3126 S Portage Ave Grayling, MI 49738
4
Beds
1.5
Baths
1,885
Sq Ft
6,534
Sq Ft Lot
Highlights
- Private Waterfront
- Craftsman Architecture
- Solarium
- Deeded Waterfront Access Rights
- Wooded Lot
- Mud Room
About This Home
As of August 2025Cozy and historic 2-story home located on the shores of beautiful Lake Margrethe with sweeping water views! This charming 4 bed, 1.5 bath home was built in 1937 and features a Cape Cod style, cedar shake exterior with colonial dormer windows, a craftsman style interior with wood-beamed ceiling, brick wood-burning fireplace, ample storage, newer hot water heater, detached 2-car garage, as well as retaining the original hardwood flooring. Boasting 50 feet of private frontage, an enclosed lake-facing rear screened porch, and an adorable gazebo-style dining pavilion, this home is ready to make your own!
Last Agent to Sell the Property
REMAX Bayshore - W Bay Shore Dr TC License #6502134537 Listed on: 06/17/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,831
Year Built
- Built in 1937
Lot Details
- 6,534 Sq Ft Lot
- Private Waterfront
- 50 Feet of Waterfront
- Level Lot
- Wooded Lot
- The community has rules related to zoning restrictions
Parking
- 2 Car Detached Garage
Home Design
- Craftsman Architecture
- Fire Rated Drywall
- Asphalt Roof
- Wood Siding
Interior Spaces
- 1,885 Sq Ft Home
- 2-Story Property
- Beamed Ceilings
- Wood Burning Fireplace
- Mud Room
- Formal Dining Room
- Solarium
- Screened Porch
- Water Views
- Unfinished Basement
Kitchen
- Oven or Range
- Microwave
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
Laundry
- Dryer
- Washer
Outdoor Features
- Deeded Waterfront Access Rights
Utilities
- Baseboard Heating
- Well
Community Details
Overview
- Grayling Park Community
Recreation
- Water Sports
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 17, 2021
Closed on
Jul 29, 2021
Sold by
Young Mary Lou
Bought by
Stancil Philip
Seller's Agent
Bob Brick
REMAX Bayshore - W Bay Shore Dr TC
Buyer's Agent
Charlene Scheer
Premier Waterfront Realty
List Price
$350,000
Sold Price
$400,000
Premium/Discount to List
$50,000
14.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.40%
Original Mortgage
$333,720
Outstanding Balance
$304,109
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$191,841
Purchase Details
Closed on
Feb 1, 1983
Sold by
Guth Walter
Bought by
Young Mary Lou
Similar Homes in Grayling, MI
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $400,000 | -- | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $333,720 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/27/2025 08/27/25 | Sold | $525,000 | -4.4% | $279 / Sq Ft |
| 08/11/2025 08/11/25 | Pending | -- | -- | -- |
| 07/25/2025 07/25/25 | For Sale | $549,000 | +37.3% | $291 / Sq Ft |
| 07/29/2021 07/29/21 | Sold | $400,000 | +14.3% | $212 / Sq Ft |
| 06/17/2021 06/17/21 | For Sale | $350,000 | -- | $186 / Sq Ft |
Source: Northern Great Lakes REALTORS® MLS
Tax History Compared to Growth
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 | $5,831 | $153,600 | $52,500 | $101,100 |
| 2024 | $4,471 | $148,400 | $52,500 | $95,900 |
| 2023 | $4,287 | $128,200 | $52,500 | $75,700 |
| 2022 | $4,070 | $116,100 | $52,500 | $63,600 |
| 2021 | $3,346 | $106,500 | $52,500 | $54,000 |
| 2020 | $3,302 | $106,000 | $52,500 | $53,500 |
| 2019 | $3,231 | $102,500 | $52,500 | $50,000 |
| 2018 | $3,142 | $96,800 | $52,500 | $44,300 |
| 2017 | $2,573 | $100,200 | $52,500 | $47,700 |
| 2016 | $2,551 | $104,800 | $104,800 | $0 |
| 2015 | $3,021 | $104,800 | $0 | $0 |
| 2014 | -- | $99,400 | $0 | $0 |
| 2013 | -- | $100,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Philip Stancil
P
Seller's Agent in 2025
Philip Stancil
Stancil Realty
(310) 482-2200
2 in this area
12 Total Sales
-
Bob Brick
Seller's Agent in 2021
Bob Brick
RE/MAX Michigan
(231) 715-1464
3 in this area
782 Total Sales
-
Charlene Scheer
Buyer's Agent in 2021
Charlene Scheer
Premier Waterfront Realty
(989) 915-1556
60 in this area
173 Total Sales
Map
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1888954
APN: 040-45-300-02-003-00
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.
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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