tomo logo

$335,000

Beds
4
Baths
2.0
sq ft
1,074

6992 2 1/2 Mile Rd, East Leroy, MI 49051

6992 2 1/2 Mile Rd

Leroy Twp, MI 49051

  • 41 days on market
    • Price drop $4,000↓
Welcome to the country. You will feel right at home as you enter this beautifully maintained and updated space. The cathedral ceilings and open floor plan feels bright and airy. The main floor laundry is a great convenience and having 2 living rooms makes the home feel extremely spacious. The detached 3 car size garage also has a loft and a spacious lean-to for additional storage. This property covers five acres and provides a secluded wooded area with mature maples ready to tap and lots of wild life as well as a penned in arena for a hobby farm with a bonus outbuilding currently being used for the chickens. This home has it all. Come and see for yourself. -There is great fiber internet here too!

Details

Property type

Single Family Residence

Est. home value

$294,859

Lot size

5.02 acres

Price per sq ft

$312

Year built

1978

Annual property taxes

$3,037

Price History

10/31/2024
Realcomp

Realcomp #66024053882

Price change
$335,000
-1.18%
10/25/2024
Realcomp

Realcomp #66024053882

Price change
$339,000
-1.45%
10/18/2024
Realcomp

Realcomp #66024053882

Price change
$344,000
-1.43%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Athens

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

$7,076
Asking price
$335,000
Closing costs (~8% of asking)
-$26,800
Est. remaining loan balance
-$301,124
Cash to seller
$7,076

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

Seller’s Loan History

Lender

Amerifirst Financial Corp

Loan start date

August 2022

Original loan amount

$311,243

Est. remaining balance

$301,124

Interest rate

5.3%

Loan type

FHA, 30 year

Seller

Alexandra Kay Bailey and Rodney Dean Bailey

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 9:10 PM

Listing updated: 11/03/2024 at 7:30 PM

Listed by: Alyssa Wenzel, Phone #: (269) 220-0430

MLS: Realcomp #66024053882

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