NOT LISTED FOR SALE

1460 E North Down River Rd Grayling, MI 49738

Grayling Area

Estimated Value: $119,647

3 Beds
1 Bath
1,298 Sq Ft
$92/Sq Ft Est. Value

Sale Details

Date Sold: March 27, 2026

Last sale price $112,500 $87 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $723 / mo

8 Days on Market

Highlights

  • RV Access or Parking
  • Radiant Floor
  • First Floor Utility Room
  • 3 Acre Lot
  • Main Floor Bedroom
  • 1.5 Car Detached Garage

About This Home

As of March 2026

Amazing opportunity! Priced to sell quickly, this property is in close proximity to Stephan Bridge Road public access to the Holy Waters of the AuSable River. Zoned residential and commercial, the current owner operated a fly shop from the property. Multiple outbuildings on property for flexible use of personal storage or workshop. One bedroom on the main floor with the second and possibly a 3rd bedroom and/or office upstairs totaling approximately 1,298 square feet of living space including that finished upstairs. Property is in the process of being cleaned up through an auction house so all personal property will be removed by January 31 and not negotiable as part of a sale. Possession available February 1 or later.

Last Agent to Sell the Property

Chet Wheeler

Re/Max Of Grayling License #6501394433 Listed on: 01/06/2026

Re/Max Of Grayling

Last Buyer's Agent

Chet Wheeler

Re/Max Of Grayling License #6501394433 Listed on: 01/06/2026

Re/Max Of Grayling
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 3 Acre Lot
  • Lot Dimensions are 300x400
  • Adjoins Government Land
  • Garden

Home Design

  • Frame Construction

Interior Spaces

  • 1,298 Sq Ft Home
  • Family Room on Second Floor
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Laundry on main level
  • Radiant Floor
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Parking

  • 1.5 Car Detached Garage
  • RV Access or Parking

Outdoor Features

  • Patio
  • Shed

Utilities

  • Heating System Uses Propane
  • Wall Furnace
  • Well

Community Details

  • T26n R2w Subdivision

Listing and Financial Details

  • Assessor Parcel Number 040-40-005-05-020-00
  • Tax Block 5

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

3 Acres

Listing Details

  • Directions: From Grayling, take North Down River road east out of town to last driveway on right before Stephan Bridge Road.
  • Garage Yn: Yes
  • Lot Size: 300x400
  • Prop. Type: Residential-Single Family
  • Bedroom 1 Level: 1st
  • Bedroom 2 Level: Upper
  • Dining Room Level: 1st
  • Kitchen Level: 1st
  • Living Room Level: 1st
  • Year Built: 1940
  • PropertySubType: Residential Acreage
  • Road Frontage Type: None
  • ResoLaundryFeatures: Main Level
  • Lot Size Acres: 3.0
  • Road Surface Type: Paved, Maintained
  • Co List Office Phone: 989-348-7440
  • MLS Status: Closed
  • Subdivision Name: T26N R2W
  • Above Grade Finished Sq Ft: 1298.0
  • ResoBuildingAreaSource: Owner
  • Contract Information:Short Sale: No
  • Property Information Waterfront: No
  • Property Information Total Bathrooms2: 1.0
  • Property Information:Style2: 2+ Story
  • Property Information Construction: Frame
  • Road:Road: Paved, Maintained, Public
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Michigan/Utility
  • Family Room Level: upper
  • Utility Room Level: 1st
  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Garden Area, Patio/Porch, RV Parking, Shed, Adj State/Federal Ld
  • Waterfront: No
  • Foundation Details: Basement
  • Exterior:Exterior: Half Log

Garage/Parking

  • Property Information:Garage Stall2: 1.5
  • Property Information:Garage Type2: Detached/UN

Utilities

  • Sewer: Septic Tank
  • Heating: Propane, Radiant Floor, Wall Furnace
  • HeatingYN: Yes
  • Water Source: Well

Association/Amenities

  • TaxesAndPossessionAssociationDues: No

Schools

  • Junior High Dist: Crawford Ausable

Lot Info

  • Lot Size Sq Ft: 130680.0
  • Parcel Number: 040-40-005-05-020-00

Tax Info

  • Tax Block: 5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2026
Closed on
Mar 26, 2026
Sold by
Bought by
Seller's Agent
Chet Wheeler
Re/Max Of Grayling
Buyer's Agent
Chet Wheeler
Re/Max Of Grayling
List Price
$129,900
Sold Price
$112,500
Premium/Discount to List
-$17,400
-13.39%
Views
147
Current Estimated Value
$119,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,147
Avg. Annual Appreciation
19.24%
Original Mortgage
$90,000
Outstanding Balance
$89,696
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$29,951

Purchase Details

Closed on
Nov 5, 2018
Sold by
Bought by

Purchase Details

Closed on
Sep 28, 2007
Sold by
Bought by

Purchase Details

Closed on
Sep 8, 2007
Sold by
Bought by

Purchase Details

Closed on
Feb 9, 2005
Sold by
Bought by

Purchase Details

Closed on
Feb 5, 2005
Sold by
Bought by

Purchase Details

Closed on
Sep 16, 2002
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$112,500 --
-- --
$45,000 --
$45,000 --
-- --
-- --
$15,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $90,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/27/2026 03/27/26 Sold $112,500 -13.4% $87 / Sq Ft
01/14/2026 01/14/26 Pending -- -- --
01/06/2026 01/06/26 For Sale $129,900 -- $100 / Sq Ft
Source: Water Wonderland Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $769 $67,600 $4,800 $62,800
2025 $453 $62,100 $4,800 $57,300
2024 $443 $59,200 $4,800 $54,400
2023 $424 $50,400 $4,800 $45,600
2022 $403 $43,200 $4,800 $38,400
2021 $651 $40,200 $4,800 $35,400
2020 $643 $38,900 $4,800 $34,100
2019 $629 $33,700 $4,800 $28,900
2018 $619 $32,600 $4,800 $27,800
2017 $411 $29,300 $4,800 $24,500
2016 $407 $27,100 $4,800 $22,300
2015 $589 $27,100 $0 $0
2014 -- $25,100 $0 $0
2013 -- $24,900 $0 $0
Source: Public Records

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Map

Source: Water Wonderland Board of REALTORS®

MLS Number: 201838417

Water Wonderland Board of REALTORS®

APN: 040-40-005-05-020-00

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