NOT LISTED FOR SALE

316 Oak Tree Dr Lake, MI 48632

Estimated Value: $114,000 - $146,000

2 Beds
1 Bath
1,096 Sq Ft
$119/Sq Ft Est. Value

Last Sold November 12, 2020

Last sale price $60,000 $55 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $848/month

9 Days on Market

Highlights

  • Water Views
  • Sandy Beach
  • Ranch Style House
  • Guest House
  • Public Water Access
  • Cathedral Ceiling

About This Home

As of November 2020

Two adorable cabins with water view of Lake George and swimming access at the end of Oak Tree. Both cabins have been nicely renovated. The main cabin is 640 sq ft, has 1 bedroom, 3/4 bath with washer/dryer hookups, open kitchen and living room area, with a quaint screened in porch area. The guest cabin is 416 sq ft, has no running water, but has electric and is hooked up to its own septic system. There is a bedroom partitioned off and an open floor plan between the living room and potential kitchen area with ceiling fan and cathedral ceilings. The living room has a nice slider door with spectacular views of Lake George. Natural gas is available and seller has it scheduled to be hooked up in October. Perfect little get away that could be used year round.

Last Agent to Sell the Property

Shannon Cummings

Homewaters LLC Listed on: 09/08/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $800

Year Built

  • Built in 1960

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 80x160
  • Sandy Beach
  • Level Lot
  • The community has rules related to zoning restrictions

Home Design

  • Ranch Style House
  • Cottage
  • Slab Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,096 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Screened Porch
  • Water Views
  • No Kitchen Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Bathroom

Outdoor Features

  • Public Water Access
  • Property is near a lake
  • Shed

Additional Homes

  • Guest House

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Well
  • Cable TV Available

Community Details

Overview

  • Lake George Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$800

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, Cottage, 1 Story
  • Estimated Year Built: 1960
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1960
  • Year Renovated: 2020

Interior Features

  • Appliances Equipment: No Appliances, Ceiling Fan, Smoke Alarms(s)
  • Interior Amenities: Cathedral Ceilings, Walk-In Closet(s)
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 10x11
  • Total Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Number of Three Quarter Bathrooms: 1
  • Main Floor Primary: No
  • Kitchen: Dimensions: 8x11
  • Living Room: Dimensions: 15x18
  • Other Room: Dimensions: 16x26
  • Range: R 5W
  • Total Finished Sf Apx: 1096

Exterior Features

  • Additional Buildings: Garden/Storage Shed, Guest House
  • Exterior Features: Screened Porch
  • Exterior Finish: Wood
  • Foundation: Slab
  • Number Of Acres: 0.29
  • Road: Blacktop
  • Roof: Asphalt
  • Water Features: Inland Lake, All Sports, Water View, Sandy Bottom, Public Lake, Near Pub.Access w/in 500'

Garage/Parking

  • Driveway: Dirt

Utilities

  • Heating Cooling Types: Wall
  • Laundry: On Level: Main Floor
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Private Well

Association/Amenities

  • Development Name: Lake George

Lot Info

  • Land Features: Level
  • Lot Dimensions: 80x160
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

Tax Info

  • Summer Taxes: 169.36
  • Total Taxes: 799.94
  • Winter Taxes: 630.58
  • Year Winter: 2019

MLS Schools

  • School District: Farwell Area Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2020
Closed on
Nov 12, 2020
Sold by
Douglas Coppola
Bought by
Reum Brenda
Seller's Agent
Shannon Cummings
Homewaters LLC
List Price
$64,900
Sold Price
$60,000
Premium/Discount to List
-$4,900
-7.55%
Current Estimated Value
$130,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,949
Avg. Annual Appreciation
16.54%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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
Reum Brenda $60,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2020 11/12/20 Sold $60,000 -7.6% $55 / Sq Ft
09/17/2020 09/17/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $64,900 -- $59 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

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 $1,917 $51,300 $13,200 $38,100
2024 $422 $52,500 $12,900 $39,600
2023 $384 $48,200 $12,100 $36,100
2022 $1,766 $46,300 $10,800 $35,500
2021 $1,642 $33,200 $0 $0
2020 $847 $24,300 $0 $0
2019 $797 $19,500 $0 $0
2018 $786 $15,700 $0 $0
2017 $159 $16,300 $0 $0
2016 $158 $16,400 $0 $0
2015 -- $16,200 $0 $0
2014 -- $14,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1879750

Northern Great Lakes REALTORS® MLS

APN: 010-800-023-01