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$399,000

Beds
3
Baths
2.5
sq ft
996

694 Lake 16 Dr, Allegan, MI 49010

694 Lake 16 Dr

Trowbridge Twp, MI 49010

  • 108 days on market
    • Price drop $16,000↓
Escape to this beautifully updated cottage on Lake Sixteen in Allegan, where you'll enjoy nearly an acre of tranquil lakefront living across two parcels. This 3-bedroom, 2-bath home, with two additional non-conforming bedrooms or office spaces, offers a cozy and efficient layout. Large, high-efficiency windows in the family room bring the beauty of each season indoors, complemented by a stone fireplace and exposed timber beams. The home is outfitted for heated floors and solar energy features. The energy-efficient design means the heat is rarely needed. The kitchen is both practical and spacious, featuring Corian countertops and ample storage. The primary bedroom includes an ensuite bath and walk-in closet, while two more upstairs bedrooms and a loft maximize the stunning lake views.The A/C was replaced in 2021. Lake Sixteen, spanning 35 acres with depths reaching 85 feet, is perfect for fishing, stocked with bluegill, crappie, and bass, and has no HOA. The property includes a two-car garage on the main parcel, along with an additional one-car garage on the second parcel, ideal for storage or hunting with a tree stand in place. All appliances stay with the home, and possession is available at closing.

Details

Property type

Single Family Residence

Est. home value

$222,273

Lot size

1.32 acres

Price per sq ft

$401

Year built

1974

Annual property taxes

$1,812

Price History

11/13/2024
Realcomp

Realcomp #65024046861

Price change
$399,000
-3.86%
09/05/2024
Realcomp

Realcomp #65024046861

Listed
$415,000
+103.43%
09/21/2016
Realcomp

Realcomp #69016014410

Sold
$204,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Allegan

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

$233,387
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$133,693
Cash to seller
$233,387

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

September 2016

Original loan amount

$163,200

Est. remaining balance

$133,693

Interest rate

3.48%

Loan type

New Conventional, 30 year

Seller

Daniel J Vanderberg

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: 12/23/2024 at 2:55 AM

Listing updated: 12/22/2024 at 1:45 PM

Listed by: Anthony Moayyer, Moayyer Real Estate Phone #: (616) 350-3429

MLS: Realcomp #65024046861

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