Affordable Geddes Lake

A scant 115 transfers make it onto our map from January and a few from December that weren’t recorded in time for last month’s map. Five of these went for more than $1 million, led by 5333 Pleasant Lake Rd. in Lodi Township, which sold for $3,692,000. The price included more than fifty acres with fenced horse pastures, barns and stables, a stocked pond, and a 15,601-square-foot home with seven bedrooms, six full baths, and two half baths.

If you’re shopping in the $3 million range, 3900 N. Dixboro, just south of Warren, is listed in the Ann Arbor Area Board of REALTORS(R) MLS at $3,670,000. Described as an Artisan Craftsman inspired by Frank Lloyd Wright and built with naturally mined, unaltered stone, its 5,155 square feet encompass four bedrooms and four-and-a-half baths, with solid cherry floors and trim, extensive glass, and artistically designed fixtures and furniture. It comes with sixteen acres, but sixty more are available for an additional $1,150,000.

For just 3.5 percent of the cost of those beauties, the new owner of 105 Ashley Mews #9 got 805 square feet of indoor living space, one bedroom, and one bath for $127,000. To get the deal, the buyer had to make no more than $56,000 as an individual–or no more than $64,000, if a couple. A condo that price in the heart of downtown seems magical, but earning a lower wage is more easily accomplished than qualifying for the loan to buy it. The demanding combination of income and lending limits was set by the city as a condition for approving the development.

Geddes Lake Condominiums put three units on this month’s map: 704 Peninsula sold for $252,500, 742 Watersedge sold for $223,500, and 763 Skyknob sold for $200,000. The community features an outdoor swimming pool, tennis courts, and walking paths. The easy access to any of the three area hospitals is appealing to med students and resident doctors. These recently sold two-bedroom, one-and-a-half baths with garages range between 1,152 and 1,260 square feet.

Built between 1968 and 1979 and designed by celebrated local architect David Osler, Geddes Lake homes tuck into the landscape, providing expansive views of the nature areas and ponds. These small gems have passed through three forms of ownership: originally a rental community, they were converted to a cooperative in the1980s and to condos in the 2000s.