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$1,700,000

Beds
5
Baths
3.5
sq ft
3,050

12551 Summit Dr, Sawyer, MI 49125

12551 Summit Dr

Chikaming Twp, MI 49125

  • 267 days on market
    • Price drop $225,000↓
Best of both worlds! Nestled in trees a top the Dune overlooking Lake Michigan and is part of Woodland Beach Association boasting 1000 feet of PRIVATE BEACH. WBA has less than 30 homes that share the beach. Enjoy eating dinner & entertaining guests on your screened porch with lake views. Expansive cathedral ceiling and stone fireplace makes for an amazing gathering spot. Solid OAK doors throughout. NEW Roof 2022 & HVAC 2018. All new carpet throughout. A few finishing touches & this home will be your style. Lake views from all levels are exactly what you dream of. The sleeping porch is perfect for relaxing in nature. Primary suite has walk/in cedar closet, & bath has jacuzzi. Lots of deck space! Friendly neighbors & community is calling you!

Details

Property type

Single Family Residence

Est. home value

$1,870,957

Lot size

0.34 acres

Price per sq ft

$558

Year built

1991

Annual property taxes

$5,547

Monthly HOA fee

$25

Price History

09/27/2024
Realcomp

Realcomp #69024007663

Price change
$1,700,000
-11.69%
04/02/2024
Realcomp

Realcomp #69024007663

Price change
$1,925,000
-1.28%
02/15/2024
Realcomp

Realcomp #69024007663

Listed
$1,950,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

River Valley

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

$1,355,078
Asking price
$1,700,000
Closing costs (~8% of asking)
-$136,000
Est. remaining loan balance
-$208,922
Cash to seller
$1,355,078

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

Seller’s Loan History

Lender

Chemical Bank

Loan start date

October 2012

Original loan amount

$290,000

Est. remaining balance

$208,922

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

James M Arnold

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: 11/08/2024 at 12:55 PM

Listing updated: 09/27/2024 at 4:51 PM

Listed by: Jason Sutton, @properties Phone #: (269) 469-0700

MLS: Realcomp #69024007663

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