$140,000
SOLD SEP 23, 2022

407 W Tawas Lake Rd East Tawas, MI 48730

6 Beds
3 Baths
2,304 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$61 Per Sq Ft

18% Above List Price

3 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Bay View
  • Patio
  • 55 Feet of Waterfront
  • 2 Car Detached Garage
  • Bungalow

About This Home

As of July 2024

Tawas Lake rental units. Not often do you find three free standing cottages on one tax id in the Tawas area! The owners currently use unit 407 as a weekend retreat. it has two bedrooms, an updated kitchen and nice three season enclosed porch area with nice lake views. Unit 405 is unoccupied currently and needs a little tlc at this time. Units 405 and 407 can be shown easily, unit 403 currently has a renter and will need 24 hours notice to view that unit. All three units are on city sewer, water is furnished to all three units from a well at this time with city water available. Lots of storage space is available in the 12' x30' metal barn. Many options to consider at this site, continue to rent as is or perhaps do some updating and use as short term rental units. There is some work to be done, however there is tons of potential for the right investor!

Last Agent to Sell the Property

Scott Lingo

TARGET REAL ESTATE COMPANY Listed on: 09/08/2022

Last Buyer's Agent

Scott Lingo

TARGET REAL ESTATE COMPANY Listed on: 09/08/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,767

Year Built

  • Built in 1950

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 55x138x88x126
  • 55 Feet of Waterfront
  • Level Lot
  • The community has rules related to zoning restrictions

Home Design

  • Bungalow
  • Fixer Upper
  • Slab Foundation
  • Frame Construction
  • Asphalt Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,304 Sq Ft Home
  • 1-Story Property
  • Bay Views
  • Crawl Space

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Patio

Utilities

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

Community Details

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,767

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Bungalow, 1 Story
  • Estimated Year Built: 1950
  • Construction: Frame
  • Private Shared: Private
  • Qtr Section: NW
  • Section Number: 20
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1950

Interior Features

  • Appliances Equipment: Refrigerator
  • Interior Amenities: Fixer-Upper
  • Bedrooms: 6
  • Bedroom 1: Dimensions: 11'9"x9', On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 9'4"x8, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 3
  • Primary Bathroom: Shared
  • Number of Main Level Bathrooms: 3
  • Number of Three Quarter Bathrooms: 3
  • Main Floor Primary: Yes
  • Kitchen: Dimensions: 16'x8', On Level: Main Floor
  • Living Room: Dimensions: 15'x13', On Level: Main Floor, Flooring: Carpet
  • Estimated Above Ground Finished Sq Ft: 2304
  • Price Per Sq Ft: 60.76
  • Range: R 8E
  • Total Finished Sf Apx: 2304

Exterior Features

  • Body Of Water: Tawas Lake
  • Exterior Features: Bay View, Patio
  • Exterior Finish: Aluminum, Wood
  • Foundation: Crawl Space, Slab
  • Number Of Acres: 0.19
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt, Metal
  • Water Features: Inland Lake, All Sports, Water View, Vegetation to Water Edge
  • Waterfront Frontage: 55

Garage/Parking

  • Driveway: Gravel
  • Garage Capacity: 2
  • Primary Garage: Detached, Pole Construction

Utilities

  • Heating Cooling Types: Space Heater, Wall
  • Laundry: On Level: None
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Private Well

Schools

  • School District: Tawas Area Schools

Lot Info

  • Lot Number: 1
  • Deeded Waterfront: Yes
  • Land Features: Level
  • Lot Dimensions: 55x138x88x126
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

Tax Info

  • Summer Taxes: 2323.07
  • Winter Taxes: 239.32
  • Year Summer: 2022
  • Year Winter: 2021

MLS Schools

  • School District: Tawas Area Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2024
Closed on
Jul 12, 2024
Sold by
Kolnitys Timothy
Bought by
Fillmore Catherine S and Knapp Richard A
Seller's Agent
CAROL WESTCOTT
STERLING PROPERTIES
Buyer's Agent
Lynn Kubisiak
TAWAS SUNSHINE REALTY
List Price
$220,000
Sold Price
$228,200
Premium/Discount to List
$8,200
3.73%
Views
77
Current Estimated Value
$248,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,467
Avg. Annual Appreciation
8.44%

Purchase Details

Listed on
Sep 8, 2022
Closed on
Sep 26, 2022
Sold by
Lipovsky Theodore J and Lipovsky Norrita E
Bought by
Kolnitys Timothy
Seller's Agent
Scott Lingo
TARGET REAL ESTATE COMPANY
Buyer's Agent
Scott Lingo
TARGET REAL ESTATE COMPANY
List Price
$119,000
Sold Price
$140,000
Premium/Discount to List
$21,000
17.65%
Views
74

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.18%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $228,200 None Listed On Document
Warranty Deed $140,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2024 07/12/24 Sold $228,200 +3.7% $108 / Sq Ft
07/07/2024 07/07/24 Pending -- -- --
06/03/2024 06/03/24 For Sale $220,000 +57.1% $105 / Sq Ft
09/23/2022 09/23/22 Sold $140,000 +17.6% $61 / Sq Ft
09/11/2022 09/11/22 Pending -- -- --
09/08/2022 09/08/22 For Sale $119,000 -- $52 / 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 $4,767 $116,200 $116,200 $0
2024 $4,428 $85,400 $0 $0
2023 $3,935 $81,800 $81,800 $0
2022 $2,573 $62,400 $62,400 $0
2021 $2,492 $56,200 $56,200 $0
2020 $2,437 $53,300 $53,300 $0
2019 $2,392 $50,600 $50,600 $0
2018 $2,320 $47,100 $47,100 $0
2017 $2,246 $50,200 $50,200 $0
2016 $2,198 $50,200 $0 $0
2015 -- $46,500 $0 $0
2014 -- $47,000 $0 $0
2013 -- $47,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1904737

Northern Great Lakes REALTORS® MLS

APN: 121-T10-003-001-00