NOT LISTED FOR SALE

7377 Terrace Ave Elk Rapids, MI 49629

Estimated Value: $470,000 - $904,000

3 Beds
2 Baths
1,880 Sq Ft
$385/Sq Ft Est. Value

Last Sold January 26, 2018

Last sale price $350,000 $186 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $4,943/month

427 Days on Market

Highlights

  • Boathouse
  • Private Waterfront
  • Sandy Beach
  • Elk Rapids High School Rated A-
  • Deeded Waterfront Access Rights
  • Deck

About This Home

As of January 2018

ELK LAKE HOME beautifully situated on 100 feet of hard sand frontage. Call today for a private tour of this great home featuring 3 bedrooms, 2 baths; build a fire in the brick fireplace in the living room; the walkout lower level is enhanced by a second kitchen; enjoy evenings on the glassed in porch; watch the sunrise from the spacious deck. An added plus is the boat house at water's edge currently used as a bunk house. There is a 2-car detached garage. Waterfront living at it's finest with this affordable Elk Lake home with great swimming, watersports and boating right outside your door. Jump on your boat and start exploring the entire Chain-of-Lakes~including Elk Lake, Elk River, Torch Lake, Torch River, Lake Skegemog. Call today to set up an appointment.

Last Agent to Sell the Property

Donald Fedrigon

RE/MAX Of Elk Rapids License #6502117560 Listed on: 10/31/2016

RE/MAX Of Elk Rapids

Last Buyer's Agent

MEMBER NON

NON MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,191

Year Built

  • Built in 1930

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 100 x 82 x 100 x 79
  • Private Waterfront
  • 100 Feet of Waterfront
  • Sandy Beach
  • Sloped Lot
  • The community has rules related to zoning restrictions

Parking

  • 2 Car Detached Garage

Home Design

  • Cottage
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,880 Sq Ft Home
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Drapes & Rods
  • Entrance Foyer
  • Den
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

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

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Cable TV Available

Community Details

Overview

  • Maple Harbor Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,191

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Cottage
  • Estimated Year Built: 1930
  • Construction: Frame
  • Private Shared: Private
  • Section Number: 10
  • Year Renovated: 1970
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1930

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Drapes
  • Interior Amenities: Foyer Entrance, Den/Study
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 11x9, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 10x10, On Level: Lower Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 9x9, On Level: Upper Floor, Flooring: Carpet
  • Total Bathrooms: 2
  • Number of Lower Level Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Number of Three Quarter Bathrooms: 2
  • Family Room: Dimensions: 8x21, On Level: Main Floor, Flooring: Carpet
  • Kitchen: Dimensions: 12x11, On Level: Main Floor, Flooring: Vinyl
  • Living Room: Dimensions: 21x11, On Level: Main Floor, Flooring: Carpet
  • Other Room: Dimensions: 11x20, On Level: Lower Floor, Flooring: Carpet
  • Estimated Above Ground Finished Sq Ft: 940
  • Estimated Below Grade Finished Sq Ft: 940
  • Estimated Below Grade Unfinished Sq Ft: 105
  • Price Per Sq Ft: 186.17
  • Range: R 9W
  • Total Finished Sf Apx: 1880

Exterior Features

  • Additional Buildings: Boat House
  • Body Of Water: Elk Lake
  • Exterior Features: Deck, Porch
  • Exterior Finish: Wood
  • Foundation: Walkout, Full Finished
  • Number Of Acres: 0.19
  • Road: Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Sandy Bottom, Public Lake
  • Waterfront Frontage: 100

Garage/Parking

  • Driveway: Concrete
  • Garage Capacity: 2
  • Primary Garage: Detached

Utilities

  • Fireplaces And Stoves: Fireplace(s), Masonry, Wood
  • Heating Cooling Types: Forced Air
  • Laundry: Dimensions: 10x7, On Level: Lower Floor, Flooring: Vinyl
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV
  • Water: Private Well

Association/Amenities

  • Development Name: Maple Harbor

Schools

  • School District: Elk Rapids Schools

Lot Info

  • Lot Number: 3 & 4
  • Percent Open: 100
  • Deeded Waterfront: Yes
  • Land Features: Sloping
  • Lot Dimensions: 100 X 82 X 100 X 79
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

Tax Info

  • Summer Taxes: 1586.87
  • Taxable Value: 100783
  • Total Taxes: 2190.81
  • Winter Taxes: 603.31
  • Year Summer: 2016
  • Year Winter: 2015

MLS Schools

  • School District: Elk Rapids Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2016
Closed on
Jan 24, 2018
Sold by
Potter Harry M
Bought by
Keck Samantha
Seller's Agent
Donald Fedrigon
RE/MAX Of Elk Rapids
Buyer's Agent
MEMBER NON
NON MEMBER
List Price
$409,000
Sold Price
$350,000
Premium/Discount to List
-$59,000
-14.43%
Current Estimated Value
$780,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$430,893
Avg. Annual Appreciation
9.45%

Purchase Details

Closed on
Dec 13, 2001
Bought by
Potter Harry M and Potter Eleanor 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
Keck Samantha $350,000 --
Keck Samantha R $350,000 --
Potter Harry M -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2018 01/26/18 Sold $350,000 -14.4% $186 / Sq Ft
01/01/2018 01/01/18 Pending -- -- --
10/31/2016 10/31/16 For Sale $409,000 -- $218 / 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 $9,631 $348,300 $0 $0
2024 $71 $292,000 $0 $0
2023 $6,826 $267,900 $0 $0
2022 $8,926 $209,200 $0 $0
2021 $8,684 $191,200 $0 $0
2020 $8,463 $186,400 $0 $0
2019 $8,599 $178,200 $0 $0
2018 $3,673 $168,400 $0 $0
2017 $2,227 $167,600 $0 $0
2016 $1,587 $163,400 $0 $0
2015 -- $160,300 $0 $0
2014 -- $162,700 $0 $0
2013 -- $160,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1824950

Northern Great Lakes REALTORS® MLS

APN: 05-06-475-002-00