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$399,000

Beds
3
Baths
2.0
sq ft
1,216

723 Forest Ave, Frankfort, MI 49635

723 Forest Ave

Crystal Lake Twp, MI 49635

  • 36 days on market
One of the few brick homes in the City Of Frankfort. 3 bedroom, 1.5 bath ranch located in the charming port city of Frankfort. Updated in 2022 and it has the rental license through the City if one chooses to use it. Large back yard and deck for entertaining family and friends. Located 2 blocks from the Library , schools, parks, and shopping in this quaint little town. Stroll down the street to the sugar sand beach of Lake Michigan and eat your ice cream as you enjoy the beautiful sunsets over the lake. Well maintained and ready for you to make it your own.

Details

Property type

Single Family Residence

Est. home value

$246,751

Lot size

7,405 sq ft

Price per sq ft

$329

Year built

1950

Price History

10/17/2024
Realcomp

Realcomp #78080051689

Listed
$399,000
+175.17%
08/31/2012
Realcomp

Realcomp #78001104413

Sold
$145,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Frankfort-Elberta

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

$273,648
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$93,432
Cash to seller
$273,648

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

Seller’s Loan History

Lender

Mers

Loan start date

August 2012

Original loan amount

$130,500

Est. remaining balance

$93,432

Interest rate

3.56%

Loan type

Not Provided, 30 year

Seller

Paul G Marcussen and Irene R Marcussen

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 2:50 PM

Listing updated: 11/13/2024 at 3:50 PM

Listed by: Brooke Hollenbeck Sowa, REO-TCBeulah-Frankfort-233027 Phone #: (231) 882-4449

MLS: Realcomp #78080051689

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