FS 21268 Silver Mountain Rd

Pelkie, MI, 49958, United States

Property ID: #270489 // RESIDENTIAL
2,880 ft²
22 acres
6 beds
1 baths
  • Address
    FS 21268 Silver Mountain Rd
  • City
    Pelkie
  • State
    MI
  • Zip
    49958
  • Country
    United States
  • Municipality
    Township of Laird
  • County
    Houghton
  • Property Type
    Residential
  • Additional Types
    Commercial, Land, Mixed Use, Residential
  • Parcel Number
    31-008-166-003-40
  • Lot Size
    22 Acres
  • Beds
    6
  • Full Baths
    1.00
  • Square Feet
    2,880
  • MLS Number(s)
    185349
PROPERTY INFORMATION

Engulf yourself in the wilderness with this Great Northwoods Retreat in the Northern U.P. of Michigan. The main lodge along with three cabins and a 36x60 pole building is set on 22 acres surrounded by Ottawa National Forest. Hunting, snowmobiling, and fishing are just a few of the activities to enjoy on your new property. Located near Prickett Lake which is an 810 acre lake with crappie, walleye, yellow perch, northern pike, and more. Cozy up to the fire during the winter. Large man-made pond allows for summer fun. Hear the rain on the metal roofs on all cabins. If you are looking for your getaway from city life, then this is it. Perfect for personal use, rentals, or Airbnb. 

For more property details, see the Documents tab.

DIRECTIONS

Head E on M-38 E toward Prickett Dam/Silver Mountain Rd. Turn right onto Prickett Dam/Silver Mountain Rd to right onto NF-2270/Silver Mountain Rd. Destination 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.

Online Only Event/Auction:
August 26th 10:00am - 4:00pm CDT
List Price:
$249,000.00
Sugg. Opening Bid:
$150,000.00

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
$1,494
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