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$225,000

Beds
3
Baths
2.0
sq ft
1,392

5607 Genesee Ave, Otter Lake, MI 48464

5607 Genesee Ave

Otter Lake Vlg, MI 48464

  • 14 days on market
This charming open-concept home features an updated kitchen with wood countertops, newer cupboards, and all appliances included --plus a brand-new dishwasher! The spacious master suite boasts a large closet and a full bathroom for your comfort. Located within walking distance to Otter Lake, you will have easy access to fishing, swimming and boating, making it a perfect retreat for nature lovers. Don't miss out on this gem.

Details

Property type

Manufactured Home

Est. home value

$178,981

Lot size

0.23 acres

Price per sq ft

$162

Year built

1974

Annual property taxes

$4,826

Price History

11/08/2024
Realcomp

Realcomp #20240084477

Listed
$225,000
+20.97%
11/17/2023
Realcomp

Realcomp #20230078069

Sold
$186,000
+24%
02/08/2021
Realcomp

Realcomp #58050031067

Sold
$150,000
+20.97%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Lakeville

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

$16,917
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$190,083
Cash to seller
$16,917

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

Seller’s Loan History

Lender

Equity Prime Mortgage Llc

Loan start date

November 2023

Original loan amount

$191,919

Est. remaining balance

$190,083

Interest rate

7.31%

Loan type

USDA, 30 year

Seller

Darren Ray Walls and Alexia Michelle Trammel

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: 11/22/2024 at 9:05 PM

Listing updated: 11/17/2024 at 6:05 AM

Listed by: Patricia Clendenan, Realty Executives Main St LLC Phone #: (810) 667-1700

MLS: Realcomp #20240084477

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