$336,000
SOLD MAR 7, 2025

505 E 3rd St Elk Rapids, MI 49629

2 Beds
1 Bath
1,145 Sq Ft
0.25 Acres

Recently Sold

$293 Per Sq Ft

3% Below List Price

168 Days on Market

Highlights

  • Deck
  • Contemporary Architecture
  • Main Floor Primary Bedroom
  • Elk Rapids High School Rated A-
  • Cathedral Ceiling
  • Loft

About This Home

As of March 2025

Young families, retirees, gardening and permaculture enthusiasts: check out this new Elk Rapids listing! Recently updated bathroom, kitchen counters, backsplash, flooring and brand-new washer-dryer. The vaulted ceiling gives the space an open & airy feel. Main level living with a loft for bonus space. Outside, you'll find an amazing, fully-fenced food forest featuring apple, pear, cherry, peach, plum, mulberry, and Asian pear trees along with other perennials including flowers, hazelnuts, herbs, gumi, asparagus, blueberries, raspberries, strawberries, and gooseberries. Hoophouse, shed, and 1.5 car garage with workbench complete this compelling package. This home is steps away from East side amenities including award-winning ER schools, athletic fields, walking trails, golf course, tennis courts, restaurants, and three rarely used Elk Lake public access points. A short bike ride connects you to Elk Rapid's quaint shops, restaurants, and awesome Lake Michigan beaches, while boaters will enjoy exceptional harbors and easy launch points to GT Bay, Elk Lake, and Bass Lake. This is priced to sell and ready for its next chapter as the perfect base for sustainable Elk Rapid's living!

Last Agent to Sell the Property

Christian Nelson

RE/MAX Of Elk Rapids License #6502369390 Listed on: 09/14/2024

RE/MAX Of Elk Rapids

Last Buyer's Agent

Christian Nelson

RE/MAX Of Elk Rapids License #6502369390 Listed on: 09/14/2024

RE/MAX Of Elk Rapids

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,232

Year Built

  • Built in 1940

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 70x156
  • Corner Lot
  • Level Lot
  • The community has rules related to zoning restrictions

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,145 Sq Ft Home
  • 1.5-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Drapes & Rods
  • Entrance Foyer
  • Loft
  • Crawl Space

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • Brand And Durkee's Add East El Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,232

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 1.5 Story, Contemporary
  • Estimated Year Built: 1940
  • Construction: Frame
  • Principal Residence: Yes
  • Section Number: 21
  • Year Updated: 2013
  • Year Renovated: 2024
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1940

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Washer, Dryer, Drapes, Curtain Rods, Ceiling Fan
  • Interior Amenities: Cathedral Ceilings, Foyer Entrance, Loft
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 12'1"x11'6", On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 11'5"x9'9", On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 9'3"x13'7", On Level: Main Floor, Flooring: Laminate
  • Kitchen: Dimensions: 9'7"x8'10", On Level: Main Floor, Flooring: Laminate
  • Living Room: Dimensions: 17'6"x13'8", On Level: Main Floor, Flooring: Carpet
  • Other Room: Dimensions: 13'6"x9'9", On Level: Upper Floor, Flooring: Carpet
  • Estimated Above Ground Finished Sq Ft: 1145
  • Price Per Sq Ft: 293.45
  • Range: R 9W
  • Total Finished Sf Apx: 1145

Exterior Features

  • Exterior Features: Deck, Sidewalk
  • Exterior Finish: Wood
  • Foundation: Crawl Space
  • Number Of Acres: 0.25
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Garage/Parking

  • Driveway: Gravel
  • Garage Capacity: 2
  • Primary Garage: Detached

Utilities

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

Association/Amenities

  • Development Name: BRAND AND DURKEE'S ADD EAST EL

Schools

  • School District: Elk Rapids Schools

Lot Info

  • Land Features: Corner Lot, Level
  • Lot Dimensions: 70x156
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

Tax Info

  • Taxable Value: 65143

MLS Schools

  • School District: Elk Rapids Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2024
Closed on
Mar 7, 2025
Sold by
Liggett Zachary
Bought by
Graff Jennifer
Seller's Agent
Christian Nelson
RE/MAX Of Elk Rapids
Buyer's Agent
Christian Nelson
RE/MAX Of Elk Rapids
List Price
$346,000
Sold Price
$336,000
Premium/Discount to List
-$10,000
-2.89%
Views
129
Current Estimated Value
$328,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,504
Avg. Annual Appreciation
-3.63%
Original Mortgage
$302,400
Outstanding Balance
$300,769
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$27,727

Purchase Details

Listed on
May 24, 2013
Closed on
Aug 8, 2013
Sold by
Courtade Paul E
Bought by
Liggett Zachary and Suh Misaeng
Seller's Agent
Christian Nelson
RE/MAX Of Elk Rapids
Buyer's Agent
Christian Nelson
RE/MAX Of Elk Rapids
List Price
$99,000
Sold Price
$91,900
Premium/Discount to List
-$7,100
-7.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.84%

Purchase Details

Closed on
May 20, 2011
Bought by
Courtade Paul E
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $336,000 Riverside Title
Warranty Deed $91,900 --
Deed $69,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $302,400 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/07/2025 03/07/25 Sold $336,000 +0.3% $293 / Sq Ft
03/01/2025 03/01/25 Pending -- -- --
10/15/2024 10/15/24 Price Changed $335,000 -3.2% $293 / Sq Ft
09/14/2024 09/14/24 For Sale $346,000 +276.5% $302 / Sq Ft
08/08/2013 08/08/13 Sold $91,900 -7.2% $80 / Sq Ft View Prior Sale
07/27/2013 07/27/13 Pending -- -- --
05/24/2013 05/24/13 For Sale $99,000 -- $86 / 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 $2,232 $114,700 $0 $0
2024 $18 $111,100 $0 $0
2023 $1,763 $87,800 $0 $0
2022 $1,282 $78,500 $0 $0
2021 $1,227 $74,000 $0 $0
2020 $1,159 $68,500 $0 $0
2019 $1,207 $62,900 $0 $0
2018 $1,824 $63,400 $0 $0
2017 $1,791 $58,600 $0 $0
2016 $1,452 $55,700 $0 $0
2015 -- $54,300 $0 $0
2014 -- $51,500 $0 $0
2013 -- $50,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1927139

Northern Great Lakes REALTORS® MLS

APN: 05-43-100-009-00