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Lake Orion Lakefront Real Estate Sales


Lake Orion Michigan Lakefront Real Estate Sales.

lake orion lakefront homes for sale lake orion michigan lakefront real estateLake Orion is a 470 acre all sports lake that is in both the Village of Lake Orion and the Township of Orion Michigan. Lake Orion is a public lake with a public access off Indianwood Rd, just west of M-24.

The housing on Lake Orion is a mixture of cottages, cottages that have been re-built into larger, year 'round houses, and newer homes. Like the rest of Lake Orion, the housing market on Lake Orion has been hit with its share of foreclosures and short sales and a general drop in housing prices overall.

In 2003 the lowest priced sale on Lake Orion was $225,000 (per the MLS). In 2009 prices ranged from $80,000 - $848,318. In 2010 sale prices have ranged from $69,100 - $370,000 and in 2011 sale prices ranged from $41,000-$456,000.

In 2009 there were 18 lakefronts sold on Lake Orion- 8 bank owned. In 2010 therelake orion michigan lakefront homes lake orion michigan lakefront real estate were 27 lakefronts sold (and closed per Realcomp II MLS) and 12 were bank owned, 3 short sales, and 12 normal sales. In 2010 there was only 1 sale under $100,000; 3 sales under $100,000 in 2009. On July 21, 2011 there were 6 sales pending on Lake Orion with asking prices ranging from $64,900 - $389,900- 4 of them short sale listings and no bank owned listings.

There were also 19 active listings with asking prices ranging from $86,000 - $1,745,000- 2 bank owned listings and only no short sale listings.

Lake Orion has a pretty interesting history with its start beginning in 1829, when a sawmill was built across the beginning of Paint Creek, which eventually transformed six small lakes into what we know today as Lake Orion.

lake orion michigan lakefront homes lake orion michigan lakefront real estateIn 1872 the railroad came to Lake Orion, making it easier for people to enjoy the beauty of Lake Orion. In 1874 a group of investors purchased what is now present day Park Island, and during the 1870's a dance hall was constructed on Park Island as well as a 100 foot long reception hall that was topped with an eighty foot high observation tower. At that time there were 4 daily train trips through Lake Orion bringing thousands of people.

The 1880's saw a second rail system moving north from Pontiac to Port Austin through Lake Orion.

The 1890's saw the purchase of Spencer's Island (present day Bellevue Island), thelake orion michigan lakefront homes lake orion michigan lakefront real estate construction of the Bellevue Hotel, and an auditorium that seated 2250 people.

The first Marine Postal Center was established in 1905, delivering mail to over three hundred cottages on the lake and islands. In 1911 Park Island changed ownership and was revamped as a light amusement center with a dance hall and some rides including a roller coaster.

lake orion michigan lakefront homes lake orion michigan lakefront real estateLake Orion's days as a resort town came to an end with the onset of the Great Depression. The automobile allowed people to travel further north and Lake Orion's summer population dropped steadily.

The 40's saw the real beginning of the area building more permanent residences. When the U.S. entered World War II many factories in Pontiac became munitions plant employing many Orion residents. St. Joseph Catholic Church was completed in 1940. Bald Mountain State Recreation Area began operation in 1947. Anderson Chevrolet-Buick-Pontiac dealership opened in 1948.

In the late 1980's or 1990 there was a Bassmaster Tournament on Lake Orion. 2010 saw the first annual Dragon Boat Race. It's rumored that the Purple Gang had a cottage back during their heyday during prohibition.

Jackie Hawley
Cell: (248) 736-6407
Toll Free: 1-800-401-1444

Jackie@JackieHawley.com

 


Lake Orion Lakefront Home Sales 2012


Address sq. ft. basement 2012 SP terms Sale Type previous SP previous SP
223 Lookout Ln 900 crawl $70,000 cash short sale 2006- $183,000  
1079 Arbroak Way 1686 unfin standard $195,000 conv bank owned 1999- $257,500  
               

Sales data from Realcomp II MLS and prices reflect the price after subtracting any seller concessions that were reported


Lake Orion Lakefront Home Sales 2011


Address sq. ft. basement 2011 SP terms Sale Type previous SP previous SP
450 Shorewood Ct 435 mich basement $41,000 cash bank owned 2000- $89,000 1993- $52,000
451 Heights Rd 1080 mich basement $41,000 cash bank owned    
452 Shorewood Ct 525 fin walk out $55,150 cash bank owned    
138 Shorewood Ct 784 crawl $77,500 cash bank owned    
778 Central Dr 1982 slab $85,000 cash bank owned 2003- $295,000  
344 Heights 900 crawl $96,000 LC   2005- $205,000 2004- $189,900
58 Victoria Island 1584 unfinished standard $110,000 LC      
326 Bellevue 1435 unfin standard $111,000 conv      
317 Park 1512 ? $120,000 conv bank owned 2004-$259,900 1999- $200,000
851 Fairview 968 ? $135,000 FHA short sale 2002- $190,000 1998- $130,000
411 North Shore 1477 unfin standard? $135,000 cash      
876 W Pine Tree 800 fin walk out $159,900 FHA      
350 Oak 1437 finished basement $167,000 FHA   2000- $196,500  
70 Highland 1400 fin walk out $172,000 FHA short sale 2002- $272,900  
409 Shady Oaks 2470 fin standard $195,000 FHA short sale 1999- $353,560 1997- $300,000
459 North Shore 1398 crawl $198,500 cash      
614 Detroit 1560 fin walk out $255,500 conv   2003- $304,900  
1255 Lake Shore  2974  part fin standard  $280,000  conv short sale  2003- $490,000   
131 Park Island 1296 fin walk out $309,900 conv short sale 2007- $428,750  
876 Heights 1947 part fin walk out $310,000 conv      
1329 Marina Pointe 3002 fin walk out $325,000 conv short sale 1996-$361,290  
495 Indianwood Rd 2236 1984 $329,50 conv   2000- $405,000  
1323 Lake Shore Blvd 2724 fin walk out $355,000 conv short sale 2005- $560,000  
1441 Marina Pointe 3017 fin walk out $357,000 conv   1996-$400,275  
1359 Lake Shore 3016 fin walk out $365,000 conv short sale $365,000 2003- $480,000
327 North Shore 1656 slab $375,000 conv   2008- $229,000  
189 S Andrews 2624 fin walk out $389,108 conv   2004- $635,000  
423 North Shore 2020 fin daylight $399,000 conv   2006- $386,000  
856 Island Pt 2323 fin walk out $425,000 conv   2004- $525,000 1996- $290,000
1200 Lakeshore Blvd 3009 fin walk out $435,000 conv   1998- $550,000  
825 W Pine Tree 2848 fin walk out $456,000 conv   1999- $319,900  

Sales data from Realcomp II MLS and prices reflect the price after subtracting any seller concessions that were reported

 


Lake Orion Lakefront Homes For Sale



Lake Orion Lakefront Real Estate Sales 2010


Address sq. ft. 2010 SP Terms Sale Type previous SP previous SP
24 Highland 1872 69,100 cash bank owned    
753 Central 1626 $100,000 cash bank owned     
526 Bellevue 1188 $101,0000 conv   1999- $168,000   
384 Shorewood 768 $109,610 FHA short sale    
90 Shorewood Ct 912 $124,000 conv   2009- $93,000 1998- $150,000
658 Victoria Island 960 $129,000 LC      
670 Fernhurst 1179 $137,525 FHA bank owned 2002- $294,000  
400 Bellevue  907  $139,900 cash   2001- $238,000  1999- $183,000 
740 King Cir 1941 $142,000 cash bank owned 2005- $390,000 1996- $190,000
232 S Broadway 3044 $145,000 cash bank owned    
231 Bellevue 1339 $146,100 cash bank owned 2003- $260,000  
458 Shorewood Ct 1304 $147,000 FHA bank owned 2003- $327,500 1999- $240,000
330 Pine Tree 1460 $155,000 FHA bank owned 1997- $245,000  
923 Pine Tree 1768 $159,390 cash bank owned 1997- $360,000  
803 Fairview 1297 $160,500 cash bank owned 2005- $270,000  
290 Bellevue 1600 $175,000 conv      
109 Indianwood 1764 $184,300 conv      
300 Pine Tree 1718 $190,000 FHA short sale    
512 Fernhurst Ct 981 $225,000 conv      
1410 Heights 2400 $230,000 conv bank owned    
1242 Heights 2110 $262,000 conv      
415 Shady Oaks 1528 $270,000 conv      
1275 Lake Shore Blvd 2466 $286,000 conv bank owned    
1356 Marina Pointe  3122  $289,900  FHA bank owned  1996- $378,281   
224 Park Island 1463 $330,000 conv   2009- $269,000  
47 Sheron  2036  $335,000  conv   2002- $430,000   
71 Crescent 3500 $350,000 cash short sale 2006- $550,000  
1285 Lake Shore  3146  $370,000 conv   2005- $555,000  2001- $510,000 

Sales data from Realcomp II MLS and prices reflect the price after subtracting any seller concessions that were reported

 


Sales in 2009

Addresssq. ft.2009 sale priceSale Typeprevious sale priceprevious sale price
523 Bellevue1020$80,000- Marchbank owned1998- $130,000  
90 Shorewood Ct 912 $92,395- May bank owned 1998- $150,000  
601 Central 917 $98,601- Dec bank owned   
110 Shorewood Ct 1234 $114,100- July    
220 Bellevue 1716 $132,200- Oct bank owned2000- $260,000  
587 Westpointe Ct 1282 $135,000- July    
426 North Shore 1774 $156,500- June bank owned 2003- $283,000  
588 Longpointe 1490 $165,000- April bank owned   
638 Buena Vista 2655 $165,375- Oct bank owned 2007- $439,000 2000- $350,000 
56 Highland 1984 $172,500- May bank owned 2005- $285,000 1997- $228,000 
600 Buena Vista 1911 $182,500- Aug    
341 Indianwood Rd 1139 $193,200- July    
461 Bellevue 1256 $221,500- Aug    
497 Bellevue 1768 $240,000- Nov  2008- $218,360 2006- $459,000 
910 Pine Tree 1249 $254,900- July    
589 Central 1932 $325,000- Sept  2001- $368,500 1998- $330,000 
1357 Marina Pointe 2446 $340,000- Sept  2000- $355,000 1995- $293,350 
320 Park Island Dr 3451 $848,318- Aug  2008- $750,000  
Sales data from Realcomp II MLS and prices reflect the price after subtracting any seller concessions that were reported


Sales in 2003

Addresssq. ft.2003 sale price
20 Highland1169$225,000
100 Shorewood Ct 1065 $239,900 
742 Central 2090 $247,200 
384 Bellevue 980 $255,000 
328 S Broadway 1346 $275,000 
449 Algene 1414 $275,000 
426 North Shore Dr 1900 $283,000 
754 King Circle1918$295,000
614 Detroit1560$304,900
839 W Pine Tree1820$319,900
559 Central1800$375,000
1112 Leidich2392$405,000
1016 Arbroak Way1600$464,900
142 Highland4224$465,000
596 Longpointe Dr1829$475,000
1359 Lake Shore Blvd3016$480,000
599 Central2160$480,000
1255 Lake Shore Blvd2935 $490,000 
864 Island Pointe2825$490,000
1239 Lake Shore Blvd4851$580,000
51 Sheron2000$610,000- July
51 Sheron2668$635,000- Dec
480 Cushing2135$715,000
Sales data from Realcomp II MLS and prices reflect the price after subtracting any seller concessions that were reported

51 Sheron is showing as sold twice in the same year with different square footage- I'm just reporting what shows in the MLS and can't verify the accuracy of the reporting. There could have been a mistake on one of the listings for 51 Sheron or there could have been an addition.


Selling- For the "Regular" or "Non Distressed" Seller


Below are the 5 most recent blog posts I wrote for the so called normal seller- basically not a short sale. Negotiating a short sale listing is vastly different than the normal sale- the goals are different. Because of these differences I wrote posts for the potential short sale seller and categorized them as "distressed owner/seller" and the posts for the normal seller are under the category "NON Distressed Seller." You can click this link for a full lists of posts for the non distressed home seller or go to my home seller blog at http://SellingRealEstateInSoutheastMichigan.Wordpress.com and click on the proper category on the right side of the home page.

My seller blog at http://SellingRealEstateInSoutheastMichigan.Wordpress.com is a pretty complete resource for all aspects of the home sale process in Oakland and Lapeer County Michigan with articles covering what to expect at our first meeting, how to price your home, how I market my listings, what happens, step by step, after accepting an offer and much more. 

Jackie Hawley
Keller Williams Realty
cell: (248)736-6407
Email:
Jackie@JackieHawley.com  


Southeast Michigan Real Estate- For Sellers » NON Distressed Seller
North Oakland County Homes- The Faster They Sell The Higher They Sell For
North Oakland County Homes- The Faster They Sell The Higher They Sell For The quick sales tend to be the appraisals I sweat out the most. A well priced house will sell quickly. The best prices I’ve gotten for sellers have been the quickest sales. Last year I listed a 4 bedroom colonial in Wyngate, [...]
What Sets Me Apart From Other Southeast Michigan Listing Agents?
What Sets Me Apart From Other Southeast Michigan Listing Agents? I’ve been showing houses quite a bit lately and have noticed some disturbing trends. Many of these trends are confined to foreclosure listings; or at least I thought the incomplete listings with no yard sign out front and no electricity on in the house was [...]
Why I don’t List Short Sale Listings
Why I don’t List Short Sale Listings The title is off a little- if you are a past client or a friend I will consider taking your short sale listing, but you have to play by my rules- no exception. And those rules will be the topic of another post. For the most part I [...]
The Benefits Of Selling Your Clarkston MI Home Now
I want to start out by stating this post IS NOT for the potential Clarkston short sale seller. Short sales, and what I like to call a normal sale, are 2 completely different animals. Most Clarkston MI short sale sellers NEED to sell and are upside down on their mortgage. The regular seller may or [...]
Price, Location and Exposure??? NOT!!! It’s ALL About PRICE!
Price, Location and Exposure??? NOT!!! It’s ALL About PRICE! If you are trying to sell your Clarkston MI home in today’s real estate market you have probably read that it’s all location location location. Or possibly price, location and exposure. That last one is one third correct. It’s all about price. Crappy location? Location can [...]

Buying a Short Sale- The Good The Bad and The Ugly


Below are the 5 most recent blog posts I wrote about buying short sale listings in Oakland and Lapeer Counties. For a complete list please go to my buyer blog at http://SoutheastMichiganRealEstate.Wordpress.com and click on the short sale category. Or simply click on this link.

My buyer blog at http://SoutheastMichiganRealEstate.Wordpress.com is a pretty complete resource for all aspects of purchasing a home in Oakland and Lapeer County Michigan with articles covering how to write an offer, the home buying process, how to figure your new taxes after purchase, market conditions for various areas including my predictions about future market conditions. And of course it is a pretty complete resource for all that is involved in buying a short sale or foreclosure listing.

Jackie Hawley

cell: (248)736-6407

Jackie@JackieHawley.com


Southeast Michigan Home Buyer Information » Short Sale
Buying a Clarkston Short Sale? What to Expect
Short sales in Clarkston Michigan – click here for the very basics including my attempt to define exactly what a short sale is and the basic steps involved. Below is more about what to expect throughout the short sale transaction. Short sale listings can be some of the best bargains available in Clarkston MI, but [...]
Making an Offer on an Oakland County Michigan Short Sale Listing? The Asking Price Means Nothing!
Making an Offer on an Oakland County Michigan Short Sale Listing? The Asking Price Means Nothing! First a quick run down about how the short sale process works. Owner lists a house with a real estate agent. The owner owes more on the house than he can sell it for and is either unable or [...]
Southeast Michigan Short Sales- Why You Should Avoid Many Of The So Called “Short Sale Specialists”
Southeast Michigan Short Sales- Why You Should Avoid Many Of The So Called “Short Sale Specialists” I will preface this post with a kind of anti-disclaimer: If you have to sell via short sale, I DO NOT WANT TO LIST YOUR HOUSE. If you are a past client or a friend, I will list your [...]
Am I Overpaying?
Am I Overpaying? Is the listing overpriced? What is the house worth? All questions, or variations of questions, most buyers ask when buying a house. They are valid questions with not easy or pat answer. The value of the home depends on your point of view. Webster defines “value” as “a fair return or equivalent [...]
Buying an Oakland County MI Short Sale Listing- What to Expect
Buying an Oakland County MI Short Sale Listing- What to Expect Between what I’ve heard on TV and radio, read and from conversations I’ve had with clients, potential clients, other agents, relatives, friends… I have learned that there are a whole host of definitions for the term “short sale.” And most of them not very [...]

Buying a "Normal" Home Listing - Not a Short Sale or Foreclosure


Below are the 5 most recent blog posts I wrote about buying "normal" or non-distressed home listings (not short sales or foreclosures) in Oakland and Lapeer Counties. For a complete list please go to my buyer blog at http://SoutheastMichiganRealEstate.Wordpress.com and click on the "buying NON distressed homes" category. Or simply click on this link for posts covering topics such as the purpose of the home inspection, what is an earnest money deposit, why you need title insurance, what are seller concessions, etc.

My buyer blog at http://SoutheastMichiganRealEstate.Wordpress.com is a pretty complete resource for all aspects of purchasing a home in Oakland and Lapeer County Michigan with articles covering how to write an offer, the home buying process, how to figure your new taxes after purchase, market conditions for various areas including my predictions about future market conditions. And of course it is a pretty complete resource for all that is involved in buying a short sale or foreclosure listing.

Jackie Hawley

cell: (248)736-6407

Jackie@JackieHawley.com


Southeast Michigan Home Buyer Information » buying NON distressed homes
The Job of a Buyer’s Agent in Southeast Michigan
The Job of a Buyer’s Agent in Southeast Michigan Many agents seem to have the idea that the primary job of a buyer’s agent is to get the seller to come down on his asking price. The more you can get the seller down, the better you’ve done your job. NOT!! Here in the North [...]
North Oakland County Homes- The Faster They Sell The Higher They Sell For
North Oakland County Homes- The Faster They Sell The Higher They Sell For The quick sales tend to be the appraisals I sweat out the most. A well priced house will sell quickly. The best prices I’ve gotten for sellers have been the quickest sales. Last year I listed a 4 bedroom colonial in Wyngate, [...]
What If The Clarkston MI House Doesn’t Appraise?
What If The Clarkston MI House Doesn’t Appraise? A common misconception is that the house must appraise for sale price and if it doesn’t then the seller has to come down to make up the difference. First of all everything is negotiable. When you make an offer on a house you can specify that the [...]
How Much Does The Interest Rate Really Affect Your Buying Power?
How Much Does The Interest Rate Really Affect Your Buying Power? I am going through old listings that couldn’t sell at the owner’s desired price and through files of home owners who didn’t try to sell after getting a market analysis (CMA) for their home because of the value at that time. The good news [...]
Clarkston Michigan Home Buyer- How to Calculate Your New Property Taxes
Clarkston Michigan Home Buyer- How to Calculate Your New Property Taxes Right now in Clarkston Michigan many houses are assessed higher than their true market value. Many home buyers are under the false assumption that they will only be stuck with that tax for the first year. That the new assessment will be half the [...]

lake orion michigan cma what is my lake orion home worth


Jackie Hawley



Jackie@JackieHawley.com
 

Jackie Hawley
 
Jackie Hawley
Email Jackie
 
Phone: (800)401-1444
Cell: (248)736-6407
Address: 6510 Town Center Dr Suite D
City: Clarkston
State: Michigan 48346
Country: United States

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