ranging in sale price from $57,000-$650,000- 1 bank owned and 7 regular (non distressed) sales. There are currently 8 active listings ranging in asking price from $190,000-$3,800,000. Only 2 of the 8 active listings are distressed sales- both short sales.

Please don’t hesitate to contact me if you are considering buying or selling a home on all sports Maceday Lake or Lotus Lake.

cell: (248)736-6407

Jackie@JackieHawley.com

Buyer Blog

Seller Blog

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Long Lake, Lake Orion Michigan Lakefront Real Estate Sales

long lake lake orion miLong 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 BaldLong Lake Lake Orion MI 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?

More Lakefront Sales Data

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Jackie Hawley
Keller Williams Realty, Clarkston MI
(248)736-6407
Jackie@JackieHawley.com
www.MiRelocation.com

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Voorheis Lake- Lakefront Real Estate Sales

lake voorheis lakefront homesVoorheis Lakefront real estate sales, Lake Orion Michigan. Private, all sports, 250 acre Lake Voorheis. Sales in 2009 were pretty dismal with only 5 total sales- 2 of which were bank owned homes (foreclosures) and sale prices ranging from $150,000-$650,000. That’s right- someone was able to purchase a home on desirable, all sports Lake Voorheis for the disgustingly low bargain basement price of $150,000. I would say that person made a great investment, even if the house needed a major re-hab.

In 2003 there was only 1 sale below $400K reported in the MLS with sales prices on Lake Voorheis topping out at a tad over a million dollars.

There were no sales on Lake Voorhies in 2010 (at least none reported to the MLS), but 2011 is starting out quite well considering the state of real estate prices the past 5 or 6 years. So far there have been 5 closed sales this year with sale prices ranging from $253,500-$449,900. 3 of the 5 sales were in the $400’s.

There are currently no sales pending on Lake Voorhies and 3 homes for sale with asking prices ranging from $245,000-$580,000- 1 short sale and 2 “normal” listings.

 

Jackie@JackieHawley.com

Thinking of Selling Your Lake Voorheis Home?

Considering Buying a Home on Lake Voorheis?

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Does the Buyer Have a Right to a Home Inspection?

No.

You have the right to bear arms, you have the right to free speech and assembly… There is no right to a home inspection in a real estate transaction. There is, however, a legal obligation to live up to the terms of the fully executed purchase agreement (not a lawyer).

The offer to purchase will either be contingent on a home inspection or it won’t. If the offer isn’t subject to a home inspection, then the seller doesn’t have to let the buyer inspect. In fact, the seller shouldn’t let the buyer inspect. Sometimes a buyer will waive the inspection contingency to make their offer stronger. But those terms should be spelled out in the purchase agreement.

For Sellers

For Buyers

Search the MLS

What is a Home Warranty and Who Pays for it?

What Happens if the Appraisal is Low?

More About Home Inspections

Jackie Hawley
Keller Williams Realty, Clarkston MI
cell: (248)736-6407
email:
Jackie@JackieHawley.com or Jackie@MiRelocation.com

www.Mirelocation.com

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Lake Orion 4th of July Fireworks Postponed Until July 9th

lake orion mi fireworksDue to weather conditions- rain, hail, power outages… – the annual fireworks show has been postponed to the rain-out date of July 9. The first time in its 38 year history that the rain out date will be used.

The Lake Orion Fireworks Association (LOFA) plans on putting on a $30,000 show this year, topping last year’s spectacular outing. The fireworks barge will be anchored off of Squaw Island (all sports Lake Orion) and there will be concessions at Green’s Park.

Come early to snag your small (butt sized) piece of real estate to view the show.

 

Lake Orion

Lake Orion Lakefront Homes For Sale

 

photo Rory Finneren Flickr

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