NOT LISTED FOR SALE

5491 E Bear River Rd Boyne Falls, MI 49713

Estimated Value: $219,000 - $374,000

3 Beds
1 Bath
1,500 Sq Ft
$178/Sq Ft Est. Value

Last Sold October 21, 2020

Last sale price $139,200 $93 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $1,537/month

5 Days on Market

Highlights

  • 2.04 Acre Lot
  • Wood Burning Stove
  • First Floor Utility Room
  • Deck
  • Cathedral Ceiling
  • Snowmobile Trail

About This Home

As of October 2020

Country living on 2 acres just 10 minutes SE of Petoskey in the Petoskey school district. The house was once a small farmhouse and was eventually added on to. It's been rented and in need of a facelift but it has good bones on a REALLY pretty two plus acres. This "handy man" special is being sold "as is" because there is work to do - and, it will not go FHA or VA. Two of the bedrooms are quite large, a third is good in size but you will want to reconfigure the door way as it's only about 2 feet wide. Note the multiple pantries as well as an office space to the left of the kitchen. There is also a large laundry plus storage room to the right of the kitchen. Roof is about 10 years old and furnace is about 6 years old. The Seller shared that there is a room in the attic that is accessed from a room in the basement via a ladder. It's part of the original building. This house is easy to show. At this price it won't last long.

Last Agent to Sell the Property

Karen Colburn

EXP Realty Listed on: 08/30/2020

EXP Realty

Last Buyer's Agent

Jaimie Pierce

Berkshire Hathaway HomeServices Michigan Real Estate - HS

Berkshire Hathaway HomeServices Michigan Real Estate - HS

Home Details

Home Type

  • Single Family

Lot Details

  • 2.04 Acre Lot
  • Property is zoned 401

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Wood Burning Stove
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Outdoor Features

  • Deck
  • Shed

Location

  • Borders State Land

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Well
  • Gas Water Heater
  • Septic System

Community Details

  • Snowmobile Trail

Listing and Financial Details

  • Assessor Parcel Number 01-19-36-400-007

Home Details

Home Type

Single Family

Lot Details

2.04 Acres

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 08/31/2020
  • Section: 36
  • S E V Yr: 55,900/20
  • Second Address Number: 5491
  • Directions: From junction of River Rd and Bear River Road head east 3 miles. Property is on the left.
  • OFFICELIST_STATE: MI
  • Street Designation: Road
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Cathedral Ceilings, Deck, Range, Refrigerator, Wood Stove, Near Snowmobile Trails, Borders State Land, Paved Road
  • Total Finished Sq Ft: 1500
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Main
  • Bedroom 4: On Level: N/A
  • Basement: Block, Full
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: N/A
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 1500
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: N/A
  • Number Of Bedrooms: 3
  • Full Bathrooms: 1
  • Rooms 1: Dimensions: Study/office, On Level: Main
  • Rooms 2: On Level: N/A
  • Windows: Vinyl, Low E

Exterior Features

  • Construction: Wood Frame/Site Built, One Story
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Utilities

  • Heat Type: Forced Air, LP Gas
  • Sewer: Septic
  • Water: Well
  • Water Heater: Gas

Schools

  • School District: Petoskey

Lot Info

  • Estimated Number of Acres: 2.04
  • Zoning: 401

Tax Info

  • Assessor Parcel Number: 01-19-36-400-007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2020
Closed on
Oct 21, 2020
Sold by
John Archer
Bought by
Austin Kruzel and Austin Kelly
Seller's Agent
Karen Colburn
EXP Realty
Buyer's Agent
Jaimie Pierce
Berkshire Hathaway HomeServices Michigan Real Estate - HS
List Price
$138,000
Sold Price
$139,200
Premium/Discount to List
$1,200
0.87%
Current Estimated Value
$267,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,819
Avg. Annual Appreciation
12.77%
Original Mortgage
$135,024
Outstanding Balance
$119,878
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$147,141

Purchase Details

Closed on
Sep 23, 1999
Sold by
Werden Spencer and Jo Mary
Bought by
Archer John

Purchase Details

Closed on
Jun 1, 1996
Bought by
Werden Pta
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
Austin Kruzel $139,200 --
Archer John $72,500 --
Werden Pta $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Austin Kruzel $135,024
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2020 10/21/20 Sold $139,200 +0.9% $93 / Sq Ft
08/30/2020 08/30/20 For Sale $138,000 -- $92 / Sq Ft
Source: Northern Michigan MLS

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 $1,601 $100,300 $11,000 $89,300
2024 $15 $89,700 $11,000 $78,700
2023 $1,460 $71,900 $9,500 $62,400
2022 $1,460 $60,300 $9,000 $51,300
2021 $1,412 $56,900 $0 $56,900
2020 $973 $55,900 $0 $55,900
2019 $1,582 $55,500 $0 $55,500
2018 $1,560 $47,500 $0 $47,500
2017 -- $47,200 $0 $47,200
2016 -- $44,600 $0 $44,600
2015 -- $41,900 $0 $0
2014 -- $36,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Karen Colburn

    EXP Realty

    Section Image

  • J

    Buyer's Agent in 2020

    Jaimie Pierce

    Berkshire Hathaway HomeServices Michigan Real Estate - HS

    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 463108

Northern Michigan MLS

APN: 01-19-36-400-007

Michigan Emmet County Boyne Falls 49713

5491 E Bear River Rd, Boyne Falls, MI

Not Listed for Sale

Detached

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