NOT LISTED FOR SALE

7640 N Reynolds Rd Lake Ann, MI 49650

Estimated Value: $545,000 - $3,714,000

20 Beds
9.5 Baths
8,631 Sq Ft
$279/Sq Ft Est. Value

Last Sold March 11, 2022

Last sale price $2,450,000 $284 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $13,859/month

160 Days on Market

Highlights

  • Private Waterfront
  • Private Dock
  • Lake Privileges
  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Tiered Deck

About This Home

As of March 2022

The Sleeping Bear Resort is a one-of-a-kind “Up North Rustic Luxury Retreat”. It is perfectly situated 15-miles west of Lake Michigan and 15-miles east of Traverse City. It is located near the quiet and scenic village of Lake Ann. Nestled among towering pines, oaks, and maples this gem boasts 450-feet of private westerly facing frontage on pristine Herendeene Lake. This 36-acre no-wake lake is mostly undeveloped. Reaching depths of 37-feet, it is home to 7 different species of fish and connects to 12-acre Fuller Lake. The lake temperature usually stays between 75-80 degrees all summer long. This highly profitable resort is made up of 3 separate parcels (7680 The Lodge, 7640 The Bear’s Den, and 7670 6 Cabins). The Lodge is a 2288 sq. ft hand-hewn log home with 5 bedrooms-sleeping 10. It has 2 bathrooms, a fully equipped kitchen, and a recreational room for fun indoor play. Its custom-made cabinetry and furniture have been intricately carved by local artisans. The Bear’s Den is a 3136 sq ft cedar shake/knotty pine farmhouse with 6 bedrooms-sleeping for 12. It has 3 bathrooms, a fully equipped kitchen and a multi-purpose room that accommodates large groups for dining, meetings and perfect for corporate retreats. There are also 6 cabins (cabin 1, 4, 5 have two-bedrooms / cabin 2, 3, 6 have one-bedroom). All cabins have their gathering area with picnic table, BBQ grill, and private firepit. All cabins are heated for the colder nights as well as cooled by window air conditioners for client’s comfort. The clean and cozy cabins are fully furnished with all the kitchen amenities. They also have Roku smart TV’s. The cabins share a courtyard area with a children’s playset, shuffleboard court, basketball court, and swinging chairs and gliders. The grounds are magical… where it’s common place to see loons, eagles, deer, and other wildlife. Everything is in place for new owners, including a world class booking/management software system, cleaning crews, and maintenance.

Last Agent to Sell the Property

Erica Marshall

REO-TCFront-233021 License #6501398185 Listed on: 09/29/2021

REO-TCFront-233021

Co-Listed By

Laura Cobb

REO-TCFront-233021 License #6501429465

Last Buyer's Agent

Jules Yates

REMAX Bayshore - Union St TC License #6502357921

REMAX Bayshore - Union St TC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,887

Year Built

  • Built in 1950

Lot Details

  • 2.22 Acre Lot
  • Lot Dimensions are 430x300x430x218
  • Private Waterfront
  • 450 Feet of Waterfront
  • Sandy Beach
  • Level Lot
  • Sprinkler System
  • Wooded Lot
  • Garden
  • The community has rules related to zoning restrictions

Parking

  • Gravel Driveway

Home Design

  • Farmhouse Style Home
  • Cottage
  • Log Cabin
  • Poured Concrete
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Metal Roof
  • Wood Siding
  • Vinyl Siding
  • Log Siding

Interior Spaces

  • 8,631 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Great Room
  • Formal Dining Room
  • Game Room

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 20 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Basement

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

Outdoor Features

  • Deeded Waterfront Access Rights
  • No Wake Zone
  • Private Dock
  • Waterfront Park
  • Lake Privileges
  • Tiered Deck
  • Patio
  • Outdoor Grill
  • Porch

Location

  • Mineral Rights

Utilities

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

Community Details

Recreation

  • Trails

Additional Features

  • Sleeping Bear Resort Community
  • Common Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,887

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story, Quad, Log Home, Cottage, Bed & Breakfast, Farm House, Lodge, 1 Story
  • Estimated Year Built: 1950
  • Construction: Full Log, Frame
  • Private Shared: Private
  • Section Number: 15
  • Univs Design Barrier Free: Widened Doors, Ramped Entrance
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1950

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Microwave, Washer, Dryer, Window A/C Unit(s), Exhaust Fan, Blinds, Drapes, Curtain Rods, Ceiling Fan, Natural Gas Water Heater, Smoke Alarms(s)
  • Interior Amenities: Foyer Entrance, Walk-In Closet(s), Pantry, Breakfast Nook, Solid Surface Counters, Island Kitchen, Mud Room, Formal Dining Room, Great Room, Game Room, Beamed Ceilings, Drywall
  • Bedrooms: 20
  • Bedroom 1: Dimensions: 11x21, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 15x10.8, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 12.8x11.5, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 15.4x10.5, On Level: Upper Floor, Flooring: Carpet
  • Total Bathrooms: 9.5
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 9
  • Full Bathrooms: 8
  • Number of Three Quarter Bathrooms: 1
  • Half Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 15.8x14.7, On Level: Main Floor, Flooring: Wood
  • Family Room: Dimensions: 22x11, On Level: Main Floor, Flooring: Vinyl
  • Kitchen: Dimensions: 15.8x10, On Level: Main Floor, Flooring: Carpet
  • Living Room: Dimensions: 12x18, On Level: Main Floor, Flooring: Wood
  • Other Room: Dimensions: 22.3x22.4, On Level: Main Floor, Flooring: Vinyl
  • Estimated Above Ground Finished Sq Ft: 7873
  • Estimated Below Grade Finished Sq Ft: 625
  • Estimated Below Grade Unfinished Sq Ft: 133
  • Price Per Sq Ft: 283.86
  • Range: R 13W
  • Total Finished Sf Apx: 8631

Exterior Features

  • Body Of Water: Herendeene Lake
  • Exterior Features: Sprinkler System, Deck, Multi-Level Decking, Patio, Sidewalk, Garden Area, Built-in Grill, Porch
  • Exterior Finish: Vinyl, Wood, Full Log
  • Foundation: Walkout, Michigan Basement, Poured Concrete, Full Finished
  • Number Of Acres: 2.22
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt, Metal
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, Private Dock, Soft Bottom, Sandy Bottom, Gradual Slope to Water, No Wake, Sandy Shoreline
  • Waterfront Frontage: 450

Garage/Parking

  • Driveway: Gravel

Utilities

  • Heating Cooling Types: Forced Air, Central Air, Window Air Conditioner
  • Laundry: Dimensions: 4.8x5.11, On Level: Main Floor, Flooring: Vinyl
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet, WiFi
  • Water: Private Well

Association/Amenities

  • Development Amenities: Community Dock, Lake Privileges, Water Front Park, Common Area, Trails
  • Development Name: Sleeping Bear Resort

Schools

  • School District: Benzie County Central Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Wooded-Hardwoods, Wooded, Evergreens, Level, Sloping
  • Lot Dimensions: 430x300x430x218
  • Mineral Rights: To Pass With Title, Unknown
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Benzie County Central Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2021
Closed on
Mar 11, 2022
Sold by
Randor Properties Llc
Bought by
1914 Properties Llc
Seller's Agent
Erica Marshall
REO-TCFront-233021
Buyer's Agent
Jules Yates
REMAX Bayshore - Union St TC
List Price
$2,650,000
Sold Price
$2,450,000
Premium/Discount to List
-$200,000
-7.55%
Current Estimated Value
$2,412,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,745
Avg. Annual Appreciation
-4.38%
Original Mortgage
$2,325,000
Outstanding Balance
$2,153,714
Interest Rate
2.86%
Mortgage Type
Construction
Estimated Equity
-$58,305
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
1914 Properties Llc $2,450,000 Capital Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1914 Properties Llc $2,325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2022 03/11/22 Sold $2,450,000 -7.5% $284 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
09/29/2021 09/29/21 For Sale $2,650,000 -- $307 / 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 $8,887 $245,800 $0 $0
2024 $1,989 $229,500 $0 $0
2023 $1,903 $201,800 $0 $0
2022 -- $163,600 $0 $0
2021 -- $152,300 $0 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2011 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1893505

Northern Great Lakes REALTORS® MLS

APN: 01-015-007-00