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ABOUT CLARKSTON

The Village of Clarkston, established in 1832, is a historic gem in the middle of Oakland County. Independence Township, which encompasses this tiny village of only a half square mile, is home to about 900 people and is conveniently located near Interstate 75 and Dixie Highway.

MARKET INSIGHTS

CLARKSTON HOUSING MARKET TRENDS

What is the housing market like in Clarkston today?
In May 2023, Village of Clarkston home prices were up 46.2% compared to last year, selling for a median price of $475K. On average, homes in Village of Clarkston sell after 8 days on the market compared to 8 days last year. There were 7 homes sold in May this year, down from 9 last year.

How hot is the Clarkston housing market?

Village of Clarkston is very competitive. Homes sell in 16 days.

CLARKSTON LISTINGS & SALES

For Sale
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THINGS TO DO IN CLARKSTON

 

Clarkston's downtown area is located within a National Heritage Site and has a lovely main street filled with one-of-a-kind stores, restaurants, and businesses. In addition, Clarkston hosts several events throughout the year, such as concerts at Depot Park, parades, festivals, and an art market. The city's old architecture is a testament to Clarkston's rich past and lends the neighborhood a sense of tradition and refinement that endures.

The 36 square miles of Independence Township surrounding the charming town of Clarkston combine rural charm with urban amenities. Clarkston is home to several parks, including Depot Park, Deer Lake Beach, and Independence Oaks, as well as a county park.

FIND YOUR DREAM CLARKSTON CONDO FOR SALE

FIND YOUR DREAM CLARKSTON CONDO FOR SALE

Top 5 FAQs about Condos in Clarkston MI

Purchasing a condo in Clarkston, MI offers a unique blend of convenience and community living. Condos often provide a maintenance-free lifestyle, as exterior upkeep and landscaping are typically managed by the condo association. This allows residents to focus on enjoying their homes and the surrounding area. Additionally, many condo communities offer amenities such as fitness centers, pools, and social spaces, enhancing the overall living experience.

Condo fees, also known as homeowner association (HOA) fees, are monthly payments that cover various costs associated with shared community spaces and services. These fees contribute to the maintenance and upkeep of common areas like landscaping, security, and facilities. They also ensure that essential repairs and improvements are funded, protecting the value of your investment. It's important to review the condo association's financial health and regulations before purchasing to understand how the fees are allocated and whether they align with your budget and lifestyle.

When selecting a condo in Clarkston, consider factors such as location, amenities, and community atmosphere. Location plays a crucial role in your daily life, so prioritize proximity to work, schools, shopping, and recreation. Amenities can greatly enhance your living experience, so assess what's offered, such as fitness centers, clubhouses, and outdoor spaces. Community atmosphere is another important consideration; visit the condo complex at different times to get a feel for the environment and the residents. Finally, review the condo association's rules and regulations to ensure they align with your lifestyle preferences.

Financing a condo in Clarkston is similar to financing a single-family home. You can apply for a mortgage through a lender, taking into account your credit score, income, and down payment. However, some lenders have specific guidelines for condo financing. They may assess the condo association's financial stability, the percentage of owner-occupied units, and any pending litigation. Working with a local mortgage professional who has experience with condo financing can help you navigate these requirements and secure the best terms for your investment.

Yes, owning a condo in Clarkston can lead to building equity over time. While condos may appreciate in value like other real estate, their potential for equity growth is influenced by factors such as the overall real estate market, location, and the management of the condo association. Making regular mortgage payments and properly maintaining your condo can contribute to building equity. It's important to consult with a local real estate agent or financial advisor to assess the potential for equity growth in the specific condo complex you're considering and to understand how it fits into your long-term financial goals.

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