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$1,200,000

Beds
3
Baths
2.0
sq ft
1,528

490 S Bear Lake Rd, Muskegon, MI 49445

490 S Bear Lake Rd

North Muskegon, MI 49445

  • 8 days on market
Experience lakeside living at its finest in this stunning waterfront property! This beautifully designed home offers panoramic views of Bear Lake and direct access to the Channel. The home boasts many updates including a remodeled bathroom in the basement, fresh paint throughout the home, a finished mud room, recessed lighting, a new slider in the living room, new entry doors, all new kitchen appliances, and more. The home uses a boiler system for heat and mini splits for AC. With new landscaping, underground sprinkling, a boat garage, and multiple outdoor living spaces; you will have all need right at home!

Details

Property type

Single Family Residence

Est. home value

$586,901

Lot size

1.95 acres

Price per sq ft

$786

Year built

1938

Annual property taxes

$6,892

Price History

09/10/2024
Realcomp

Realcomp #71024047699

Listed
$1,200,000
+100.33%
10/25/2023
Realcomp

Realcomp #71023137486

Sold
$599,000
+8.91%
09/01/2022
Realcomp

Realcomp #71022033119

Sold
$550,000
+126.89%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

North Muskegon

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

$676,167
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$427,833
Cash to seller
$676,167

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

Seller’s Loan History

Lender

West Shore Bank

Loan start date

September 2022

Original loan amount

$440,000

Est. remaining balance

$427,833

Interest rate

5.51%

Loan type

New Conventional, 30 year

Seller

Jami Michelle Young

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: 09/19/2024 at 5:50 AM

Listing updated: 09/11/2024 at 11:01 AM

Listed by: Matthew L Marsman, East West Real Estate Phone #: (616) 772-5007

MLS: Realcomp #71024047699

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