2642 Lakeridge
Wixom, MI 48393
Single Family Residence · MLS # 20261074821 · Listing courtesy of Keller Williams Advantage
About this home
Investor and builder opportunity on Loon Lake! This two bedroom, one bathroom property offers lake views, access to all sports Loon Lake and a potentially splittable lot, creating exciting possibilities for redevelopment. This property makes for a great opportunity to bring your vision to life and take advantage of the desirable lake location!
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Wixom
Over the last 90 days, 31 homes sold in Wixom for a median of $365,000, about $180 per square foot, and the typical one went under contract in 9 days. This home is listed at $175,000, or $184 per square foot, about the same as the city median, and has been on the market 54 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Wixom sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $2,995 a year. A buyer who lives here would pay about $1,882 to $3,166 a year once the taxable value resets after the sale, at the 2025 homestead rate of 35.82 mills for Wixom City and Walled Lake schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Wixom
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