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$158,000

Beds
2
Baths
1.0
sq ft
1,325

125 Lincoln St, Montrose, MI 48457

125 Lincoln St

Montrose, MI 48457

  • 50 days on market
    • Price drop $6,000↓
Welcome to this charming 2-bedroom, 1-bathroom, two-story home nestled in the heart of downtown Montrose. With fresh paint throughout, this inviting home offers a spacious layout that includes a cozy sunroom, perfect for relaxing with a morning coffee or creating a vibrant indoor garden. Upstairs, you'll find a versatile loft area, ideal for a home office or creative space. The convenience of a dedicated laundry room adds to the home's functionality. Outside, enjoy the fenced-in backyard, perfect for privacy and outdoor gatherings, plus a one-car garage that provides additional storage options. Don't miss this gem in the vibrant downtown Montrose area! THIS ADDRESS QUALIFIES FOR A ZERO (0%) DOWN HOME LOAN FROM THE USDA!

Details

Property type

Single Family Residence

Est. home value

$126,288

Lot size

0.23 acres

Price per sq ft

$120

Year built

1920

Annual property taxes

$2,647

Price History

12/08/2024
Realcomp

Realcomp #20240082861

Price change
$158,000
-3.66%
12/03/2024
Realcomp

Realcomp #20240082861

Price change
$164,000
-2.96%
11/02/2024
Realcomp

Realcomp #20240082861

Listed
$169,000
+116.67%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Montrose

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

$75,298
Asking price
$158,000
Closing costs (~8% of asking)
-$12,640
Est. remaining loan balance
-$70,062
Cash to seller
$75,298

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

July 2021

Original loan amount

$75,660

Est. remaining balance

$70,062

Interest rate

3%

Loan type

New Conventional, 30 year

Seller

James D Nowak Iii

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: 12/23/2024 at 4:05 AM

Listing updated: 12/08/2024 at 9:50 AM

Listed by: Nicole Rumbold, Hand Map Real Estate LLC Phone #: (810) 373-9517

MLS: Realcomp #20240082861

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