503 W 2nd St Elk Rapids, MI 49629
Estimated payment $3,700/month
Highlights
- Deck
- Wooded Lot
- Corner Lot
- Elk Rapids High School Rated A-
- Main Floor Primary Bedroom
- Great Room
About This Home
This stunning 6 bed 5 bath residence in Elk Rapids is an extraordinary find. The main home provides abundant space for a large family, while 2 attached apartment units offer ready-made income stream or private housing for extended family. Beautiful corner lot with mature trees, deck and fire pit, perfect for outdoor entertaining. Situated in the heart of Elk Rapids, only blocks away from downtown, Grand Traverse Bay and Elk Lake. Only 10 miles from Traverse City regional airport for easy travel. Don't miss this opportunity for comfortable, versatile living in a quaint, historic, and vibrant community.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $49
Year Built
- Built in 1975
Lot Details
- 0.43 Acre Lot
- Lot Dimensions are 142x132
- Fenced Yard
- Corner Lot
- Level Lot
- Sprinkler System
- Wooded Lot
- The community has rules related to zoning restrictions
Parking
- 2 Car Attached Garage
Home Design
- Frame Construction
- Asphalt Roof
Interior Spaces
- 4,520 Sq Ft Home
- 1.5-Story Property
- Ceiling Fan
- Gas Fireplace
- Bay Window
- Mud Room
- Entrance Foyer
- Great Room
- Den
- Crawl Space
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Solid Surface Countertops
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- Primary Bedroom on Main
- In-Law or Guest Suite
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Patio
- Shed
- Porch
Location
- Mineral Rights
Utilities
- Forced Air Heating and Cooling System
- Baseboard Heating
- Water Softener Leased
- Cable TV Available
Community Details
- Dexter & Noble Community
Map
Home Values in the Area
Average Home Value in this Area
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 | $49 | $260,100 | $0 | $0 |
| 2024 | $49 | $226,700 | $0 | $0 |
| 2023 | $4,712 | $198,900 | $0 | $0 |
| 2022 | $3,840 | $182,500 | $0 | $0 |
| 2021 | $3,695 | $136,300 | $0 | $0 |
| 2020 | $3,560 | $125,600 | $0 | $0 |
| 2019 | $3,606 | $122,600 | $0 | $0 |
| 2018 | $4,574 | $123,600 | $0 | $0 |
| 2017 | $4,487 | $122,500 | $0 | $0 |
| 2016 | $3,920 | $117,300 | $0 | $0 |
| 2015 | -- | $117,300 | $0 | $0 |
| 2014 | -- | $96,300 | $0 | $0 |
| 2013 | -- | $96,400 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/19/2025 09/19/25 | For Sale | $699,900 | +185.8% | $155 / Sq Ft |
| 03/21/2012 03/21/12 | Sold | $244,900 | -2.0% | $77 / Sq Ft |
| 03/09/2012 03/09/12 | Pending | -- | -- | -- |
| 09/29/2010 09/29/10 | For Sale | $249,900 | -- | $78 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $244,900 | -- |
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1938794
APN: 05-43-175-023-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
Copyright 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
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