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$209,000

Beds
3
Baths
3.0
sq ft
1,144

10378 N 7 Mile Rd, Lake City, MI 49651

10378 N 7 Mile Rd

Norwich Twp, MI 49651

  • 158 days on market
    • Price drop $30,000↓
Nestled amidst the serene hardwoods atop a picturesque hill, this large 2-bedroom home offers breathtaking views, especially enchanting during the autumn season. Situated on a 10 acre parcel, the property is a mere 200 yards from 10,000 acres of state land, boasting an expansive trail system-a haven for outdoor enthusiasts. Enjoy the best of both worlds with this property-pay taxes on 10 acres yet have 10,000 acres to explore for free! The location is incredibly tranquil, with minimal traffic noise, positioned just a half mile from the nearest pavement. Recently updated, this home features a new roof, furnace, flooring, entrance doors, light fixtures, fresh paint, new paver walkway, ensuring a modern and comfortable living experience. Additionally, the seller's are granting a $5000.00 appliance allowance given at closing. The walk-out basement presents a versatile space, ideal for additional living quarters. Complete with a full kitchen, gas fireplace, and a 3/4 bath, this space offers the potential to configure one or two bedrooms, thanks to its 5 egress windows.

Details

Property type

Manufactured On Land

Est. home value

$149,900

Lot size

10.00 acres

Price per sq ft

$183

Year built

2001

Price History

06/14/2024
Realcomp

Realcomp #78080016450

Price change
$209,000
-12.55%
05/17/2024
Realcomp

Realcomp #78080016450

Price change
$239,000
-4.02%
04/12/2024
Realcomp

Realcomp #78080016450

Listed
$249,000
+116.52%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Lake City

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$102,386
Asking price
$209,000
Closing costs (~8% of asking)
-$16,720
Est. remaining loan balance
-$89,894
Cash to seller
$102,386

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Mortgage Investors Corporation

Loan start date

September 2012

Original loan amount

$124,156

Est. remaining balance

$89,894

Interest rate

3.59%

Loan type

Not Provided, 30 year

Seller

Danile S Santoro and Lori M Santoro

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/18/2024 at 1:05 AM

Listing updated: 07/17/2024 at 1:44 PM

Listed by: Darby Schaub, Phone #: (231) 839-0077

MLS: Realcomp #78080016450

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