tomo logo

$375,000

Beds
3
Baths
2.0
sq ft
1,680

136 Lake St, Elk Rapids, MI 49629

136 Lake St

Elk Rapids Twp, MI 49629

  • 395 days on market
    • Price drop $20,000↓
Welcome to wonderful Elk Rapids! This 3 bed/2 bath home boasts an updated kitchen, newer furnace, hot water heater, flooring and paint throughout as well as a primary suite with his and hers walk-in closets. Just a half mile from downtown and under a 10 minute walk to Shorts Brewing Company, The Village Market, and the Bass Lake park this property is conventionally located to all the amenities Elk Rapids has to offer including a short 15 minute drive to the Traverse City Horse Shows. This property has been used as a short term rental and has great income potential. Short term rentals are allowed with a license in the township of Elk Rapids. Dont miss out on this opportunity!

Details

Property type

Manufactured On Land

Est. home value

$211,170

Lot size

0.38 acres

Price per sq ft

$224

Year built

1995

Price History

03/31/2024
Realcomp

Realcomp #78080011959

Removed
$375,000
03/29/2024
Realcomp

Realcomp #78080011959

Listed
$375,000
03/26/2024
Realcomp

Realcomp #78080011959

Listed
$375,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Elk Rapids

Seller’s Loan History

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

Lender

Members Credit Union

Loan start date

April 2013

Original loan amount

$45,000

Est. remaining balance

$0

Interest rate

3.51%

Loan type

Not Provided, 5 year

Seller

Margaret Knight

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 4:20 PM

Listing updated: 03/31/2024 at 8:15 AM

Listed by: Betsy R Hill, Phone #: (231) 778-1200

MLS: Realcomp #78080011959

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