NOT LISTED FOR SALE

1994 Lake Shore Dr Topinabee, MI 49791

Estimated Value: $356,509 - $433,000

2 Beds
1 Bath
1,050 Sq Ft
1,307 Sq Ft Lot

Last Sold May 10, 2019

Last sale price $212,500 $202 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $2,497/month

55 Days on Market

Highlights

  • Docks
  • Waterfront
  • Patio
  • Spa
  • Deck
  • 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 laundry area and private dock. There's a spacious deck on the lake side with a 6 person hot tub. 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 $27,500 (the unit rented at $2,200 a month and was available during hunting and snowmobile season. See addendum for more info!

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

  • $4,747

Lot Details

  • Waterfront
  • Landscaped

Home Design

  • Frame Construction

Interior Spaces

  • 1,050 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining 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

  • Spa
  • Docks
  • Deck
  • Patio

Utilities

  • Heating Available
  • Shared Well
  • Shared Septic

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,747

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 1050.00
  • 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, Hot Tub
  • Laundry: Kitchen, Main Level
  • Total Bathrooms: 1.00
  • Basement Type: Residential Water

Exterior Features

  • Exterior Construction: Frame
  • Exterior: Wood
  • Exterior Features: Deck, Dock, Hot Tub, Landscaped, Patio/Porch
  • 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: 1994

Lot Info

  • Water Mineral Rights: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2012
Sold by
Flynn Kelly
Bought by
Equity Trust Company Custodian Fbo Kathl
Current Estimated Value
$385,503

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
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 Chadwick R $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2019 05/10/19 Sold $212,500 -- $202 / 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 $4,747 $141,000 $0 $0
2024 $1,387 $134,900 $0 $0
2023 $1,329 $114,200 $0 $0
2022 $1,266 $111,000 $0 $0
2021 $4,241 $105,100 $105,100 $0
2020 $4,180 $102,500 $102,500 $0
2019 $3,456 $104,300 $104,300 $0
2018 $3,373 $105,400 $0 $0
2017 $3,264 $104,600 $0 $0
2016 $3,227 $104,500 $0 $0
2015 -- $104,800 $0 $0
2014 -- $90,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Water Wonderland Board of REALTORS®

MLS Number: 315927

Water Wonderland Board of REALTORS®

APN: 130-T35-000-002-00