NOT LISTED FOR SALE

255 E M-72 Hwy Grayling, MI 49738

Estimated Value: $210,000 - $309,000

3 Beds
2 Baths
1,400 Sq Ft
$183/Sq Ft Est. Value

Last Sold March 22, 2024

Last sale price $165,000 $118 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $1,620/month

13 Days on Market

Highlights

  • 5 Acre Lot
  • Hot Water Heating System
  • 1-Story Property
  • 2 Car Detached Garage

About This Home

As of March 2024

BEST OFFERS DUE BY 5 PM EST ON 2/8/24. Can we talk? Let's discuss this Rare and affordable 5 acre parcel with a 3 bedroom, 2 bath ranch home, 2 car detached garage and full ready-to-finish basement, located directly on M72- 5 miles East of Grayling MI! Just south of the Au Sable River in the Huron-Manistee National Forest~ near River landings and trails. Easy Access off I-75 and ready for a new owner. Stretch out with spacious rooms and an easy flowing main living floor plan. Need additional living space for recreation? The lower level is all yours to decide what fits you best. Good things come to those who wait, but why wait!?

Last Agent to Sell the Property

Sue Louiselle

Coldwell Banker Schmidt-TC License #6502398935 Listed on: 01/27/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,065

Year Built

  • Built in 1990

Lot Details

  • 5 Acre Lot
  • Lot Dimensions are 165x1360

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,400 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Heating System Uses Propane
  • Hot Water Heating System
  • Well
  • Septic System

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,065

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1990
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 165x1360
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1400.0
  • General Property Info:Main Level Primary: No
  • Heat Source:Propane: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • General Property Info:Fireplace: No
  • Heat Type:Hot Water: Yes
  • Driveway:Gravel: Yes
  • Sale Conditions:REOBank Owned: Yes
  • Roofing:Asphalt2: Yes
  • General Property Info:SqFt Above Grade: 1400.0
  • Laundry Features Main Level: Yes
  • General Property Info Garage YN: Yes
  • Architectural Style:Ranch: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 1400.0
  • General Property Info:Stories2: 1.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 184900.0
  • Road Surface Type: Paved
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Heating: Hot Water
  • Heating: Yes
  • Laundry Features: Main Level
  • Sewer: Septic Tank
  • Water Source: Well
  • Water Well: Yes

Lot Info

  • Lot Size Acres: 5.0
  • Lot Size Area: 5.0
  • Lot Dimensions: 165x1360
  • Lot Size Sq Ft: 217800.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2024
Closed on
Feb 21, 2024
Sold by
Wilmington Savings Fund Society
Bought by
Lachance Dennis E and Lachance Keith Ai
Seller's Agent
Sue Louiselle
Coldwell Banker Schmidt-TC
List Price
$184,900
Sold Price
$165,000
Premium/Discount to List
-$19,900
-10.76%
Views
104
Current Estimated Value
$256,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,145
Avg. Annual Appreciation
30.33%
Original Mortgage
$38,000
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2022
Sold by
Bolton Marshal
Bought by
Wilmington Savings Fund Society

Purchase Details

Listed on
May 26, 2017
Closed on
Aug 11, 2017
Sold by
Hoag Michael V and Hoag Tracey L
Bought by
Bolton Marshal
Seller's Agent
BETTY PARTELLO
Century 21 Realty North Grayling
Buyer's Agent
Shantina Hatfield
Century 21 Realty North Grayling
Sold Price
$146,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.56%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lachance Dennis E $165,000 --
Wilmington Savings Fund Society $163,500 --
Bolton Marshal $146,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lachance Dennis E $38,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2024 03/22/24 Sold $165,000 -10.8% $118 / Sq Ft
02/09/2024 02/09/24 Pending -- -- --
01/27/2024 01/27/24 For Sale $184,900 +26.6% $132 / Sq Ft
08/11/2017 08/11/17 Sold $146,000 -- $68 / Sq Ft
06/27/2017 06/27/17 Pending -- -- --
Source: Southwestern Michigan Association 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 $3,065 $111,900 $6,000 $105,900
2024 $2,340 $107,000 $6,000 $101,000
2023 $2,244 $90,900 $6,000 $84,900
2022 $1,032 $78,200 $6,000 $72,200
2021 $1,572 $73,200 $6,000 $67,200
2020 $1,552 $71,200 $6,000 $65,200
2019 $1,516 $61,800 $6,000 $55,800
2018 $1,493 $55,600 $6,000 $49,600
2017 $749 $59,200 $6,000 $53,200
2016 $743 $51,800 $51,800 $0
2015 $1,032 $51,800 $0 $0
2014 -- $48,000 $0 $0
2013 -- $47,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Sue Louiselle

    Coldwell Banker Schmidt-TC

    (231) 835-1555

    1 in this area

    19 Total Sales

    Sue Louiselle
    Section Image

  • B

    Seller's Agent in 2017

    BETTY PARTELLO

    Century 21 Realty North Grayling

  • S

    Buyer's Agent in 2017

    Shantina Hatfield

    Century 21 Realty North Grayling

    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24004942

Southwestern Michigan Association of REALTORS®

APN: 040-40-007-12-120-00

Michigan Crawford County Grayling 49738

255 E M-72 Hwy, Grayling, MI

This home is located at 255 E M-72 Hwy, Grayling, MI 49738 since 27 January 2024 and is currently estimated at $256,145, approximately $182 per square foot. This property was built in 1990. 255 E M-72 Hwy is a home located in Crawford County with nearby schools including Grayling Elementary School, Grayling Middle School, and Grayling 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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes