NOT LISTED FOR SALE

103 W Main St Lake Leelanau, MI 49653

Lake Leelanau Neighborhood

Estimated Value: $240,169 - $781,000

5 Beds
4 Baths
3,084 Sq Ft
$158/Sq Ft Est. Value

Last Sold August 24, 2018

Last sale price $325,000 $105 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,423/month

6 Days on Market

Highlights

  • Barn
  • Deck
  • 3-minute walk to Narrows Park
  • Second Garage
  • Baseboard Heating

About This Home

As of August 2018

Unique 3,084 sq ft 4 unit apartment building centrally located in downtown Lake Leelanau within Leland Township! This low maintenance income property offers stable rental history with 4 individually metered apartments, sewer, new roof, basement, and includes an adjacent 45’x42’ buildable parcel with an existing workshop. Units include one 2 bedroom, two 1 bedroom’s, and a studio. C-1 Village Commercial Zoning allows for a variety of potential uses including retail businesses, professional offices, residential use, B & B, hotels, restaurants, etc. Fantastic investment opportunity in central Leelanau County!

Last Agent to Sell the Property

Victoria Oltersdorf

OLTERSDORF REALTY, LLC License #6502340603 Listed on: 07/27/2018

Last Buyer's Agent

Kimberly Kamrow

Keller Williams Northern Michi License #6501373846

Keller Williams Northern Michi

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $584

Year Built

  • Built in 1906

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 174x136x105
  • The community has rules related to zoning restrictions

Home Design

  • Stone Foundation
  • Poured Concrete
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,084 Sq Ft Home
  • 1.5-Story Property
  • Oven or Range

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Crawl Space

Parking

  • Garage
  • Second Garage

Utilities

  • Baseboard Heating
  • Well
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • Barn

Community Details

  • 4 Units
  • Village Of Provemont Community

Listing and Financial Details

  • Rent includes exterior maintenance, trash removal, snow removal, water, sewer

Property Details

Home Type

Apartment

Est. Annual Taxes

$584

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: 4 - Plex
  • Style: 1.5 Story, Apartment
  • Estimated Year Built: 1906
  • Construction: Frame
  • Section Number: 26
  • Univs Design Barrier Free: Main Floor Access
  • Year Updated: 2017
  • Year Renovated: 1994
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1906

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Washer, Dryer, Electric Water Heater
  • Interior Amenities: Laundry Hook-Up
  • Price Per Sq Ft: 105.38
  • Range: R 12W
  • Total Finished Sf Apx: 3084

Exterior Features

  • Additional Buildings: Secondary Garage(s), Barn(s), Workshop
  • Exterior Features: Deck, Sidewalk
  • Exterior Finish: Vinyl Siding
  • Foundation: Partial, Crawl Space, Poured Concrete, Entrance Inside, Stone
  • Number Of Acres: 0.16
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Tv, Cable Internet
  • Water: Private Well
  • Heating Cooling Type: Baseboard

Association/Amenities

  • Development Name: Village of Provemont

Schools

  • School District: Leland Public School District

Lot Info

  • Lot Dimensions: 174x136x105
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Commercial

Rental Info

  • Included In Lease: Exterior Maintenance, Trash Removal, Snow Removal, Water, Sewer

Multi Family

  • Total Number Units: 4

MLS Schools

  • School District: Leland Public School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2018
Closed on
Aug 23, 2018
Sold by
Belanger Paul J
Bought by
Metcalf Jason A and Wright Craig L
Seller's Agent
Victoria Oltersdorf
OLTERSDORF REALTY, LLC
Buyer's Agent
Kimberly Kamrow
Keller Williams Northern Michi
List Price
$335,000
Sold Price
$325,000
Premium/Discount to List
-$10,000
-2.99%
Current Estimated Value
$429,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,931
Avg. Annual Appreciation
3.08%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Metcalf Jason A $325,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2018 08/24/18 Sold $325,000 -3.0% $105 / Sq Ft
07/27/2018 07/27/18 For Sale $335,000 -- $109 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

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 $584 $29,500 $0 $0
2024 $486 $26,400 $0 $0
2023 $460 $25,800 $0 $0
2022 $527 $18,000 $0 $0
2021 $502 $17,500 $0 $0
2020 $505 $17,400 $0 $0
2019 $487 $15,700 $0 $0
2018 -- $12,200 $0 $0
2017 -- $12,200 $0 $0
2016 -- $12,200 $0 $0
2015 -- $11,600 $0 $0
2014 -- $13,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Victoria Oltersdorf

    Seller's Agent in 2018

    Victoria Oltersdorf

    OLTERSDORF REALTY, LLC

    (231) 271-7777

    116 Total Sales

    Section Image
  • Kimberly Kamrow

    Buyer's Agent in 2018

    Kimberly Kamrow

    Keller Williams Northern Michi

    (231) 947-8200

    64 Total Sales

    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1850575

Northern Great Lakes REALTORS® MLS

APN: 009-770-308-00

Michigan Leelanau County Lake Leelanau 49653 Lake Leelanau

103 W Main St, Lake Leelanau, MI

This home is located at 103 W Main St, Lake Leelanau, MI 49653 since 27 July 2018 and is currently estimated at $487,042, approximately $157 per square foot. This property was built in 1906. 103 W Main St is a home located in Leelanau County with nearby schools including Leland Public School, Leelanau Montessori Public School Academy, and St. Mary School, Lake Leelanau.

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.

Northern Great Lakes REALTORS® MLS The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

Copyright 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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