NOT LISTED FOR SALE

10566 Lake of the Woods Rd Mancelona, MI 49659

Estimated Value: $169,000 - $282,000

4 Beds
2 Baths
1,100 Sq Ft
$187/Sq Ft Est. Value

Last Sold July 18, 2023

Last sale price $145,000 $132 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,387/month

7 Days on Market

Highlights

  • Greenhouse
  • Deck
  • Porch
  • Second Garage
  • Balcony
  • Attached Garage

About This Home

As of July 2023

Ideal rental units snuggle into the countryside of Northern Michigan. Apartment A is a trailer home (1981) and was updated with 6” deep insulated walls and siding in 2000. Apartment B: a foyer room, 2 car garage and efficiency 2-bedroom apartment were added on in 2010. 4 spacious out buildings in addition to a large 2-car garage. Spacious upper deck and main floor patio are perfect for relaxing in the sun. Continue to rent to both renters for immediate income, or live in one while renting the other apartment. Endless possibilities with this property! Located in the heart of Antrim County, close to Alden, Mancelona and Bellaire, in addition to Shanty Creek Resorts and many lakes and rivers.

Last Agent to Sell the Property

Bryan Hardy

REO-TCBellaire-233025 License #6501424482 Listed on: 05/24/2023

REO-TCBellaire-233025

Last Buyer's Agent

Blayke Gallie

EXP Realty License #6501423379

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,622

Year Built

  • Built in 1981

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 205x205
  • The community has rules related to zoning restrictions

Home Design

  • Duplex
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,100 Sq Ft Home
  • 2-Story Property
  • Paneling
  • Ceiling Fan
  • Blinds
  • Entrance Foyer
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Parking

  • Attached Garage
  • Second Garage
  • Garage Door Opener

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Greenhouse
  • Pole Barn
  • Shed
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Baseboard Heating
  • Propane
  • Well
  • Electric Water Heater
  • Satellite Dish

Community Details

  • 2 Units
  • Metes And Bounds Community

Listing and Financial Details

  • Rent includes exterior maintenance, trash removal, snow removal, heating/cooling, electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,622

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Duplex (Side X Side)
  • Style: 2 Story, 1 Story
  • Estimated Year Built: 1981
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1981
  • Year Renovated: 2010

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Window A/C Unit (s), Exhaust Fan, Blinds, Ceiling Fan, Electric Water Heater, Smoke Alarms
  • Interior Amenities: Foyer Entrance, Drywall, Paneling
  • Range: R 7W
  • Total Finished Sf Apx: 1100

Exterior Features

  • Additional Buildings: Secondary Garage(s), Pole Building(s), Barn(s), Garden/Storage Shed, Greenhouse
  • Exterior Features: Deck, Sidewalk, Patio, Porch, Balcony
  • Exterior Finish: Vinyl Siding
  • Foundation: Crawl Space, Slab
  • Number Of Acres: 1
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Garage/Parking

  • Primary Garage: Two Car, Attached, Door Opener, Concrete Floors

Utilities

  • Sewer: Private Septic
  • Tv Service Internet Avail: Dish Tv
  • Water: Private Well
  • Heating Cooling Type: Forced Air, Baseboard, Window Air Conditioner

Association/Amenities

  • Development Name: Metes and bounds

Lot Info

  • Lot Dimensions: 205x205
  • Zoning Use Restrictions: Not Zoned

Rental Info

  • Included In Lease: Exterior Maintenance, Trash Removal, Snow Removal, Heating/Cooling, Electric
  • Rent Spree Y N: No

Multi Family

  • Total Number Units: 2

MLS Schools

  • School District: Mancelona Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2023
Closed on
Jul 18, 2023
Sold by
Raine Loie F Trust
Bought by
Pickard Mackenzie and Pickard Tyler Pickard
Seller's Agent
Bryan Hardy
REO-TCBellaire-233025
Buyer's Agent
Blayke Gallie
EXP Realty
List Price
$159,000
Sold Price
$145,000
Premium/Discount to List
-$14,000
-8.81%
Views
118
Current Estimated Value
$206,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,215
Avg. Annual Appreciation
16.70%
Original Mortgage
$116,000
Outstanding Balance
$70,029
Interest Rate
6.1%
Mortgage Type
New Conventional
Estimated Equity
$136,186

Purchase Details

Closed on
May 9, 2008
Bought by
Rainey-Boucard Loie F
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
Pickard Mackenzie $145,000 Corporate Settlement Solutions
Rainey-Boucard Loie F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pickard Mackenzie $116,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2023 07/18/23 Sold $145,000 -8.8% $132 / Sq Ft
05/31/2023 05/31/23 Pending -- -- --
05/24/2023 05/24/23 For Sale $159,000 -- $145 / 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 $3,622 $83,400 $0 $0
2024 $28 $79,000 $0 $0
2023 $680 $85,000 $0 $0
2022 $995 $56,500 $0 $0
2021 $957 $54,600 $0 $0
2020 $933 $49,700 $0 $0
2019 $903 $46,100 $0 $0
2018 $889 $47,000 $0 $0
2017 $872 $44,800 $0 $0
2016 $594 $43,300 $0 $0
2015 -- $32,900 $0 $0
2014 -- $32,200 $0 $0
2013 -- $30,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1911512

Northern Great Lakes REALTORS® MLS

APN: 05-04-029-005-20