tomo logo

$899,900

Beds
5
Baths
4.5
sq ft
5,587

55755 Davis Ln, Dowagiac, MI 49047

55755 Davis Ln

Dowagiac, MI 49047

  • 168 days on market
    • Price drop $40,100↓
Welcome to waterfront luxury living at its finest! Nestled on the serene shores of The Mill Pond, a tranquil no-wake lake. This custom-built masterpiece boasts unparalleled views and endless opportunities for leisure. Step inside this impeccable 5-bedroom, 4.5-bathroom traditional home and be greeted by an elegant open foyer with a beautiful staircase, complemented by custom-milled red elm floors and trim throughout. Every corner exudes meticulous attention to detail, offering a seamless blend of elegance and functionality. Experience the joy of abundant storage space alongside breathtaking lake vistas, inviting the outdoors in. The fully finished lower level beckons relaxation with a stone-faced fireplace, recreational area, and convenient walk-out access to the scenic surroundings. Entertain effortlessly on the paver patio adorned with a cozy fire pit and ample seating, while the upper deck, boasting custom railings, provides the perfect setting for gatherings overlooking the tranquil waters. A spacious 3-car garage awaits, complete with additional living space above, ensuring both comfort and convenience for you and your guests. Embrace sustainable living with geothermal heating/cooling and the peace of mind provided by a generator, among the many premium upgrades this home offers. Don't miss the chance to indulge in the ultimate lakefront lifestyle, surrounded by wooded bliss, where every day feels like a retreat. Come discover the epitome of luxury living by the lake - schedule your viewing today!

Details

Property type

Single Family Residence

Est. home value

$883,710

Lot size

0.53 acres

Price per sq ft

$162

Year built

2001

Annual property taxes

$11,025

Price History

07/25/2024
Realcomp

Realcomp #69024015797

Price change
$899,900
-4.27%
05/24/2024
Realcomp

Realcomp #69024015797

Price change
$940,000
-5.99%
04/04/2024
Realcomp

Realcomp #69024015797

Listed
$999,900
+30.71%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Dowagiac Union

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

$404,081
Asking price
$899,900
Closing costs (~8% of asking)
-$71,992
Est. remaining loan balance
-$423,827
Cash to seller
$404,081

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

Seller’s Loan History

Lender

Lake Michigan Cu

Loan start date

January 2022

Original loan amount

$500,000

Est. remaining balance

$423,827

Interest rate

2.42%

Loan type

New Conventional, 15 year

Seller

Justin E Ott and Kimberly J Ott

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: 09/19/2024 at 7:10 PM

Listing updated: 07/25/2024 at 8:33 AM

Listed by: Douglas W Birkey, Cressy & Everett Real Estate Phone #: (269) 683-5355

MLS: Realcomp #69024015797

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