Seller's Agent in 2024
Kellie Sergent
Century 21 Northland-Elk Rapids
(231) 499-1814
111 Total Sales
13628 Rex Terrace Rd Rapid City, MI 49676
Estimated Value: $850,000 - $1,099,000
4
Beds
3
Baths
2,837
Sq Ft
$332/Sq Ft
Est. Value
Highlights
- Deeded Waterfront Access Rights
- 1,800 Feet of Waterfront
- Clubhouse
- Elk Rapids High School Rated A-
- Lake Privileges
- Deck
About This Home
As of August 2024Possibly a once in a lifetime opportunity to own this mid-century mod cottage located in the coveted Rex Terrace Association on Elk Lake. The rich history of this land began in the early 1900s and has been enjoyed by families for multiple generations. This was originally built as a a year-round caretakes home and continues to be one of very few that are used year round. This home sits perched on a hilltop, across from the shared recreational area and overlooking the courts; a space which can NEVER be built on, which means your panoramic view of Elk Lake can never be developed. The home has a modern, open feeling with beamed ceilings and stone fireplace. Brand new roof, Pella Windows and Sliders have been installed, as well as the exterior of the home has new stain and trim. There's a drive-under attached 2-car garage and a 28x48 pole building with 220amp service. The ammennities the Association offers to all of its owners and guests include 1800 ft of shared, private Elk Lake frontage, boat docking, club house, sun deck, tennis and pickleball court, laundry and play house. Plus there are trails throughout for a leisurely stroll. This home has never been on the open market and it is RARE that any homes ever are. Rex Terrace is a timeless Northern Michigan gem, that you have an opportunity to continue to cherish and enjoy for years and generations to come.
Last Agent to Sell the Property
Century 21 Northland-Elk Rapids License #6506048950 Listed on: 06/24/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $34
Year Built
- Built in 1962
Lot Details
- 0.66 Acre Lot
- Lot Dimensions are 158 x 181
- 1,800 Feet of Waterfront
- Landscaped
- Level Lot
- Cleared Lot
- Wooded Lot
- Garden
- The community has rules related to zoning restrictions
HOA Fees
- $83 Monthly HOA Fees
Property Views
- Water
- Countryside Views
- Seasonal
Home Design
- Raised Ranch Architecture
- Cottage
- Frame Construction
- Membrane Roofing
- Stone Siding
Interior Spaces
- 2,837 Sq Ft Home
- 1-Story Property
- Bookcases
- Beamed Ceilings
- Cathedral Ceiling
- Ceiling Fan
- Wood Burning Fireplace
- Blinds
- Bay Window
- Mud Room
- Great Room
- Den
Kitchen
- Oven or Range
- Cooktop
- Recirculated Exhaust Fan
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Crawl Space
- Basement Windows
Parking
- 2 Car Attached Garage
- Drive Under Main Level
Outdoor Features
- Deeded Waterfront Access Rights
- Property is near a lake
- Waterfront Park
- Lake Privileges
- Deck
- Pole Barn
- Rain Gutters
Schools
- Lakeland Elementary School
- Cherryland Middle School
- Elk Rapids High School
Utilities
- Zoned Heating and Cooling
- Cooling System Utilizes Oil
- Heating System Uses Oil
- Well
- Water Softener is Owned
Community Details
Overview
- Association fees include trash removal, lawn care
- Rex Terrace Community
Amenities
- Common Area
- Clubhouse
Recreation
- Tennis Courts
- Water Sports
- Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 24, 2024
Closed on
Aug 15, 2024
Sold by
Hefty Britton D
Bought by
Valentine Lynne
Seller's Agent
Kellie Sergent
Century 21 Northland-Elk Rapids
Buyer's Agent
Linda Schaub
REO-TCRandolph-233022
List Price
$875,000
Sold Price
$800,000
Premium/Discount to List
-$75,000
-8.57%
Views
60
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,751
Avg. Annual Appreciation
17.16%
Purchase Details
Closed on
Sep 19, 2018
Sold by
Hefty Duane S
Bought by
Hefty Britton D
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 |
|---|---|---|---|
| Valentine Lynne | $800,000 | Searchlight Title Svcs | |
| Hefty Britton D | -- | -- | |
| Hefty Duane S | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/16/2024 08/16/24 | Sold | $800,000 | -3.0% | $282 / Sq Ft |
| 07/28/2024 07/28/24 | Pending | -- | -- | -- |
| 07/11/2024 07/11/24 | Price Changed | $825,000 | -5.7% | $291 / Sq Ft |
| 06/24/2024 06/24/24 | For Sale | $875,000 | -- | $308 / 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 | $34 | $398,100 | $0 | $0 |
| 2024 | $34 | $397,700 | $0 | $0 |
| 2023 | $3,277 | $336,500 | $0 | $0 |
| 2022 | $4,188 | $247,700 | $0 | $0 |
| 2021 | $4,016 | $234,800 | $0 | $0 |
| 2020 | $3,798 | $231,000 | $0 | $0 |
| 2019 | $3,964 | $208,700 | $0 | $0 |
| 2018 | $3,976 | $195,400 | $0 | $0 |
| 2017 | $3,909 | $202,000 | $0 | $0 |
| 2016 | $2,728 | $196,400 | $0 | $0 |
| 2015 | -- | $198,000 | $0 | $0 |
| 2014 | -- | $180,200 | $0 | $0 |
| 2013 | -- | $163,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kellie Sergent
-
Linda Schaub
Buyer's Agent in 2024
Linda Schaub
Real Estate One
(231) 933-9581
569 Total Sales
Map
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1923903
APN: 05-12-730-007-00
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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