NOT LISTED FOR SALE

281 W Lake Dr Cadillac, MI 49601

Estimated Value: $395,199 - $453,000

2 Beds
2 Baths
1,034 Sq Ft
$407/Sq Ft Est. Value

Last Sold November 16, 2018

Last sale price $230,000 $222 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $2,615/month

32 Days on Market

Highlights

  • Private Waterfront
  • Deck
  • Wooded Lot
  • Forest View Elementary School Rated 9+
  • Recreation Room
  • Wood Flooring

About This Home

As of November 2018

97' OF LAKEFRONT ON BEAUTIFUL LAKE MITCHELL, GREAT COTTAGE OR COZY LITTLE HOME! 2 BEDROOMS, (POSSIBLE 3RD BEDROOM), 2 BATH, NICE HARDWOOD FLOORS AND A REAL FIELD STONE FIREPLACE WITH A UNIQUE FLOOR PLAN, 1 CAR ATTACHED GARAGE, FINISHED WALK OUT BASEMENT, LARGE 3 SEASON PORCH AND A SPACIOUS DECK!

Last Agent to Sell the Property

Peter Nemish

Coldwell Banker Schmidt Cadillac License #6506038299 Listed on: 08/31/2018

Last Buyer's Agent

Michael McNamara

RE/MAX CENTRAL License #6502322814

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,424

Year Built

  • Built in 1960

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 38x168x97x185
  • Private Waterfront
  • 97 Feet of Waterfront
  • Wooded Lot

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • Cabin
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Recreation Room
  • Sun or Florida Room
  • Screened Porch
  • Wood Flooring
  • Water Views
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • 2 Bedrooms in Basement
  • Natural lighting in basement

Outdoor Features

  • Water Access
  • Property is near a lake
  • Deck

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Well
  • Natural Gas Water Heater
  • Phone Connected
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,424

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Cabin
  • Stories: 1
  • Year Built: 1960
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 38x168x97x185
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1034.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 3424.0
  • Tax Info:Zoning3: residential
  • Waterfront Options:Water Access YN: Yes
  • Lot Description:Wooded: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 1.0
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Heat Type:Wall Furnace: Yes
  • Sewer:Public: Yes
  • Waterfront Options:Water Frontage3: 97.0
  • General Property Info:Fireplace: Yes
  • Utilities Attached:Telephone Line: Yes
  • Substructure:Walk Out: Yes
  • Water Heater:Natural Gas4: Yes
  • Substructure:Daylight: Yes
  • General Property Info:SqFt Above Grade: 674.0
  • General Property Info Garage YN: Yes
  • Flooring:Wood Floor: Yes
  • Architectural Style Cabin: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range
  • Flooring: Wood
  • Interior Amenities: Garage Door Opener, Eat-in Kitchen
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Daylight, Full, Walk-Out Access
  • LivingArea: 1034.0
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Basement Bedrooms: 2
  • Basement Rooms:Basement Finished SQFT: 360.0
  • Basement Rooms:Total Basement SQFT: 674.0
  • Kitchen Features:Eating Area: Yes
  • Appliances Range: Yes
  • Fireplace:Wood Burning: Yes
  • Below Grade Sq Ft: 360.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Exterior Features: Scrn Porch
  • List Price: 249900.0
  • Lot Features: Wooded
  • Patio and Porch Features: 3 Season Room, Deck
  • Road Surface Type: Paved
  • Water Body Name: Lake Mitchell
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Features:Scrn Porch: Yes
  • Exterior Features 3 Season Room: Yes
  • Patio and Porch Features:Deck(s): Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Attached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Heating: Wall Furnace
  • Heating: Yes
  • Sewer: Public
  • Utilities: Phone Connected, Natural Gas Connected, Cable Connected
  • Water Source: Well
  • Water Well: Yes

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Water Fea Amenities:Private Frontage: Yes
  • Water Fea Amenities:Public Access 1 Mile or Less: Yes
  • Water Fea Amenities:View: Yes

Lot Info

  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Dimensions: 38x168x97x185
  • Lot Size Sq Ft: 10890.0
  • Zoning Description: residential

Tax Info

  • Tax Annual Amount: 3424.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2018
Closed on
Nov 14, 2018
Sold by
F P 2Nd & E A Becker Lt
Bought by
Muhn Randy and Muhn Mary
Seller's Agent
Peter Nemish
Coldwell Banker Schmidt Cadillac
Buyer's Agent
Michael McNamara
RE/MAX CENTRAL
List Price
$249,900
Sold Price
$230,000
Premium/Discount to List
-$19,900
-7.96%
Current Estimated Value
$420,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,800
Avg. Annual Appreciation
9.08%
Original Mortgage
$69,000
Outstanding Balance
$60,127
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$360,673
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
Muhn Randy $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Muhn Randy $69,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/16/2018 11/16/18 Sold $230,000 0.0% $222 / Sq Ft
11/16/2018 11/16/18 Sold $230,000 -8.0% $222 / Sq Ft View Prior Sale
10/02/2018 10/02/18 Pending -- -- --
08/31/2018 08/31/18 For Sale $249,900 0.0% $242 / Sq Ft
08/03/2018 08/03/18 For Sale $249,900 -- $242 / Sq Ft
Source: MichRIC

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 $4,820 $185,800 $0 $0
2024 $2,448 $162,300 $0 $0
2023 $4,336 $143,300 $0 $0
2022 $4,336 $142,000 $0 $0
2021 $4,074 $145,500 $0 $0
2020 $4,087 $133,200 $0 $0
2019 $3,915 $120,200 $0 $0
2018 -- $104,100 $0 $0
2017 -- $124,100 $0 $0
2016 -- $109,600 $0 $0
2015 -- $116,400 $0 $0
2013 -- $71,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2018

    Peter Nemish

    Coldwell Banker Schmidt Cadillac

  • M

    Buyer's Agent in 2018

    Michael McNamara

    RE/MAX CENTRAL

See All Agents

Map

Source: MichRIC

MLS Number: 18043157

MichRIC

APN: 2110-HP-18

Michigan Wexford County Cadillac 49601

281 W Lake Dr, Cadillac, MI

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.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes