NOT LISTED FOR SALE

7409 Terrace Ave Elk Rapids, MI 49629

Estimated Value: $584,000 - $1,369,000

3 Beds
2 Baths
1,680 Sq Ft
$530/Sq Ft Est. Value

Sale Details

Date Sold: April 6, 2018

Last sale price $480,000 $286 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $5,285 / mo

65 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Elk Rapids High School Rated 9+
  • Private Dock
  • Reverse Osmosis System

About This Home

As of April 2018

3BR/2BA Elk Lake home on sandy beach close to Elk Rapids. Current owner has done many improvements and updates to original 2003 built home. Home features second story loft, hardwood floors, A/C, and finished walk-out basement. Cathedral ceiling living room with lots of glass, gives beautiful view of the lake. Exterior large deck off living room with patio below. Landscaped yard and sprinkler system. Dock to be included. New sewers to be installed in Maple Harbor in Spring of 2018. Sewers and new road scheduled for completion by June 2018.

Last Agent to Sell the Property

Richard Davis

EXIT Northern Shores Realty-ER License #6501284707 Listed on: 01/15/2018

Last Buyer's Agent

Anne Perry

Up North Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,761

Year Built

  • Built in 2003

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 43x147x40x161
  • Private Waterfront
  • 43 Feet of Waterfront
  • Sandy Beach
  • Landscaped
  • Sloped Lot
  • The community has rules related to zoning restrictions

Parking

  • Private Driveway

Home Design

  • Chalet
  • Block Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,680 Sq Ft Home
  • 1.5-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Loft
  • Water Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal
  • Reverse Osmosis System

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Basement

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

Outdoor Features

  • Deeded Waterfront Access Rights
  • Private Dock
  • Tiered Deck
  • Patio

Schools

  • Lakeland Elementary School
  • Cherryland Middle School
  • Elk Rapids High School

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Water Filtration System
  • Well
  • Electric Water Heater
  • Water Softener is Owned
  • Septic Tank
  • Cable TV Available

Community Details

Overview

  • Maple Harbor Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,761

Year Built

Built in 2003

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 1.5 Story, Chalet
  • Estimated Year Built: 2003
  • Construction: Frame
  • Private Shared: Private
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 2003

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Water Softener Owned, Washer, Dryer, Water Filtration System, Blinds, Drapes, Curtain Rods, Ceiling Fan, Reverse Osmosis, Electric Water Heater, Smoke Alarms(s)
  • Interior Amenities: Cathedral Ceilings, Walk-In Closet(s), Pantry, Loft, Drywall
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 14.07x13.10, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 9.09x9.07, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 9.09x13.08, On Level: Lower Floor, Flooring: Laminate
  • Total Bathrooms: 2
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Number of Three Quarter Bathrooms: 1
  • Dining Room: Dimensions: Combox19.2, On Level: Main Floor, Flooring: Wood
  • Family Room: Dimensions: 19.1x11.09, On Level: Lower Floor, Flooring: Laminate
  • Kitchen: Dimensions: 9x9.1, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 17.04xCombo, On Level: Main Floor, Flooring: Wood
  • Range: R 9W
  • Total Finished Sf Apx: 1680

Exterior Features

  • Body Of Water: Elk Lake
  • Exterior Features: Deck, Multi-Level Decking, Patio, Sidewalk, Landscaped
  • Exterior Finish: Wood
  • Foundation: Full, Walkout, Block, Finished Rooms, Entrance Inside
  • Number Of Acres: 0.14
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Private Dock, Sandy Bottom, Gradual Slope to Water
  • Waterfront Frontage: 43

Garage/Parking

  • Driveway: Blacktop, Private

Utilities

  • Heating Cooling Types: Forced Air, Central Air, Humidifier
  • Laundry: Dimensions: 5.0x6.0, On Level: Lower Floor, Flooring: Concrete
  • Sewer: Holding Tank/Pump & Haul
  • Tv Service Internet Avail: Cable TV, WiFi
  • Water: Private Well

Association/Amenities

  • Development Name: Maple Harbor

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Sloping
  • Lot Dimensions: 43x147x40x161
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

Tax Info

  • Summer Taxes: 2352
  • Total Taxes: 2761
  • Winter Taxes: 409
  • Year Winter: 2016

MLS Schools

  • Elementary School: Lakeland Elementary School
  • HighSchool: Elk Rapids High School
  • School District: Elk Rapids Schools
  • Middle School: Cherryland Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2018
Closed on
Mar 29, 2018
Sold by
Lomasney David J and Lomasney Margaret C
Bought by
Schaeffer Chad M and Schaeffer Stacia
Seller's Agent
Richard Davis
EXIT Northern Shores Realty-ER
Buyer's Agent
Anne Perry
Up North Properties
List Price
$494,900
Sold Price
$480,000
Premium/Discount to List
-$14,900
-3.01%
Current Estimated Value
$890,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$410,052
Avg. Annual Appreciation
7.98%

Purchase Details

Closed on
Aug 31, 2006
Bought by
Lomasney David J and Lomasney Margaret C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Schaeffer Chad M $480,000 --
Lomasney David J $430,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2018 04/06/18 Sold $480,000 -3.0% $286 / Sq Ft
03/21/2018 03/21/18 Pending -- -- --
01/15/2018 01/15/18 For Sale $494,900 -- $295 / Sq Ft
Source: Northern Great Lakes REALTORS® 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 $7,170 $351,700 $0 $0
2024 $69 $334,200 $0 $0
2023 $6,638 $281,300 $0 $0
2022 $7,376 $202,000 $0 $0
2021 $7,098 $192,800 $0 $0
2020 $6,840 $183,100 $0 $0
2019 $6,928 $173,300 $0 $0
2018 $2,857 $159,700 $0 $0
2017 $2,804 $157,700 $0 $0
2016 $2,352 $148,200 $0 $0
2015 -- $141,100 $0 $0
2014 -- $147,700 $0 $0
2013 -- $143,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1841927

Northern Great Lakes REALTORS® MLS

APN: 05-06-475-005-00

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