W Brule Lake Rd

Iron River, MI, 49935, United States

Property ID: #206564 // LAND
- ft²
0.46 acres
- beds
- baths
  • Title
    W Brule Lake Rd
  • City
    Iron River
  • State
    MI
  • Zip
    49935
  • Country
    United States
  • Municipality
    Stambaugh Township
  • County
    Iron
  • Property Type
    Land
  • Additional Types
    Land, Residential
  • Parcel Number
    007-590-024-00
  • Lot Size
    0.46 Acres
  • MLS Number(s)
    180103
PROPERTY INFORMATION

Looking for a great place to build your lake house? Look no further! This property has so much to offer! Enjoy the sunrise with great Eastern Exposure! Level and wooded lot with a cleared building site, or you can use this as a place to come and camp on the water.

DIRECTIONS

US-2 W to M73. M73 S to Ottawa Lake Rd. W on Ottawa Lake Rd to S on W Brule Lake Rd. Property is ~2 miles on the left.

DISCLAIMERS & AGENCY DISCLOSURE
  • Buyer's Fee: 0%
  • Earnest Money: Total earnest money to be negotiated at the time of offer and to be agreed upon in writing in a Purchase Contract by the Buyer and Seller.
  • Realtor®/Broker Participation: 1.75
  • Brokers and Agents are fully protected and encouraged to participate.
  • RealtyHive & Micoley.com, LLC are licensed auction firms performing auction and auction marketing services as part of this transaction.

Read More...

Property Buying Tips

So you’ve decided to buy! Congrats, that’s great!
Here are some great tips to get you on your way to ownership.

1. Determine Your Budget & Save

Take into account the average down-payment is 10%. 10% is not required, but the loan amount and approval will fluctuate depending on the percentage you put down. Determine how much you can pay for your monthly mortgage. Outline your expenses and be honest with yourself about what you can reasonably afford. Also, ask yourself what happens if you lose your job? Or if you’re part of a couple, what happens if your spouse loses their job?

2. Secure a Loan

Once you’ve got your budget in order, it’s time to go shopping for a loan. Visit multiple lenders to weigh your options and find the best deal. Each bank will determine if you are eligible and at what interest rate you will be charged. based on your financial situation. Make sure to ask questions such as what the breakdown of the monthly payments will be once you have made your down payment, how the loan term will affect your monthly payments, whether or not the interest rate is fixed or variable, if home insurance or any other services are included within the home purchase amount.

3. Be Prepared

Have a current Pre-qualification letter and good faith deposit funds available. Technology makes it easier than ever for your real estate agent to draft and transmit a purchase offer back and forth for your signatures. But, this is only one piece of the puzzle. You also need a current pre-qualification letter, and ready access to your good faith deposit. This can be obtained from the bank and confirms their willingness to give you a loan. Most sellers won’t accept a letter that’s more than three months old. If your home search lasts for more than three months, you’ll need an updated pre-qualification letter. When you submit your offer, it must include a check for the good faith deposit. Generally, good faith is at least 3% of the purchase price. This check will be deposited into an escrow account within three days of an accepted offer.

4. Stay Informed

Always make sure to do your homework and learn the history on a property you are interested in. Does the neighborhood have a high crime rate or a new highway/major road being constructed nearby that could be affecting the price? Is the heating, plumbing, roofing and window work in good condition? Those hidden problems can lead to major expenses in the future - post purchase. Ask your realtor for a property condition report and and see if the home comes pre-inspected. If not, we highly recommended to get and inspection before the purchase is complete. Being “in-the-know” and taking the extra steps can save you money and headaches in the long run.

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Online Only Event/Auction:
July 22nd 10:00am - 4:00pm CDT
List Price:
$59,900.00
Sugg. Opening Bid:
$44,900.00

What is a Pre-Event Offer? This property can be purchased prior to the event's start date. If accepted, this property will be removed from the upcoming auction. Benefits to purchasing prior to event.

Want to wait until the event day to bid?

Receive up to
$359
cash closing credit
when buying
through Cashifyd
Speak to RealtyHive
  • Wade T. Micoley
  • Micoley.com LLC
  • Additional Licensing Information:
  • Broker: Wade T. Micoley #6502383212
  • Broker Firm: Micoley.com LLC #6505383211
Financing

Please contact your local lender