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$2,600,000

Beds
5
Baths
3.5
sq ft
2,925

1571 N South Long Lake Rd, Traverse City, MI 49685

1571 N South Long Lake Rd

Long Lake Twp, MI 49685

  • 13 days on market
Welcome to your private estate on the shores of Long Lake! Nearly 200ft of Private, sandy beach front. Parcels this size, with this much privacy and lake frontage are very rare. This exquisite lakefront property offers the perfect blend of luxury, comfort, and outdoor adventure, making it ideal for those seeking a vibrant lifestyle. Nestled just 10 minutes from downtown Traverse City, this stunning residence boasts breathtaking views, exceptional amenities, and unparalleled access to year-round recreational activities!! Property Features: 5 Bedrooms, 3.5 Bathrooms: Spacious and elegantly designed, the perfect retreat for family and friends. Lake Frontage: Nearly 200 feet of Private, all sandy beach front!! The feel of an exclusive resort! Lake front has the perfect mix of shallow sandy bottom for the little ones, yet a deep enough drop off just 60 feet out to allow for storing surf boats etc. Gourmet Kitchen: Featuring Stainless appliances, custom countertops, and a large island, perfect for entertaining. Open-Concept Living Area: Bright and airy with floor-to-ceiling windows offering panoramic lake views. Master Suite: A private oasis with a spa-like bathroom, walk-in closet, with stunning lake views Finished Basement: Ideal for a game room, home theater, or fitness area. Dedicated hot tub room! Open the doors to the lake, and enjoy a soak year round! Expansive Deck: Perfect for outdoor dining, sunbathing, or simply enjoying the serene lake views. 2-Car Garage: Ample space for vehicles and storage. Even includes a sperate basketball / sport court.

Details

Property type

Single Family Residence

Est. home value

$1,541,769

Lot size

1.40 acres

Price per sq ft

$889

Year built

1972

Price History

06/21/2024
Realcomp

Realcomp #78080047396

Listed
$2,600,000
+181.08%
10/29/2019
Realcomp

Realcomp #78001186384

Sold
$925,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Traverse City

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

$2,231,279
Asking price
$2,600,000
Closing costs (~8% of asking)
-$208,000
Est. remaining loan balance
-$160,721
Cash to seller
$2,231,279

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

Seller’s Loan History

Lender

Mers

Loan start date

January 2013

Original loan amount

$220,000

Est. remaining balance

$160,721

Interest rate

3.34%

Loan type

Not Provided, 30 year

Seller

M Munawar Butt and Joanne M Butt

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: 07/04/2024 at 11:30 PM

Listing updated: 06/27/2024 at 4:03 PM

Listed by: William Kaupas, Phone #: (231) 392-9445

MLS: Realcomp #78080047396

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