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$635,000

Beds
5
Baths
3.5
sq ft
2,823

2551 Reeves Rd, Riley, MI 48041

2551 Reeves Rd

Riley Twp, MI 48041

  • 38 days on market
    • Price drop $13,000↓
PRICE REDUCTION on this Beautifully updated 5/bed, 3.1/bath Colonial with nearly 4500sq ft. of living space nestled on 10 acres! Whether you’re a hunter, fisherman, animal enthusiast or all three – this is the home for you! This property has 10 acres of land with a Fully-Stocked Pond and abundant wildlife, you will never run out of things to do – hunting, fishing, snowmobiling, hosting gatherings and enjoying the magnificent sunsets! What haven’t the homeowners done to this stunning home? NEW Roof, Furnace, Central Air, Sump Pump, HWH, and Generator Quick Connect (2022). NEW Retaining Wall and Deck Updated (2023) NEW Siding and (front) Windows , and NEW Paint throughout (2024). This home features a Large Kitchen that is great for entertaining, a Large Family Room with a Natural Wood-burning Fireplace, a huge Primary Bedroom Suite w/attached Full Bath w/Jetted bathtub and Walk-in shower, and large Walk-in closet with built-in shelving. 4 additional large Bedrooms (2 with Walk-in closets). First floor laundry with brand New Washer & Dryer. Fully finished walk-out basement with New Carpet and full Wet Bar, great for hosting! Let’s not overlook the huge 41x80 ft. Insulated Pole Barn equipped with Heat/AC and Heated Floors. Perfect for your own mechanic shop, home gym, entertaining and LOTS of storage! Memphis School bus picks up at driveway. Emmett, Capac and Armada school bus pick-up nearby. (Check with school district to confirm exact bus pick-up location). SELLERS WILL OFFER $15,000 SELLER CONCESSIONS TOWARDS BUYER'S CLOSING COSTS WITH A FULL-PRICE OFFER ONLY. **Hot Tub, Car Lift in pole barn, Cameras, and TV in Garage are ALL NEGOTIABLE. **Garage Freezer Excluded from Sale. Above-ground Pool has been removed. **1-Year Home Warranty included.

Details

Property type

Single Family Residence

Est. home value

$611,092

Lot size

10.01 acres

Price per sq ft

$225

Year built

1997

Annual property taxes

$9,311

Price History

11/17/2024
Realcomp

Realcomp #20240077914

Price change
$635,000
-2.01%
10/28/2024
Realcomp

Realcomp #20240077914

Price change
$648,000
-1.52%
10/15/2024
Realcomp

Realcomp #20240077914

Listed
$658,000
+27.77%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Capac

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

$119,134
Asking price
$635,000
Closing costs (~8% of asking)
-$50,800
Est. remaining loan balance
-$465,066
Cash to seller
$119,134

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

March 2022

Original loan amount

$489,250

Est. remaining balance

$465,066

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

Srujan Nelakuditi and Jamie Nelakuditi

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: 11/22/2024 at 8:30 PM

Listing updated: 11/17/2024 at 3:14 PM

Listed by: Brendan Seguin, Keller Williams Paint Creek Phone #: (248) 609-8000

MLS: Realcomp #20240077914

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