NOT LISTED FOR SALE

507 Lake St Elk Rapids, MI 49629

Estimated Value: $667,000 - $836,000

3 Beds
2 Baths
2,384 Sq Ft
$326/Sq Ft Est. Value

Last Sold March 16, 2020

Last sale price $350,000 $147 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $4,114/month

213 Days on Market

Highlights

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

About This Home

As of March 2020

88 of frontage on Bass Lake. Enjoy this meticulously maintained home, open floorplan with extra wide hallway, convenient location walk /bike to down town Elk Rapids. Enjoy the large waterside deck, sprinkler system and extra large garage.

Last Agent to Sell the Property

Suzanne Centala

Keller Williams Northern Michigan License #6501358831 Listed on: 07/01/2019

Keller Williams Northern Michigan

Last Buyer's Agent

Alice Wittbrodt Rubert

WITTBRODT WATERSIDE PROPERTIES License #6501364859

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,572

Year Built

  • Built in 2002

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 88 x 207
  • Private Waterfront
  • 88 Feet of Waterfront
  • Sandy Beach
  • Level Lot
  • Sprinkler System
  • The community has rules related to zoning restrictions

Home Design

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

Interior Spaces

  • 2,384 Sq Ft Home
  • Ceiling Fan
  • Drapes & Rods
  • Mud Room
  • Entrance Foyer
  • Workshop
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Deck
  • Shed
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,572

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, 1 Story
  • Estimated Year Built: 2002
  • Construction: Frame
  • Principal Residence: Yes
  • Private Shared: Private
  • Univs Design Barrier Free: Extra Wide Hallways, Covered Entrance
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 2002

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Drapes, Curtain Rods, Ceiling Fan, Smoke Alarms(s)
  • Interior Amenities: Foyer Entrance, Mud Room, Workshop, Drywall
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 17x13, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 13x11, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 14x10, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 2
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 1
  • Number of Three Quarter Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 15x12, On Level: Main Floor, Flooring: Wood
  • Kitchen: Dimensions: 12x12, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 19x15, On Level: Main Floor, Flooring: Carpet
  • Other Room: Dimensions: 15x9, On Level: Main Floor, Flooring: Vinyl
  • Range: R 9W
  • Total Finished Sf Apx: 2384

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Body Of Water: Bass Lake
  • Exterior Features: Sprinkler System, Deck, Gutters
  • Exterior Finish: Vinyl
  • Foundation: Crawl Space, Block
  • Lake Size: 144 acres
  • Number Of Acres: 0.47
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), All Sports, Sandy Bottom, Available for Purchase, Deeded Easement, Public Lake
  • Waterfront Frontage: 88

Garage/Parking

  • Driveway: Blacktop
  • Garage Capacity: 2
  • Primary Garage: Attached, Door Opener, Paved Driveway

Utilities

  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: Dimensions: 15x10, On Level: Main Floor, Flooring: Vinyl
  • Sewer: Municipal
  • Tv Service Internet Avail: WiFi
  • Water: Municipal

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Level
  • Lot Dimensions: 88 x 207
  • Mineral Rights: Unknown
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential

Tax Info

  • Other Taxes: $1,036.36
  • Summer Taxes: $5,691.6
  • Total Taxes: 5572
  • Winter Taxes: $2,004.71
  • Year Winter: 2018

MLS Schools

  • School District: Elk Rapids Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2019
Closed on
Mar 12, 2020
Sold by
Pigeon Shirley A
Bought by
Gallagher Penny H
Seller's Agent
Suzanne Centala
Keller Williams Northern Michigan
Buyer's Agent
Alice Wittbrodt Rubert
WITTBRODT WATERSIDE PROPERTIES
List Price
$369,000
Sold Price
$350,000
Premium/Discount to List
-$19,000
-5.15%
Current Estimated Value
$654,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,586
Avg. Annual Appreciation
14.90%

Purchase Details

Closed on
Nov 5, 1999
Bought by
Pigeon Peter J and Pigeon Shirley A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gallagher Penny H $350,000 --
Pigeon Peter J -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2020 03/16/20 Sold $350,000 -2.8% $147 / Sq Ft
10/08/2019 10/08/19 Price Changed $360,000 -2.4% $151 / Sq Ft
07/01/2019 07/01/19 For Sale $369,000 -- $155 / 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 $8,054 $339,100 $0 $0
2024 $66 $340,500 $0 $0
2023 $6,363 $252,200 $0 $0
2022 $4,626 $213,200 $0 $0
2021 $5,519 $257,200 $0 $0
2020 $6,889 $256,600 $0 $0
2019 $6,978 $257,300 $0 $0
2018 $8,733 $220,800 $0 $0
2017 $5,572 $212,200 $0 $0
2016 $4,517 $196,100 $0 $0
2015 -- $183,000 $0 $0
2014 -- $181,900 $0 $0
2013 -- $158,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1863747

Northern Great Lakes REALTORS® MLS

APN: 05-43-021-001-30