Seller's Agent in 2022
Kathy Emig
Cedar Creek Realty
(231) 330-2028
2 Total Sales
321 Cedar St Elk Rapids, MI 49629
Estimated Value: $446,000 - $565,565
5
Beds
3.5
Baths
2,030
Sq Ft
$260/Sq Ft
Est. Value
Highlights
- Second Garage
- Deck
- First Floor Utility Room
- Elk Rapids High School Rated A-
- Main Floor Primary Bedroom
- 3-minute walk to Rotary Park
About This Home
As of November 2022This charming home (a portion) was originally built in 1884 in the Village of Elk Rapids, then remodeled and expanded in the 1960's. Conveniently located within walking distance to down town Elk Rapids, Lake Michigan and the newly improved Elk Rapids Marina, which offers access to both Elk Lake and to Lake Michigan. Elk Rapids is a charming, small, northern Michigan town surrounded by clean water, a lovely downtown, unique shops and a wide variety of surrounding farms and winding roads. Traverse City and Charlevoix is a short distance away approximately 30 miles north and south. This home has been loved by one family for the past 30 years with many recent updates including the two furnaces, air conditioner, water heater and roof. There is a 500 sq. ft. independent apartment with exterior access that can be used as guest quarters and/or rental income property. This is perfect year round home, summer getaway, or rental income property. The roof, both furnaces and water heater are 5-6 years old. The two and a half garage is set up with a workshop which has 220 access. There are a variety of patios that are covered and uncovered for plenty of entertaining outdoors. The covered area has access for cable TV. Great for a wide variety of lifestyles.
Home Details
Home Type
- Single Family
Year Built
- Built in 1884
Lot Details
- Sprinkler System
- Property is zoned 401 Residential
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 2,030 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Thermal Windows
- Living Room
- Dining Room
- First Floor Utility Room
Kitchen
- Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Partial Basement
- Block Basement Construction
Parking
- 2 Car Detached Garage
- Second Garage
- Driveway
Outdoor Features
- Deck
- Patio
Utilities
- Central Air
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 05-43-010-183-00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 6, 2022
Closed on
Nov 11, 2022
Sold by
Miller Gene W and Miller Jeri A
Bought by
O'Donnell Jillian M and O'Donnell Sean R
Seller's Agent
Kathy Emig
Cedar Creek Realty
Buyer's Agent
Kellie Sergent
Century 21 Northland - Elk Rapids
List Price
$424,500
Sold Price
$433,000
Premium/Discount to List
$8,500
2%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,141
Avg. Annual Appreciation
6.64%
Original Mortgage
$108,250
Outstanding Balance
$104,800
Interest Rate
6.8%
Mortgage Type
New Conventional
Estimated Equity
$422,341
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| O'Donnell Jillian M | $433,000 | Riverside Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | O'Donnell Jillian M | $108,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/15/2022 11/15/22 | Sold | $433,000 | +2.0% | $213 / Sq Ft |
| 10/06/2022 10/06/22 | For Sale | $424,500 | -- | $209 / Sq Ft |
Source: Northern Michigan 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 | $5,386 | $212,800 | $0 | $0 |
| 2024 | $44 | $191,500 | $0 | $0 |
| 2023 | $4,255 | $153,900 | $0 | $0 |
| 2022 | $1,513 | $140,300 | $0 | $0 |
| 2021 | $1,448 | $123,400 | $0 | $0 |
| 2020 | $1,368 | $98,300 | $0 | $0 |
| 2019 | $1,424 | $83,000 | $0 | $0 |
| 2018 | $2,152 | $84,600 | $0 | $0 |
| 2017 | $2,113 | $83,900 | $0 | $0 |
| 2016 | $1,713 | $80,700 | $0 | $0 |
| 2015 | -- | $86,400 | $0 | $0 |
| 2014 | -- | $76,300 | $0 | $0 |
| 2013 | -- | $77,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kathy Emig
-
Kellie Sergent
Buyer's Agent in 2022
Kellie Sergent
Century 21 Northland - Elk Rapids
(231) 499-1814
98 Total Sales
Map
Source: Northern Michigan MLS
MLS Number: 469725
APN: 05-43-010-183-00
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