NOT LISTED FOR SALE

2489 N Setterbo Rd Suttons Bay, MI 49682

Estimated Value: $222,000 - $398,000

20.72 Acres
$14,961 Price per Acre
902,563 Sq Ft Lot

Last Sold January 11, 2018

Last sale price $145,000

Est. 114% increase in value since last sale

Current estimated payment $1,725/month

201 Days on Market

Highlights

  • 20.72 Acre Lot
  • Farm
  • Level Lot

About This Lot

As of January 2018

20+ acres of pure Leelanau orchard property. Approximately 14 acres of cherry trees and 6 acres that previously had apple trees. There is a lease on the cherry orchard through September of 2018 and the lease payments average about $5300 per year. Beautiful setting just up the road from Tandem Ciders. Keep the orchard, build a home or both! This location is suitable for grapes/vineyard. With an agricultural affidavit the taxable value is not uncapped upon the sale.

Last Agent to Sell the Property

Maureen Penfold

REMAX Bayshore - Union St TC License #6501239126 Listed on: 04/20/2017

REMAX Bayshore - Union St TC

Last Buyer's Agent

Maureen Penfold

REMAX Bayshore - Union St TC License #6501239126 Listed on: 04/20/2017

REMAX Bayshore - Union St TC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $414

Lot Details

  • 20.72 Acre Lot
  • Level Lot
  • The community has rules related to zoning restrictions

Farming

  • Farm

Utilities

  • Well
  • Private or Community Septic Tank

Community Details

  • Twin Maples Farms Community

Property Details

Property Type

Land

Est. Annual Taxes

$414

Lot Details

0

Listing Details

  • Class: Vacant Lot/Land
  • Type: Vacant Lot/Land
  • Section Number: 8
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 6998.07
  • Range: R 11W

Exterior Features

  • Number Of Acres: 20.72
  • Road: Blacktop

Utilities

  • Waste Available: Private Septic
  • Water Available: Private Well

Association/Amenities

  • Development Name: Twin Maples Farms

Schools

  • School District: Suttons Bay Public Schools

Lot Info

  • Land Features: Level, Working Farm
  • Lot Dimensions: irregular
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential, Agricultural, Platted Subdivision, Bldg & Use Restrictions

MLS Schools

  • School District: Suttons Bay Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2017
Closed on
Jan 11, 2018
Sold by
Tom and Chris
Bought by
Cherry Bay Orchards Inc
Seller's Agent
Maureen Penfold
REMAX Bayshore - Union St TC
Buyer's Agent
Maureen Penfold
REMAX Bayshore - Union St TC
List Price
$196,000
Sold Price
$145,000
Premium/Discount to List
-$51,000
-26.02%
Current Estimated Value
$310,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,000
Avg. Annual Appreciation
5.24%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cherry Bay Orchards Inc $145,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2018 01/11/18 Sold $145,000 -26.0% --
04/20/2017 04/20/17 For Sale $196,000 -- --
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 $414 $52,900 $0 $0
2024 $295 $53,280 $0 $0
2023 $280 $53,280 $0 $0
2022 $374 $24,980 $0 $0
2021 $364 $55,000 $0 $0
2020 $362 $33,940 $0 $0
2019 $332 $31,600 $0 $0
2018 -- $32,440 $0 $0
2017 -- $32,200 $0 $0
2016 -- $32,200 $0 $0
2015 -- $30,260 $0 $0
2014 -- $30,260 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Maureen Penfold

    Seller's Agent in 2018

    Maureen Penfold

    RE/MAX Michigan

    (231) 883-3133

    74 Total Sales

    Maureen Penfold
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1830715

Northern Great Lakes REALTORS® MLS

APN: 011-008-010-25

Michigan Leelanau County Suttons Bay 49682

2489 N Setterbo Rd, Suttons Bay, MI

This home is located at 2489 N Setterbo Rd, Suttons Bay, MI 49682 since 20 April 2017 and is currently estimated at $310,000. 2489 N Setterbo Rd is a home located in Leelanau County with nearby schools including Suttons Bay Elementary School and Suttons Bay Senior High School.

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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