NOT LISTED FOR SALE

501 Lake St Elk Rapids, MI 49629

Estimated Value: $479,000 - $630,256

3 Beds
2 Baths
1,220 Sq Ft
$446/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $525,000 $430 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,880/month

43 Days on Market

Highlights

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

About This Home

As of June 2023

If an easy lifestyle is your goal, look no furhter than Elk Rapids. This lovely ranch on Bass lake will offer you serenity and water sports. 3 bedrooms and 2 baths, and an in home office, this home offers easy livnig with stunning views of the lake. Watch Swans and Cynets, loons and babies in the Spring, as well as, incredible sunsets year round. Generous kitchen with good workspace and granite counters. Plenty of storage. A/C. Over sized 4 car garage with pull through garage doors, front and back of garage. Anderson windows & Pella sliding door to the back deck of Tigerwood which measures 28x 16.8. Includes new dock/stairs at water as seen in photos. Walk to Pearls for dinner, art galleries, Ethanology, or paddle board to Shorts Brewery. Slip over to E Bay/Lk Mi beach. Enjoy Bonfires in the backyard and make lifelong memories.

Last Agent to Sell the Property

Lou Anne Ford

CENTURY 21 Northland License #6506043339 Listed on: 05/08/2023

CENTURY 21 Northland

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $89

Year Built

  • Built in 1975

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 106 x 128
  • Private Waterfront
  • 106 Feet of Waterfront
  • Sandy Beach
  • Level Lot
  • The community has rules related to zoning restrictions

Home Design

  • Ranch Style House
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,220 Sq Ft Home
  • Blinds
  • Rods
  • Entrance Foyer
  • Water Views
  • Crawl Space

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Private Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Private Dock
  • Deck
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • Village Of Elk Rapids Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$89

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, 1 Story
  • Estimated Year Built: 1975
  • Construction: Frame
  • Private Shared: Private
  • Section Number: 21
  • Year Updated: 2023
  • Year Renovated: 2017
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1975

Interior Features

  • Appliances Equipment: Oven/Range, Dishwasher, Microwave, Washer, Dryer, Exhaust Fan, Blinds, Curtain Rods, Natural Gas Water Heater, Smoke Alarms(s)
  • Interior Amenities: Foyer Entrance, Pantry, Granite Kitchen Tops, Island Kitchen
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 13.3x12.4, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 12x10.5, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 9.9x9, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 2
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 3
  • Full Bathrooms: 1
  • Number of Three Quarter Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: On Level: Main Floor, Flooring: Vinyl
  • Kitchen: On Level: Main Floor, Flooring: Vinyl
  • Living Room: Dimensions: 13x13.5, On Level: Main Floor, Flooring: Vinyl
  • Estimated Above Ground Finished Sq Ft: 1220
  • Price Per Sq Ft: 430.33
  • Range: R 9W
  • Total Finished Sf Apx: 1220

Exterior Features

  • Body Of Water: Bass Lake
  • Exterior Features: Deck, Sidewalk, Gutters
  • Exterior Finish: Vinyl
  • Foundation: Crawl Space, Block, Entrance Inside
  • Number Of Acres: 0.31
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, Water View, Private Dock, Sandy Bottom
  • Waterfront Frontage: 106

Garage/Parking

  • Driveway: Concrete, Private
  • Garage Capacity: 3
  • Primary Garage: Attached, Door Opener, Concrete Floors

Utilities

  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: On Level: Main Floor, Flooring: Vinyl
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Internet
  • Water: Municipal

Association/Amenities

  • Development Name: VILLAGE OF ELK RAPIDS

Schools

  • School District: Elk Rapids Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Level
  • Lot Dimensions: 106 x 128
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Elk Rapids Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
Jun 23, 2023
Sold by
Reinhardt Richard G
Bought by
501 Lake St Llc
Seller's Agent
Lou Anne Ford
CENTURY 21 Northland
List Price
$599,900
Sold Price
$525,000
Premium/Discount to List
-$74,900
-12.49%
Views
85
Current Estimated Value
$544,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,064
Avg. Annual Appreciation
-1.81%

Purchase Details

Listed on
Oct 11, 2017
Closed on
Feb 16, 2018
Sold by
Cornerstone Homes Tc Llc
Bought by
Reinhardt Richard G
Seller's Agent
Felicia Randall
EXP Realty
Buyer's Agent
Kevin Perkins
Coldwell Banker Schmidt Traver
List Price
$295,000
Sold Price
$269,500
Premium/Discount to List
-$25,500
-8.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.27%
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 Buyer Sale Price Title Company
501 Lake St Llc $525,000 Attorney Only
Reinhardt Richard G $269,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2023 06/23/23 Sold $525,000 -4.5% $430 / Sq Ft
06/20/2023 06/20/23 Pending -- -- --
06/01/2023 06/01/23 Price Changed $549,900 -8.3% $451 / Sq Ft
05/08/2023 05/08/23 For Sale $599,900 +122.6% $492 / Sq Ft
02/16/2018 02/16/18 Sold $269,500 -3.6% $221 / Sq Ft
12/10/2017 12/10/17 Pending -- -- --
11/29/2017 11/29/17 Price Changed $279,500 -5.3% $229 / Sq Ft
10/11/2017 10/11/17 For Sale $295,000 -- $242 / 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 $89 $190,900 $0 $0
2024 $89 $192,300 $0 $0
2023 $3,903 $147,600 $0 $0
2022 $2,838 $130,800 $0 $0
2021 $2,822 $150,900 $0 $0
2020 $2,666 $129,700 $0 $0
2019 $2,840 $130,300 $0 $0
2018 $6,266 $120,700 $0 $0
2017 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1910682

Northern Great Lakes REALTORS® MLS

APN: 05-43-021-001-21