NOT LISTED FOR SALE

7332 Cairn Hwy Elk Rapids, MI 49629

Estimated Value: $535,000 - $601,000

3 Beds
3 Baths
1,864 Sq Ft
$311/Sq Ft Est. Value

Last Sold August 11, 2023

Last sale price $498,000 $267 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,836/month

36 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 148 Feet of Waterfront
  • Deck
  • Elk Rapids High School Rated A-
  • Guest House
  • Ranch Style House

About This Home

As of August 2023

Charming home with 148' of shared access to desirable Elk Lake and a darling stand alone apartment with private entrance over the garage! Elk Rapids Township has user friendly rules on short term rentals. This cottage style home with knotty pine finishes, floor-to-ceiling lake facing windows and kitchen island offers fantastic water views from the open floor plan. The primary bedroom en-suite includes extended living area. Take advantage of the detached 1 BD, 1 BA apartment to use for extra guests or for rental opportunities. Detached garage space for extra storage use. The home has additional storage in the unfinished lower level along with a non-conforming bedroom. Make your dreams happen on Elk Lake! Welcome home.

Last Agent to Sell the Property

Toni Morrison

REO - Elk Rapids-101308 License #6501313770 Listed on: 06/28/2023

REO - Elk Rapids-101308

Last Buyer's Agent

John Wintzinger

Traverse Area Realty License #6502412746

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,373

Year Built

  • Built in 1927

Lot Details

  • 0.65 Acre Lot
  • Lot Dimensions are 100 x 285
  • 148 Feet of Waterfront
  • Landscaped
  • Corner Lot
  • Level Lot
  • The community has rules related to zoning restrictions

Home Design

  • Ranch Style House
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,864 Sq Ft Home
  • Blinds
  • Entrance Foyer
  • Great Room
  • Workshop
  • Water Views
  • Unfinished Basement
  • Michigan Basement

Kitchen

  • Oven or Range
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Deck

Additional Homes

  • Guest House

Utilities

  • Forced Air Heating and Cooling System
  • Well

Community Details

Overview

  • Metes And Bounds Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,373

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch
  • Estimated Year Built: 1927
  • Construction: Frame
  • Private Shared: Shared
  • Section Number: 10
  • Year Renovated: 1996
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1927

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Washer, Dryer, Blinds
  • Interior Amenities: Foyer Entrance, Island Kitchen, Great Room, Workshop
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 21x18, On Level: Main Floor
  • Bedroom 2: Dimensions: 9x9, On Level: Main Floor
  • Total Bathrooms: 3
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 3
  • Full Bathrooms: 2
  • Number of Three Quarter Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 10x8, On Level: Main Floor, Flooring: Wood
  • Kitchen: Dimensions: 17x11, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 13x13, On Level: Main Floor, Flooring: Wood
  • Estimated Above Ground Finished Sq Ft: 1864
  • Estimated Below Grade Finished Sq Ft: 72
  • Estimated Below Grade Unfinished Sq Ft: 440
  • Price Per Sq Ft: 267.17
  • Range: R 9W
  • Total Finished Sf Apx: 1864

Exterior Features

  • Additional Buildings: Guest House
  • Body Of Water: Elk Lake
  • Exterior Features: Deck, Landscaped
  • Exterior Finish: Vinyl
  • Foundation: Michigan Basement, Block, Unfinished
  • Number Of Acres: 0.65
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Inland Lake, All Sports, Water View, Public Lake
  • Waterfront Frontage: 148

Garage/Parking

  • Driveway: Blacktop, Concrete

Utilities

  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: On Level: Main Floor
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Internet
  • Water: Private Well

Association/Amenities

  • Development Name: Metes and Bounds

Schools

  • School District: Elk Rapids Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Corner Lot, Level
  • Lot Dimensions: 100 x 285
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Elk Rapids Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2023
Closed on
Jul 28, 2023
Sold by
Fike Donna J Trust
Bought by
Muth Ellen D and Muth Thomas A
Seller's Agent
Toni Morrison
REO - Elk Rapids-101308
Buyer's Agent
John Wintzinger
Traverse Area Realty
List Price
$435,000
Sold Price
$498,000
Premium/Discount to List
$63,000
14.48%
Views
72
Current Estimated Value
$576,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,125
Avg. Annual Appreciation
6.73%
Original Mortgage
$391,000
Outstanding Balance
$382,769
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$189,707

Purchase Details

Closed on
Sep 7, 2018
Sold by
Fike Donna
Bought by
Donna J Fike Ret

Purchase Details

Listed on
Jun 25, 2013
Closed on
Aug 29, 2013
Sold by
Garrow Robert L and Garrow Sherron L
Bought by
Fike Donna
Seller's Agent
James Garrow
Bayside Real Estate
Buyer's Agent
Toni Morrison
REO - Elk Rapids-101308
List Price
$189,900
Sold Price
$183,900
Premium/Discount to List
-$6,000
-3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.87%

Purchase Details

Closed on
Aug 4, 2004
Bought by
Garrow Robert L and Garrow Sherron L
Source: Public Records

Range of Values:

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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
Muth Ellen D $498,000 Riverside Title
Donna J Fike Ret -- --
Fike Donna $183,900 --
Garrow Robert L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Muth Ellen D $391,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2023 08/11/23 Sold $498,000 +14.5% $267 / Sq Ft
08/03/2023 08/03/23 Pending -- -- --
06/28/2023 06/28/23 For Sale $435,000 +136.5% $233 / Sq Ft
09/06/2013 09/06/13 Sold $183,900 -3.2% $99 / Sq Ft
09/05/2013 09/05/13 Pending -- -- --
06/25/2013 06/25/13 For Sale $189,900 -- $102 / 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 $9,373 $271,300 $0 $0
2024 $80 $234,600 $0 $0
2023 $3,269 $175,900 $0 $0
2022 $3,633 $118,300 $0 $0
2021 $3,496 $107,100 $0 $0
2020 $4,799 $112,500 $0 $0
2019 $4,887 $97,800 $0 $0
2018 $4,742 $94,700 $0 $0
2017 $3,273 $94,700 $0 $0
2016 $2,745 $89,600 $0 $0
2015 -- $88,200 $0 $0
2014 -- $79,400 $0 $0
2013 -- $68,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1912730

Northern Great Lakes REALTORS® MLS

APN: 05-06-600-042-40