NOT LISTED FOR SALE

540 W Lake St Unit 5 Tawas City, MI 48763

Estimated Value: $301,000 - $473,000

3 Beds
2 Baths
1,800 Sq Ft
$195/Sq Ft Est. Value

Last Sold June 07, 2022

Last sale price $245,000 $136 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,413/month

65 Days on Market

Highlights

  • River Access
  • Deck
  • Granite Countertops
  • Bay View
  • Main Floor Primary Bedroom
  • Covered Patio or Porch

About This Home

As of June 2022

With this location you have it "ALL"! Lake Huron out your Living Rm picture window & Mstr Bdrm, and as you sit on your rear deck you're overlooking the Tawas River, along with walking distance to stores, restaurants, and the City park across the street! Upon entering Unit 5, you can use the stairs to the 2nd level or take the elevator! This condo is spacious, open living, 3 bdrms, 2 baths, custom blinds, and for a condo, plenty of storage! this unit also comes with a 1 car detached garage plus an assigned parking spot. There is also a 7 x 7 storage room off the deck, with electrical & heat. Come take a look!

Last Agent to Sell the Property

Deborah Whitford

BEST CHOICE REALTY, INC. Listed on: 03/24/2022

Last Buyer's Agent

Deborah Whitford

BEST CHOICE REALTY, INC. Listed on: 03/24/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,480

Year Built

  • Built in 2008

Lot Details

  • Level Lot
  • The community has rules related to zoning restrictions

HOA Fees

  • $138 Monthly HOA Fees

Home Design

  • Block Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Blinds
  • Bay Views

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Assigned Parking

Outdoor Features

  • River Access
  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • Association fees include exterior maintenance, lawn care, snow removal, trash removal
  • Towne Square Community

Amenities

  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,480

Year Built

Built in 2008

Lot Details

0

HOA Fees

$138 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2+ Story
  • Estimated Year Built: 2008
  • Construction: Frame
  • Principal Residence: Yes
  • Section Number: 36
  • Univs Design Barrier Free: Grab Bars
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2008

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Exhaust Fan, Blinds, Ceiling Fan, Electric Water Heater
  • Interior Amenities: Walk-In Closet(s), Granite Kitchen Tops, Drywall
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 17x11, Flooring: Carpet
  • Bedroom 2: Dimensions: 13x12, Flooring: Carpet
  • Bedroom 3: Dimensions: 12x11, Flooring: Carpet
  • Total Bathrooms: 2
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 1
  • Number of Three Quarter Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 16x10, Flooring: Cork
  • Kitchen: Dimensions: 14x12, Flooring: Tile
  • Living Room: Dimensions: 17x15, Flooring: Cork
  • Estimated Above Ground Finished Sq Ft: 1800
  • Price Per Sq Ft: 136.11
  • Range: R 7E
  • Total Finished Sf Apx: 1800

Exterior Features

  • Exterior Features: Bay View, Deck, Covered Porch
  • Exterior Finish: Vinyl
  • Foundation: Block
  • Road: Blacktop
  • Roof: Asphalt
  • Water Features: River, Water View

Garage/Parking

  • Driveway: Blacktop
  • Garage Capacity: 1
  • Primary Garage: Detached, Assigned Parking Space, Door Opener, Paved Driveway

Utilities

  • Fireplaces And Stoves: Fireplace(s), Gas
  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: Dimensions: 9x5, On Level: Main Floor, Flooring: Tile
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV, Cable Internet, WiFi
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Lawn Care, Snow Removal, Trash Removal
  • Annual Association Fees: 1656
  • Condo: Yes
  • Condo Unit Access: Elevator, Stairway (Outdoor)
  • Condo Unit Level: Second Floor Level
  • Association Fees: Annual

Association/Amenities

  • Development Name: Towne Square

Schools

  • School District: Tawas Area Schools

Lot Info

  • Land Features: Level
  • Mineral Rights: Unknown
  • Parcel Description: Condo/None
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

Tax Info

  • Summer Taxes: 2980
  • Total Taxes: 3480
  • Winter Taxes: 500
  • Year Summer: 2021
  • Year Winter: 2021

MLS Schools

  • School District: Tawas Area Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2022
Closed on
Jun 7, 2022
Sold by
Leon Kersh Paul and Leon Karen S
Bought by
Wilson James A and Stamp Janie
Seller's Agent
Deborah Whitford
BEST CHOICE REALTY, INC.
Buyer's Agent
Deborah Whitford
BEST CHOICE REALTY, INC.
List Price
$269,900
Sold Price
$245,000
Premium/Discount to List
-$24,900
-9.23%
Current Estimated Value
$351,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,809
Avg. Annual Appreciation
11.01%
Original Mortgage
$223,250
Outstanding Balance
$213,336
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$129,643

Purchase Details

Closed on
Mar 5, 2018
Sold by
Kersh Paul L and Kersh Karen S
Bought by
Kersh Paul L and Kersh Karen S

Purchase Details

Closed on
Jul 30, 2015
Sold by
Towne Square Llc
Bought by
Kersh Paul Leon and Kersh Karen S
Source: Public Records

Range of Values:

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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
Wilson James A $245,000 None Listed On Document
Kersh Paul L -- --
Kersh Paul Leon $212,500 Attorney
Kersh Paul Leon -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson James A $223,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2022 06/07/22 Sold $245,000 -5.8% $136 / Sq Ft
05/28/2022 05/28/22 Pending -- -- --
05/26/2022 05/26/22 Price Changed $260,000 -3.7% $144 / Sq Ft
03/24/2022 03/24/22 For Sale $269,900 -- $150 / 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 $4,296 $145,500 $145,500 $0
2024 $4,136 $111,900 $0 $0
2023 $3,458 $112,400 $112,400 $0
2022 $3,629 $102,300 $102,300 $0
2021 $3,481 $97,700 $97,700 $0
2020 $3,502 $103,100 $103,100 $0
2019 $3,441 $97,700 $97,700 $0
2018 $1,584 $95,000 $95,000 $0
2017 $3,276 $94,400 $94,400 $0
2016 $3,140 $94,400 $0 $0
2015 -- $92,600 $0 $0
2014 -- $92,500 $0 $0
2013 -- $87,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Deborah Whitford

    BEST CHOICE REALTY, INC.

    (989) 820-7976

    40 Total Sales

    Deborah Whitford
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1897842

Northern Great Lakes REALTORS® MLS

APN: 132-T70-000-005-00

Michigan Iosco County Tawas City 48763

540 W Lake St Unit 5, Tawas City, MI

This home is located at 540 W Lake St Unit 5, Tawas City, MI 48763 since 24 March 2022 and is currently estimated at $351,809, approximately $195 per square foot. This property was built in 2008. 540 W Lake St Unit 5 is a home located in Iosco County with nearby schools including Clara B. Bolen Elementary School, Tawas Area Middle School, and Tawas Area High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northern Great Lakes REALTORS® MLS The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

Copyright 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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