B
Seller's Agent in 2025
Billy Jewell
Berkshire Hathaway HomeServices-Cheboygan
(231) 420-8032
34 in this area
97 Total Sales
463 W State St Cheboygan, MI 49721
--
Bed
--
Bath
1,254
Sq Ft
--
Built
About This Home
As of June 2025Here's your chance to own a prime investment property in the heart of downtown Cheboygan. This property features three one-bedroom units, offering excellent rental potential. While some updates are needed, the current owner has had no trouble keeping the units rented, highlighting strong demand in the area. The property has a new boiler and an updated electric panel, adding to its appeal. Located just a short walk from Main Street, this property offers easy access to local shops and dining. Enjoy the beautiful Cheboygan River, City Beach, and the popular bike/snowmobile trail, all just steps away. With its ideal location and potential for upgrades, this property is a great investment opportunity in a sought-after area. Seller is licensed Realtor in the state of Michigan.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices-Cheboygan Brokerage Email: billyjewell@bhhsmi.com License #6501427926 Listed on: 06/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $882
Lot Details
- Lot Dimensions are 92 x 68 x 70 x 72 x 44
Home Design
- Stone Foundation
- Frame Construction
Interior Spaces
- 1,254 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Gas Range
Schools
- Cheboygan Elementary School
- Cheboygan High School
Utilities
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
- Municipal Utilities District for Water and Sewer
Community Details
- No Home Owners Association
- T38n R1w Subdivision
Listing and Financial Details
- Rent includes water, sewer, fuel, electricity
- Assessor Parcel Number 054-P39-005-003-00
- Tax Block 5
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 3, 2025
Closed on
Jun 20, 2025
Sold by
Reager Charlie
Bought by
Pgh Girl Homestead Llc
Seller's Agent
Billy Jewell
Berkshire Hathaway HomeServices-Cheboygan
Buyer's Agent
George Chorey
EXIT Waterway Realty
List Price
$129,900
Sold Price
$115,000
Premium/Discount to List
-$14,900
-11.47%
Views
2
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
145.46%
Original Mortgage
$95,000
Outstanding Balance
$94,920
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$32,019
Purchase Details
Listed on
Dec 4, 2017
Closed on
Dec 22, 2017
Sold by
Whepard Lanny G and Shepard Winifred C
Bought by
Reager Charlie and Reager Jody
Seller's Agent
Dale Rogers
Rogers Real Estate Group, Inc
Buyer's Agent
Dale Rogers
Rogers Real Estate Group, Inc
List Price
$12,000
Sold Price
$12,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.17%
Purchase Details
Closed on
Mar 12, 1998
Sold by
Pavlich Velna
Bought by
Shepard Lanny G
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $15,000 | -- | |
| Warranty Deed | $12,000 | -- | |
| Warranty Deed | $22,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $95,000 | New Conventional | |
| Closed | $95,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/20/2025 06/20/25 | Sold | $115,000 | -11.5% | $92 / Sq Ft |
| 06/03/2025 06/03/25 | For Sale | $129,900 | +13.0% | $104 / Sq Ft |
| 06/02/2025 06/02/25 | Off Market | $115,000 | -- | -- |
| 04/15/2025 04/15/25 | Price Changed | $129,900 | -3.7% | $104 / Sq Ft |
| 12/02/2024 12/02/24 | For Sale | $134,900 | +1024.2% | $108 / Sq Ft |
| 12/22/2017 12/22/17 | Sold | $12,000 | 0.0% | $10 / Sq Ft |
| 12/04/2017 12/04/17 | Pending | -- | -- | -- |
| 12/04/2017 12/04/17 | For Sale | $12,000 | -- | $10 / Sq Ft |
Source: Water Wonderland Board of REALTORS®
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 | $882 | $27,100 | $0 | $0 |
| 2024 | $704 | $23,400 | $0 | $0 |
| 2023 | $674 | $17,800 | $0 | $0 |
| 2022 | $648 | $14,000 | $0 | $0 |
| 2021 | $767 | $13,100 | $13,100 | $0 |
| 2020 | $759 | $13,300 | $13,300 | $0 |
| 2019 | $741 | $12,300 | $12,300 | $0 |
| 2018 | $762 | $12,700 | $0 | $0 |
| 2017 | $1,256 | $24,500 | $0 | $0 |
| 2016 | $1,244 | $24,500 | $0 | $0 |
| 2015 | -- | $23,000 | $0 | $0 |
| 2014 | -- | $22,300 | $0 | $0 |
| 2012 | -- | $22,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2025
George Chorey
EXIT Waterway Realty
(231) 238-2440
13 in this area
68 Total Sales
-
Seller's Agent in 2017
Dale Rogers
Rogers Real Estate Group, Inc
(616) 915-6327
61 Total Sales
Map
Source: Water Wonderland Board of REALTORS®
MLS Number: 201832732
APN: 054-P39-005-003-00
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