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$180,000

Beds
4
Baths
2.0
sq ft
1,783

957 Lee St, Algonac, MI 48001

957 Lee St

Algonac, MI 48001

  • 4 days on market
A little sweat equity will go a long way on this home and priced accordingly. This large bungalow is perfect for a growing family, offering 4 spacious bedrooms, 2 full bathrooms, & a large living room. Private 2nd floor bedroom w/ additional room, enormous detached garage,. Large lot with fenced backyard. Although some updates have been started, you can create/design the rest of the home to your liking. Located in town and close to the River with tons of entertainment!! Instant equity once you put in the work.

Details

Property type

Single Family Residence

Est. home value

$231,182

Lot size

0.38 acres

Price per sq ft

$101

Year built

1940

Annual property taxes

$3,084

Price History

12/19/2024
Realcomp

Realcomp #20240093226

Listed
$180,000
+24.14%
05/20/2019
MiRealSource

MiRealSource #31368497

Sold
$145,000

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

$34,760
Asking price
$180,000
Closing costs (~8% of asking)
-$14,400
Est. remaining loan balance
-$130,840
Cash to seller
$34,760

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

Seller’s Loan History

Lender

Gold Star Mortgage

Loan start date

May 2019

Original loan amount

$146,464

Est. remaining balance

$130,840

Interest rate

4.08%

Loan type

New Conventional, 30 year

Seller

Christopher Fisher and Alexandria L Fisher

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: 12/23/2024 at 6:45 PM

Listing updated: 12/23/2024 at 12:04 PM

Listed by: James Cariera, Real Broker LLC Phone #: (517) 200-3245

MLS: Realcomp #20240093226

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