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$239,900

Beds
3
Baths
2.0
sq ft
1,224

3018 Phelps Lake Rd, Mayville, MI 48744

3018 Phelps Lake Rd

Mayville Vlg, MI 48744

  • 137 days on market
    • Price drop $20,000↓
    • Open house Sep 21
Come home and relax, sit out on the Custom Built Deck with two built on picnic tables surrounded by trees and overlooking the lake. It has it's own dock for your boats. Inside Florida room with again, a perfect view of the lake, or watch the wild life. The 2.5 car Garage was Built in 2006 with tall ceilings, The owners have installed a New AC Unit in 2021, Generator Plug on the porch & 30 amp Plug in the garage for convenience. Installed a new Walk-in shower in 2023. Had the duct work cleaned in 2022 and Installed a Carbon Monoxide Unit. Windows have have extended warranty.

Details

Property type

Manufactured On Land

Est. home value

$46,201

Lot size

0.50 acres

Price per sq ft

$196

Year built

1990

Annual property taxes

$2,341

Price History

06/18/2024
Realcomp

Realcomp #20240029934

Price change
$239,900
-7.7%
05/04/2024
Realcomp

Realcomp #20240029934

Listed
$259,900
+62.54%
04/12/2021
Realcomp

Realcomp #2200074424

Sold
$159,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Mayville

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

$172,586
Asking price
$239,900
Closing costs (~8% of asking)
-$19,192
Est. remaining loan balance
-$48,122
Cash to seller
$172,586

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

Seller’s Loan History

Lender

Security Cu

Loan start date

April 2021

Original loan amount

$60,000

Est. remaining balance

$48,122

Interest rate

2.34%

Loan type

New Conventional, 15 year

Seller

George Riggen and Debra Riggen

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: 09/19/2024 at 6:10 AM

Listing updated: 09/13/2024 at 11:31 AM

Listed by: Sherril A Hengy, Coldwell Banker Professionals Phone #: (810) 664-8524

MLS: Realcomp #20240029934

Realcomp logo

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