7434 Terrace Ave Elk Rapids, MI 49629
Estimated payment $2,383/month
Highlights
- Water Views
- RV or Boat Parking
- Vaulted Ceiling
- Elk Rapids High School Rated A-
- Deck
- Main Floor Primary Bedroom
About This Home
PUBLIC ACCESS ONLY 110' FROM BACKYARD at what is arguably the prettiest end of the lake with nearby coves, sandbars and launches. A great spot to throw a ball for the dogs, launch a kayak or paddleboard or just to hang out and enjoy. Spend your days on the 641 sq ft deck with new railing, (suitable for a hot tub with necessary wiring available from previous hot tub), while enjoying views of Elk Lake and lovely, low maintenance landscaping. Nights are beautiful on the deck too with excellent moon and sky viewing. Plenty of room for fun and frolicking in the large backyard. Concrete Pad for boat or RV parking. 26' Trailer currently on concrete pad has served as Seller's "garage" and is available for purchase with sale if desired. Pelican water whole house filtration system - only 6 years old. Two paved driveways, one off Cairn Hwy and one off of Terrace Ave. Less than 5 minutes from Maplehurst Land Conservancy Park and a great area for biking enthusiasts. Only 5 minutes to downtown Elk Rapids, 30 minutes to Traverse City. Homeowner has updated and freshened up every bit of the home with meticulous attention to details. New Anderson Windows - 2023. Upstairs secondary area offers a lovely work from home office space (flex space). An all around terrific home for any scenario! Short term rentals are permitted. Come see for yourself!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,486
Year Built
- Built in 1920
Lot Details
- 0.32 Acre Lot
- Lot Dimensions are 104 x 134
- Fenced Yard
- Landscaped
- Level Lot
- The community has rules related to zoning restrictions
Home Design
- Block Foundation
- Frame Construction
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 1,698 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Electric Fireplace
- Gas Fireplace
- Drapes & Rods
- Blinds
- Bay Window
- Workshop
- Water Views
- Basement Fills Entire Space Under The House
Kitchen
- Breakfast Area or Nook
- Oven or Range
- Stove
- Recirculated Exhaust Fan
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- 1 Bathroom
Laundry
- Dryer
- Washer
Parking
- Private Driveway
- Paved Parking
- RV or Boat Parking
Outdoor Features
- Deck
- Shed
- Rain Gutters
Location
- Mineral Rights
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Water Filtration System
- Well
- Natural Gas Water Heater
- Satellite Dish
- Cable TV Available
- TV Antenna
Community Details
- Maple Harbor Community
Map
Home Values in the Area
Average Home Value in this Area
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 | $11 | $164,600 | $0 | $0 |
| 2024 | $11 | $142,100 | $0 | $0 |
| 2023 | $1,036 | $112,700 | $0 | $0 |
| 2022 | $2,680 | $71,100 | $0 | $0 |
| 2021 | $2,668 | $61,700 | $0 | $0 |
| 2020 | $2,641 | $63,100 | $0 | $0 |
| 2019 | $2,735 | $66,600 | $0 | $0 |
| 2018 | $2,640 | $57,700 | $0 | $0 |
| 2017 | $1,211 | $57,700 | $0 | $0 |
| 2016 | $863 | $54,800 | $0 | $0 |
| 2015 | -- | $53,700 | $0 | $0 |
| 2014 | -- | $49,900 | $0 | $0 |
| 2013 | -- | $43,200 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | Price Changed | $424,000 | -2.8% | $250 / Sq Ft |
| 07/15/2025 07/15/25 | Price Changed | $436,000 | -2.7% | $257 / Sq Ft |
| 06/17/2025 06/17/25 | Price Changed | $448,000 | -4.7% | $264 / Sq Ft |
| 04/15/2025 04/15/25 | For Sale | $469,900 | +238.3% | $277 / Sq Ft |
| 08/19/2015 08/19/15 | Sold | $138,900 | -7.3% | $82 / Sq Ft |
| 08/05/2015 08/05/15 | Pending | -- | -- | -- |
| 05/22/2015 05/22/15 | For Sale | $149,900 | -- | $88 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $138,900 | None Available | |
| Deed | $134,000 | -- |
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1932474
APN: 05-06-475-036-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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