1215 Stoney Creek Road

Oakland Twp, MI
$ 1,795,000 Beds 0 Baths 0 Virtual Tour
Monthly Estimate* How much can I afford?

Exceptional 40 acre development site, with multiple walkout elevations and desirable pond sites in sought after Rochester School District on paved Stoney Creek Road. Natural gas at road. Across from new subdivision development. Myth Golf Course is just across the road. Township density for this property is 1.4-acre low residential density which adds great development potential. Currently has a 3 bed, 1.5 bath home on the property vacant with tenants. Rented for $2,000 per month and tenants can stay or leave with 30 day notice. Also has a 5 year renewable lease from Verizon, for $1,700 per month providing a continuous cash flow (value with a cap rate of 6% is $283,000). Rare investment opportunity for development, short term residential lease and long-term cash flow from Verizon lease. Both leases provide owner with $44,000 per year. Unlimited options!

Land

  • Price
  • $ 1,795,000
  • Lot Size
  • 39.95 Acres
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Half Bathrooms
  • 0
  • City, Zip
  • Oakland Twp
  • Taxes
  • $ 8952
  • County
  • OAKLAND
  • Style
  • Vacant Land
  • Area
  • Oakland Twp
  • MLS#
  • 2210055787
  • Zip
  • 48363
Listing Provided by: Century 21 Sakmar & Associates
Data Source: RealComp - 83 - MI

Features

General

Cumulative Days on Market 137
Listing Agent Public Id 333665
Ownership Status Private Owned, Short Sale - No
Parcel Number 1016200002
Possession At Close
Property Type Vacant Land
School District Rochester
Sewer Septic-Existing
Short Sale No
Status Active
Terms Offered Cash, Conventional
Transaction Type Sale
Zoning Residential

Exterior Features

Frontage Feet 623
Lot Size Area 39.95
Lot Size Dimensions 623x2773x623x2814
Water Source Well-Existing

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the St Clair Shores, MI office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/14/2021 Listed $1,795,000

Property vs Zip Code Average in 48363

Price
AVG $690K
$1.8M
Taxes
AVG $3,414
$8,952
Visits
AVG 149
167

Map

Areas That We Cover

1215 Stoney Creek Road Oakland Twp, MI is a Single Family Home for sale at $1795000 and a lot size of 39.95 Acres Acre(s). 1215 Stoney Creek Road Oakland Twp has 0 bedrooms, 0 baths . The property's zip code is 48363 which is in Oakland Twp, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.