tomo logo

$349,900

Beds
3
Baths
3.0
sq ft
1,248

7933 E McGregor Rd, Wheeler, MI 48662

7933 E McGregor Rd

Wheeler Twp, MI 48662

  • 127 days on market
    • Price drop $30,000↓
Unique Property With Exceptional Business Potential! *** Seize This Incredible Opportunity!*** Discover a unique 3-bedroom, 3-bathroom home that comes with a great opportunity to have a thriving Medical Cultivation business! while the house itself is charming, the true value lies in the included business opportunity and state-of-the-art equipment. Property Features: 3 spacious bedrooms,3 modern bathrooms, A cozy and inviting living space. Business Opportunity: A fully equipped medical marijuana growing operation. Two large barns Barn 1 ** 30 X 80 Barn 2 ** 30 X 60 -A medical nursery area for nurturing small plants and a some spacious common areas, caring for mature plants until harvest. - Capability for 3-5 harvests annually, with each harvest supporting up to 72 Plants A 59 Hortilux programable lamps with their controller, 4 dehumidifiers of 320 pints brand Anden, 6, 5-tons AC units, 3 carbon odor filters, C02 system, Mixing room: Filtering system with softener and cartridge filter at 0 ppm, Irrigation system with press control. Conveniently located with easy access to major routes, this property offers a unique blend of residential comfort and commercial opportunity. Don't let this exceptional opportunity pass you by! Schedule a viewing today and explore the endless possibilities that await you.

Details

Property type

Single Family Residence

Est. home value

$551,705

Lot size

1.57 acres

Price per sq ft

$281

Year built

1900

Annual property taxes

$1,148

Price History

10/05/2024
Realcomp

Realcomp #20240046909

Price change
$349,900
-7.9%
07/01/2024
Realcomp

Realcomp #20240046909

Listed
$379,900
+2202.42%
01/17/2018
Realcomp

Realcomp #61031336576

Sold
$16,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Breckenridge

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

$270,507
Asking price
$349,900
Closing costs (~8% of asking)
-$27,992
Est. remaining loan balance
-$51,401
Cash to seller
$270,507

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

June 2007

Original loan amount

$80,000

Est. remaining balance

$51,401

Interest rate

6.16%

Loan type

Not Provided, 30 year

Seller

Thomas E Hurst and Jeri L Hurst

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: 11/05/2024 at 8:55 PM

Listing updated: 10/05/2024 at 9:41 AM

Listed by: Elena Companioni, American Associates Inc Phone #: (810) 694-3333

MLS: Realcomp #20240046909

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