tomo logo

$188,000

Beds
2
Baths
1.0
sq ft
1,092

5599 River Rd, East China, MI 48054

5599 River Rd

East China Twp, MI 48054

  • 1 day on market
Adorable Unique Canal frontage cottage home close to St Clair River. Enjoy sitting by the canal, kayaking or canoeing, Great fishing as well. Add a small dock & you're set for a boat to enjoy the beautiful St Clair river!! Swans have been know to visit the canal. Many updates to the home including Roof, Furnace, HWT, Waterproofed crawl space with transferable warranty, electrical system, backup sump pump, Deck, and new Stainless steel appliances. Ceramic tile bathroom/laundry room & hardwood floor everywhere else. Spiral staircase to 2nd floor. 2nd floor has access to roof top. You would just need to add railings for a deck. Shed is large for storage needs. Would make a great personal home, especially dreaming of retirement or a fantastic short term rental.

Details

Property type

Single Family Residence

Est. home value

$159,020

Lot size

5,663 sq ft

Price per sq ft

$173

Year built

1950

Annual property taxes

$1,216

Price History

10/03/2024
Realcomp

Realcomp #20240074588

Listed
$188,000
+44.62%
11/05/2021
MiRealSource

MiRealSource #50059012

Sold
$130,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

East China

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

$50,061
Asking price
$188,000
Closing costs (~8% of asking)
-$15,040
Est. remaining loan balance
-$122,899
Cash to seller
$50,061

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

November 2021

Original loan amount

$131,313

Est. remaining balance

$122,899

Interest rate

2.86%

Loan type

New Conventional, 30 year

Seller

Matthew M Montgomery and Laura J Montgomery

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?

Status: Active

Tomo last checked: 10/05/2024 at 7:10 AM

Listing updated: 10/04/2024 at 9:11 AM

Listed by: Sigrid Garrick, Keller Williams Paint Creek Phone #: (248) 609-8000

MLS: Realcomp #20240074588

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