NOT LISTED FOR SALE

5940 Forest Ave Harbor Springs, MI 49740

Estimated Value: $227,469 - $438,000

2 Beds
1 Bath
1,017 Sq Ft
$339/Sq Ft Est. Value

Last Sold March 01, 2024

Last sale price $375,000 $369 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,020/month

29 Days on Market

Highlights

  • Barn
  • Wood Burning Stove
  • First Floor Utility Room
  • Harbor Springs High School Rated 9+
  • Wood Flooring
  • Wood Frame Window

About This Home

As of March 2024

Located in historic Cross Village, just a half mile from Lake Michigan and the beautiful Tunnel of Trees, this adorable two-bedroom Colonial cabin is an up-north dream with an acre of beautifully tended land and an additional monitor-style barn with endless possibilities. Approximately 1,100 square feet, the 1920s charmer is in incredible, rare vintage condition with stylish modern updates: new maple flooring; a new Quadra Fire Castile pellet stove in the living room; and an impeccably rehabbed vintage kitchen with refinished original metal cabinets, darling knotty pine details, and enough space for a dining table. The main floor also offers a full bath, laundry room, and pantry. Additional recent improvements include a new roof, seamless gutters, insulation, water heater, custom Anderson glass storm doors, appliances and fixtures (full list available – many more to note). The grounds are a gardener’s paradise: the expertly landscaped acre is full of beautiful perennial gardens, herbs and fruit trees, a firepit, and plenty of space for relaxing, entertaining and lawn games. The charming 600 square-foot newly painted barn features a new electrical panel and interior/exterior LED lighting and will make a perfect play barn, hobby workshop or equipment storage. Walking distance to famous landmark Legs Inn restaurant, Petoskey Brewing, Black Barn Farm, Three Pines Studio. A quick bike ride to Lake Michigan. Near plenty of beaches, hiking, Tunnel of Trees, Harbor Springs, Petoskey, Wilderness State Park.

Last Agent to Sell the Property

Matt Hausler

Real Estate One License #6501427975 Listed on: 02/01/2024

Real Estate One

Last Buyer's Agent

Danielle Smith

Gaslight Group Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,863

Lot Details

  • 1 Acre Lot
  • Property is zoned Recreational Residential

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Log Siding

Interior Spaces

  • 1,017 Sq Ft Home
  • Wood Burning Stove
  • Double Pane Windows
  • Wood Frame Window
  • Living Room
  • First Floor Utility Room
  • Wood Flooring
  • Crawl Space
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Upstairs
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Farming

  • Barn

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Well
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 05-04-34-151-049

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,863

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 02/01/2024
  • Section: 34
  • Second Address Number: 5940
  • Directions: From State Road and E Lake St in Harbor Springs drive N on State Road. 15.5 miles, turn right on Forest Ave., 475 ft to the end on your left.
  • Price per Sq Ft: 368.73
  • OFFICELIST_STATE: MI
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: AC Wall Unit, Dryer, Range, Refrigerator, Washer, Wood Floors, Wood Stove, Paved Road
  • Total Finished Sq Ft: 1017
  • Master Bedroom: Dimensions: 8'0X15'11.5, On Level: Upper
  • Bedroom 2: Dimensions: 8'0X15'11.5, On Level: Upper
  • Bedroom 3: On Level: N/A
  • Bedroom 4: On Level: N/A
  • Total Rooms: 6
  • Basement: Crawl
  • Dining Room: On Level: N/A
  • Kitchen: Dimensions: 13'5X18'3, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 15'8X15'10, On Level: Main
  • Above Grade Finished Sq Ft: 1017
  • Bathroom 1: Dimensions: 6'9X5'4, On Level: Main
  • Bathroom 2: On Level: N/A
  • Number Of Bedrooms: 2
  • Full Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Wood Sash, Double

Exterior Features

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

Utilities

  • Heat Type: Electric
  • Sewer: Septic
  • Water: Well
  • Water Heater: Electric

Schools

  • School District: Harbor Springs
  • School District: Harbor Springs

Lot Info

  • Estimated Number of Acres: 1
  • Zoning: Recreational Residential

Tax Info

  • Assessor Parcel Number: 05-04-34-151-049

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Mar 1, 2024
Sold by
Boyle Kevin and Bem Amy
Bought by
Pedersen Tyler Viggo and Pedersen Lauren G
Seller's Agent
Matt Hausler
Real Estate One
Buyer's Agent
Danielle Smith
Gaslight Group Properties
List Price
$375,000
Sold Price
$375,000
Views
79
Current Estimated Value
$344,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,133
Avg. Annual Appreciation
-5.33%
Original Mortgage
$337,500
Outstanding Balance
$332,538
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$12,329

Purchase Details

Listed on
Sep 14, 2017
Closed on
May 25, 2018
Sold by
Taylor John F
Bought by
Boyle Kevin and Bem Amy
Seller's Agent
Sally Teal
Berkshire Hathaway HomeServices Michigan Real Estate - HS
Buyer's Agent
Susan Schwaderer
Coldwell Banker Schmidt- Harbor Springs
List Price
$80,000
Sold Price
$65,000
Premium/Discount to List
-$15,000
-18.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.49%

Purchase Details

Closed on
Aug 25, 2000
Bought by
Taylor John F
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 Buyer Sale Price Title Company
Pedersen Tyler Viggo $375,000 Talon Title Agency
Boyle Kevin $65,000 --
Taylor John F $67,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pedersen Tyler Viggo $337,500
Previous Owner Bem Amy S $106,967
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 Sold $375,000 0.0% $369 / Sq Ft
02/01/2024 02/01/24 For Sale $375,000 +476.9% $369 / Sq Ft
05/25/2018 05/25/18 Sold $65,000 -18.8% $70 / Sq Ft
02/07/2018 02/07/18 Pending -- -- --
09/14/2017 09/14/17 For Sale $80,000 -- $86 / Sq Ft
Source: Northern Michigan 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 $1,863 $83,100 $0 $83,100
2024 $1,863 $55,900 $0 $55,900
2023 $1,719 $50,400 $0 $50,400
2022 $1,719 $43,700 $0 $43,700
2021 $1,361 $42,100 $0 $42,100
2020 $1,651 $42,000 $0 $42,000
2019 -- $41,200 $0 $41,200
2018 -- $35,100 $0 $35,100
2017 -- $33,300 $0 $33,300
2016 -- $29,000 $0 $29,000
2015 -- $29,100 $0 $0
2014 -- $26,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 473006

Northern Michigan MLS

APN: 05-04-34-151-049