NOT LISTED FOR SALE

7733 McDonald Rd Cheboygan, MI 49721

Estimated Value: $662,000 - $915,101

2 Beds
1.5 Baths
1,500 Sq Ft
$527/Sq Ft Est. Value

Last Sold April 12, 2016

Last sale price $336,000 $224 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $4,670/month

267 Days on Market

Highlights

  • Private Waterfront
  • Sandy Beach
  • Solarium
  • Deeded Waterfront Access Rights
  • Deck
  • Cottage

About This Home

As of April 2016

Very private Mullet lake cottage on the NorthWest end of the lake for great sunsets and close to Cheboygan. This cottage has been remodeled with attention to detail and awaits a new family to enjoy it year round. In addition to the main cottage there is a guest bunk room attached to the garage. The guest bunk area has its own bathroom and a laundry area for the entire property. The property is also close to trail systems and includes a dock for your water pursuits.

Last Agent to Sell the Property

Stephen Karas

EXIT Northern Shores Realty-ER License #6502368498 Listed on: 07/16/2015

Co-Listed By

Carol Karas

EXIT Northern Shores Realty-KA License #6501343033

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,722

Year Built

  • Built in 1950

Lot Details

  • 1.1 Acre Lot
  • Lot Dimensions are 100.8x474
  • Private Waterfront
  • 100 Feet of Waterfront
  • Sandy Beach
  • Level Lot
  • The community has rules related to zoning restrictions

Parking

  • 2 Car Detached Garage

Home Design

  • Cottage
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Solarium
  • Crawl Space

Kitchen

  • Cooktop
  • Recirculated Exhaust Fan

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deeded Waterfront Access Rights
  • Deck

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • Well

Community Details

Overview

  • Meets & Bounds Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,722

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Cottage, 1 Story
  • Estimated Year Built: 1950
  • Construction: Frame
  • Private Shared: Private
  • Section Number: 30
  • Year Updated: 2015
  • Year Renovated: 2015
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1950

Interior Features

  • Appliances Equipment: Refrigerator, Washer, Dryer, Wall Oven, Cook Top, Exhaust Fan
  • Interior Amenities: Foyer Entrance, Pantry, Solarium/Sun Room
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 15x9, On Level: Main Floor
  • Bedroom 2: Dimensions: 14x12, On Level: Main Floor
  • Total Bathrooms: 1.5
  • Primary Bathroom: Shared
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Dining Room: Dimensions: 22x12, On Level: Main Floor, Flooring: Laminate
  • Kitchen: Dimensions: 11x10, On Level: Main Floor, Flooring: Laminate
  • Living Room: Dimensions: 24x21, On Level: Main Floor, Flooring: Laminate
  • Estimated Above Ground Finished Sq Ft: 1500
  • Price Per Sq Ft: 224
  • Range: R 1W
  • Total Finished Sf Apx: 1500

Exterior Features

  • Body Of Water: Mullett Lake
  • Exterior Features: Deck
  • Exterior Finish: Aluminum
  • Foundation: Crawl Space
  • Number Of Acres: 1.1
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Sandy Bottom, Gradual Slope to Water
  • Waterfront Frontage: 100

Garage/Parking

  • Driveway: Blacktop
  • Garage Capacity: 2
  • Primary Garage: Detached, Finished Rooms

Utilities

  • Heating Cooling Types: Hot Water, Baseboard, Wall
  • Laundry: On Level: Main Floor
  • Sewer: Private Septic
  • Tv Service Internet Avail: Unknown
  • Water: Private Well

Association/Amenities

  • Development Name: meets & bounds

Schools

  • School District: Cheboygan Area Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Level
  • Lot Dimensions: 100.8x474
  • Mineral Rights: Unknown
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential

MLS Schools

  • School District: Cheboygan Area Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2015
Closed on
Apr 7, 2016
Sold by
Hughes Mark A
Bought by
Borowiak James K and Borowiak Patricia J
Seller's Agent
Stephen Karas
EXIT Northern Shores Realty-ER
List Price
$359,900
Sold Price
$336,000
Premium/Discount to List
-$23,900
-6.64%
Current Estimated Value
$790,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$454,775
Avg. Annual Appreciation
9.45%
Original Mortgage
$268,800
Outstanding Balance
$213,545
Interest Rate
3.68%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$577,230

Purchase Details

Listed on
May 11, 2014
Closed on
Sep 4, 2014
Sold by
William H William H and Wallace Janine
Bought by
Hughes Mark A and Hughes Katherine R
Seller's Agent
Jack Douglas
Berkshire Hathaway HomeServices-Cheboygan
Buyer's Agent
Stephen Karas
Exit Northern Shores Realty
Sold Price
$310,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.16%
Original Mortgage
$248,000
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage
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
Borowiak James K $336,000 None Available
Hughes Mark A $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Borowiak James K $268,800
Previous Owner Hughes Mark A $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2016 04/12/16 Sold $336,000 -6.6% $224 / Sq Ft
04/08/2016 04/08/16 Pending -- -- --
07/16/2015 07/16/15 For Sale $359,900 +16.1% $240 / Sq Ft
09/05/2014 09/05/14 Sold $310,000 -- $207 / Sq Ft
07/27/2014 07/27/14 Pending -- -- --
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 $5,722 $418,200 $0 $0
2024 $3,925 $404,400 $0 $0
2023 $3,760 $296,600 $0 $0
2022 $3,644 $257,646 $0 $0
2021 $5,184 $241,300 $241,300 $0
2020 $4,466 $208,100 $208,100 $0
2019 $4,408 $207,500 $207,500 $0
2018 $4,630 $217,600 $0 $0
2017 $4,460 $218,400 $0 $0
2016 $4,422 $218,200 $0 $0
2015 -- $217,400 $0 $0
2014 -- $222,600 $0 $0
2012 -- $216,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Stephen Karas

    Seller's Agent in 2016

    Stephen Karas

    EXIT Northern Shores Realty-ER

    (231) 342-4686

    120 Total Sales

    Stephen Karas
    Section Image
  • Carol Karas

    Seller Co-Listing Agent in 2016

    Carol Karas

    EXIT Northern Shores Realty-KA

    (231) 342-3794

    107 Total Sales

    Carol Karas
    Section Image
  • Jack Douglas

    Seller's Agent in 2014

    Jack Douglas

    Berkshire Hathaway HomeServices-Cheboygan

    (231) 290-2951

    64 Total Sales

    Jack Douglas
    Section Image
See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1803562

Northern Great Lakes REALTORS® MLS

APN: 104-030-200-025-00

Michigan Cheboygan County Cheboygan 49721

7733 McDonald Rd, Cheboygan, MI

This home is located at 7733 McDonald Rd, Cheboygan, MI 49721 since 16 July 2015 and is currently estimated at $790,775, approximately $527 per square foot. This property was built in 1950. 7733 McDonald Rd is a home located in Cheboygan County with nearby schools including Cheboygan Intermediate School, East Elementary School, and Cheboygan Area High School.

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.

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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