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$1,099,000

Beds
4
Baths
3.0
sq ft
1,700

11051 Elmwood Dr, New Buffalo, MI 49117

11051 Elmwood Dr

New Buffalo Twp, MI 49117

  • 154 days on market
    • Price drop $50,000↓
Classic craftsman cottage with a rare ADU (accessory dwelling unit) in the heart of Harbor Country. STR permitted. Includes access to private Lake Michigan beach via membership in the Sturgeon beach home owner's association. The property has recently been updated by current owner including: A/C, driveway, professionally designed kitchen with stainless appliances, interior paint, stairway accent walls, landscaping and hand-built stone steps. Spend your evening sitting on the classic screened in front porch or listening to the waves while enjoying a fire on the brick patio in the back yard. This property checks all the boxes for your Michigan home away from home. Halfway between the downtown areas of New Buffalo and Union Pier just off Marquette. Low association fees of $750 annually

Details

Property type

Single Family Residence

Est. home value

$916,628

Lot size

5,227 sq ft

Price per sq ft

$647

Year built

1925

Annual property taxes

$12,896

Monthly HOA fee

$41.67

Price History

05/31/2024
Realcomp

Realcomp #69024018273

Price change
$1,099,000
-4.35%
04/17/2024
Realcomp

Realcomp #69024018273

Listed
$1,149,000
+32.07%
08/19/2022
Realcomp

Realcomp #69022025947

Sold
$870,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

New Buffalo

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

$382,393
Asking price
$1,099,000
Closing costs (~8% of asking)
-$87,920
Est. remaining loan balance
-$628,687
Cash to seller
$382,393

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

Seller’s Loan History

Lender

United Fcu

Loan start date

August 2022

Original loan amount

$695,000

Est. remaining balance

$628,687

Interest rate

4.83%

Loan type

New Conventional, 15 year

Seller

Matthew Eugster and Emily Eugster

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 9:55 PM

Listing updated: 09/04/2024 at 4:51 PM

Listed by: Dayna N Black Kozminski, @properties Phone #: (269) 469-0700

MLS: Realcomp #69024018273

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