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$950,000

Beds
3
Baths
2.5
sq ft
2,182

2177 S Lakeshore Dr, Ludington, MI 49431

2177 S Lakeshore Dr

Pere Marquette Twp, MI 49431

  • 61 days on market
*OPEN HOUSE SUNDAY 9/8/24*. Welcome to "Endless Summer" with Views for miles from this beautiful year round home all redone, in a perfect setting with 156 ft of private Lake Michigan beach & over 3 wooded acres. Great place to live or perfect rental investment. Located 1 block from Pere Marquette winery, a mile from Pere Marquette Lake & Buttersville Park beach. This Ludington home features 3 bedrooms, 3 baths, tall ceiling basement for future expansion, Very large attached garage, lakeside deck & sunroom, hardwood floors and a sweet fieldstone fireplace. Plenty of room for outbuildings too. Truly a great retreat with easy access to All that Ludington has to offer. Listed on VRBO "Endless Summer" short term rental with excellent cash flow. Seller is related to listing agent

Details

Property type

Single Family Residence

Est. home value

$1,018,046

Lot size

3.14 acres

Price per sq ft

$436

Year built

1942

Annual property taxes

$8,303

Price History

07/18/2024
Realcomp

Realcomp #71024036967

Listed
$950,000
+65.22%
07/02/2014
Realcomp

Realcomp #71014015959

Sold
$575,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ludington

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

$584,079
Asking price
$950,000
Closing costs (~8% of asking)
-$76,000
Est. remaining loan balance
-$289,921
Cash to seller
$584,079

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

Seller’s Loan History

Lender

Macatawa Bank

Loan start date

July 2009

Original loan amount

$417,000

Est. remaining balance

$289,921

Interest rate

5.59%

Loan type

New Conventional, 30 year

Seller

Steven R Servaas

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: 09/18/2024 at 12:30 AM

Listing updated: 09/08/2024 at 2:21 PM

Listed by: Mark Wierenga, RE/MAX Lakeshore Phone #: (616) 842-2010

MLS: Realcomp #71024036967

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