NOT LISTED FOR SALE

734 E Cayuga St Bellaire, MI 49615

Estimated Value: $569,000 - $635,366

6 Beds
5 Baths
3,600 Sq Ft
$171/Sq Ft Est. Value

Last Sold October 12, 2023

Last sale price $490,000 $136 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,244/month

80 Days on Market

Highlights

  • Home fronts a creek
  • Forced Air Heating and Cooling System
  • Landscaped
  • Countryside Views

About This Home

As of October 2023

If you are looking for a recently remodeled & upscale investment property – welcome to The Gray House. 4 individual apartments, all recently redone & updated, making each unit its own charming, cozy nest. Sitting on 1.4 acres of prime Bellaire real estate, there is room for additional buildings or a myriad of other uses. Unit 4, is a 3 bedroom/2 bath 1600 sq ft, beautifully appointed & furnished unit, on 2 levels, which can serve as either a rental or your own home. A pristine creek runs through the back of the property for added Up North feel. The Gray House is within easy walking distance to downtown Bellaire, with all the quaint and charming eateries, shops & watering holes. Currently all units are on a 1-year lease, with annual income in excess of $50,000. Once these leases are up (staggered throughout the year), this would make a fantastic Short Term Rental property allowing you to greatly expand your rental opportunity. Showings can be scheduled on Tuesdays, Thursdays & Saturdays from 1-5, to accommodate the tenants currently residing there. Apartment details are in the Associated Docs. Excellent opportunity in Bellaire that does not become available often!

Last Agent to Sell the Property

Janet Piscopo

Coldwell Banker Schmidt-Bellai License #6506041607 Listed on: 07/17/2023

Coldwell Banker Schmidt-Bellai

Last Buyer's Agent

Julia Pietrowicz

Keller Williams Northern Michigan License #6502372398

Keller Williams Northern Michigan

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 1.4 Acre Lot
  • Lot Dimensions are 204 x 292
  • Home fronts a creek
  • Landscaped
  • The community has rules related to zoning restrictions

Parking

  • Paved Parking

Home Design

  • Slab Foundation
  • Poured Concrete
  • Asphalt Roof
  • Steel Siding
  • Vinyl Siding

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property
  • Countryside Views
  • Oven or Range

Utilities

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

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: 4 - Plex
  • Style: 2 Story, Quad
  • Estimated Year Built: 1990
  • Construction: Steel
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1990

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Natural Gas Water Heater
  • Range: R 7W
  • Total Finished Sf Apx: 3600

Exterior Features

  • Exterior Features: Countryside View, Landscaped
  • Exterior Finish: Vinyl Siding, Steel
  • Foundation: Poured Concrete, Slab
  • Number Of Acres: 1.4
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Creek

Garage/Parking

  • Primary Garage: One Car, Paved Driveway, Concrete Floors

Utilities

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

Lot Info

  • Lot Dimensions: 204 x 292
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

Multi Family

  • Total Number Units: 4

MLS Schools

  • School District: Bellaire Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2023
Closed on
Oct 12, 2023
Sold by
Nichols David C and Nichols Kristine L
Bought by
Blue Dog Properties Llc
Seller's Agent
Janet Piscopo
Coldwell Banker Schmidt-Bellai
Buyer's Agent
Julia Pietrowicz
Keller Williams Northern Michigan
List Price
$559,000
Sold Price
$490,000
Premium/Discount to List
-$69,000
-12.34%
Views
61
Current Estimated Value
$614,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,592
Avg. Annual Appreciation
10.74%
Original Mortgage
$367,500
Outstanding Balance
$360,904
Interest Rate
7.6%
Mortgage Type
New Conventional
Estimated Equity
$253,688

Purchase Details

Closed on
Jan 28, 2022
Sold by
Kristine Schrock
Bought by
Nichols David Charles and Nichols Kristine Lee

Purchase Details

Closed on
Sep 27, 2018
Sold by
White Judy M and White Quinton D
Bought by
Schrock Kristine and Nichols David
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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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
Blue Dog Properties Llc $490,000 Corporate Settlement Solutions
Nichols David Charles -- None Listed On Document
Schrock Kristine $172,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blue Dog Properties Llc $367,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2023 10/12/23 Sold $490,000 -12.3% $136 / Sq Ft
10/05/2023 10/05/23 Pending -- -- --
07/17/2023 07/17/23 For Sale $559,000 -- $155 / 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 $12,289 $343,700 $0 $0
2024 $119 $242,300 $0 $0
2023 $6,655 $179,100 $0 $0
2022 $7,393 $151,700 $0 $0
2021 $5,147 $140,500 $0 $0
2020 $2,678 $121,500 $0 $0
2019 $4,329 $75,200 $0 $0
2018 $2,810 $78,200 $0 $0
2017 $2,753 $77,000 $0 $0
2016 $2,431 $73,700 $0 $0
2015 -- $75,500 $0 $0
2014 -- $79,100 $0 $0
2013 -- $61,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Janet Piscopo

    Seller's Agent in 2023

    Janet Piscopo

    Coldwell Banker Schmidt-Bellai

    (231) 384-0059

    175 Total Sales

    Janet Piscopo
    Section Image
  • Julia Pietrowicz

    Buyer's Agent in 2023

    Julia Pietrowicz

    Keller Williams Northern Michigan

    (231) 360-0739

    330 Total Sales

    Julia Pietrowicz
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1913443

Northern Great Lakes REALTORS® MLS

APN: 05-41-030-002-01

Michigan Antrim County Bellaire 49615

734 E Cayuga St, Bellaire, MI

Not Listed for Sale

MultiFamily

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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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