$350,000
SOLD FEB 28, 2025

997 Sherbrooke St Commerce Township, MI 48382

0.19 Acre
$1,842,105 Price per Acre
8,276 Sq Ft Lot

Recently Sold

$298 Per Sq Ft

7% Below List Price

308 Days on Market

About This Lot

As of February 2025

Buyer had this under contract for months but financing fell through last minute! Beautiful Lake lot with 71ft of lake frontage on all sports lake North Commerce Lake! Ready to build on! The lot has incredible lake views and is the only lake lot available on North Commerce Lake.

Last Agent to Sell the Property

Auston Cook

Cook & Associates License #6501422125 Listed on: 04/03/2024

Last Buyer's Agent

Matt Wilhide

EXP Realty - Northville License #6501402250

EXP Realty - Northville

Property Details

Property Type

  • Land

Est. Annual Taxes

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 77x126x71x130
  • 71 Feet of Waterfront
  • Lake Front

Utilities

  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 1710377012

Community Details

Overview

  • Frank S Salter's Mount Royal Country Club Subdivision

Recreation

  • Water Sports

Property Details

Property Type

Land

Est. Annual Taxes

$7,294

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • Assessment: 41.00
  • State Equalized Value: 148340.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront Name: North Commerce Lake
  • Waterfront: Yes
  • Frontage Feet: 77
  • Road Frontage Type: Paved
  • Water Frontage Feet: 71.00
  • Waterfront Description: Direct Water Frontage, Lake Front, Water Front

Utilities

  • Sewer: Sewer at Street
  • Water Source: Well-Needed

Schools

  • School District: Walled Lake

Lot Info

  • Lot Size Area: 0.19
  • Lot Dimensions: 77x126x71x130
  • Parcel Number: 1710377012
  • Zoning: Residential

Tax Info

  • Tax Amount Summer: 5340.0000
  • Tax Amount Winter: 1954.0000
  • Total Tax: 7294.0000
  • Taxable Value: 148340.0000

Multi Family

  • Waterfront Features: All Sports Lake, DIRFRT

MLS Schools

  • School District: Walled Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2024
Closed on
Feb 28, 2025
Sold by
Bonnell Gary
Bought by
Pruett Clyde and Pruett Christine
Seller's Agent
Auston Cook
Cook & Associates
Buyer's Agent
Matt Wilhide
EXP Realty - Northville
List Price
$375,000
Sold Price
$350,000
Premium/Discount to List
-$25,000
-6.67%
Views
101
Current Estimated Value
$356,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,928
Avg. Annual Appreciation
2.26%
Original Mortgage
$290,000
Outstanding Balance
$171,970
Interest Rate
8%
Mortgage Type
Construction
Estimated Equity
$182,195

Purchase Details

Listed on
Jan 5, 2021
Closed on
May 28, 2021
Sold by
Kopacki Megan and The Renee Pape Revocable Livin
Bought by
Bonnell Gary
Seller's Agent
Paul Mecklenborg
Meck Realty
Buyer's Agent
Auston Cook
Cook & Associates
List Price
$384,900
Sold Price
$360,000
Premium/Discount to List
-$24,900
-6.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.75%

Purchase Details

Closed on
Jun 15, 2005
Sold by
Pape Renee
Bought by
The Renee Pape Revocable Living Trust

Purchase Details

Closed on
Nov 5, 1998
Sold by
Pape Renee
Bought by
Pape Renee
Source: Public Records

Range of Values:

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Average Value
Not Available
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 $350,000 None Listed On Document
Warranty Deed $350,000 None Listed On Document
Warranty Deed $360,000 First American Title
Interfamily Deed Transfer -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $290,000 Construction
Closed $290,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $350,000 -6.7% $298 / Sq Ft
02/06/2025 02/06/25 Pending -- -- --
12/09/2024 12/09/24 Price Changed $375,000 0.0% $320 / Sq Ft
12/09/2024 12/09/24 For Sale $375,000 -6.0% $320 / Sq Ft
10/16/2024 10/16/24 Pending -- -- --
08/07/2024 08/07/24 Price Changed $399,000 -20.2% $340 / Sq Ft
04/03/2024 04/03/24 For Sale $499,900 +38.9% $426 / Sq Ft
05/28/2021 05/28/21 Sold $360,000 -6.5% $307 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
04/30/2021 04/30/21 For Sale $384,900 0.0% $328 / Sq Ft
04/16/2021 04/16/21 Pending -- -- --
04/10/2021 04/10/21 Price Changed $384,900 -3.8% $328 / Sq Ft
01/19/2021 01/19/21 Price Changed $399,900 -2.5% $341 / Sq Ft
01/05/2021 01/05/21 For Sale $410,000 -- $350 / 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 $5,637 $155,760 $0 $0
2023 $5,340 $148,340 $0 $0
2022 $8,671 $186,740 $0 $0
2021 $3,305 $183,920 $0 $0
2020 $2,088 $181,680 $0 $0
2019 $3,163 $164,110 $0 $0
2018 $3,123 $157,360 $0 $0
2017 $3,073 $157,360 $0 $0
2016 $3,029 $139,320 $0 $0
2015 -- $116,030 $0 $0
2014 -- $112,100 $0 $0
2011 -- $107,460 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240020217

Realcomp

APN: 17-10-377-012