$299,900
UNDER CONTRACT

295 Fairmount St Whitmore Lake, MI 48189

Estimated payment $1,964/month

Total Views 16,376
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Beach
  • 1 Fireplace
  • Mini Split Air Conditioners
  • Water Access
  • Baseboard Heating

About This Home

Income property with duplex potential just steps from all-sports Horse Shoe Lake! With minor modifications, this home can be converted back into a duplex. The upper level features 3 bedrooms, a remodeled bath, living room, kitchen, and newer flooring. The lower level offers 2 bedrooms, a full bath, kitchen, living room, and its own laundry. Recent updates include a new roof, new well pump, and boiler system upgrades. Both units enjoy access to the private association beach and boat launch. Great opportunity for rental income, multi-gen living, or vacation use!

Listing Agent

John Roberts

The Charles Reinhart Company License #6501379277 Listed on: 08/05/2025

The Charles Reinhart Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,237

Year Built

  • Built in 1970

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 100x140x100x140

HOA Fees

  • $13 Monthly HOA Fees

Home Design

  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 1 Fireplace
  • Laundry on lower level

Parking

  • 2 Parking Spaces
  • Unpaved Driveway
  • Unpaved Parking

Outdoor Features

  • Water Access

Utilities

  • Mini Split Air Conditioners
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Connected
  • Well
  • Cable TV Available

Community Details

Overview

  • 2 Units

Recreation

  • Beach

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,237

Year Built

Built in 1970

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1970
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 100X140X100X140
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Zoning3: SR2
  • Waterfront Options:Water Access YN: Yes
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Source:Natural Gas3: Yes
  • Driveway:Unpaved: Yes
  • Heat Type:Hot Water: Yes
  • Heat Type:Baseboard: Yes
  • Laundry Features Lower Level: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Utilities Attached Cable Connected: Yes
  • Street Type:Dirt: Yes
  • Sewer:Public Sewer5: Yes
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Other
  • Basement: No

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 299900.0
  • Number of Buildings: 1
  • Roof: Composition
  • Water Body Name: Horse Shoe Lake
  • Waterfront Features: Lake
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Baseboard, Hot Water
  • Heating: Yes
  • Laundry Features: Lower Level
  • Utilities: Natural Gas Connected, Electricity Connected, Cable Connected
  • Water Source: Well
  • Water Well: Yes

Condo/Co-op/Association

  • Association Amenities: Beach Area
  • Association: Yes

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Association Info:Approx Assoc Fee2: 160.0
  • Association Info:Assoc Fee Payable: Annually
  • Water Fea Amenities:Assoc Access: Yes
  • Assoc Amenities:Beach Area: Yes

Lot Info

  • Lot Size Acres: 0.32
  • Lot Size Area: 0.32
  • Lot Dimensions: 100X140X100X140
  • Lot Size Sq Ft: 13939.0
  • Zoning Description: SR2

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Trash, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 4237.0
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,789 $128,100 $0 $0
2024 $1,016 $121,700 $0 $0
2023 $968 $115,600 $0 $0
2022 $3,649 $104,600 $0 $0
2021 $3,572 $99,600 $0 $0
2020 $3,549 $95,100 $0 $0
2019 $3,459 $82,600 $82,600 $0
2018 $3,408 $81,600 $0 $0
2017 $2,331 $80,100 $0 $0
2016 $604 $56,831 $0 $0
2015 -- $56,662 $0 $0
2014 -- $54,900 $0 $0
2013 -- $54,900 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 For Sale $299,900 -- --
Source: Southwestern Michigan Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $140,000 American Title Co Of Washten
Warranty Deed $162,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $46,000 New Conventional
Open $144,646 No Value Available
Previous Owner $129,600 No Value Available
Previous Owner $90,000 Credit Line Revolving
Source: Public Records

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 25039232

Southwestern Michigan Association of REALTORS®

APN: 02-17-262-016