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$575,000

Beds
3
Baths
2.0
sq ft
1,770

104 Traverse St, Elk Rapids, MI 49629

104 Traverse St

Elk Rapids Twp, MI 49629

  • 35 days on market
Three bedroom, two bath home on rare double lot located just 1 block from downtown Elk Rapids. Perfect for those who crave the convenience of living in town with just a short walk to shops, restaurants, and the beach! This property offers a perfect blend of comfort and modern living. Home has original wood flooring, newer roof, fenced in back yard covering much of additional lot for your pets to run, and has been newly painted. The tall ceilings make every room feel spacious. Lot next to property is zoned mixed use.

Details

Property type

Single Family Residence

Est. home value

$379,083

Lot size

0.27 acres

Price per sq ft

$325

Year built

1920

Price History

09/30/2024
Realcomp

Realcomp #78080051159

Listed
$575,000
+283.33%
07/06/2015
Realcomp

Realcomp #78001149548

Sold
$150,000
-21.05%
11/26/2012
Realcomp

Realcomp #78001107960

Sold
$190,000
+22.58%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Elk Rapids

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

$419,893
Asking price
$575,000
Closing costs (~8% of asking)
-$46,000
Est. remaining loan balance
-$109,107
Cash to seller
$419,893

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

Seller’s Loan History

Lender

Alden State Bank

Loan start date

November 2012

Original loan amount

$152,000

Est. remaining balance

$109,107

Interest rate

3.39%

Loan type

Not Provided, 30 year

Seller

Suzanne H Gates

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: 11/05/2024 at 9:40 AM

Listing updated: 10/03/2024 at 6:54 AM

Listed by: Beth Olosky, Phone #: (231) 633-8942

MLS: Realcomp #78080051159

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