NOT LISTED FOR SALE

509 E 3rd St Elk Rapids, MI 49629

Estimated Value: $451,000 - $544,000

4 Beds
3 Baths
1,910 Sq Ft
$265/Sq Ft Est. Value

Last Sold September 27, 2024

Last sale price $469,000 $246 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,992/month

10 Days on Market

Highlights

  • Spa
  • RV or Boat Parking
  • Deck
  • Elk Rapids High School Rated A-
  • Home Performance with ENERGY STAR
  • Ranch Style House

About This Home

As of September 2024

Nicely updated, turn-key home in the village of Elk Rapids, across the street from Elk Rapids Schools! This corner property on two lots has some of the charm of a 1960s cottage with all the modern finishes of a new home. It was recently remodeled in 2021 including all new paint, flooring, windows, furnace, central air and hot tub. It was even more recently updated with top of the line GE Cafe kitchen appliances including an energy efficient induction range and GE Profile front-load washer and dryer in 2023. Cozy up next to the crackling fire in the wood-burning, fieldstone fireplace in the living room. The large primary suite includes a walk-in closet, sky lights and a private bath with a walk-in tile shower and a soaking tub. Off the primary suite there's a private patio with a hot tub and access to the backyard where there's a hookup for a natural gas grill. The detached 28' x 30' garage offers plenty of room for 2 cars, a workbench and lots of storage but if that isn't enough, there's an additional driveway for more parking. The backyard is fenced in on 2 sides ensuring privacy from the neighbors and making it easy to complete. Next to the house there's space for an RV with hookups for water, sewer and electric. Walk across the street to Elk Rapids schools or catch a game at any of the school's athletic fields. Enjoy the slower pace and small town amenities of village living where you'll be just a mile from restaurants and breweries like Short's Pull Barn and Pearl's New Orleans Kitchen. It's only a few minutes to the boat launch on Elk Lake and to the Elk Rapids Sandbar and beach on the East Arm of the Grand Traverse Bay and just 15 minutes to the Torch Lake Sandbar. With a short commute to Traverse City, this home is perfect for a young family, those looking for a second home up north or anyone looking to be near all that NW Michigan has to offer, while still being a comfortable distance from the city. This home is a rare example of true pride in ownership.

Last Agent to Sell the Property

Bill Wiegandt

Keller Williams Northern Michigan License #6501446816 Listed on: 08/22/2024

Keller Williams Northern Michigan

Last Buyer's Agent

Christian Nelson

RE/MAX Of Elk Rapids License #6502369390

RE/MAX Of Elk Rapids

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,576

Year Built

  • Built in 1965

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 142.5 x 108
  • Landscaped
  • Corner Lot
  • Level Lot
  • The community has rules related to zoning restrictions

Home Design

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

Interior Spaces

  • 1,910 Sq Ft Home
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Blinds
  • Bay Window
  • Mud Room
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Heated Garage
  • Garage Door Opener
  • Private Driveway
  • RV or Boat Parking

Eco-Friendly Details

  • Energy-Efficient Windows with Low Emissivity
  • Home Performance with ENERGY STAR

Outdoor Features

  • Spa
  • Deck
  • Patio
  • Shed
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • Water Filtration System
  • Natural Gas Water Heater
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,576

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch
  • Percent Of Remodel: 95
  • Estimated Year Built: 1965
  • Construction: Frame
  • Principal Residence: Yes
  • Univs Design Barrier Free: Low Threshold Shower, Grab Bars
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1965
  • Year Renovated: 2021

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Water Filtration System, Hot Tub, Blinds, Ceiling Fan, Natural Gas Water Heater, Smoke Alarms(s)
  • Interior Amenities: Skylights, Bay Window(s), Walk-In Closet(s), Mud Room, Drywall
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 23' 9x13' 9, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 13'6"x13'5", On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 13'4"x9'6", On Level: Main Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 14'9"x11'6", On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 3
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 3
  • Full Bathrooms: 2
  • Number of Three Quarter Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 19'x10' 7", On Level: Main Floor, Flooring: Vinyl
  • Kitchen: Dimensions: 13'x11' 7", On Level: Main Floor, Flooring: Vinyl
  • Living Room: Dimensions: 23' 6"x16' 5", On Level: Main Floor, Flooring: Vinyl
  • Range: R 9W
  • Total Finished Sf Apx: 1910

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Exterior Features: Deck, Patio, Landscaped, RV Parking, Gutters
  • Exterior Finish: Vinyl
  • Foundation: Crawl Space, Block, Wood
  • Number Of Acres: 0.35
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Garage/Parking

  • Driveway: Concrete, Private
  • Garage Capacity: 2
  • Primary Garage: Detached, Door Opener, Heated, Concrete Floors

Utilities

  • Fireplaces And Stoves: Fireplace(s), Wood
  • Heating Cooling Types: Forced Air, Baseboard, Central Air
  • Laundry: Dimensions: 7'1"x5'11", On Level: Main Floor, Flooring: Vinyl
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Municipal

Green Features

  • Energy Efficient: Energy Star Appliances, Energy Efficient Windows, Low-e Windows

Lot Info

  • Lot Number: 22&24
  • Land Features: Corner Lot, Level
  • Lot Dimensions: 142.5 x 108
  • Mineral Rights: Unknown
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

Tax Info

  • Other Taxes: 1,305.31
  • Summer Taxes: 1,662.96
  • Total Taxes: 3575.89
  • Winter Taxes: 607.62
  • Year Winter: 2023

MLS Schools

  • School District: Elk Rapids Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Sep 27, 2024
Sold by
Janisse James D
Bought by
Liggett Zachary and Misaeng Suh
Seller's Agent
Bill Wiegandt
Keller Williams Northern Michigan
Buyer's Agent
Christian Nelson
RE/MAX Of Elk Rapids
List Price
$469,000
Sold Price
$469,000
Views
32
Current Estimated Value
$507,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,689
Avg. Annual Appreciation
7.40%
Original Mortgage
$328,300
Outstanding Balance
$324,816
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$180,701
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
Liggett Zachary $469,000 Riverside Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liggett Zachary $328,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2024 09/27/24 Sold $469,000 0.0% $246 / Sq Ft
09/01/2024 09/01/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $469,000 -- $246 / 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 $3,600 $187,500 $0 $0
2024 $30 $179,700 $0 $0
2023 $2,844 $143,800 $0 $0
2022 $2,068 $124,400 $0 $0
2021 $1,980 $116,200 $0 $0
2020 $1,870 $106,500 $0 $0
2019 $1,946 $112,800 $0 $0
2018 $2,942 $113,100 $0 $0
2017 $2,889 $104,400 $0 $0
2016 $2,342 $99,100 $0 $0
2015 -- $96,400 $0 $0
2014 -- $91,200 $0 $0
2013 -- $88,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1926305

Northern Great Lakes REALTORS® MLS

APN: 05-43-100-008-00