NOT LISTED FOR SALE

10110 Portage Lake Dr Grayling, MI 49738

Estimated Value: $510,000 - $761,000

2 Beds
1.5 Baths
2,058 Sq Ft
$314/Sq Ft Est. Value

Last Sold November 22, 2022

Last sale price $500,000 $243 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,577/month

44 Days on Market

Highlights

  • Lake Front
  • No HOA
  • First Floor Utility Room
  • Maid or Guest Quarters
  • Home Office
  • Fireplace

About This Home

As of November 2022

Welcome to Lake Margrethe! VRBO opportunity! Comfortably situated across 1.3 AC with expansive westerly lake views, this is a one-of-a-kind opportunity to enjoy private lake frontage with immediate resort income potential. The primary lake house with over 2,000SF of living space provides ample room for the largest crews, and for the smaller parties, they can choose between 1 of the 4 cottages ranging from 2-3 bedrooms each. Nearly half of the property remains undeveloped making it ideal for future expansion or a common space, such as a park or additional parking. The potential here is unparallel to anything we've seen available on the lake in years!

Last Agent to Sell the Property

Craig Hinkle

Re/Max Of Grayling License #6502121227 Listed on: 09/13/2022

Re/Max Of Grayling

Last Buyer's Agent

Craig Hinkle

Re/Max Of Grayling License #6502121227 Listed on: 09/13/2022

Re/Max Of Grayling

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,692

Lot Details

  • 1.3 Acre Lot
  • Lake Front

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 2,058 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • First Floor Utility Room
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Maid or Guest Quarters

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

  • Grayling Elementary School
  • Grayling High School

Utilities

  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Well
  • Septic Tank
  • Septic System

Community Details

  • No Home Owners Association
  • T26n R4w Subdivision

Listing and Financial Details

  • Assessor Parcel Number 040-45-761-04-011-00, 040-45-761-04-007-00
  • Tax Block 8

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,692

Lot Details

0

Listing Details

  • Directions: M-72 West to Left on McIntyres Landing Road. Go Right at Battalion Blvd. Go to Left on Eagle Street to property on Left.
  • Garage Yn: Yes
  • Lot Size: 1.3 acres
  • Prop. Type: Residential
  • Bedroom 1 Level: 1st
  • Bedroom 2 Level: 1st
  • Dining Room Level: 1st
  • Kitchen Level: 1st
  • Living Room Level: 1st
  • PropertySubType: Residential Water
  • Road Frontage Type: Lake
  • ResoLaundryFeatures: Main Level
  • Lot Size Acres: 1.3
  • Road Surface Type: Paved, Maintained
  • Water Body Name: Lake Margrethe
  • NAV29_Unit_1_Appliances: Washer, Range/Oven, Refrigerator, Microwave, Garbage Disposal, Dryer, Dishwasher
  • Co List Office Phone: 989-348-7440
  • MLS Status: Closed
  • Subdivision Name: T26N R4W
  • Above Grade Finished Sq Ft: 2058.0
  • Architectural Style: 1+ Story
  • ResoBuildingAreaSource: Appraisal
  • Contract Information:Short Sale: No
  • Property Information Waterfront: Yes
  • General Property Information Lot Size Dimensions: 1.3 acres
  • Property Information Total Bathrooms2: 2.0
  • Property Information:Style2: 1+ Story
  • Property Information Construction: Frame
  • Water Well2: Yes
  • Sewer:Septic2: Yes
  • Exterior:Vinyl2: Yes
  • Appliances Equipmt Dishwasher2: Yes
  • Appliances Equipmt Microwave2: Yes
  • Appliances Equipmt RangeOven: Yes
  • HeatingAir Propane3: Yes
  • Laundry Main Level: Yes
  • General Property Information:Acres: 1.3
  • Appliances Equipmt Dryer2: Yes
  • Appliances Equipmt Washer2: Yes
  • HeatingAir Baseboard2: Yes
  • HeatingAir Hot Water3: Yes
  • Foundation:Slab: Yes
  • Appliances Equipmt Garbage Disposal2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: None
  • Interior Amenities: Walk-In Closet(s)
  • Family Room Level: 1st
  • Utility Room Level: 1st
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Features Fireplace3: Yes
  • Interior Features Walk - In Closet: Yes
  • BasementFoundation:Crawl: Yes
  • Other Rooms:Office2: Yes
  • Other Rooms:Family Room: Yes

Exterior Features

  • Exterior Features: Guest Quarters/Apt, Natural
  • Waterfront: Yes
  • Foundation Details: Crawl, Slab
  • Exterior Features Guest QuartersApt: Yes

Garage/Parking

  • Property Information:Garage Stall2: 2
  • Property Information:Garage Type2: Attached/UN

Utilities

  • Sewer: Septic Tank
  • Heating: Baseboard, Hot Water, Propane
  • HeatingYN: Yes

Association/Amenities

  • TaxesAndPossessionAssociationDues: No

Schools

  • Schools Elementary School: Grayling
  • Schools High School: Grayling
  • Elementary School: Grayling
  • Junior High Dist: Crawford Ausable
  • High School: Grayling

Lot Info

  • Lot Size Sq Ft: 56628.0
  • ResoLotSizeUnits: Acres
  • Parcel Number: 040-45-761-04-011-00, 040-45-761-04-007-00

Tax Info

  • Tax Block: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2022
Closed on
Nov 22, 2022
Sold by
Mcbride Catherine Lta
Bought by
Kanoma Properties Llc
Seller's Agent
Craig Hinkle
Re/Max Of Grayling
Buyer's Agent
Craig Hinkle
Re/Max Of Grayling
List Price
$695,000
Sold Price
$500,000
Premium/Discount to List
-$195,000
-28.06%
Views
33
Current Estimated Value
$645,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,913
Avg. Annual Appreciation
9.83%

Purchase Details

Closed on
Jul 31, 2007
Sold by
Mcbride Charles and Mcbride Catherine
Bought by
Mcbride Charles and Catherine Lta
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kanoma Properties Llc $500,000 --
Mcbride Charles -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kanoma Properties Llc $1
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2022 11/22/22 Sold $500,000 -23.1% $243 / Sq Ft
10/03/2022 10/03/22 Price Changed $649,900 -6.5% $316 / Sq Ft
09/13/2022 09/13/22 For Sale $695,000 -- $338 / Sq Ft
Source: Water Wonderland Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,692 $317,400 $93,800 $223,600
2024 $9,814 $308,700 $93,800 $214,900
2023 $9,411 $267,600 $93,800 $173,800
2022 $2,881 $250,800 $93,800 $157,000
2021 $4,023 $233,100 $93,800 $139,300
2020 $3,971 $232,400 $93,800 $138,600
2019 $3,880 $224,000 $93,800 $130,200
2018 $3,789 $219,000 $93,800 $125,200
2017 $2,864 $168,100 $93,800 $74,300
2016 $2,840 $160,700 $160,700 $0
2015 $3,634 $160,700 $0 $0
2014 -- $128,000 $0 $0
2013 -- $118,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Craig Hinkle

    RE/MAX Michigan

    (989) 348-7440

    65 in this area

    166 Total Sales

    Craig Hinkle
    Section Image
  • Chelsea Partello

    Buyer Co-Listing Agent in 2022

    Chelsea Partello

    RE/MAX Michigan

    (989) 745-2125

    44 in this area

    75 Total Sales

    Chelsea Partello
    Section Image
See All Agents

Map

Source: Water Wonderland Board of REALTORS®

MLS Number: 201821097

Water Wonderland Board of REALTORS®

APN: 040-45-761-04-011-00

Michigan Crawford County Grayling 49738

10110 Portage Lake Dr, Grayling, MI

This home is located at 10110 Portage Lake Dr, Grayling, MI 49738 since 13 September 2022 and is currently estimated at $645,913, approximately $313 per square foot. 10110 Portage Lake Dr is a home located in Crawford County with nearby schools including Grayling Elementary School, Grayling Middle School, and Grayling High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Water Wonderland Board of REALTORS® The data relating to real estate on this web site comes in part from the Internet
Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate
listings held by brokerage firms other than Ten-X are marked with the WWLX
logo and the detailed information about said listing includes the listing office.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Ten-X shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Water Wonderland MLS, Inc © All rights reserved.

WWLX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Nearby Homes