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$599,000

Beds
3
Baths
1.0
sq ft
2,258

16740 Glassman Rd, Union Pier, MI 49129

16740 Glassman Rd

New Buffalo Twp, MI 49129

  • 90 days on market
    • Price drop $50,000↓
Discover the incredible potential of this charming property, set on 5 scenic acres along the Galien River. Located in Union Pier, it's just minutes from the stunning beaches of Lake Michigan and the renowned local wine trails. This 3-bedroom, 1-bathroom home offers a unique opportunity: renovate to restore its original charm, or build your dream home on this expansive lot. The property features a spacious 2 1/2 car heated garage, additional sheds, and a 30' x 48' heated workshop--ideal for hobbies, storage, or creating your perfect hangout space. This is a rare find, waiting for someone with the vision to bring new life to this property.

Details

Property type

Single Family Residence

Est. home value

$684,863

Lot size

5.06 acres

Price per sq ft

$266

Year built

1900

Annual property taxes

$4,418

Price History

10/13/2024
Realcomp

Realcomp #69024041479

Price change
$599,000
-7.7%
08/21/2024
Realcomp

Realcomp #69024041479

Price change
$649,000
-7.15%
08/09/2024
Realcomp

Realcomp #69024041479

Listed
$699,000
+86.4%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

New Buffalo

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

$244,062
Asking price
$599,000
Closing costs (~8% of asking)
-$47,920
Est. remaining loan balance
-$307,018
Cash to seller
$244,062

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

August 2020

Original loan amount

$337,500

Est. remaining balance

$307,018

Interest rate

3.07%

Loan type

New Conventional, 30 year

Seller

Walid Matariyeh and Layla Matariyeh

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: 11/08/2024 at 8:35 AM

Listing updated: 10/15/2024 at 12:30 PM

Listed by: Nate Paulus, Phone #: (574) 276-6533

MLS: Realcomp #69024041479

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