$479,000
SOLD APR 17, 2025

525 Forest Ave Frankfort, MI 49635

4 Beds
2 Baths
1,536 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$312 Per Sq Ft

2% Below List Price

2 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • 1-Story Property
  • 5-minute walk to Frankfort Open Space
  • Shed

About This Home

As of April 2025

Investors: Take a look at this rented, well-maintained duplex situated on a one-way street in downtown Frankfort. Located just blocks from the beach, these 2 BR 1 BA units include access to a clean, unfinished basement and a sunny backyard. Tenants currently use the alley parking and there is a potential spot for a garage. The 1,536 square-foot building includes separate utilities for each unit, 2 newer forced-air furnaces and air conditioning. On the west side of M-22, this quieter spot on Forest Avenue is an easy stroll to downtown amenities such as shops, eateries, the movie theater, marina and parks.

Last Agent to Sell the Property

Christine Stapleton

Stapleton Realty License #6504271071 Listed on: 03/15/2025

Last Buyer's Agent

Kari King

Century 21 Northland-Frankfort License #6501404677

Century 21 Northland-Frankfort

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150
  • The community has rules related to zoning restrictions

Home Design

  • Duplex
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Oven or Range

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • 2 Units
  • City Of Frankfort Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Duplex (2 Story)
  • Style: 1 Story
  • Estimated Year Built: 1974
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1974

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Washer, Dryer
  • Range: R 16W
  • Total Finished Sf Apx: 1536

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Exterior Features: Sidewalk
  • Exterior Finish: Vinyl Siding
  • Foundation: Full, Unfinished
  • Number Of Acres: 0.17
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Tv, Cable Internet
  • Water: Municipal
  • Heating Cooling Type: Forced Air, Central Air

Association/Amenities

  • Development Name: City of Frankfort

Lot Info

  • Lot Number: 15
  • Lot Dimensions: 50x150
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

Multi Family

  • Total Number Units: 2

MLS Schools

  • School District: Frankfort-Elberta Area Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2021
Closed on
Apr 30, 2021
Sold by
Burkhart John B and Burkhart Stephanie M
Bought by
Elwell Michael A and Elwell Luann J
Seller's Agent
Amber Crane
REO-TCFront-233021
Buyer's Agent
Kari King
Century 21 Northland-Frankfort
List Price
$269,000
Sold Price
$290,000
Premium/Discount to List
$21,000
7.81%
Current Estimated Value
$501,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,738
Avg. Annual Appreciation
12.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Type Sale Price Title Company
Deed $290,000 Searchlight Abs
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/17/2025 04/17/25 Sold $479,000 -2.2% $312 / Sq Ft
03/15/2025 03/15/25 For Sale $489,900 +68.9% $319 / Sq Ft
04/30/2021 04/30/21 Sold $290,000 +7.8% $191 / Sq Ft View Prior Sale
03/29/2021 03/29/21 For Sale $269,000 -- $177 / 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 $10,366 $212,400 $0 $0
2024 $101 $199,700 $0 $0
2023 $9,436 $193,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1931481

Northern Great Lakes REALTORS® MLS

APN: 51-010-179-00