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$704,913Estimated home value

Beds
5
Baths
2.0
sq ft
1,256

172 Southern Shores Dr, Brooklyn, MI 49230

172 Southern Shores Dr

Columbia Twp, MI 49230

  • Off market
    • Price drop $30,000↓
Price reduced for quick sale--Amazing value on Lake Columbia for your own lake cottage or even use this as a vacation rental and let someone else pay for your lake home. Of course it would also be an ideal permanent year round residence and offers plenty of room for growth should you wish to expand it. Only one of a few homes on the lake that is not a part of the Lake Columbia Property Owners Association and their rules that prohibit vacation rentals. Nearly unlimited income potential from being one of the only VRBO's allowed on this awesome lake. Great location with big lake views and 80 ft of frontage. Super close to Michigan International Speedway and other attractions along with convenient access to I-94 and US-12 and only a short drive from Ann Arbor. Over 2200 sqft of living space with 5 bedrooms and 2 full baths. Breakdown consists of 3 bedrooms and 1 bath on main level and then another 2 bedrooms and 1 bath in the finished walkout. Plenty of space for the entire family or many guests too. Move in ready home with open floor plan and fully finished walkout basement. Amazing views from multi tiered deck which has covered awning for a shaded spot to chill out. Professionally installed stone hardscape with brick patio at waters edge will amaze you. Even has a small sandy beach area too. Dock and boat lift are negotiable and this lake cottage can come fully furnished too to make for a TURN KEY investment opportunity. Lake Columbia is a premier lake destination with many activities year round.

Details

Property type

Single Family Residence

Est. home value

$704,913

Lot size

0.31 acres

Price per sq ft

$486

Year built

1972

Annual property taxes

$11,516

Price History

09/16/2024
Realcomp

Realcomp #20240038014

Removed
$609,900
08/22/2024
Realcomp

Realcomp #20240038014

Price change
$609,900
-6.17%
06/02/2024
Realcomp

Realcomp #55023133504

Removed
$650,000
+1.58%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Columbia

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

$282,570
Asking price
$609,900
Closing costs (~8% of asking)
-$48,792
Est. remaining loan balance
-$278,538
Cash to seller
$282,570

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

April 2021

Original loan amount

$300,000

Est. remaining balance

$278,538

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Brett Costello

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: Off Market

Tomo last checked: 09/18/2024 at 12:20 AM

Listing updated: 08/27/2024 at 7:53 AM

Listed by: Alex Lengemann, Realty Volution.com Phone #: (810) 664-1819

MLS: Realcomp #20240038014

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