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$299,000

Beds
2
Baths
1.0
sq ft
818

490 Chicago Dr, Howell, MI 48843

490 Chicago Dr

Oceola Twp, MI 48843

  • 161 days on market
    • Price drop $16,000↓
WATERFRONT!!! Live in your personal waterfront paradise with 80 feet on all sports Thompson/Howell lake – park your boat in front of your home at the included dock. The value is in the lot. 80 feet of frontage - property value is 80 feet x $5000 = $400,000. Lot cannot be split. Home is small but definitely livable. Move in and enjoy the lake right now or tear down and build your dream home. 2 bedrooms, large kitchen with nook, walk-out basement (store your fishing, skiing and other lake toys). New windows 2017, new roof 2015, updated electrical 2013. City water and sewer. Great schools, close to major shopping, walk to quaint downtown Howell for many annual festivities. Quiet neighborhood has been lovingly maintained. No garage. This home is currently occupied as a rental home (tenant may be interested in staying). This waterfront home is being offered in “As Is” condition. Owner will not consider any alternations, additions, improvements, repairs or enhancements to facilitate a transaction.

Details

Property type

Single Family Residence

Est. home value

$282,452

Lot size

7,841 sq ft

Price per sq ft

$366

Year built

1940

Annual property taxes

$4,306

Price History

09/09/2024
Realcomp

Realcomp #20240022519

Price change
$299,000
-5.08%
08/02/2024
Realcomp

Realcomp #20240022519

Price change
$315,000
-3.08%
07/17/2024
Realcomp

Realcomp #20240022519

Price change
$325,000
-5.25%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Howell

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

$246,806
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$28,274
Cash to seller
$246,806

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

June 2013

Original loan amount

$96,220

Est. remaining balance

$28,274

Interest rate

2.61%

Loan type

Not Provided, 15 year

Seller

Daniel J Williams and Wendi S Williams

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: 09/17/2024 at 11:10 PM

Listing updated: 09/09/2024 at 3:41 PM

Listed by: Jeff Kermath, Kermath Realty LLC Phone #: (734) 649-4903

MLS: Realcomp #20240022519

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