$300,000
SOLD JUN 10, 2021

215 W Philip St Lake Leelanau, MI 49653

Lake Leelanau Neighborhood
3 Beds
3 Baths
1,472 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$204 Per Sq Ft

23 Days on Market

Highlights

  • Countryside Views
  • Farmhouse Style Home
  • Forced Air Heating and Cooling System
  • Deck
  • Covered patio or porch
  • 1-minute walk to Grove Park

About This Home

As of June 2021

Tri-plex in the village of Lake Leelanau zoned commercial fully rented with even more potential. Very nice layout with separate private areas outside each unit.3 one bedroom one bath units. Great income potential for Bed and Breakfast. Convenient location across the street from Grove Park with playground equipment/tennis court and less than and a block to downtown. Parking in the back.

Last Agent to Sell the Property

Chris Creamer

Five Star Real Estate - Front St TC License #6501216843 Listed on: 03/04/2021

Last Buyer's Agent

Chris Creamer

Five Star Real Estate - Front St TC License #6501216843 Listed on: 03/04/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,451

Year Built

  • Built in 1930

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50x116
  • The community has rules related to zoning restrictions

Home Design

  • Triplex
  • Farmhouse Style Home
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,472 Sq Ft Home
  • Ceiling Fan
  • Countryside Views
  • Michigan Basement

Kitchen

  • Oven or Range
  • Microwave

Outdoor Features

  • Deck
  • Covered patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Electric Water Heater

Listing and Financial Details

  • Rent includes trash removal, water, sewer

Community Details

Overview

  • 3 Units
  • Christina Schaub First Addn Community

Building Details

  • Net Operating Income $16,426

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,451

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Triplex
  • Style: Farm House
  • Estimated Year Built: 1930
  • Construction: Frame
  • Section Number: 26
  • Univs Design Barrier Free: Covered Entrance
  • Year Renovated: 2016
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Microwave, Ceiling Fan, Electric Water Heater
  • Interior Amenities: Drywall
  • Price Per Sq Ft: 203.8
  • Range: R 12W
  • Total Finished Sf Apx: 1472

Exterior Features

  • Exterior Features: Deck, Countryside View, Covered Porch
  • Exterior Finish: Vinyl Siding
  • Foundation: Michigan Basement
  • Number Of Acres: 0.13
  • Road: Public Maintained
  • Roof: Asphalt

Garage/Parking

  • Primary Garage: Alley Entrance

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Internet
  • Water: Private Well
  • Heating Cooling Type: Forced Air
  • Monthly Electricity Expense: 15

Association/Amenities

  • Development Name: Christina Schaub First ADDN

Schools

  • School District: Leland Public School District

Lot Info

  • Lot Dimensions: 50x116
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Commercial, Rental History

Rental Info

  • Included In Lease: Trash Removal, Water, Sewer

Tax Info

  • Summer Taxes: 1928
  • Taxable Value: 72557
  • Total Taxes: 2451
  • Winter Taxes: 523

Multi Family

  • Total Number Units: 3

MLS Schools

  • School District: Leland Public School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2016
Sold by
Lake Leelanau Omena Pro Llc
Bought by
Mork Robert J
Current Estimated Value
$406,246

Purchase Details

Closed on
Sep 4, 2001
Sold by
Provemont Prop
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 Type Sale Price Title Company
Grant Deed $182,500 --
Deed $160,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2021 06/10/21 Sold $300,000 +0.3% $204 / Sq Ft
03/04/2021 03/04/21 For Sale $299,000 -- $203 / 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 $2,998 $102,900 $0 $0
2024 $2,396 $95,400 $0 $0
2023 $2,265 $95,000 $0 $0
2022 $2,711 $82,500 $0 $0
2021 $2,439 $76,400 $0 $0
2020 $2,450 $84,400 $0 $0
2019 $2,278 $86,000 $0 $0
2018 -- $78,800 $0 $0
2017 -- $69,400 $0 $0
2016 -- $78,800 $0 $0
2015 -- $68,600 $0 $0
2014 -- $62,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Chris Creamer

    Five Star Real Estate - Front St TC

    (231) 866-1130

    1 in this area

    26 Total Sales

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1884677

Northern Great Lakes REALTORS® MLS

APN: 009-680-303-00

Michigan Leelanau County Lake Leelanau 49653 Lake Leelanau

215 W Philip St, Lake Leelanau, MI

This home is located at 215 W Philip St, Lake Leelanau, MI 49653 and is currently priced at $300,000, approximately $203 per square foot. This property was built in 1930. 215 W Philip St is a home located in Leelanau County with nearby schools including Leland Public School, Leelanau Montessori Public School Academy, and St. Mary School, Lake Leelanau.

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.

Northern Great Lakes REALTORS® MLS 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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