NOT LISTED FOR SALE

2531 Lakeshore Rd Applegate, MI 48401

Estimated Value: $299,000 - $585,000

10 Beds
6 Baths
1,940 Sq Ft
$234/Sq Ft Est. Value

Last Sold May 20, 2022

Last sale price $410,000 $211 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,313/month

179 Days on Market

Highlights

  • Waterfront
  • Shed
  • 2 Car Garage
  • Patio
  • Hot Water Heating System
  • Wood Siding

About This Home

As of May 2022

Excellent investment opportunity with the location of a lifetime! 206 feet of gorgeous Lake Huron frontage. Property features a 2 story main house with an attached 2 car garage, & 4 (576 Sq.Ft) cottages to rent out. Main home has 2 spacious bedrooms on the main level plus a large sleeping loft upstairs. Full bath is located on the second level and half bath is on the main level. All cottages include 2 bed rooms, 1 bath, living room & a kitchen. 3 of the the rentals need some T.L.C., 1 needs more work. Here is your chance to buy low and build lots of equity while enjoying the rental income at the same time. All have city water. Beautiful property, mature trees, some woods. Only 6 miles from the Village of Lexington. Schedule a private viewing today!

Last Agent to Sell the Property

Dennis Quinn

Premier Properties Inc License #MISPE-6501255171 Listed on: 11/15/2021

Premier Properties Inc

Last Buyer's Agent

Dennis Quinn

Premier Properties Inc License #MISPE-6501255171 Listed on: 11/15/2021

Premier Properties Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Lot Details

  • 2.36 Acre Lot
  • Lot Dimensions are 206 x 400 x 206 x 360...
  • Waterfront

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,940 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Outdoor Features

  • Patio
  • Shed

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 210-035-200-030-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,569

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Structure Style: 2 Story
  • Total Tax Amount: 7568.68
  • Total Tax Year: 2020
  • Year Built: 9999
  • Mail City: Applegate
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Bedrooms: 10
  • Bedroom 1: On 2nd Floor, Dimensions: 9 x 10
  • Bedroom 2: On 2nd Floor, Dimensions: 9 x 10
  • Bedroom 3: On Main Floor, Dimensions: 10 x 10
  • Bedroom 4: On Main Floor, Dimensions: 10 x 10
  • Bedroom 5: On Main Floor, Dimensions: 10 x 10
  • Bedroom 6: On Main Floor, Dimensions: 10 x 10
  • Full Bathrooms: 6
  • Total Bathrooms: 7
  • Bathroom 1: On Level: Second
  • Bathroom 2: On Level: Main
  • Bathroom 3: On Level: Main
  • Bathroom 4: On Level: Main
  • Bathroom 5: On Level: Main
  • Dining Room: On Main Floor
  • Living Room: On Main Floor
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 1940
  • Total Finished Sq Ft: 1940

Exterior Features

  • Exterior: Vinyl Siding, Wood
  • Exterior Features: Patio
  • Foundation: Slab
  • Frontage: 206
  • Water Features: All Sports Lake, Lake Frontage, Waterfront
  • Waterfront: Yes
  • Out Buildings: Shed
  • Frontage Type: Water

Garage/Parking

  • Garage Spaces: 2
  • Garage: Yes

Utilities

  • Heating: Hot Water
  • Heating Fuel: Natural Gas
  • Sewer: Septic
  • Water: Public Water

Lot Info

  • Assessor Parcel Number: 210-035-200-030-00
  • Lot Description: Treed
  • Lot Dimensions: 206 X 400 X 206 X 360...
  • Acreage: 2.36
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2020, Amount: $1,466.19
  • Winter Tax: Year: 2020, Amount: $6,102.49
  • Total Tax: Year: 2020, Amount: $7,568.68

MLS Schools

  • School District: Croswell Lexington Comm SD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2003
Sold by
Hoganson Micahel and Hoganson Cynthia
Bought by
Lakewood Cottages
Current Estimated Value
$434,013

Purchase Details

Closed on
May 30, 2003
Bought by
Hoganson Michael and Hoganson Cynthia

Purchase Details

Closed on
Mar 21, 2002
Sold by
Mellon John and Marie Jo
Bought by
Hoganson Micahel and Hoganson Cynthia

Purchase Details

Closed on
Feb 2, 2002
Bought by
Hoganson Michael and Hoganson Cynthia

Purchase Details

Closed on
May 7, 1997
Sold by
Mellon John and Marie Jo
Bought by
Lakewood Cottages Inc
Source: Public Records

Range of Values:

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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
Lakewood Cottages -- --
Hoganson Michael -- --
Hoganson Micahel $255,000 --
Hoganson Michael -- --
Lakewood Cottages Inc -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2022 05/20/22 Sold $410,000 -8.7% $211 / Sq Ft
05/13/2022 05/13/22 Pending -- -- --
11/15/2021 11/15/21 Price Changed $449,000 -0.2% $231 / Sq Ft
11/15/2021 11/15/21 For Sale $449,900 -- $232 / Sq Ft
Source: Michigan Multiple Listing Service

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 $11,246 $278,800 $0 $0
2024 $2,357 $232,300 $0 $0
2023 $2,441 $240,500 $0 $0
2022 $7,381 $214,600 $0 $0
2021 $7,245 $185,700 $0 $0
2020 $7,213 $175,500 $0 $0
2019 $7,156 $144,900 $0 $0
2018 $7,075 $130,600 $0 $0
2017 $1,263 $130,000 $0 $0
2016 $1,251 $140,600 $0 $0
2015 -- $139,900 $0 $0
2014 -- $121,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50060811

Michigan Multiple Listing Service

APN: 210-035-200-030-00