NOT LISTED FOR SALE

507 1st St Elk Rapids, MI 49629

Estimated Value: $485,000 - $569,000

3 Beds
2.5 Baths
1,605 Sq Ft
$334/Sq Ft Est. Value

Last Sold April 08, 2024

Last sale price $499,000 $311 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,353/month

33 Days on Market

Highlights

  • Public Water Access
  • Deck
  • Ranch Style House
  • Elk Rapids High School Rated A-
  • Vaulted Ceiling
  • Corner Lot

About This Home

As of April 2024

Beautiful home on desirable West side of Elk Rapids. Located three blocks away from the beach and downtown. Imagine walking or biking with ease to restaurants, the movie theater, and other amenities that downtown Elk Rapids offers. Full unfinished basement allows for future expansion. Perfect opportunity to make this corner lot house your home. New roof in 2021. Wood clad double hung windows. Underground sprinklers. New hot water heater.

Last Agent to Sell the Property

Scott Moore

EXIT Northern Shores Realty-ER License #6501398436 Listed on: 02/28/2024

Last Buyer's Agent

Non Member Office

NON-MLS MEMBER OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,951

Year Built

  • Built in 1999

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 67x143
  • Landscaped
  • Corner Lot
  • Level Lot
  • Sprinkler System
  • The community has rules related to zoning restrictions

Home Design

  • Ranch Style House
  • Poured Concrete
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,605 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Formal Dining Room
  • Den
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Parking

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

Outdoor Features

  • Public Water Access
  • Deck

Schools

  • Lakeland Elementary School
  • Cherryland Middle School
  • Elk Rapids High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Air Filter
  • Natural Gas Water Heater
  • Satellite Dish
  • Cable TV Available

Community Details

  • Village Of Elk Rapids Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,951

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch
  • Estimated Year Built: 1999
  • Construction: Frame
  • Section Number: 21
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1999

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Exhaust Fan, Ceiling Fan, Natural Gas Water Heater, Smoke Alarms(s)
  • Interior Amenities: Foyer Entrance, Walk-In Closet(s), Island Kitchen, Formal Dining Room, Den/Study, Vaulted Ceilings, Drywall
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 13.5x14, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 10x13.5, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 11.5x11.5, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 2.5
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 3
  • Full Bathrooms: 1
  • Number of Three Quarter Bathrooms: 1
  • Half Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 12x11, On Level: Main Floor, Flooring: Carpet
  • Kitchen: Dimensions: 13x12, On Level: Main Floor, Flooring: Tile
  • Living Room: Dimensions: 26x14, On Level: Main Floor, Flooring: Carpet
  • Other Room: On Level: Main Floor, Flooring: Carpet
  • Estimated Above Ground Finished Sq Ft: 1605
  • Estimated Below Grade Unfinished Sq Ft: 1605
  • Price Per Sq Ft: 310.9
  • Range: R 9W
  • Total Finished Sf Apx: 1605

Exterior Features

  • Exterior Features: Sprinkler System, Deck, Landscaped
  • Exterior Finish: Vinyl
  • Foundation: Full, Poured Concrete, Entrance Inside
  • Number Of Acres: 0.23
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Near Pub.Access w/in 500'

Garage/Parking

  • Driveway: Concrete, Private
  • Garage Capacity: 2
  • Primary Garage: Attached, Door Opener

Utilities

  • Fireplaces And Stoves: Gas
  • Heating Cooling Types: Forced Air, Central Air, Electric Air Filter
  • Laundry: On Level: Main Floor
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV, Cable Internet, Dish TV, WiFi
  • Water: Municipal

Association/Amenities

  • Development Name: Village of Elk Rapids

Schools

  • School District: Elk Rapids Schools
  • Elementary School: Lakeland Elementary School
  • Middle School: Cherryland Middle School
  • High School: Elk Rapids High School

Lot Info

  • Land Features: Corner Lot, Level
  • Lot Dimensions: 67x143
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

Tax Info

  • Taxable Value: 108203

MLS Schools

  • Elementary School: Lakeland Elementary School
  • HighSchool: Elk Rapids High School
  • School District: Elk Rapids Schools
  • Middle School: Cherryland Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2024
Closed on
Apr 8, 2024
Sold by
Poniatoski A W & D M J Trust
Bought by
Swanson Andrew
Seller's Agent
Scott Moore
EXIT Northern Shores Realty-ER
Buyer's Agent
Non Member Office
NON-MLS MEMBER OFFICE
List Price
$499,000
Sold Price
$499,000
Views
58
Current Estimated Value
$536,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,774
Avg. Annual Appreciation
4.99%
Original Mortgage
$399,200
Outstanding Balance
$393,258
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$143,516

Purchase Details

Closed on
Apr 24, 2006
Bought by
Poniatoski Dorothy
Source: Public Records

Range of Values:

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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
Swanson Andrew $499,000 Liberty Title Agency Inc
Poniatoski Dorothy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swanson Andrew $399,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2024 04/08/24 Sold $499,000 0.0% $311 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
02/28/2024 02/28/24 For Sale $499,000 -- $311 / 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 $5,951 $266,600 $0 $0
2024 $53 $224,900 $0 $0
2023 $3,075 $191,700 $0 $0
2022 $2,236 $170,100 $0 $0
2021 $2,140 $128,200 $0 $0
2020 $2,022 $132,300 $0 $0
2019 $2,104 $137,400 $0 $0
2018 $3,181 $124,000 $0 $0
2017 $3,123 $122,700 $0 $0
2016 $2,532 $116,400 $0 $0
2015 -- $130,400 $0 $0
2014 -- $103,500 $0 $0
2013 -- $90,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1919666

Northern Great Lakes REALTORS® MLS

APN: 05-43-175-003-00