tomo logo

$700,000

Beds
4
Baths
3.0
sq ft
1,672

25951 Lantern Cir, Sturgis, MI 49091

25951 Lantern Cir

Nottawa Twp, MI 49091

  • 100 days on market
    • Price drop $50,000↓
Discover serene lake living at its finest with this exceptional home on Lake Templene. Boasting 200 feet of pristine water frontage on a sprawling 900-acre lake, this property offers unmatched beauty and tranquility. Over 3,600 sq. ft. of meticulously designed space spread across three levels. Home offers 4 bedrooms and 3 full bathrooms. Lower level has a second kitchen, rec room and private theater room ideal for movie nights and gatherings. Outside you have decks across the entire lake side of the house to enjoy amazing sunsets. Call Jeffrey A Penick at 269-420-4756 today before this house is Sold.

Details

Property type

Single Family Residence

Est. home value

$490,545

Lot size

0.74 acres

Price per sq ft

$419

Year built

1987

Annual property taxes

$4,504.6

Price History

10/29/2024
Realcomp

Realcomp #64024042459

Price change
$700,000
-6.67%
09/30/2024
Realcomp

Realcomp #64024042459

Price change
$750,000
-3.23%
09/13/2024
Realcomp

Realcomp #64024042459

Price change
$775,000
-1.9%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Nottawa

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

$417,440
Asking price
$700,000
Closing costs (~8% of asking)
-$56,000
Est. remaining loan balance
-$226,560
Cash to seller
$417,440

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

Seller’s Loan History

Lender

Fifth Third Mortgage Michigan Llc

Loan start date

November 2016

Original loan amount

$274,928

Est. remaining balance

$226,560

Interest rate

3.42%

Loan type

FHA, 30 year

Seller

John Reading and Donna Marie Brown

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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22025 Airline Rd, Sturgis, MI 49091

Status: Active

Tomo last checked: 11/22/2024 at 8:20 PM

Listing updated: 10/29/2024 at 3:45 PM

Listed by: Jeffrey Penick, RE/MAX Perrett Associates Phone #: (269) 968-6101

MLS: Realcomp #64024042459

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