tomo logo

$1,445,000

Beds
3
Baths
2.0
sq ft
1,205

5146 Lower Shore Dr, Harbor Springs, MI 49740

5146 Lower Shore Dr

West Traverse Twp, MI 49740

  • 210 days on market
This charming Beach House Cottage in Harbor Springs boasts 100 feet of stunning Lake Michigan Frontage and is surrounded by miles of sandy beach, just steps away from the deck. Nestled on the coveted Lower Shore Drive, This year-round retreat exudes relaxation and character. Enjoy breathtaking sunsets and the soothing sound of the waves from the open windows, making it feel like a dream come true. Located just off the Tunnel of Trees, this cottage offers excellent rental potential with short-term rentals allowed. With Low maintenance and just under an acre of property, there's ample space for a multiple-car garage and carriage house. Situated in a neighborhood of multi-million dollar properties and with limited inventory on Lower Shore Drive, this property is a must-see!

Details

Property type

Single Family Residence

Est. home value

$1,394,871

Lot size

0.90 acres

Price per sq ft

$1,200

Year built

1969

Annual property taxes

$7,827

Price History

02/22/2024
Realcomp

Realcomp #20240010751

Listed
$1,445,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Harbor Springs

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

$1,181,738
Asking price
$1,445,000
Closing costs (~8% of asking)
-$115,600
Est. remaining loan balance
-$147,662
Cash to seller
$1,181,738

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

Seller’s Loan History

Lender

St Francis X Federal Credit Union

Loan start date

May 2023

Original loan amount

$150,000

Est. remaining balance

$147,662

Interest rate

6.32%

Loan type

New Conventional, 30 year

Seller

Paul Tunison

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?

Similar Homes Nearby

Realcomp
$1,250,000
4 bd
|
3.5 ba
|
3,022 sq ft
|
House

1750 Forest Ridge Trl, Charlevoix, MI 49720

Status: Active

Tomo last checked: 09/19/2024 at 3:10 PM

Listing updated: 02/25/2024 at 9:14 AM

Listed by: Robert C Sprader, KW Showcase Realty Phone #: (248) 360-2900

MLS: Realcomp #20240010751

Realcomp logo

Recently listed in West Traverse Twp