tomo logo

$974,000

Beds
5
Baths
4.0
sq ft
1,679

15 Wall St, Douglas, MI 49406

15 Wall St

Douglas Vllg, MI 49406

  • 76 days on market
Rare investment opportunity. Highly profitable vacation rental property located in the heart of downtown Douglas. Saugatuck/Douglas year over year have been named as one of the best lake towns in America. The property sits on an oversized prime corner lot just a stones throw from all that downtown Douglas has to offer. It contains an owners suite and multiple short term rental possibilities. It has undergone major renovations including new roof, windows, doors, tankless hot water, AC, flooring, lighting and much more. This turnkey property comes fully furnished and is ready to make income from day one. Sellers are willing to manage property if needed. This is a must see!

Details

Property type

Single Family Residence

Est. home value

$546,070

Lot size

0.24 acres

Price per sq ft

$581

Year built

1940

Annual property taxes

$7,984.97

Price History

08/27/2024
Realcomp

Realcomp #65024045050

Listed
$974,000
+254.18%
06/05/2017
Realcomp

Realcomp #71017013796

Sold
$275,000
+14.58%
07/23/2015
Realcomp

Realcomp #71015002842

Sold
$240,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Saugatuck

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

Royal Pacific Funding Corp

Loan start date

February 2019

Original loan amount

$231,000

Est. remaining balance

Not provided

Interest rate

7.05%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Robert E Longhini Jr and Eric A Bogue

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: 11/12/2024 at 4:20 PM

Listing updated: 08/27/2024 at 10:13 PM

Listed by: Anthony Moayyer, Phone #: (616) 350-3429

MLS: Realcomp #65024045050

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