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$599,900

Beds
5
Baths
3.5
sq ft
2,509

3920 Five Lakes Rd, North Branch, MI 48461

3920 Five Lakes Rd

Arcadia Twp, MI 48461

  • 47 days on market
    • Price drop $15,100↓
This stunning custom-built brick ranch sits on just over 10 acres of land with tons of privacy! The home offers 2509 Square ft of living space with an additional 1,500 sq ft of finished basement space! Three bedrooms and 2.5 baths are located on the main floor. Two additional bedrooms and 1 full bath have been added to the newly remodeled lower level. The home features solid oak floors and doors along with large rear windows that allow an abundance of natural light in. 2x6 walls throughout the home for better efficiency along with 14-foot cathedral ceilings in the family room. Make your way down the hall into the spacious master bedroom which includes a jetted tub, walk-in shower and a walk-in closet. The family room has a natural gas fireplace with a stone hearth and gorgeous views of the backyard. The kitchen area has an abundance of solid oak cabinet space with all appliances included. Downstairs features the newly remodeled basement for additional entertainment space. This area features a wet bar and 85-inch flat screen tv. The walkout basement will lead you into patio area where you can enjoy the private scenery with lots of wildlife. The attached 2 car garage is heated with a loft area above. Outside you'll find the 48'x64' Walters pole barn with 12ft ceilings that is fully insulated and installed with a heating & cooling system, gas/water line & 220- amp electric. The home has many amenities such as natural gas and high-speed internet. Invisible fence was also installed in 2022. Over 80% of the property is fully wooded. Located just north of Kings Mill Rd. Less than 20 minutes to Lapeer or Imlay City! *Professional Photos to be uploaded by Sunday August 4th*

Details

Property type

Single Family Residence

Est. home value

$559,321

Lot size

10.10 acres

Price per sq ft

$240

Year built

2003

Annual property taxes

$4,216

Price History

09/10/2024
Realcomp

Realcomp #20240056686

Price change
$599,900
-2.46%
08/02/2024
Realcomp

Realcomp #20240056686

Listed
$615,000
+6.03%
03/31/2023
Realcomp

Realcomp #5050102682

Sold
$580,000
+46.45%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Lapeer

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

$355,354
Asking price
$599,900
Closing costs (~8% of asking)
-$47,992
Est. remaining loan balance
-$196,554
Cash to seller
$355,354

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

Seller’s Loan History

Lender

Mortgage 1 Inc

Loan start date

March 2023

Original loan amount

$200,000

Est. remaining balance

$196,554

Interest rate

6.12%

Loan type

New Conventional, 30 year

Seller

Jamie Alexandra Rodd

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 5:50 AM

Listing updated: 09/10/2024 at 10:21 AM

Listed by: Brandon K Rowley, Realty Executives Main St LLC Phone #: (810) 667-1700

MLS: Realcomp #20240056686

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