NOT LISTED FOR SALE

407 Meguzee Point Elk Rapids, MI 49629

Estimated Value: $1,400,000 - $2,162,000

4 Beds
3.5 Baths
3,600 Sq Ft
$522/Sq Ft Est. Value

Last Sold April 24, 2015

Last sale price $590,000 $164 Per Sq Ft

Est. 219% increase in value since last sale

Current estimated payment $11,171/month

153 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • Second Garage
  • Elk Rapids High School Rated A-
  • Sandy Beach
  • Deck

About This Home

As of April 2015

113' of Private Elk Lake Frontage with Sunrise Views and 2.83 Acres of privacy is offered with this 4BR/3.5Bath Home. Interior of home features includes; Tile Floors throughout the Main Floor; 2 Sided Stone-surround Gas Fireplace; Cathedral Ceilings with breathtaking Lake Views; Private Master BR Suite with Bath & Walk In Closet; Central Air; Granite Counters in Island Kitchen. Expansive Garage Space in Attached 4+ Car Heated Garage and Over-sized Detached 6+ Car Garage with Living Space and Bathroom.

Last Agent to Sell the Property

Mark Hagan

Coldwell Banker Schmidt Traver License #6506006708 Listed on: 10/22/2014

Coldwell Banker Schmidt Traver

Last Buyer's Agent

Mark Hagan

Coldwell Banker Schmidt Traver License #6506006708 Listed on: 10/22/2014

Coldwell Banker Schmidt Traver

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,462

Year Built

  • Built in 1989

Lot Details

  • 2.83 Acre Lot
  • Lot Dimensions are 300x113
  • Private Waterfront
  • 113 Feet of Waterfront
  • Sandy Beach
  • Level Lot
  • Sprinkler System
  • Cleared Lot
  • The community has rules related to zoning restrictions

Home Design

  • 1.5-Story Property
  • Brick Exterior Construction
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,600 Sq Ft Home
  • Cathedral Ceiling
  • Gas Fireplace
  • Bay Window
  • Mud Room
  • Entrance Foyer
  • Great Room
  • Formal Dining Room
  • Den
  • Water Views
  • Crawl Space

Kitchen

  • No Kitchen Appliances
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite

Parking

  • 7 Car Garage
  • Second Garage
  • Heated Garage
  • Garage Door Opener

Outdoor Features

  • Deeded Waterfront Access Rights
  • Deck

Utilities

  • Central Air
  • Heat Pump System
  • Well

Community Details

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,462

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 1.5 Story, Ranch, In-Law Suite or Apartment, 1 Story
  • Estimated Year Built: 1989
  • Construction: Frame
  • Private Shared: Private
  • Section Number: 27
  • Year Updated: 2001
  • Year Renovated: 2001
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1989

Interior Features

  • Appliances Equipment: No Appliances
  • Interior Amenities: Cathedral Ceilings, Bay Window(s), Foyer Entrance, Walk-In Closet(s), Pantry, Granite Kitchen Tops, Island Kitchen, Mud Room, Formal Dining Room, Great Room, Den/Study
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 30x13, On Level: Main Floor, Flooring: Tile
  • Bedroom 2: Dimensions: 13x13, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 13x11, On Level: Main Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 15x13, On Level: Upper Floor, Flooring: Tile
  • Total Bathrooms: 3.5
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 3
  • Full Bathrooms: 2
  • Number of Three Quarter Bathrooms: 1
  • Half Bathrooms: 1
  • Dining Room: Dimensions: 16xCombo, On Level: Main Floor, Flooring: Tile
  • Family Room: Dimensions: 20x16, On Level: Main Floor, Flooring: Tile
  • Kitchen: Dimensions: 23xCombo, On Level: Main Floor, Flooring: Tile
  • Living Room: Dimensions: 16x16, On Level: Main Floor, Flooring: Tile
  • Estimated Above Ground Finished Sq Ft: 3600
  • Price Per Sq Ft: 163.89
  • Range: R 9W
  • Total Finished Sf Apx: 3600

Exterior Features

  • Additional Buildings: Workshop, Secondary Garage(s)
  • Body Of Water: Elk Lake
  • Exterior Features: Sprinkler System, Deck, Sidewalk
  • Exterior Finish: Vinyl, Brick
  • Foundation: Crawl Space, Block
  • Number Of Acres: 2.83
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Sandy Bottom, Gradual Slope to Water, Vegetation to Water Edge
  • Waterfront Frontage: 113

Garage/Parking

  • Driveway: Blacktop
  • Garage Capacity: 7
  • Primary Garage: Attached, Detached, Door Opener, Paved Driveway, Heated, Finished Rooms, Concrete Floors

Utilities

  • Fireplaces And Stoves: Fireplace(s), Gas
  • Heating Cooling Types: Hot Water, Central Air, Heat Pump
  • Sewer: Pump Back, Private Septic
  • Tv Service Internet Avail: Unknown
  • Water: Private Well

Association/Amenities

  • Development Name: Metes & Bounds

Schools

  • School District: Elk Rapids Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Cleared, Level
  • Lot Dimensions: 300x113
  • Mineral Rights: Unknown
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential

MLS Schools

  • School District: Elk Rapids Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2014
Closed on
Apr 1, 2015
Sold by
Citibank Na
Bought by
Reid John
Seller's Agent
Mark Hagan
Coldwell Banker Schmidt Traver
Buyer's Agent
Mark Hagan
Coldwell Banker Schmidt Traver
List Price
$803,250
Sold Price
$590,000
Premium/Discount to List
-$213,250
-26.55%
Current Estimated Value
$1,879,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,289,774
Avg. Annual Appreciation
11.68%

Purchase Details

Closed on
Sep 24, 2014
Sold by
John F John F and Jacobs Kelly
Bought by
Citibank Na and Phhmc Mortgage Pass Trhough Cert 2005-2

Purchase Details

Closed on
Aug 1, 2014
Sold by
John F John F
Bought by
Citibank Na and Phhmc Mtg Pass Through Cert 2005-2

Purchase Details

Closed on
Feb 12, 2004
Bought by
Jacobs John F and Jacobs Kelly K
Source: Public Records

Range of Values:

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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
Reid John $590,000 None Available
Citibank Na $5,000 --
Citibank Na $738,917 --
Jacobs John F $915,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2015 04/24/15 Sold $590,000 -26.5% $164 / Sq Ft
03/24/2015 03/24/15 Pending -- -- --
10/22/2014 10/22/14 For Sale $803,250 -- $223 / 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 $14,462 $914,900 $0 $0
2024 $119 $860,000 $0 $0
2023 $11,425 $732,900 $0 $0
2022 $8,306 $535,600 $0 $0
2021 $7,952 $509,600 $0 $0
2020 $7,511 $484,700 $0 $0
2019 $7,818 $402,500 $0 $0
2018 $11,816 $362,100 $0 $0
2017 $11,603 $358,900 $0 $0
2016 $10,720 $420,800 $0 $0
2015 -- $401,900 $0 $0
2014 -- $425,000 $0 $0
2013 -- $396,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1791678

Northern Great Lakes REALTORS® MLS

APN: 05-43-027-001-00