$400,000
SOLD OCT 28, 2024

8512 Cascade St Commerce Township, MI 48382

2 Beds
1 Bath
1,104 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$362 Per Sq Ft

5% Below List Price

24 Days on Market

Highlights

  • 40 Feet of Waterfront
  • Dock Facilities
  • Deck
  • Clifford H. Smart Middle School Rated A-
  • Lake Privileges
  • Ranch Style House

About This Home

As of October 2024

Cooley Lakefront Retreat - Furnished 2 Bed, 1 Bath - Investment Opportunity
Welcome to this beautifully furnished 2-bedroom, 1-bath lake house located on the sought-after South shore of All Sports Cooley Lake. This charming property has been a successful Airbnb rental, generating an impressive $55K in 2023 alone, with an additional $12K in revenue from pontoon boat rentals. Whether you're seeking a turn-key investment or a peaceful retreat, this home delivers both. Property Highlights:
- 40 feet of private lake frontage with a sandy shoreline, perfect for swimming and water sports.
- Enjoy stunning sunrise and sunset views from the comfort of your home or while relaxing on the wooden dock.
- Features a unique built-in fireplace/pizza oven for lakeside gatherings, along with a lakefront fountain for a touch of serenity.
- Unwind in the hot tub, just steps from the water, and embrace the tranquil atmosphere.
- The home sits on a prime lakefront lot, offering endless potential for expansion or new construction if you're seeking the ideal location to build your dream home.

Whether you're looking to continue the profitable rental operation or use it as your personal lakefront escape, this Cooley Lake gem offers the best of both worlds. Don't miss out on this rare opportunity to own a piece of lakefront paradise!

Last Agent to Sell the Property

Dylan Tent

Signature Sotheby's International Realty Nvl License #6501393241 Listed on: 09/17/2024

Signature Sotheby's International Realty Nvl

Last Buyer's Agent

Jeff Thomas

J Thomas & Associates Realty License #6502139438

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1952

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 40x105x40x105
  • 40 Feet of Waterfront
  • Lake Front

Home Design

  • Ranch Style House
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,104 Sq Ft Home
  • Furnished or left unfurnished upon request
  • Gas Fireplace
  • Great Room with Fireplace
  • Water Views
  • Unfinished Basement

Kitchen

  • Free-Standing Gas Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Dock Facilities
  • Lake Privileges
  • Deck

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1236377003

Community Details

Overview

  • No Home Owners Association
  • Russell Beach Subdivision

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,445

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 210.00
  • Year Built: 1952
  • State Equalized Value: 136560.0000
  • Entry Location: Ground Level
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Furnished - Negotiable
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Great Room
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Free-Standing Gas Oven, Free-Standing Refrigerator, Washer
  • Total Sq Ft: 1104

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: Cooley Lake
  • Waterfront: Yes
  • Foundation Details: Basement
  • Construction Materials: Block
  • Foundation Materials: Block
  • Porch Type: Deck
  • Road Frontage Type: Paved
  • Water Frontage Feet: 40.00
  • Waterfront Description: Direct Water Frontage, Lake Front, Lake Privileges, Water Front

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Septic Tank (Existing)
  • Water Heater Fuel: Natural Gas
  • Water Source: Well (Existing)

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Lot Features: Water View
  • Lot Size Area: 0.10
  • Lot Dimensions: 40x105x40x105
  • Parcel Number: 1236377003

Tax Info

  • Tax Amount Summer: 4740.0000
  • Tax Amount Winter: 1705.0000
  • Total Tax: 6445.0000
  • Taxable Value: 130960.0000

Multi Family

  • Waterfront Features: All Sports Lake, Dock Facilities, DIRFRT

MLS Schools

  • School District: Walled Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2024
Closed on
Oct 28, 2024
Sold by
Senna Investments Llc
Bought by
Gurumurthy Ashok and Niranjan Nijaruna
Seller's Agent
Dylan Tent
Signature Sotheby's International Realty Nvl
Buyer's Agent
Jeff Thomas
J Thomas & Associates Realty
List Price
$420,069
Sold Price
$400,000
Premium/Discount to List
-$20,069
-4.78%
Views
36
Current Estimated Value
$377,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,982
Avg. Annual Appreciation
-5.98%

Purchase Details

Closed on
Sep 27, 2021
Sold by
David Donie
Bought by
Donie Investments Llc

Purchase Details

Closed on
Mar 15, 2013
Sold by
Mccarthy Lipka Kathie Ann
Bought by
Lipka Stanley E

Purchase Details

Closed on
Aug 18, 2012
Sold by
Reiss Laura
Bought by
Lipka Stanley E

Purchase Details

Closed on
Jul 6, 2001
Sold by
Brown Joan Y
Bought by
Reiss Laura
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $400,000 Title Wrx
Warranty Deed $350,000 None Listed On Document
Warranty Deed $400,000 Title Wrx
Warranty Deed $350,000 None Listed On Document
Warranty Deed -- Soble Rowe Krichbaum Llp
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Deed $195,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2024 10/28/24 Sold $400,000 -4.8% $362 / Sq Ft
10/11/2024 10/11/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $420,069 -- $380 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,740 $136,560 $0 $0
2023 $4,690 $124,730 $0 $0
2022 $5,747 $115,510 $0 $0
2021 $5,123 $111,420 $0 $0
2020 $3,975 $103,420 $0 $0
2019 $3,115 $83,510 $0 $0
2018 $3,081 $73,180 $0 $0
2017 $2,999 $73,180 $0 $0
2016 $2,994 $69,960 $0 $0
2015 -- $67,570 $0 $0
2014 -- $59,520 $0 $0
2011 -- $83,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240068117

Realcomp

APN: 12-36-377-003