1460 E Pond Drive Unit #11, Okemos, MI 48864

Property Description

Rare First-Floor 3-Bedroom, 2-Bath Co-Op with Pond Views! One of the very few 3 bedroom units available, this desirable first-floor home offers convenient single-level living, a private walk-out patio, and beautiful views of the pond. The kitchen overlooks the dining area and spacious, open-concept living room, creating a comfortable and functional layout for everyday living. A sliding glass door provides direct access to the private patio, where you can relax and enjoy the peaceful pond setting. The primary bedroom features a private en-suite bath and a large walk-in closet. A full-size washer and dryer are conveniently located inside the unit near the front entry. Additional features include exterior storage off the patio, two assigned parking spaces including one covered carport and abundant guest parking. The monthly co-op fee is $836, which includes the assumable blanket mortgage payment, property taxes, exterior maintenance, fire insurance, liability insurance, lawn care, snow removal, sewer, water, trash/recycling, and Daniel's Drain Assessment. Monthly payment breakdown: Maintenance: $433.12, Assumable Mortgage: $272, Property Tax: $95, Drain Assessment: $35.78. Co-op purchase structure: Buyer will pay Seller the cash difference between the agreed-upon purchase price and the outstanding balance of the assumable blanket mortgage, which is approximately $18,775 as of 9/1/2026. At an asking price of $64,900, the estimated cash due from buyer at time of close would be $64,900 (or accepted offer price) minus the outstanding assumable mortgage balance $18,775 = $46,125 cash from buyer.