$182,500
SOLD MAR 5, 2025

516 Ames St Elk Rapids, MI 49629

2 Beds
1 Bath
800 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$228 Per Sq Ft

27% Below List Price

155 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Forced Air Zoned Heating and Cooling System
  • Elk Rapids High School Rated A-

About This Home

As of March 2025

Don't miss this charming cottage home nestled in the heart of Elk Rapids. This spacious cottage features vaulted tongue-and-groove ceilings in the living room, creating a bright and open atmosphere. Enjoy a newly updated bathroom, Vinyl Plank Flooring throughout, a built-in sound system, a new tankless hot water heater, and new 3-zone mini-split heating. Explore the convenience of walking to nearby attractions, including 3 lakes (E. Grand Traverse, Elk Lake, and Bass Lake), the popular Pearls restaurant across the street, and a short walk to Short's Brewery. Also within walking distance are Elk Rapids Country Club, tennis courts, school, and town amenities. Everything you need is just steps away, and Torch Lake is only a 10-minute drive. Brand new front door and porch were just installed.

Last Agent to Sell the Property

Timmy Cox

RE/MAX Platinum License #6501395559 Listed on: 08/19/2024

RE/MAX Platinum

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1929

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 54x154x50x143

Home Design

  • Ranch Style House
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 800 Sq Ft Home
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Location

  • Ground Level

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Craws 2Nd Add To Elk Rapids Vlg Subdivision

Listing and Financial Details

  • Assessor Parcel Number 054315001200

Home Details

Home Type

Single Family

Est. Annual Taxes

$713

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 1462.98; Village Taxes
  • Year Built: 1929
  • State Equalized Value: 43100.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 6
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Kitchen Appliances: Free-Standing Refrigerator
  • Sq Ft Combined: 800
  • Total Sq Ft: 800

Exterior Features

  • Foundation Details: Crawl
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 54
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air, Zoned
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Community

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Elk Rapids

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.18
  • Lot Dimensions: 54x154x50x143
  • Parcel Number: 054315001200

Tax Info

  • Tax Amount Summer: 525.2600
  • Tax Amount Winter: 188.4600
  • Total Tax: 713.0000
  • Taxable Value: 30145.0000

MLS Schools

  • School District: Elk Rapids

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2024
Closed on
Mar 5, 2025
Sold by
Hayes David
Bought by
Mcchesney Ryan
Seller's Agent
Timmy Cox
RE/MAX Platinum
List Price
$249,000
Sold Price
$182,500
Premium/Discount to List
-$66,500
-26.71%
Views
315
Current Estimated Value
$205,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,024
Avg. Annual Appreciation
6.80%
Original Mortgage
$182,500
Outstanding Balance
$181,682
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$6,547

Purchase Details

Listed on
Apr 9, 2015
Closed on
Nov 23, 2015
Sold by
Bank Of America Na
Bought by
Hayes David
Seller's Agent
Mark Hagan
Coldwell Banker Schmidt Traver
Buyer's Agent
Mark Hagan
Coldwell Banker Schmidt Traver
List Price
$114,000
Sold Price
$52,000
Premium/Discount to List
-$62,000
-54.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.67%

Purchase Details

Closed on
Apr 8, 2015
Sold by
Nationalstar Mortgage Llc Dba Champion M
Bought by
Bank Of America Na

Purchase Details

Closed on
Dec 5, 2014
Sold by
Mary R Mary R
Bought by
Nationstar Mortgage Llc and Champion Mortgage Company

Purchase Details

Closed on
Jan 20, 2012
Sold by
Brief Mary R
Bought by
Brief Mary R and Brukner Dale

Purchase Details

Closed on
Jun 13, 2009
Bought by
Brief Mary R
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Deed $182,500 Riverside Title
Deed $52,000 None Available
Deed -- None Available
Interfamily Deed Transfer $59,058 --
Warranty Deed -- --
Warranty Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $182,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2025 03/05/25 Sold $182,500 -3.4% $228 / Sq Ft
01/22/2025 01/22/25 Pending -- -- --
12/17/2024 12/17/24 Price Changed $189,000 -5.0% $236 / Sq Ft
11/18/2024 11/18/24 Price Changed $199,000 -5.2% $249 / Sq Ft
11/11/2024 11/11/24 Price Changed $210,000 -4.5% $263 / Sq Ft
10/11/2024 10/11/24 Price Changed $220,000 -4.3% $275 / Sq Ft
10/01/2024 10/01/24 Price Changed $230,000 -4.2% $288 / Sq Ft
09/14/2024 09/14/24 Price Changed $240,000 -4.0% $300 / Sq Ft
08/19/2024 08/19/24 Price Changed $249,900 +0.4% $312 / Sq Ft
08/19/2024 08/19/24 For Sale $249,000 0.0% $311 / Sq Ft
08/17/2024 08/17/24 Price Changed $249,000 +378.8% $311 / Sq Ft
01/04/2016 01/04/16 Sold $52,000 -54.4% $74 / Sq Ft
11/13/2015 11/13/15 Pending -- -- --
04/09/2015 04/09/15 For Sale $114,000 -- $162 / Sq Ft
Source: Realcomp

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 $21 $57,000 $0 $0
2024 $21 $54,400 $0 $0
2023 $1,826 $44,800 $0 $0
2022 $1,145 $37,200 $0 $0
2021 $1,102 $35,000 $0 $0
2020 $1,062 $32,300 $0 $0
2019 $1,075 $31,100 $0 $0
2018 $1,364 $28,300 $0 $0
2017 $1,338 $26,700 $0 $0
2016 $1,169 $25,500 $0 $0
2015 -- $24,800 $0 $0
2014 -- $23,700 $0 $0
2013 -- $24,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240060139

Realcomp

APN: 05-43-150-012-00