Beautiful home in Iris Hills, very private, Lake MI beach down the road, on nearly 8 acres of rolling hilly wooded land, yet close/convenient to town. Potential to be 5 bdrm home. (Has tiny nursery/laundry/office upstairs & huge rec/game room downstairs.) The open kitchen/living room, master, main bath, tiny room and guest room upstairs. The rec/bonus room, guest room & very small bathroom on lower level. Spiral staircase connects the two. There is a 2 car garage to pull into during those Michigan winters, leading into first floor/lower level w/out stepping outside. Includes children's playground, stainless steel kitchen appliances, washer/dryer, granite counters, newer windows, big yard, long private driveway, custom made window seat, wildlife right in yard (turkeys, deer, rabbits, birds - hunter's dream), designer finishes, updated interior doors, updated bathrooms, yard has been leveled by owner, underground culvert system has been put into place by owner. Rent until you own at only $1,030.77 per mo., which is less than current fair market rental estimate. Tenant must do lawn care, snow removal, upkeep, maintenance & repairs in light of low rental price, treating it as your own until you can close. In 2005, this home was worth $250,000 before the housing crisis occurred. Owners likewise have $250K invested into this home and are taking a huge loss, to the new buyer's advantage. However, it is anticipated that this home will only increase in value, given the amount of acreage included & proximity to a secluded beach (Buttersville - 5 minutes away) as well as the 5 min. convenient trip to town for shopping/work. Market conditions indicate that in only 2 years time, it will be back up to $250K. Excellent neighborhood, w/ professionals such as a doctor, horse rancher, teacher, business owner, etc. as your neighbors, houses in $450-$750K range on the corner at Lakeshore Drive. Yet the property taxes are affordable, despite classy area. This is a wonderful & sound financial investment for someone! Owner will provide trash service & continue to pay property taxes until closing. Tenant must pay for their own utilities: electric (Consumers) phone/tv/Internet (Charter) propane heat (Ferrell Gas) snow removal/grass cutting/leaf removal & protect the premises w/ insurance. Available for private showings to pre-screened top 10 candidates only after July 1st, 2015 when current renters vacate. During the month of June, you may contact the owner w/ all of your questions, save up your anticipated deposit, negotiate potential terms and conditions, etc. Possession may be taken August 1st, but possibly in early July. 2 year lease with early buy out option. Qualified candidates only. No realtors allowed. Owners are already taking a loss so there is no room for realtor commissions. Purchase price is $170,000 which is $10,000 below the current fair market estimate of $180,416.00. Only a private/direct buy-sell agreement will be entertained, no 3rd party agents. Comparable homes in the area have sold in the $170,000-$230,000 price range recently, as market conditions are picking up again. This piece of Michigan heaven will only continue to go up in value. Candidates must email the owner their detailed qualifications before viewing the home. (References, pay stubs, W-2's, past landlord's contact info, credit reports, background info about your situation/family, bank pre-qualification or mortgage approval letter, etc). No pets, no smoking, no criminal history, stable employment & must post substantial earnest money/good faith deposit towards purchase, along w/ 1st month's rent before taking possession. Banks typically want 20% down, i.e. upwards of $35,000. Owner is only requiring a $5,000 deposit under a rent until you can own situation. GET YOUR PIECE OF PURE MICHIGAN TODAY! Will be gone fast. You may email any additional questions to the owner directly (who has owned this home for 14 years) at: mommyofmanykids@yahoo.com (Amy Patterson)
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
