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$282,000

Beds
3
Baths
2.5
sq ft
1,672

2388 Dam Rd, West Branch, MI 48661

2388 Dam Rd

West Branch Twp, MI 48661

  • 67 days on market
    • Price drop $7,000↓
Rare opportunity on Flowage Lake. This property boasts plenty of living space with 3 bedrooms on the main level with additional rooms available for an office or den. A large deck overlooking 90 feet of water frontage, a 10'x18' shed with electric, a 2-car garage, and a fenced-in yard highlight the features outside the home. A Generac generator provides peace of mind against power disruptions, and all appliances are included which make this a great move-in-ready option or potentially a short-term rental. 5 minutes to I-75, 25 minutes to Houghton Lake, and 30 minutes to Lake Huron for any of those ''big lake'' adventures.

Details

Property type

Single Family Residence

Est. home value

$241,298

Lot size

0.31 acres

Price per sq ft

$169

Year built

1990

Annual property taxes

$2,787

Price History

10/15/2024
Realcomp

Realcomp #67024045680

Price change
$282,000
-2.42%
09/27/2024
Realcomp

Realcomp #67024045680

Price change
$289,000
-2.86%
08/30/2024
Realcomp

Realcomp #67024045680

Listed
$297,500
+32.28%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

West Branch-Rose City

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

$183,317
Asking price
$282,000
Closing costs (~8% of asking)
-$22,560
Est. remaining loan balance
-$76,123
Cash to seller
$183,317

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

Seller’s Loan History

Lender

Homecomings Financial Network Inc

Loan start date

March 2006

Original loan amount

$126,600

Est. remaining balance

$76,123

Interest rate

6.23%

Loan type

Not Provided, 30 year

Seller

Robert M Dust and Kathleen A Dust

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: 11/05/2024 at 4:15 PM

Listing updated: 10/15/2024 at 12:50 PM

Listed by: Eric Workman, GREENRIDGE Realty-Ludington Phone #: (231) 843-6868

MLS: Realcomp #67024045680

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