NOT LISTED FOR SALE

5110 N Bay Way Cheboygan, MI 49721

Estimated Value: $1,793,000 - $1,804,510

5 Beds
5 Baths
5,800 Sq Ft
$310/Sq Ft Est. Value

Last Sold June 14, 2022

Last sale price $1,590,000 $274 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $12,031/month

1 Day on Market

Highlights

  • Waterfront
  • No HOA
  • Fireplace
  • Pellston Elementary School Rated 9+
  • First Floor Utility Room
  • 3 Car Attached Garage

About This Home

As of June 2022

This Great Burt Lake Home has Five Bedrooms and Five Bathrooms. Sitting on a Beautiful Ten Acre Parcel With 170'Ft. of Sandy Burt Lake Frontage. Very Private Setting On This Burt Lake Property, Two Fireplaces, Sunroom On Lakeside Of Home, Large Family Room With Wet Bar, Two Stairways to Upper Level, Enclosed Porch, Open and Covered Decks, Ponds Plus Larger Pond Has Waterfall, Home Comes Furnished, Dock and Hoist included. Three Car Attached Garage With Exterior Shower For When You Come Off The Lake, Plus Large Pole Barn for Your Toys. Plenty Of Wildlife. This Is A Rare Opportunity To Own A Large Parcel On Burt Lake and To Be On The Inland Waterway.

Last Listed By

Walter Ellis

Berkshire Hathaway Homeservices Indian River Brokerage Phone: 231.238.7400 License #6506000495 Listed on: 06/03/2022

Berkshire Hathaway Homeservices Indian River

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,694

Lot Details

  • 10 Acre Lot
  • Waterfront
  • Inland Waterway
  • Property fronts a private road

Parking

  • 3 Car Attached Garage

Home Design

  • Frame Construction
  • Vinyl Siding
  • Vinyl Construction Material

Interior Spaces

  • 5,800 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Family Room on Second Floor
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Washer
  • Tile Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Well
  • Septic Tank
  • Septic System

Community Details

  • No Home Owners Association
  • T35n R3w Subdivision

Listing and Financial Details

  • Assessor Parcel Number 120-003-410-096-00
  • Tax Block Section 3

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,694

Lot Details

0

Listing Details

  • Directions: From Topinabee take Topinabee Mail Rt. to Left on Mullett Burt Rd. To East Burt Lk. Rd. Left on North Bay Way
  • Garage Yn: Yes
  • Lot Size: 10 Acres +-
  • Prop. Type: Residential
  • Dining Room Level: 1st
  • Kitchen Level: 1st
  • Living Room Level: 1st
  • Attribution Contact: 231.238.7400
  • Road Frontage Type: Inland Waterway
  • Lot Size Acres: 10.0
  • Road Surface Type: Gravel, Maintained, Private
  • Water Body Name: Burt Lake
  • NAV29_Unit_1_Appliances: Washer, Range/Oven, Refrigerator, Microwave, Dishwasher
  • Co List Office Phone: 231-238-7400
  • MLS Status: Closed
  • Subdivision Name: T35N R3W
  • Above Grade Finished Sq Ft: 4200.0
  • Architectural Style: 2+ Story
  • Contract Information:Short Sale: No
  • Property Information Waterfront: Yes
  • General Property Information Lot Size Dimensions: 10 Acres +-
  • Property Information Total Bathrooms2: 5.0
  • Property Information:Style2: 2+ Story
  • Property Information Construction: Frame
  • Road:Private2: Yes
  • Water Well2: Yes
  • Sewer:Septic2: Yes
  • Exterior:Vinyl2: Yes
  • General Property Information:Acres: 10.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Full, Walk-Out Access
  • BasementSpecificsBasementSize: 1600 Sq. Ft. +-
  • Interior Amenities: Ceiling Fan, Walk-In Closet(s)
  • Bedroom 3 Level: 2nd
  • Bedroom 4 Level: 2nd
  • Family Room Level: 2nd
  • Utility Room Level: 1st
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Tile

Exterior Features

  • Waterfront: Yes
  • Construction Type: Vinyl
  • Foundation Details: Basement

Garage/Parking

  • Property Information:Garage Stall2: 3
  • Property Information:Garage Type2: Attached/UN

Utilities

  • Sewer: Septic Tank
  • Heating: Forced Air, Propane
  • HeatingYN: Yes

Association/Amenities

  • TaxesAndPossessionAssociationDues: No

Schools

  • Junior High Dist: Pellston

Lot Info

  • Lot Size Sq Ft: 435600.0
  • ResoLotSizeUnits: Acres
  • Parcel Number: 120-003-410-096-00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Block: Section 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2022
Closed on
Jun 14, 2022
Sold by
Brophy Drew S
Bought by
Decklever William and Decklever Janet
Seller's Agent
Walter Ellis
Berkshire Hathaway Homeservices Indian River
Buyer's Agent
Walter Ellis
Berkshire Hathaway Homeservices Indian River
Sold Price
$1,590,000
Total Days on Market
1
Current Estimated Value
$1,798,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,755
Avg. Annual Appreciation
4.36%
Original Mortgage
$1,000,000
Outstanding Balance
$879,260
Interest Rate
4.83%
Mortgage Type
New Conventional
Estimated Equity
$919,495

Purchase Details

Closed on
Oct 17, 2013
Sold by
Brophy Drew S and Brophty Margaret
Bought by
Brophy Drew S and Drew S Brophy Revocable Trust Dated Febr

Purchase Details

Closed on
Feb 2, 2001
Sold by
Potter Barry and Potter Judy H
Bought by
Brophy Drew S

Purchase Details

Closed on
Mar 28, 2000
Bought by
Potter Barry

Purchase Details

Closed on
Jan 29, 2000
Bought by
Standard Federal Bank

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
Decklever William -- --
Brophy Drew S -- --
Brophy Drew S $964,000 --
Potter Barry $726,000 --
Standard Federal Bank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Decklever William $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2022 06/14/22 Sold $1,590,000 -- $274 / Sq Ft
06/04/2022 06/04/22 Pending -- -- --
Source: Water Wonderland Board of REALTORS®

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
2024 $24,694 $876,400 $0 $0
2023 $23,581 $749,000 $0 $0
2022 $13,265 $679,400 $0 $0
2021 $17,533 $550,000 $550,000 $0
2020 $17,606 $534,600 $534,600 $0
2019 $16,289 $405,800 $405,800 $0
2018 $15,998 $403,000 $0 $0
2017 $15,179 $403,200 $0 $0
2016 $15,008 $402,900 $0 $0
2015 -- $394,500 $0 $0
2014 -- $362,000 $0 $0
2012 -- $472,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Water Wonderland Board of REALTORS®

MLS Number: 201818974

Water Wonderland Board of REALTORS®

APN: 120-003-410-096-00