tomo logo

$624,900

Beds
2
Baths
2.0
sq ft
1,500

7995 Colony Dr, Clay, MI 48001

7995 Colony Dr

Clay Twp, MI 48001

  • 187 days on market
Boater's paradise! Welcome to this charming brick ranch on The Colony with breathtaking views of North Channel Lake St. Clair. This beautifully updated 2BR/2BA home boasts a series of modern upgrades including a roof (approx. 5 years old), brand new windows and doors (2022), and a completely remodeled kitchen with quartz countertops (2022). Enjoy the luxury of a huge 2-person walk-in shower with a curbless entry in the main bathroom (renovated in 2023). The property features a 26x83 concrete driveway (installed 2023), a new wood sea wall (August 2023), and a 20x40 ft wood patio (added July 2022) perfect for entertaining. Relax in the 10-person hot tub (purchased in 2023) by the wood-burning fireplace in the remodeled sunroom (2022). The detached garage/boat house on the canal side includes updated electrical (2023) and accommodates a 30 ft boat with a 10,000 lb lift and dock space for a 50 ft boat. Mature landscaping installed in summer 2022 adds to the home's charm. Enjoy the serene water views with French doors added to the main bedroom in 2022. Additional updates include a new furnace and central air (2022), a hot water tank (July 2022), and an updated electrical panel (2022). Deed-restricted property with low HOA fees ($96/year). Freshly painted in January 2024, this home is ready for you to move in and enjoy the idyllic waterfront lifestyle. The previous deal fell through due to buyer financing. Schedule a tour today! **BATVAI** All measurements are approximate.

Details

Property type

Single Family Residence

Est. home value

$507,765

Lot size

0.30 acres

Price per sq ft

$417

Year built

1953

Annual property taxes

$5,704

Price History

09/17/2024
Realcomp

Realcomp #20240043456

Listed
$624,900
08/09/2024
Realcomp

Realcomp #20240043456

Pending
$624,900
07/12/2024
Realcomp

Realcomp #20240043456

Listed
$624,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Algonac

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

$260,289
Asking price
$624,900
Closing costs (~8% of asking)
-$49,992
Est. remaining loan balance
-$314,619
Cash to seller
$260,289

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

Seller’s Loan History

Lender

Platinum Home Mortgage Corp

Loan start date

May 2022

Original loan amount

$329,700

Est. remaining balance

$314,619

Interest rate

4.16%

Loan type

New Conventional, 30 year

Seller

Richard Perkins and Brandon Perkins

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 10:20 PM

Listing updated: 09/20/2024 at 11:31 AM

Listed by: Kevin George, Irongate Realty Group Phone #: (248) 971-1222

MLS: Realcomp #20240043456

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