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$499,000

Beds
2
Baths
2.0
sq ft
1,263

16654 29 Mile Rd, Albion, MI 49224

16654 29 Mile Rd

Sheridan Twp, MI 49224

  • 153 days on market
    • Price drop $12,000↓
Price reduction! This enchanting 20-acre equestrian estate is a dream come true. Find peaceful living in a custom-built, 2-bedroom, 2-bath home brimming with character. The heart of the home, the family room boasts a 14-foot ceiling accented with rustic wood beams and a JTUL brand wood burner renowned for its Norwegian design and efficiency. The kitchen boasts plentiful counter space, a Viking range & new Samsung high-tech fridge. A convenient pantry offers additional storage for all your cooking needs. Upstairs is a spacious primary bedroom steeped in character and charm. A conveniently located second floor laundry room is just behind the primary bathroom door. Ride in style with a brand new horse barn featuring a spacious 60'x120' indoor arena and stable including 4 stalls and space fostorage or stall expansion. Three amazing ponds, two of which have Koi fish, grace the property. The large historic barn adds a touch of nostalgia and offers massive amounts of storage space. Relax and unwind on the screened-in gazebo porch featuring electricity and a ceiling fan. The foliage and grounds are extremely special boasting a stunning variety of mature trees, flowering shrubs, and vibrant perennials that create a breathtaking display throughout the seasons. Fragrant hyacinths and irises mingle with hostas, butterfly bushes, wisteria and hydrangeas. Flowering trees paint the landscape with their blooms, including dogwoods, lilacs, chestnuts, and magnolias. Japanese maples add a touch of fiery brilliance. Winding through the woods are a network of scenic riding and hiking trails. WANT MORE INFO? Click the Virtual Tour link which has much more detailed information, an enhanced photo gallery, a property video and interactive map! Please do not go to the property w/o an appointment.

Details

Property type

Single Family Residence

Est. home value

$235,109

Lot size

20.00 acres

Price per sq ft

$396

Year built

1992

Annual property taxes

$3,169

Price History

07/22/2024
Realcomp

Realcomp #81024017465

Price change
$499,000
-2.35%
06/13/2024
Realcomp

Realcomp #81024017465

Price change
$511,000
-2.67%
04/12/2024
Realcomp

Realcomp #81024017465

Listed
$525,000
+73.08%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Marshall/Albion

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

$314,684
Asking price
$499,000
Closing costs (~8% of asking)
-$39,920
Est. remaining loan balance
-$144,396
Cash to seller
$314,684

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

Seller’s Loan History

Lender

Michigan Educational Cu

Loan start date

October 2023

Original loan amount

$150,000

Est. remaining balance

$144,396

Interest rate

6.46%

Loan type

Not Provided, 15 year

Seller

Shawn Adam Deron and Catherine Deron

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: 09/13/2024 at 6:00 PM

Listing updated: 09/10/2024 at 11:54 AM

Listed by: Nichole McCaig, Phone #: (734) 864-4044

MLS: Realcomp #81024017465

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