tomo logo

$109,900

Beds
3
Baths
1.0
sq ft
Unknown

5500 Cedar Lake Rd, Oscoda, MI 48750

5500 Cedar Lake Rd

Oscoda Twp, MI 48750

  • 22 days on market
Investor Special! The Large 343 ft deep lot has a 2-car garage and a huge backyard. Tons of built-ins to maximize space and lots of room to move in the 13x23 living room has a nice area for a wood stove. The 3rd bedroom is currently set up as a home office/den. 12 x15 galley style kitchen t leads into the dining area overlooking the backyard.

Details

Property type

Single Family Residence

Est. home value

$109,680

Lot size

0.47 acres

Price per sq ft

Unknown

Year built

1940

Annual property taxes

$711

Price History

02/01/2025
Realcomp

Realcomp #77080053951

Listed
$109,900
+197.03%
08/31/2006
Realcomp

Realcomp #77001117461

Sold
$37,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Oscoda

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

$11,491
Asking price
$109,900
Closing costs (~8% of asking)
-$8,792
Est. remaining loan balance
-$89,617
Cash to seller
$11,491

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

Seller’s Loan History

Lender

Legacy Mortgage

Loan start date

January 2024

Original loan amount

$91,081

Est. remaining balance

$89,617

Interest rate

7.22%

Loan type

FHA, 25 year

Seller

Rickey Sewell

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: 02/23/2025 at 2:10 PM

Listing updated: 02/04/2025 at 6:32 AM

Listed by: KELLY BALAGNA, GREAT LAKE REALTY CO, LLC Phone #: (989) 310-6820

MLS: Realcomp #77080053951

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