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$274,900

Beds
3
Baths
1.0
sq ft
1,076

506 W Lakewood Rd, Twin Lake, MI 49457

506 W Lakewood Rd

Lakewood Club Vlg, MI 49457

  • 43 days on market
    • Price drop $5,000↓
Welcome to 506 Lakewood Road, Twin Lake, MI! This 3-bed, 1-bath ranch home on 1 acre is located in the Whitehall school district. The property features a newer roof and furnace (2021), water heater, and well pump, providing peace of mind for years to come. Enjoy the privacy of the fenced backyard, perfect for outdoor activities, and make use of the 24x40 pole barn with built-in workbenches. Additional highlights include underground sprinkling and a convenient location just minutes from Michigan's Adventure amusement and water park. This home offers comfort, convenience, and plenty of space for hobbies and storage.

Details

Property type

Single Family Residence

Est. home value

$247,239

Lot size

1.08 acres

Price per sq ft

$256

Year built

1993

Annual property taxes

$1,904

Price History

11/18/2024
Realcomp

Realcomp #71024053237

Price change
$274,900
-1.79%
10/29/2024
Realcomp

Realcomp #71024053237

Price change
$279,900
-3.45%
10/09/2024
Realcomp

Realcomp #71024053237

Listed
$289,900
-3.37%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Whitehall

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

$35,551
Asking price
$274,900
Closing costs (~8% of asking)
-$21,992
Est. remaining loan balance
-$217,357
Cash to seller
$35,551

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

Seller’s Loan History

Lender

New Day Financial Llc

Loan start date

June 2022

Original loan amount

$225,000

Est. remaining balance

$217,357

Interest rate

5.27%

Loan type

VA, 30 year

Seller

Daniel C Spira and Johanna Marie Spira

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: 11/22/2024 at 10:15 AM

Listing updated: 11/18/2024 at 4:15 PM

Listed by: Ron Zok, Five Star Real Estate Phone #: (231) 733-3080

MLS: Realcomp #71024053237

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