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Active · MLS #20261084897
$215,000 2 bd2 ba950 sqft

1462 Silverbrook Ridge DR , Walled Lake, MI 48390

Est. $2,141/mo with current taxes · · See the breakdown

TypeCondominium
Built2001
Garage1 spaces
Price/sqft$226
On market10 days
HOA$370/mo

About this home

WHY RENT WHEN YOU CAN OWN? Discover the perfect blend of comfort, convenience, and affordability in this charming 2-bedroom, 2-bath condo! Start your mornings watching the sunrise through the large windows of your east-facing great room, filling the space with an abundance of natural light. In the evenings, unwind and enjoy beautiful sunsets from your private west-facing balcony off the primary suite. The bright, open living area features beautiful wood flooring that flows seamlessly into the kitchen, complete with granite countertops and stainless steel appliances. The spacious primary suite offers a private full bath and balcony, while the second bedroom features a large window providing plenty of natural light. The lower level offers additional storage, a convenient laundry area, and direct access to the attached garage, along with a versatile space perfect for a small home office. Additional highlights include newer carpeting, furnace (2026), and hot water heater. Ideally located just minutes from Wolverine Lake, pickleball courts, shopping, dining, and major freeways. Investment opportunity to be used as a rental.

Monthly payment

$2,141per month
Principal & interest$1,223
Property tax, current$260
Homeowners insurance$200
Mortgage insurance (PMI)$89
HOA dues$370

The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.

The facts

Price$215,000
Beds2
Baths2 full
Square feet950
TypeCondominium
SubdivisionCHANCELLOR PARK TWNHMS CONDO
CountyOakland
MLS #20261084897
Listed2026-10-23
Days on market10
Year built2001
Possession6–15 days after closing
Stories1 story, ground floor
BasementDaylight, Unfinished
HeatingForced air, Natural gas
FoundationBasement, Poured
Garage spaces1.0
Water / SewerCity water & sewer
Parcel number1723379039
Listing officeInternet Real Estate, Inc

Property taxes: the seller's bill vs. yours

This seller today You, the year after buying
Taxable value$75,190about $107,500
Yearly property tax$3,114about $4,407

Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $1,293 a year more than this seller pays. The assessor's state equalized value (SEV) is $89,040. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Walled Lake's 2025 homestead rate of 41.00 mills and assumes you claim the homestead exemption. See Walled Lake's full tax breakdown or run the uncapping calculator.

Location

IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-11-02T23:11+00:00; refreshed at least twice daily.

$215,000Est. $2,141/mo
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