Sold
5716 Lancaster Lane, Commerce Twp, MI 48382
Sold on 05/14/2026 for$640,000
MLS # 20261019344 (Realcomp)
4 beds4 baths4,243 sqftBuilt 20020.35 acres
1 / 58
Listing Description
MULTIPLE OFFERS RECEIVED. HIGHEST & BEST DUE BY THURSDAY, APRIL 16TH AT 10:00AM. Beautiful canal front on all-sports Fox Lake. Open floor plan with separate dining room, living room and front office. Two story great room with gas fireplace. Hardwood flooring throughout main level. Primary suite overlooking water with large walk-in closet. Primary bath features soaking tub, dual sinks and separate shower. Convenient second floor laundry. Fully finished walk-out basement with second kitchen. Composite deck with gorgeous lake views. Three car attached garage with loads of storage. Newer air conditioner (2019). BRAND NEW roof (March 2026). City water and sewers. Sprinkler system with water supply from lake. Radon mitigation system. Invisible fence for pets. Award winning Walled Lake Schools. Includes refrigerator, microwave, stove, dishwasher, disposal, washer, dryer, basement refrigerator, basement microwave, boat dock and swing set. Excludes basement freezer.
Source: SparkMLS
About this home
Located in Commerce Township in Commerce Twp, this property offers 4-bedroom, 4-bath, 4,243 sq ft, with original construction dating to 2002.
This home sold for $640,000 (about $151/sq ft).
Annual property taxes run approximately $7,988 ($666/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms4
Living Area4,243 sqft
Lot Size0.35 acres
Year Built2002
Stories2
Location
CityCommerce Twp
MunicipalityCommerce Twp
Zip Code48382
CountyOakland
School DistrictWalled Lake
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementWalk-Out Access
Garage3 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Finished
Sale & Financing
Listed4/13/2026
Sold Date5/13/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$300 / Annually
IncludesLawn/Yard Care
Source: SparkMLS
Tax Information
Annual Tax$7,244
State Equalized Value$290,260
Taxable Value$219,080
Parcel #1703451105
Source: Public Records
Legal Description
T2N, R8E, SEC 3 CROSS CREEK OF COMMERCE NO 2 LOT 77 7-3-02 FR 022
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jillian N Moutafis
Real Estate One-Commerce
Frequently Asked Questions about 5716 Lancaster Lane, Commerce Twp, MI 48382
Which school district serves 5716 Lancaster Lane, Commerce Twp, MI 48382?
Per MLS# 20261019344, 5716 Lancaster Lane, Commerce Twp, MI 48382 is in the Walled Lake boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Walled Lake directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20261019344, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5716 Lancaster Lane, Commerce Twp, MI 48382?
Per public tax records, annual property taxes for this property are $7,244. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 5716 Lancaster Lane, Commerce Twp, MI 48382 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 5716 Lancaster Lane, Commerce Twp, MI 48382 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 5716 Lancaster Lane, Commerce Twp, MI 48382?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
$
Annual tax$7,988
Monthly$666
Millage rate27.5203 mills
Municipality: CHARTER TOWNSHIP OF COMMERCE
School district: HURON VALLEY SCHOOLS
County: Oakland
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$4,550
Principal & interest$3,859
Property taxes$666
HOA$25
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5716 Lancaster Lane, Commerce Twp, MI 48382
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Municipality
Commerce Township
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County
Oakland County
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