tomo logo

$680,000

Beds
5
Baths
6.0
sq ft
2,325

1380 Pratt Dr, Lapeer, MI 48446

1380 Pratt Dr

Elba Twp, MI 48446

  • 142 days on market
    • Price drop $19,000↓
Stunning contemporary home with sauna on Lapeer's Lake Nepessing. Relax in Scandinavian style in this five-bedroom, six-bathroom, double-kitchen home in Elba Township near Lapeer Country Club. Enjoy private-dock access to all-sports Lake Nepessing and sunset views from its two-story outdoor deck. The striking, light-flooded great room with its wraparound interior balcony also offers spectacular all-season vistas of this small, clubby Lapeer County resort enclave. A spacious third-floor loft area ideal for floor-through primary bedroom, home office, or playroom. This wood-clad chalet was built in 1990 but modernized in 2024 with all-new appliances throughout, including upstairs-downstairs laundry facilities. Glass-doored sauna room has been updated and both kitchens boast new reverse osmosis water systems. Other amenities include central air and brick-paved staircase to 70+ feet of shoreline frontage on Lake Nepessing.

Details

Property type

Single Family Residence

Est. home value

$576,501

Lot size

6,534 sq ft

Price per sq ft

$293

Year built

1990

Annual property taxes

$8,373

Price History

08/16/2024
Realcomp

Realcomp #20240047373

Price change
$680,000
-2.72%
07/22/2024
Realcomp

Realcomp #20240047373

Price change
$699,000
-3.59%
07/02/2024
Realcomp

Realcomp #20240047373

Listed
$725,000
+45%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Lapeer

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

$184,743
Asking price
$680,000
Closing costs (~8% of asking)
-$54,400
Est. remaining loan balance
-$440,857
Cash to seller
$184,743

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

Seller’s Loan History

Lender

The Huntington National Bank

Loan start date

March 2023

Original loan amount

$450,000

Est. remaining balance

$440,857

Interest rate

6.15%

Loan type

New Conventional, 30 year

Seller

Jesse Cory and Roula David

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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231 Sawdust Corners Rd, Lapeer, MI 48446

Status: Active

Tomo last checked: 11/22/2024 at 3:15 PM

Listing updated: 08/16/2024 at 9:23 AM

Listed by: Randall S Fogelman, O'Connor Realty Detroit, LLC Phone #: (313) 963-9891

MLS: Realcomp #20240047373

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