tomo logo

$299,900

Beds
4
Baths
2.0
sq ft
1,580

5263 S Locustwood Ave, Fort Gratiot, MI 48059

5263 S Locustwood Ave

Fort Gratiot Twp, MI 48059

  • 10 days on market
Nestled alongside the serene Doe Creek, this 4-bedroom, 2-bath ranch is more than a home - it’s a gateway to your oasis. Imagine waking up to the gentle rustle of leaves in a quiet, friendly neighborhood, just a short, scenic stroll from your deeded 40 feet of Lake Huron Beach rights. The covered front porch offers a tranquil spot to sip your morning coffee while enjoying glimpses of the great lake. Inside, the custom-designed bunk beds in the guest rooms create the perfect setup for hosting family and friends, offering a space where generations can gather, relax, and make memories. The possibilities are endless whether you’re looking for a peaceful retreat, a rental investment, or both. This home is ready to transform into your dream Airbnb or serve as the backdrop for your adventures. The neighborhood is close to major shopping and highways, making convenience part of the charm. Plus, as a bonus, you’ll have front-row seats to the Annual Float Down and the starting point of the Port Huron to Mackinac Yacht Race, with views right from your private beach.

Details

Property type

Single Family Residence

Est. home value

$287,911

Lot size

5,227 sq ft

Price per sq ft

$190

Year built

1920

Annual property taxes

$2,923

Price History

01/11/2025
Realcomp

Realcomp #20250002523

Listed
$299,900
+11.07%
04/11/2022
MiRealSource

MiRealSource #50064256

Sold
$270,000
+116%
05/06/2015
Realcomp

Realcomp #215028684

Sold
$125,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Port Huron

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

$58,133
Asking price
$299,900
Closing costs (~8% of asking)
-$23,992
Est. remaining loan balance
-$217,775
Cash to seller
$58,133

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

Seller’s Loan History

Lender

Superior National Bank

Loan start date

April 2022

Original loan amount

$229,500

Est. remaining balance

$217,775

Interest rate

3.89%

Loan type

New Conventional, 30 year

Seller

Michael R Schley and Suzanne Schley

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: 01/22/2025 at 8:25 PM

Listing updated: 01/21/2025 at 5:11 PM

Listed by: Christopher L Ayers, @properties Christie's Int'l R.E. Birmingham Phone #: (248) 850-8632

MLS: Realcomp #20250002523

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