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$460,000

Beds
1
Baths
1.0
sq ft
584

225 N Shore Dr Unit 1, South Haven, MI 49090

225 N Shore Dr Unit 1

South Haven, MI 49090

  • 68 days on market
This rare lakefront condo offers the ultimate escape, featuring a private walk-out sandy beach, a heated pool with ample seating, and a turnkey experience, perfect for personal use or as a lucrative investment opportunity. Beautifully decorated with fresh paint, an updated kitchen and bath, privacy mirrored windows, and a shiplap accent wall, this unit is ready to enjoy (furnishings negotiable). Enjoy the convenience of a nearby parking spot and additional storage near the laundry area. With a successful history as an Airbnb, this condo is ideal for those seeking a second home, especially in today's remote work environment. Imagine working with a view of Lake Michigan and taking lunch on the patio. With only 16 lakefront units in this community, opportunities like this are rare. Locatedjust a short distance from downtown South Haven, restaurants, shops, and more. Rental information is available upon request.

Details

Property type

Condominium

Est. home value

$427,412

Lot size

Unknown

Price per sq ft

$788

Year built

1966

Annual property taxes

$6,818

Monthly HOA fee

$336

Price History

08/28/2024
Realcomp

Realcomp #66024045313

Listed
$460,000
+15.29%
10/21/2022
Realcomp

Realcomp #69022024709

Sold
$399,000
+56.47%
09/11/2015
Realcomp

Realcomp #66015026392

Sold
$255,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

South Haven

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

$73,767
Asking price
$460,000
Closing costs (~8% of asking)
-$36,800
Est. remaining loan balance
-$349,433
Cash to seller
$73,767

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

Seller’s Loan History

Lender

Direct Mortgage Investors Inc

Loan start date

October 2022

Original loan amount

$359,100

Est. remaining balance

$349,433

Interest rate

5.66%

Loan type

New Conventional, 30 year

Seller

Gary Vallier and Heidi Vallier

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?

Status: Active

Tomo last checked: 11/05/2024 at 2:55 PM

Listing updated: 10/12/2024 at 2:17 PM

Listed by: Pamella M Knapp, RE/MAX Advantage Phone #: (269) 323-3900

MLS: Realcomp #66024045313

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