NOT LISTED FOR SALE

8125 S Rustic Dr Cedar, MI 49621

Estimated Value: $471,000 - $662,000

4 Beds
2 Baths
1,240 Sq Ft
$449/Sq Ft Est. Value

Last Sold August 07, 2017

Last sale price $185,000 $149 Per Sq Ft

Est. 211% increase in value since last sale

Current estimated payment $3,760/month

3 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Cathedral Ceiling
  • 31 Feet of Waterfront
  • Lake Privileges
  • Pole Barn

About This Home

As of August 2017

Exceptional opportunity located on SW Lake Leelanau. Charming log duplex cabin in an association-managed family resort – completely furnished and ready to use as your vacation getaway and/or income property. Each of the units in this duplex come with a cozy knotty pine interior; two bedrooms; sleeper sofa; HD TV; picnic table; patio chairs; gas BBQ; and air conditioning. Aluminum row boat as well as dedicated storage space in the Assn pole barn also included. Resort common areas include a 150 ft dock; fish cleaning house; air compressor (for filling up the floaties); play scape and sandbox for the kids. Resort has been in existence for over 50 years and takes pride in their long list of repeat renters. This is in a prime location – close to Traverse City, Fishtown (Leland), Suttons Bay, Sleeping Bear Sand Dunes, Wineries and so much more. You won’t be disappointed – from the glorious sunrises and glowing moonrises to the clean and clear water with a hard sandy bottom and no steep drop-offs. This area of the lake is enjoyed by water-enthusiasts of all ages, including fishermen in search of Bass, Walleye, Perch and more. A hidden gem in Michigan’s little finger! Want to get a glimpse of what it’s like to vacation here? Copy this link into your web browser to view additional pictures and videos. www.wheretherestbegins.com/srusticdrive8125.html

Last Agent to Sell the Property

Linda Schaub

REO-TCRandolph-233022 License #6501290614 Listed on: 07/18/2017

REO-TCRandolph-233022

Last Buyer's Agent

Steve Scheppe

Viewpoint Realty License #6502432934

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,968

Year Built

  • Built in 1949

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 67x48x29x45x68
  • 31 Feet of Waterfront
  • Sandy Beach
  • Landscaped
  • Level Lot
  • The community has rules related to zoning restrictions

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Cottage
  • Slab Foundation
  • Asphalt Roof
  • Log Siding

Interior Spaces

  • 1,240 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Water Views

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • Shared Driveway
  • Assigned Parking

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Lake Privileges
  • Patio
  • Pole Barn

Utilities

  • Forced Air Heating and Cooling System
  • Ductless Heating Or Cooling System
  • Shared Well
  • Shared Septic
  • Cable TV Available

Community Details

Overview

  • Association fees include lawn care, liability insurance, sewer, snow removal, trash removal, water
  • Leelanau Rustic Resort Community

Amenities

  • Common Area

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,968

Year Built

Built in 1949

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Cottage, Duplex, 1 Story
  • Estimated Year Built: 1949
  • Construction: Timber Frame
  • Private Shared: Shared
  • Section Number: 3
  • Year Renovated: 2011
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1949

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Microwave
  • Interior Amenities: Cathedral Ceilings
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 10.05x10.00, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 10.01x10.02, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 10.05x10.00, On Level: Main Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 10.01x10.02, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 2
  • Number of Main Level Bathrooms: 2
  • Number of Three Quarter Bathrooms: 2
  • Dining Room: Dimensions: 11.04xCombo, On Level: Main Floor, Flooring: Tile
  • Kitchen: Dimensions: Combox08.09, On Level: Main Floor, Flooring: Tile
  • Living Room: Dimensions: 17.05x11.01, On Level: Main Floor, Flooring: Carpet
  • Estimated Above Ground Finished Sq Ft: 1240
  • Price Per Sq Ft: 149.19
  • Range: R 12W
  • Total Finished Sf Apx: 1240

Exterior Features

  • Additional Buildings: Pole Building(s)
  • Body Of Water: Lake Leelanau
  • Exterior Features: Patio, Landscaped
  • Exterior Finish: Full Log
  • Foundation: Slab
  • Number Of Acres: 0.1
  • Road: Association, Blacktop, Privately Maintained
  • Roof: Asphalt
  • Water Features: All Sports, Water View, Sandy Bottom, Public Lake
  • Waterfront Frontage: 31

Garage/Parking

  • Driveway: Blacktop, Shared
  • Primary Garage: Assigned Parking Space

Utilities

  • Heating Cooling Types: Forced Air, Ductless A/C
  • Sewer: Shared Septic
  • Tv Service Internet Avail: Cable TV
  • Water: Shared Well

Condo/Co-op/Association

  • HOA Fee Includes: Lawn Care, Liability Insurance, Sewer, Snow Removal, Trash Removal, Water
  • Annual Association Fees: 3000

Association/Amenities

  • Development Amenities: Community Dock, Lake Privileges, Common Area
  • Development Name: Leelanau Rustic Resort

Schools

  • School District: Glen Lake Community Schools

Lot Info

  • Lot Number: 10
  • Deeded Waterfront: Yes
  • Land Features: Level
  • Lot Dimensions: 67x48x29x45x68
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential, Building-Use Restrictions

MLS Schools

  • School District: Glen Lake Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2017
Closed on
Aug 2, 2017
Sold by
Lawicki William M
Bought by
Fessenden Sam and Fessenden Paige Y
Seller's Agent
Linda Schaub
REO-TCRandolph-233022
Buyer's Agent
Steve Scheppe
Viewpoint Realty
List Price
$199,999
Sold Price
$185,000
Premium/Discount to List
-$14,999
-7.5%
Current Estimated Value
$575,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390,707
Avg. Annual Appreciation
15.34%
Source: Public Records

Range of Values:

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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
Fessenden Sam $185,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2017 08/07/17 Sold $185,000 -7.5% $149 / Sq Ft
07/21/2017 07/21/17 Pending -- -- --
07/18/2017 07/18/17 For Sale $199,999 -- $161 / 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 $3,968 $210,600 $0 $0
2024 $2,997 $174,100 $0 $0
2023 $1,096 $142,100 $0 $0
2022 $3,649 $114,900 $0 $0
2021 $3,542 $112,100 $0 $0
2020 $3,554 $111,800 $0 $0
2019 $3,416 $103,500 $0 $0
2018 -- $101,000 $0 $0
2017 -- $101,700 $0 $0
2016 -- $62,200 $0 $0
2015 -- $65,800 $0 $0
2014 -- $72,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1835720

Northern Great Lakes REALTORS® MLS

APN: 010-800-010-00