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!
Sold for $400,000
$400,000
8512 Cascade St, Commerce Township, MI 48382
2beds
1,104sqft
Single Family Residence
Built in 1952
4,356 Square Feet Lot
$390,700 Zestimate®
$362/sqft
$1,827 Estimated rent
Home value
$390,700
$356,000 - $430,000
$1,827/mo
Zestimate® history
Owner options
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$1,827/mo
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$1,827/mo
Rent Zestimate®
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$2,629/mo
Est. payment
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$2,629/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Dylan Tent 248-990-0356,
Signature Sotheby's International Realty Nvl
Bought with:
Jeffrey S Thomas, 6502139438
J Thomas & Associates Realty
Source: Realcomp II,MLS#: 20240068117
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Free Standing Gas Oven, Free Standing Refrigerator, Washer
Features
- Basement: Unfinished
- Has fireplace: Yes
- Fireplace features: Gas, Great Room
Interior area
- Total interior livable area: 1,104 sqft
- Finished area above ground: 1,104
Property
Parking
- Parking features: No Garage, On Street, Paved
Features
- Levels: One
- Stories: 1
- Entry location: GroundLevel
- Patio & porch: Deck
- Pool features: None
- On waterfront: Yes
- Waterfront features: All Sports Lake, Direct Water Frontage, Dock Facilities, Lake Front, Lake Privileges, Waterfront
- Body of water: Cooley Lake
Lot
- Size: 4,356 Square Feet
- Dimensions: 40 x 105 x 40 x 105
- Features: Water View
Details
- Parcel number: 1236377003
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Block
- Foundation: Basement, Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1952
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Subdivision: RUSSELL BEACH
HOA
- Has HOA: No
Location
- Region: Commerce Township
Financial & listing details
- Price per square foot: $362/sqft
- Tax assessed value: $130,960
- Annual tax amount: $6,445
- Date on market: 9/17/2024
- Cumulative days on market: 24 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 10/28/2024 | Sold | $400,000-4.8%$362/sqft |
Source:  Realcomp II #20240068117 Report a problem | ||
| 10/11/2024 | Pending sale | $420,069$380/sqft |
Source: Realcomp II #20240068117 Report a problem | ||
| 9/17/2024 | Listed for sale | $420,069+75%$380/sqft |
Source: Realcomp II #20240068117 Report a problem | ||
| 10/29/2019 | Listing removed | $2,200$2/sqft |
Source: Signature Sotheby's International Realty #219090333 Report a problem | ||
| 9/3/2019 | Listed for rent | $2,200$2/sqft |
Source: Signature Sotheby's International Realty #219090333 Report a problem | ||
| 7/31/2019 | Sold | $240,000$217/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,802 +6.4% | $140,560 +2.9% |
| 2024 | $6,395 +11.3% | $136,560 +9.5% |
| 2023 | $5,747 +12.2% | $124,730 +8% |
| 2022 | $5,123 -5.4% | $115,510 +3.7% |
| 2021 | $5,414 | $111,420 +7.7% |
| 2020 | -- | $103,420 +23.8% |
| 2019 | $2,983 -0.6% | $83,510 +14.1% |
| 2018 | $2,999 +0.2% | $73,180 |
| 2017 | $2,994 | $73,180 +4.6% |
| 2016 | $2,994 | $69,960 +3.5% |
| 2015 | -- | $67,570 +13.5% |
| 2014 | -- | $59,520 -28.5% |
| 2011 | -- | $83,240 -13.8% |
| 2010 | $2,862 +9.3% | $96,570 +1.4% |
| 2009 | $2,618 | $95,220 |
Find assessor info on the county website
Neighborhood: 48382
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Nearby schools
GreatSchools rating
- 7/10Keith Elementary SchoolGrades: K-5Distance: 1.6 mi
- 8/10Clifford H. Smart Middle SchoolGrades: 6-8Distance: 1.4 mi
- 8/10Walled Lake Northern High SchoolGrades: 9-12Distance: 2.4 mi
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Estimated market value
$390,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$390,700
- Michigan
- Oakland County
- Commerce Township
- 48382
- 8512 Cascade St
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- 48382 Real Estate
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- Commerce Township Home Values
- Commerce Township Real Estate Agents
- Commerce Township Refinance
- Commerce Township Mortgage Rates
