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$190,000

Beds
3
Baths
2.0
sq ft
1,054

313 Lake St, Buchanan, MI 49107

313 Lake St

Buchanan, MI 49107

  • 3 days on market
Don't miss this Craftsman style Buchanan bungalow home. The open concept living/dining room and kitchen is detailed with original hardwood floors, beautiful wood trim doors and built in cabinets. Kitchen features a breakfast bar, stainless steel appliances, updated cabinets, and countertops. This spacious 2 bed 2 bath home offers recent updates to furnace, A/C, water heater, electrical panel, roof, appliances, and privacy fence. Basement includes additional full bath, laundry, workshop area and office/bedroom. Open attic is easily accessible for storage or finish for bonus space. Detached garage with fenced in backyard provides plenty of outdoor private space or relax on the enclosed front porch. Short distance to Kathryn Park and downtown Buchanan. Home qualifies for Buchanan Promise.

Details

Property type

Single Family Residence

Est. home value

$144,987

Lot size

0.28 acres

Price per sq ft

$181

Year built

1918

Annual property taxes

$1,954

Price History

11/01/2024
Realcomp

Realcomp #69024057418

Listed
$190,000
+146.75%
08/06/2021
Realcomp

Realcomp #69021020058

Sold
$77,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Buchanan

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

$117,572
Asking price
$190,000
Closing costs (~8% of asking)
-$15,200
Est. remaining loan balance
-$57,228
Cash to seller
$117,572

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

Seller’s Loan History

Lender

United Fcu

Loan start date

August 2021

Original loan amount

$61,600

Est. remaining balance

$57,228

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

Douglas Summers and Johanna Summers

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?

Status: Active

Tomo last checked: 11/05/2024 at 6:25 AM

Listing updated: 11/01/2024 at 12:50 PM

Listed by: Skene Team, RE/MAX Modern Realty, Inc. Phone #: (269) 683-2211

MLS: Realcomp #69024057418

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