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$848,000

Beds
3
Baths
2.0
sq ft
3,076

7084 & 7114 S River Road, Cottrellville, MI 48039

7084 & 7114 S River Road

Cottrellville, MI 48039

  • 486 days on market
    • Price drop $50,000↓
One of the last large parcels in lower St Clair County. 120.49 acres of prime land located just south of Marine City with Public Water and Sewer across from the St Clair River. Great parcel with many possibilities - this would be a great personal home, equestrian ranch, or sportsmen lodge. Hunter Paradise for Deer, Bow and Shotgun, featuring hunting area with both wooded and cleared area. DNR Boat Ramp 2 minutes away from St. Clair and world class “Walleye” fishing, or a residential development site for the opportunist. Currently 2 separate parcel ID's this package deal for both includes 7084 South River- "The Stone Lodge" a 1735 Sq Ft home with 3 bedrooms, 2 baths, masonry fireplace, basement, 22 x 30 garage, plus an amazing 1012 Sq Ft outbuilding - with 400 amp power on 59.18 acres. Parcel 2 is 61.31 Acres with existing foundation and water line ran to foundation- total road frontage is 780'. South River Rd is M-29

Details

Property type

Single Family Residence

Lot size

120.49 acres

Price per sq ft

$276

Year built

1936

Annual property taxes

$14,690.75

Price History

06/24/2024
MiRealSource

MiRealSource #50109705

Price change
$848,000
-5.57%
05/22/2023
MiRealSource

MiRealSource #50109705

Listed
$898,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

East China School District

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

$351,461
Asking price
$848,000
Closing costs (~8% of asking)
-$67,840
Est. remaining loan balance
-$428,699
Cash to seller
$351,461

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

Seller’s Loan History

Lender

Greenstone Farm Credit Service

Loan start date

September 2018

Original loan amount

$541,000

Est. remaining balance

$428,699

Interest rate

4.59%

Loan type

New Conventional, 20 year

Seller

Klingler Holdings Llc

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: 09/19/2024 at 7:05 PM

Listing updated: 08/08/2024 at 12:52 PM

Listed by: Melanie Lovati, Innovation Real Estate Specialists Inc. Phone #: (586) 263-8220

MLS: MiRealSource #50109705

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