NOT LISTED FOR SALE

514 S Bridge Elk Rapids, MI 49629

Estimated Value: $300,000 - $355,000

2 Beds
1 Bath
992 Sq Ft
$336/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $209,500 $211 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,269/month

6 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Shed
  • Elk Rapids High School Rated A-
  • Mud Room
  • 5-minute walk to Rotary Park

About This Home

As of October 2021

Great in town location!! Don't miss this cozy, affordable bungalow in the heart of the Village of Elk Rapids. Tons of updates, including a brand new roof with additional insulation, new windows, new electric and plumbing, flooring in bedrooms and new doors. The recently remodeled kitchen is open and bright with new appliances, flooring and cabinets . Set on a large Village lot, you can enjoy the back deck while tossing a ball with your favorite furry friend. Walk to local parks, the beach, shopping and restaurants downtown. The Village of Elk Rapids does allow Short Term Rentals with a permit. Award winning Elk Rapids Schools nearby, along with access to Grand Traverse Bay and Elk Lake.

Last Agent to Sell the Property

Kellie Sergent

Century 21 Northland-Elk Rapids License #6506048950 Listed on: 09/01/2021

Century 21 Northland-Elk Rapids

Last Buyer's Agent

Robin Vanderkaay

Century 21 Northland-Elk Rapids License #6501410850

Century 21 Northland-Elk Rapids

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1955

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 66 x 141
  • Level Lot
  • The community has rules related to zoning restrictions

Parking

  • Gravel Driveway

Home Design

  • Ranch Style House
  • Bungalow
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 992 Sq Ft Home
  • Blinds
  • Mud Room
  • Michigan Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Shed

Schools

  • Lakeland Elementary School

Utilities

  • Ductless Heating Or Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • Village Of Elk Rapids Community

Home Details

Home Type

Single Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, Bungalow
  • Estimated Year Built: 1955
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1955
  • Year Renovated: 2019

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Blinds, Natural Gas Water Heater
  • Interior Amenities: Mud Room
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 11x9, On Level: Main Floor, Flooring: Laminate
  • Bedroom 2: Dimensions: 9x9, On Level: Main Floor
  • Total Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Primary: No
  • Dining Room: Dimensions: 13x11, On Level: Main Floor, Flooring: Laminate
  • Kitchen: Dimensions: 17x10, On Level: Main Floor
  • Living Room: Dimensions: 15x13, On Level: Main Floor, Flooring: Wood
  • Range: R 9W
  • Total Finished Sf Apx: 992

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Exterior Features: Deck, Sidewalk
  • Exterior Finish: Wood
  • Foundation: Michigan Basement, Entrance Inside
  • Number Of Acres: 0.21
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Garage/Parking

  • Driveway: Gravel

Utilities

  • Heating Cooling Types: Ductless A/C
  • Laundry: On Level: Main Floor, Flooring: Laminate
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Municipal

Association/Amenities

  • Development Name: Village of Elk Rapids

Lot Info

  • Land Features: Level
  • Lot Dimensions: 66 x 141
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential, Commercial

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • Elementary School: Lakeland Elementary School
  • School District: Elk Rapids Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2021
Closed on
Oct 20, 2021
Sold by
Thomas Logan
Bought by
Lessard Jonathan D
Seller's Agent
Kellie Sergent
Century 21 Northland-Elk Rapids
Buyer's Agent
Robin Vanderkaay
Century 21 Northland-Elk Rapids
List Price
$209,900
Sold Price
$209,500
Premium/Discount to List
-$400
-0.19%
Current Estimated Value
$333,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,724
Avg. Annual Appreciation
11.89%
Original Mortgage
$199,025
Outstanding Balance
$181,492
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$151,732
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
Lessard Jonathan D $209,500 Searchlight Title Services
Lessard Jonathan D $209,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lessard Jonathan D $199,025
Closed Lessard Jonathan D $199,025
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2021 10/22/21 Sold $209,500 -0.2% $211 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $209,900 -- $212 / 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 $6,196 $160,300 $0 $0
2024 $55 $147,800 $0 $0
2023 $5,250 $118,000 $0 $0
2022 $4,279 $107,300 $0 $0
2021 $1,248 $98,100 $0 $0
2020 $1,179 $74,100 $0 $0
2019 $1,227 $56,300 $0 $0
2018 $1,879 $55,700 $0 $0
2017 $1,752 $55,300 $0 $0
2016 $1,421 $53,000 $0 $0
2015 -- $51,200 $0 $0
2014 -- $44,000 $0 $0
2013 -- $41,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1892448

Northern Great Lakes REALTORS® MLS

APN: 05-43-010-197-00