NOT LISTED FOR SALE

471 Island Lake Rd Rose City, MI 48654

Estimated Value: $146,000 - $248,000

2 Beds
1 Bath
700 Sq Ft
$284/Sq Ft Est. Value

Last Sold September 28, 2018

Last sale price $84,500 $121 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $1,170/month

13 Days on Market

Highlights

  • Private Waterfront
  • Sandy Beach
  • Wooded Lot
  • Deeded Waterfront Access Rights
  • Lake Privileges
  • Vaulted Ceiling

About This Home

As of September 2018

FULL LOG lakefront cottage on Island Lake is a real charmer! Full floor to ceiling stone fireplace, oak floors, covered front porch, nice frontage, sleeping/kids loft area is neat! The 2 bedrooms have been made into one but can be separated. Just what you imagine an up-north retreat to be, this will probably go quickly. Close to trails and national forest, it doesn't get any better!

Last Agent to Sell the Property

Brenda Benjamin-Marsh

BENJAMIN REALTY Listed on: 08/14/2018

Last Buyer's Agent

Greg Morris

MORRIS-RICHARDSON RE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,335

Year Built

  • Built in 1946

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 50x268
  • Private Waterfront
  • 50 Feet of Waterfront
  • Sandy Beach
  • Sloped Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Home Design

  • Cottage
  • Asphalt Roof
  • Log Siding

Interior Spaces

  • 700 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Fireplace
  • Loft
  • Water Views
  • Crawl Space
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Deeded Waterfront Access Rights
  • Lake Privileges
  • Covered Patio or Porch
  • Shed

Schools

  • Mio-Ausable Elementary School
  • Mio-Ausable High Middle School
  • Mio-Ausable High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Well
  • Satellite Dish

Community Details

  • Island Lake Shores Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,335

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Cottage, 1 Story
  • Estimated Year Built: 1946
  • Construction: Full Log
  • Private Shared: Private
  • Qtr Section: SW
  • Section Number: 36
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1946

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range
  • Interior Amenities: Loft, Vaulted Ceilings
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 12x8, On Level: Main Floor, Flooring: Wood
  • Bedroom 2: Dimensions: 9x8, On Level: Main Floor, Flooring: Wood
  • Bedroom 3: Dimensions: 14x10, On Level: Upper Floor, Flooring: Wood
  • Total Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Number of Three Quarter Bathrooms: 1
  • Main Floor Primary: No
  • Dining Room: On Level: Main Floor, Flooring: Wood
  • Kitchen: Dimensions: 12x11, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 19x12, On Level: Main Floor, Flooring: Wood
  • Estimated Above Ground Finished Sq Ft: 700
  • Price Per Sq Ft: 120.71
  • Range: R 2E
  • Total Finished Sf Apx: 700

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Body Of Water: Island Lake-OSC
  • Exterior Features: Covered Porch
  • Exterior Finish: Full Log
  • Foundation: Crawl Space
  • Lake Size: 70
  • Number Of Acres: 0.3
  • Road: Public Maintained, Gravel
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, Water View, Sandy Bottom
  • Waterfront Frontage: 50

Garage/Parking

  • Driveway: Dirt

Utilities

  • Fireplaces And Stoves: Fireplace(s)
  • Heating Cooling Types: Wall
  • Laundry: On Level: None
  • Sewer: Private Septic
  • Tv Service Internet Avail: Dish TV
  • Water: Private Well

Association/Amenities

  • Development Amenities: Lake Privileges
  • Development Name: Island Lake Shores

Schools

  • School District: Mio-Ausable Schools
  • Elementary School: Mio-Ausable Elementary School
  • Middle School: Mio-Ausable High School
  • High School: Mio-Ausable High School

Lot Info

  • Lot Number: 18
  • Deeded Waterfront: Yes
  • Land Features: Wooded, Sloping
  • Lot Dimensions: 50x268
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

Tax Info

  • Summer Taxes: 1146
  • Taxable Value: 17943
  • Total Taxes: 1335
  • Winter Taxes: 189

MLS Schools

  • Elementary School: Mio-Ausable Elementary School
  • HighSchool: Mio-Ausable High School
  • School District: Mio-Ausable Schools
  • Middle School: Mio-Ausable High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2018
Closed on
Sep 28, 2018
Sold by
Zukie William T and Zukie Roberta J
Bought by
Cotter Steven and Cotter Kristen
Seller's Agent
Brenda Benjamin-Marsh
BENJAMIN REALTY
Buyer's Agent
Greg Morris
MORRIS-RICHARDSON RE
List Price
$86,500
Sold Price
$84,500
Premium/Discount to List
-$2,000
-2.31%
Total Days on Market
13
Current Estimated Value
$198,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,075
Avg. Annual Appreciation
13.20%
Original Mortgage
$67,600
Outstanding Balance
$59,552
Interest Rate
4.5%
Mortgage Type
Construction
Estimated Equity
$139,245
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Cotter Steven $84,500 Au Sable Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cotter Steven $67,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2018 09/28/18 Sold $84,500 -2.3% $121 / Sq Ft
08/14/2018 08/14/18 For Sale $86,500 +25.4% $124 / Sq Ft
03/21/2014 03/21/14 Sold $69,000 -12.7% $99 / Sq Ft
03/16/2014 03/16/14 Pending -- -- --
06/19/2013 06/19/13 For Sale $79,000 -- $113 / 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
2024 $1,059 $73,900 $0 $0
2023 $595 $58,900 $0 $0
2022 $589 $47,700 $0 $0
2021 $958 $52,000 $0 $0
2020 $1,646 $52,800 $0 $0
2019 $1,575 $37,800 $0 $0
2018 $1,146 $35,100 $0 $0
2017 $1,112 $35,000 $0 $0
2016 $1,289 $34,300 $0 $0
2014 $704 $36,600 $0 $0
2011 -- $37,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1851401

Northern Great Lakes REALTORS® MLS

APN: 00138001800