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$370,000

Beds
3
Baths
1.0
sq ft
1,800

25722 Rainbow Dr, Sturgis, MI 49091

25722 Rainbow Dr

Nottawa Twp, MI 49091

  • 97 days on market
    • Price drop $5,000↓
Outstanding view of all sports Sand Lake from this charming lake house. Nice size lot with 75 ft of sandy lakefront with cement seawall. Home features 3 bedrooms, full bathroom, open floor plan, 22x21 living room with vaulted ceiling, spacious kitchen with appliances included and large dining room. Very nice screened gazebo for relaxing and enjoying late summer evenings under the stars or to watch the sunrise and sunset. Nice large fenced level lot for outside activities. The attached 2 car garage is used half as storage and half was finished into extra sleeping area. It could be converted back to a full garage. Extra lot across the road is included and is the location of the drain field for the septic.

Details

Property type

Single Family Residence

Est. home value

$350,663

Lot size

0.26 acres

Price per sq ft

$206

Year built

1960

Annual property taxes

$6,327

Price History

10/30/2024
Realcomp

Realcomp #68024039382

Price change
$370,000
-1.33%
09/19/2024
Realcomp

Realcomp #68024039382

Price change
$375,000
-1.32%
09/09/2024
Realcomp

Realcomp #68024039382

Price change
$380,000
-0.52%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Centreville

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

$112,644
Asking price
$370,000
Closing costs (~8% of asking)
-$29,600
Est. remaining loan balance
-$227,756
Cash to seller
$112,644

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

Seller’s Loan History

Lender

Wintrust Mortgage

Loan start date

June 2022

Original loan amount

$236,000

Est. remaining balance

$227,756

Interest rate

5.11%

Loan type

New Conventional, 30 year

Seller

Kenneth Joseph Setlak

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 9:35 AM

Listing updated: 10/30/2024 at 10:00 AM

Listed by: Sue A Roach, RE/MAX Elite Group Phone #: (269) 651-2776

MLS: Realcomp #68024039382

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