NOT LISTED FOR SALE

4492 County Road 489 Onaway, MI 49765

Estimated Value: $388,000 - $975,598

Studio
1 Bath
-- Sq Ft
0.54 Acres

Last Sold January 05, 2024

Last sale price $865,000

Est. 18% decrease in value since last sale

Current estimated payment $3,818/month

146 Days on Market

Highlights

  • No HOA
  • 3 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Cottage
  • Enclosed Patio or Porch
  • Ceiling Fan

About This Home

As of January 2024

Rare opportunity to own a operating resort on Black Lake and Rainy River! Located on the east shore of Black Lake and also on the Rainy River with 7 cottages and a main home, aluminum boats, docking, picnic tables, and cottages completely furnished with turn key operations this really is ready to for the next owner to start operations of a resort! There is a sandy beach area with a sea wall and steps down into the water great for swimming and easy lake access. The boat dockage is great with electric and cleats for so many of boats to dock and with your own boat launch for east access. The rentals are nearly completely booked for the summer 2023. They have operating website and been owners since 1970 and are looking for new owners to continue what they have enjoyed for years.....

Last Agent to Sell the Property

Darren Vizina

Berkshire Hathaway Homeservices Indian River Brokerage Phone: 231.238.7400 License #6501318387 Listed on: 05/26/2023

Berkshire Hathaway Homeservices Indian River

Co-Listed By

Mike Vizina

Berkshire Hathaway Homeservices Indian River Brokerage Phone: 231.238.7400 License #6506045086

Last Buyer's Agent

NON-MEMBER MLS

MLS NON-MEMBER

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.54

Parking

  • 3 Car Detached Garage

Home Design

  • Cottage
  • Brick Exterior Construction
  • Frame Construction
  • Aluminum Siding
  • Vinyl Construction Material

Interior Spaces

  • Ceiling Fan
  • Vinyl Clad Windows
  • Crawl Space

Kitchen

  • Microwave
  • Dishwasher

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Onaway Elementary School
  • Onaway High School

Utilities

  • Forced Air Heating and Cooling System
  • Space Heater
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Heating System Uses Propane
  • Well
  • Gas Water Heater
  • Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • The owner pays for cable, electric, fuel, maintenance

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Electric: Master, Separate
  • Directions: From Onaway take 211 Hwy North to State Park then right onto Bonz Beach then to Co Road 489
  • Garage Yn: Yes
  • Lot Size: 1.5 Acres (See Survey)
  • Open House Office I D: 20140312140530810950000000
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: MI
  • Building Style: Cottage
  • Attribution Contact: 231.238.7400
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Windows: Vinyl
  • AppliancesAndEquipmt: Dishwasher, Dryer, Freezer, GasRange/Oven, Microwave, Refrigerator, Washer
  • BasementSpecifics: Crawl Space, None
  • Type Of Business: Business Opportunity, Income Property
  • Foreclosure: n
  • Laundry: Main Level
  • Basement Type: Other

Exterior Features

  • Exterior Construction: Brick, Frame
  • Exterior: Aluminum, Shed, Vinyl
  • Patio Deck: Covered Deck, Enclosed Porch

Garage/Parking

  • Garage Stall: 3
  • Garage Type: Detached/UN

Utilities

  • Water Heater: Gas
  • Cooling System: Ceiling Fan(s), Central Air
  • Fuel: Electric, Natural Gas, Propane
  • Heating Air: Baseboard, Forced Air, Natural Gas, Propane, Space Heater
  • Sewer: Septic
  • Hot Water: Well

Association/Amenities

  • TaxesAndPossessionAssociationDues: No

Schools

  • School District: Onaway
  • Schools Elementary School: Onaway
  • Schools High School: Onaway
  • Elem School Dist Number: 4492

Rental Info

  • Util Pd By Owner: Cable, Electric, Fuel, Maintenance

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2009
Sold by
Schell Robert D and Schell Lynn M
Bought by
Robert D Schell Family Trust
Current Estimated Value
$707,150
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Robert D Schell Family Trust -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2024 01/05/24 Sold $865,000 0.0% --
10/26/2023 10/26/23 Off Market $865,000 -- --
05/26/2023 05/26/23 For Sale $865,000 -- --
Source: Water Wonderland Board of REALTORS®

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 $1,437 $122,000 $0 $0
2024 $786 $110,700 $0 $0
2023 $751 $91,900 $0 $0
2022 $1,267 $82,200 $0 $0
2021 $1,110 $81,700 $0 $0
2020 $1,107 $57,700 $0 $0
2019 $1,086 $56,500 $0 $0
2018 $1,085 $56,600 $0 $0
2016 -- $54,500 $0 $0
2014 -- $54,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    Darren Vizina

    Berkshire Hathaway Homeservices Indian River

    (231) 445-0354

    127 Total Sales

    Darren Vizina
    Section Image

  • M

    Seller Co-Listing Agent in 2024

    Mike Vizina

    Berkshire Hathaway Homeservices Indian River

    (859) 380-6844

    111 Total Sales

    Mike Vizina
    Section Image

  • N

    Buyer's Agent in 2024

    NON-MEMBER MLS

    MLS NON-MEMBER

See All Agents

Map

Source: Water Wonderland Board of REALTORS®

MLS Number: 201824284

Water Wonderland Board of REALTORS®

APN: 090-005-000-140-02

Michigan Presque Isle County Onaway 49765

4492 County Road 489, Onaway, MI

Not Listed for Sale

MultiFamily

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