NOT LISTED FOR SALE

1990 Lake Shore Dr Topinabee, MI 49791

Estimated Value: $359,388 - $452,000

2 Beds
1 Bath
1,150 Sq Ft
1,220 Sq Ft Lot

Last Sold May 10, 2019

Last sale price $212,500 $185 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $2,527/month

55 Days on Market

Highlights

  • Docks
  • Deck
  • Patio
  • Waterfront
  • Sun or Florida Room
  • Living Room

About This Home

As of May 2019

Whether you are looking for a vacation get away with extra income potential, a rental investment opportunity, or a family get-away, this is the property you're looking for. Recently remodeled cottage sitting on 92.5' of prime Mullett Lake frontage with 2 bedrooms, a full bath, spacious kitchen/dining/living area, a sun room, a laundry area and private dock. There's a spacious sun room with 180 degree view of the lake and a large deck. The seller is offering a turn key option that includes furnishings, kitchen equipment, linens, etc. Owner currently uses it several times a year and rents it the balance of the year. The gross rental income (before management fees) for 2017 was approximately $18,000 (with the unit being closed for 5 months) but could increase during snowmobile season.

Last Agent to Sell the Property

Carol Steiger

Berkshire Hathaway Homeservices Indian River License #6506042193 Listed on: 09/07/2018

Berkshire Hathaway Homeservices Indian River

Last Buyer's Agent

Carol Steiger

Berkshire Hathaway Homeservices Indian River License #6506042193 Listed on: 09/07/2018

Berkshire Hathaway Homeservices Indian River

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,669

Lot Details

  • Waterfront
  • Landscaped

Home Design

  • Frame Construction

Interior Spaces

  • 1,150 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Crawl Space

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Laundry in Kitchen
  • Dryer
  • Washer

Outdoor Features

  • Docks
  • Deck
  • Patio
  • Shed

Utilities

  • Heating Available
  • Shared Well
  • Shared Septic

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,669

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 1150.00
  • Home Age: Unknown
  • Directions: Straits Hwy just north of Topinabee to Lake Shore Dr. left at boat launch almost to the end of the road.
  • Garage Yn: No
  • Lot Size: 92.5 x 103
  • Open House Office I D: 20050121235008103731000000
  • Prop. Type: Residential
  • Dining Room Level: 1st
  • Kitchen Level: 1st
  • Living Room Level: 1st
  • OFFICELIST_STATE: MI
  • Building Style: 1+ Story
  • Total Bedrooms: 2
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • AppliancesAndEquipmt: Dishwasher, Drapes, Dryer, Range/Oven, Refrigerator, Washer
  • BasementSpecifics: None
  • Foreclosure: No
  • Interior Amenities: Doorwall
  • Laundry: Kitchen, Main Level
  • Other Rooms: Sun Room
  • Total Bathrooms: 1.00
  • Basement Type: Residential Water

Exterior Features

  • Exterior Construction: Frame
  • Exterior: Wood
  • Exterior Features: Deck, Dock, Landscaped, Patio/Porch, Shed
  • Foundation: Crawl
  • Road: Gravel, Private
  • Waterfront: Yes

Garage/Parking

  • Garage Stall: 0
  • Garage Type: None

Utilities

  • Heating Air: Electric
  • Sewer: Shared Septic
  • Hot Water: Shared Well

Schools

  • School District: Cheboygan Area
  • School District: Cheboygan Area
  • Elem School Dist Number: 1990

Lot Info

  • Water Mineral Rights: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2018
Closed on
May 9, 2019
Sold by
Equity T Co
Bought by
Curry Chadwick R and Curry Sharon E
Seller's Agent
Carol Steiger
Berkshire Hathaway Homeservices Indian River
Buyer's Agent
Carol Steiger
Berkshire Hathaway Homeservices Indian River
Sold Price
$212,500
Current Estimated Value
$395,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,963
Avg. Annual Appreciation
10.61%
Original Mortgage
$159,375
Outstanding Balance
$140,998
Interest Rate
4.1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$261,340

Purchase Details

Listed on
Sep 7, 2018
Closed on
May 8, 2019
Sold by
Equity T Co
Bought by
Curry Kenneth C and Curry Lynn M
Seller's Agent
Carol Steiger
Berkshire Hathaway Homeservices Indian River
Buyer's Agent
Carol Steiger
Berkshire Hathaway Homeservices Indian River
Sold Price
$212,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,375
Outstanding Balance
$140,998
Interest Rate
4.1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$261,340

Purchase Details

Closed on
Dec 27, 2012
Sold by
Flynn Kelly
Bought by
Equity Trust Company Custodian Fbo Kathl

Purchase Details

Closed on
Jul 1, 2005
Sold by
Williams Keith and Suzanne E
Bought by
Williams, Keith Trustee
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
Curry Chadwick R $212,500 Bell Title Agency
Curry Kenneth C $212,500 --
Equity Trust Company Custodian Fbo Kathl $382,000 --
Williams, Keith Trustee -- --
Williams, Paul Trustee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Curry Kenneth C $159,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2019 05/10/19 Sold $212,500 -- $185 / Sq Ft
11/01/2018 11/01/18 Pending -- -- --
Source: Water Wonderland Board of REALTORS®

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 $4,669 $146,400 $0 $0
2024 $1,364 $139,900 $0 $0
2023 $1,307 $117,700 $0 $0
2022 $1,245 $114,200 $0 $0
2021 $4,171 $103,300 $103,300 $0
2020 $4,111 $100,800 $100,800 $0
2019 $3,064 $89,000 $89,000 $0
2018 $2,990 $90,400 $0 $0
2017 $2,894 $89,800 $0 $0
2016 $2,862 $89,800 $0 $0
2015 -- $90,000 $0 $0
2014 -- $80,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carol Steiger

    Seller's Agent in 2019

    Carol Steiger

    Berkshire Hathaway Homeservices Indian River

    94 Total Sales

    Carol Steiger
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Map

Source: Water Wonderland Board of REALTORS®

MLS Number: 315926

Water Wonderland Board of REALTORS®

APN: 130-T35-000-001-00

Michigan Cheboygan County Topinabee 49721

1990 Lake Shore Dr, Topinabee, MI

This home is located at 1990 Lake Shore Dr, Topinabee, MI 49791 since 07 September 2018 and is currently estimated at $395,463, approximately $343 per square foot. 1990 Lake Shore Dr is a home located in Cheboygan County with nearby schools including Inland Lakes Elementary School and Inland Lakes Secondary School.

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