Seller's Agent in 2013
Carole Higgins
Cygnus Real Estate
(231) 633-2577
24 Total Sales
111 S Elm St Suttons Bay, MI 49682
Estimated Value: $599,232 - $699,000
5
Beds
2
Baths
2,760
Sq Ft
$233/Sq Ft
Est. Value
Highlights
- Bay View
- Patio
- Heating System Uses Steam
- Deck
- Zoned Heating and Cooling
About This Home
As of February 2013Great opportunity 2 invest in Suttons Bay Village. Seller is motivated to sell and may consider carrying a small second behind the first for a short period of time. Property can also be used as straight rental & will return appx 9% cash-on-cash with an appx 7% rate of capitalization based on 80% LTV, 30 year fully amortizing loan @ current quoted fixed rate 3.875 % with 2.75 points. Ask Me How!
Last Agent to Sell the Property
Cygnus Real Estate License #6502370294 Listed on: 02/02/2012
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,357
Year Built
- Built in 1968
Lot Details
- 0.41 Acre Lot
- Lot Dimensions are 90x185
- The community has rules related to zoning restrictions
Home Design
- Slab Foundation
- Composition Roof
- Membrane Roofing
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2,760 Sq Ft Home
- 2-Story Property
- Bay Views
- Washer and Dryer Hookup
Kitchen
- Oven or Range
- Dishwasher
- Disposal
Outdoor Features
- Deck
- Patio
Utilities
- Zoned Heating and Cooling
- Heating System Uses Steam
- Cable TV Available
Listing and Financial Details
- Rent includes exterior maintenance, heating/cooling, electric, management fee, water, sewer, furniture
Community Details
Overview
- 3 Units
- Suttons Bay Village Community
Building Details
- Net Operating Income $17,742
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 16, 2023
Sold by
Mid On Elm Llc
Bought by
Yeti Llc
Current Estimated Value
Purchase Details
Closed on
Feb 16, 2018
Sold by
Mid On Elm Llc
Bought by
Yeti & Hobbs Habitat 1 Llc
Purchase Details
Listed on
Feb 2, 2012
Closed on
Feb 28, 2013
Sold by
Freiburger Donald J Tst
Bought by
Freiburger Donald J Tst
Seller's Agent
Carole Higgins
Cygnus Real Estate
Buyer's Agent
Carole Higgins
Cygnus Real Estate
List Price
$275,000
Sold Price
$213,500
Premium/Discount to List
-$61,500
-22.36%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.57%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Yeti Llc | $250,000 | -- | |
| Yeti & Hobbs Habitat 1 Llc | $255,000 | -- | |
| Freiburger Donald J Tst | $213,500 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/28/2013 02/28/13 | Sold | $213,500 | -22.4% | $77 / Sq Ft |
| 01/16/2013 01/16/13 | Pending | -- | -- | -- |
| 02/02/2012 02/02/12 | For Sale | $275,000 | -- | $100 / Sq Ft |
Source: Northern Great Lakes REALTORS® MLS
Tax History Compared to Growth
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 | $9,357 | $256,040 | $0 | $0 |
| 2024 | $10,028 | $242,980 | $0 | $0 |
| 2023 | $8,088 | $208,590 | $0 | $0 |
| 2022 | $8,722 | $189,430 | $0 | $0 |
| 2021 | $6,936 | $210,130 | $0 | $0 |
| 2020 | $6,882 | $186,460 | $0 | $0 |
| 2019 | $8,137 | $174,100 | $0 | $0 |
| 2018 | -- | $142,400 | $0 | $0 |
| 2017 | -- | $144,740 | $0 | $0 |
| 2016 | -- | $145,640 | $0 | $0 |
| 2015 | -- | $141,770 | $0 | $0 |
| 2014 | -- | $128,540 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Carole Higgins
Map
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1733070
APN: 043-825-015-00
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.
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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