NOT LISTED FOR SALE

1748 Moulton Rd Kewadin, MI 49648

Estimated Value: $1,666,000 - $2,462,000

3 Beds
2 Baths
1,892 Sq Ft
$1,029/Sq Ft Est. Value

Last Sold April 15, 2022

Last sale price $1,350,000 $714 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $10,544/month

61 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Elk Rapids High School Rated A-
  • Guest House
  • Bay View

About This Home

As of April 2022

Wow! Dreaming of owning a piece of one of the most beautiful lakefront properties in Northern Michigan? Look no further! This quality built cottage, with rare guest house and two stall garage on Torch Lake is now available to make your dreams come true! Enjoy the pristine, Caribbean-like waters of the prime, north portion of the 18,770 acre/19 mile Torch Lake at your very own cottage. This idyllic property offers an evergreen-lined driveway leading you to your new vacation or fulltime home. In addition to the 1.56 acre lot, this property features wide, panoramic views of the lake, sprawling deck areas, and an area for a dock. Imagine yourself entertaining in the huge family room and/or outdoor areas. The main cottage offers a home office area, kitchen with amply cabinetry, den area, 25x30 foot family room with cathedral ceilings and several sliders to the wraparound deck, master suite with sliders to deck, main floor laundry, lower-level bedroom, and large storage area with workshop. There's lots of room for an additional bathroom in the basement. The guest cottage includes a sunroom, 14x19 living/sleep area, kitchen, full bathroom and loft area for additional beds. The garage offers two indoor spaces, plus two covered carports, and a workshop/storage. What more could you ask for? 1748 Moulton is a once in a lifetime opportunity with hard-to-find privacy, 85 feet of Torch Lake waterfront, and plenty of room to work, play, or just relax!

Last Agent to Sell the Property

Jane Payne

Keller Williams Northern Michi License #6506046454 Listed on: 02/01/2022

Keller Williams Northern Michi

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $205

Year Built

  • Built in 1987

Lot Details

  • 1.6 Acre Lot
  • Lot Dimensions are 85x820
  • Private Waterfront
  • 85 Feet of Waterfront
  • Sandy Beach
  • Cul-De-Sac
  • Bluff on Lot
  • Sloped Lot
  • Garden
  • The community has rules related to zoning restrictions

Home Design

  • Cottage
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,892 Sq Ft Home
  • 1-Story Property
  • Bookcases
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Drapes & Rods
  • Blinds
  • Great Room
  • Den
  • Workshop
  • Bay Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space
  • Basement Window Egress

Parking

  • 2 Car Detached Garage
  • Carport

Outdoor Features

  • Deeded Waterfront Access Rights
  • Tiered Deck

Additional Homes

  • Guest House

Schools

  • Lakeland Elementary School
  • Cherryland Middle School
  • Elk Rapids High School

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Propane Water Heater
  • Cable TV Available

Community Details

Overview

  • "Crash Landing" Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$205

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Cottage, 1 Story
  • Estimated Year Built: 1987
  • Construction: 2x6 Framing
  • Principal Residence: Yes
  • Private Shared: Private
  • Section Number: 30
  • Univs Design Barrier Free: Main Floor Access, Covered Entrance, Low Threshold Shower, Grab Bars
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1987

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Blinds, Drapes, Curtain Rods, Ceiling Fan, Propane Water Heater
  • Interior Amenities: Skylights, Cathedral Ceilings, Built-In Bookcase, Island Kitchen, Great Room, Den/Study, Workshop
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 14x11'5", On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 16'8"x11, On Level: Lower Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 19x14, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 2
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 2
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 12x8' 5", On Level: Main Floor, Flooring: Tile
  • Kitchen: Dimensions: 16' 8"x11' 2", On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 30x25, On Level: Main Floor, Flooring: Wood
  • Estimated Above Ground Finished Sq Ft: 1692
  • Estimated Below Grade Finished Sq Ft: 200
  • Estimated Below Grade Unfinished Sq Ft: 1492
  • Price Per Sq Ft: 713.53
  • Range: R 8W
  • Total Finished Sf Apx: 1892

Exterior Features

  • Additional Buildings: Guest House
  • Body Of Water: Torch Lake
  • Exterior Features: Bay View, Deck, Multi-Level Decking, Garden Area
  • Exterior Finish: Wood
  • Foundation: Full, Crawl Space, Poured Concrete, Finished Rooms, Egress Windows, Unfinished
  • Lake Size: 18,770
  • Number Of Acres: 1.6
  • Road: Cul-de-Sac, Public Maintained, Blacktop
  • Roof: Composite
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Sandy Bottom, Gradual Slope to Water, Bluff (greater than 10ft), Stony Bottom
  • Waterfront Frontage: 85

Garage/Parking

  • Driveway: Concrete, Stone
  • Garage Capacity: 2
  • Primary Garage: Detached, Carport, Concrete Floors

Utilities

  • Fireplaces And Stoves: Gas
  • Heating Cooling Types: Forced Air
  • Laundry: Dimensions: 10'8"x7'7", On Level: Main Floor, Flooring: Tile
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV
  • Water: Private Well

Association/Amenities

  • Development Name: "Crash Landing"

Schools

  • School District: Elk Rapids Schools
  • Elementary School: Lakeland Elementary School
  • Middle School: Cherryland Middle School
  • High School: Elk Rapids High School

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Evergreens, Sloping, Bluff Site
  • Lot Dimensions: 85x820
  • Mineral Rights: Unknown
  • Parcel Description: Condo/None
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

Tax Info

  • Summer Taxes: 3328
  • Taxable Value: 233690

MLS Schools

  • Elementary School: Lakeland Elementary School
  • HighSchool: Elk Rapids High School
  • School District: Elk Rapids Schools
  • Middle School: Cherryland Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2022
Closed on
Apr 15, 2022
Sold by
Adams Patsy M and Adams James L
Bought by
Busuito Christina and Marshall Nathan
Seller's Agent
Jane Payne
Keller Williams Northern Michi
List Price
$1,400,000
Sold Price
$1,350,000
Premium/Discount to List
-$50,000
-3.57%
Current Estimated Value
$1,947,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$597,084
Avg. Annual Appreciation
11.34%
Original Mortgage
$1,080,000
Outstanding Balance
$1,017,730
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$929,354
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
Busuito Christina $1,350,000 Irongate Title Agcy Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Busuito Christina $1,080,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2022 04/15/22 Sold $1,350,000 0.0% $714 / Sq Ft
04/03/2022 04/03/22 Pending -- -- --
03/01/2022 03/01/22 Price Changed $1,350,000 -3.6% $714 / Sq Ft
02/01/2022 02/01/22 For Sale $1,400,000 -- $740 / 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 $205 $701,600 $0 $0
2024 $205 $678,000 $0 $0
2023 $19,622 $673,400 $0 $0
2022 $5,457 $373,800 $0 $0
2021 $5,105 $337,200 $0 $0
2020 $4,830 $334,200 $0 $0
2019 $5,019 $322,700 $0 $0
2018 $4,905 $316,900 $0 $0
2017 $4,737 $281,100 $0 $0
2016 $3,376 $288,600 $0 $0
2015 -- $279,100 $0 $0
2014 -- $263,500 $0 $0
2013 -- $265,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1896591

Northern Great Lakes REALTORS® MLS

APN: 05-14-130-008-00