tomo logo

$195,000

Beds
2
Baths
1.0
sq ft
1,115

8702 Orleans Ave, Fenwick, MI 48834

8702 Orleans Ave

Orleans Twp, MI 48834

  • 56 days on market
    • Price drop $5,000↓
Discover your perfect retreat on the north end of Long Lake! This charming 2-bedroom, 1-bath lake home offers private shared access, complete with a dock and storage shed for all your water toys. Enjoy the serene surroundings and breathtaking views. With no association fees, you can fully embrace the freedom of lakeside living. Inside, the cozy layout maximizes comfort, while outside, you'll find space for relaxation and entertaining. Whether you're looking for a weekend escape or a year-round residence, this lake home is a fantastic opportunity to enjoy all that Long Lake has to offer! Don't miss out on your chance to create lasting memories in this beautiful setting.

Details

Property type

Single Family Residence

Est. home value

$182,969

Lot size

2,178 sq ft

Price per sq ft

$175

Year built

1948

Annual property taxes

$1,548.61

Price History

11/05/2024
Realcomp

Realcomp #65024051109

Price change
$195,000
-2.5%
10/28/2024
Realcomp

Realcomp #65024051109

Listed
$200,000
10/24/2024
Realcomp

Realcomp #65024051109

Pending
$200,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Belding

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

$153,683
Asking price
$195,000
Closing costs (~8% of asking)
-$15,600
Est. remaining loan balance
-$25,717
Cash to seller
$153,683

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

Seller’s Loan History

Lender

Flagstar Bank Fsb

Loan start date

June 2018

Original loan amount

$40,000

Est. remaining balance

$25,717

Interest rate

3.94%

Loan type

Not Provided, 15 year

Seller

Angela M Shurmur and Kris Rafalski

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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11700 Stultz St NE, Rockford, MI 49341

Status: Active

Tomo last checked: 11/22/2024 at 9:10 PM

Listing updated: 11/05/2024 at 9:10 AM

Listed by: Shelly Gregory, Greenridge Realty (Saranac) Phone #: (616) 642-0633

MLS: Realcomp #65024051109

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