$325,000
SOLD MAR 23, 2015

8160 Cairn Hwy Elk Rapids, MI 49629

6 Beds
6 Baths
4,500 Sq Ft
1.54 Acres

Recently Sold

$72 Per Sq Ft

13% Below List Price

311 Days on Market

Highlights

  • Fruit Trees
  • Deck
  • Sun or Florida Room
  • Elk Rapids High School Rated A-
  • Traditional Architecture
  • Mud Room

About This Home

As of June 2024

Currently operating as the very successful Cairn House Bed and Breakfast, this 6 bedroom, 6 bath home is located in the very desirable Elk Rapids and is near Elk and Torch Lakes. Just moments away from many fine restaurants and in the midst of Michigan's Cherry Country, vineyards, wine tasting, Charlevoix, balloon rides, Traverse City and all it has to offer. The home sits on 1 acre of beautifully landscaped grounds and offers a bit of a water view from Elk Lake. The home is meticulously maintained and offers large guestrooms and many common areas to enjoy including a spectacular 4 season sun room where breakfast is served. An extremely spacious Owner's Quarters is located on the lower level and boasts over 1,000 sq.ft. of living space with private entrance. This is a wonderful business portunity in a peaceful Northern Michigan location or it could be returned to a single family home if desired.

Last Agent to Sell the Property

Gregg Smith

Coldwell Banker Woodland Schmidt Saugatuck License #6501364902 Listed on: 04/25/2014

Coldwell Banker Woodland Schmidt Saugatuck

Last Buyer's Agent

Agent Out Of Area

Out of Area Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,043

Year Built

  • Built in 1984

Lot Details

  • 1.54 Acre Lot
  • Lot Dimensions are 242 x 278
  • Shrub
  • Fruit Trees
  • Garden

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Gas Log Fireplace
  • Window Treatments
  • Mud Room
  • Living Room
  • Dining Area
  • Sun or Florida Room

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms
  • Bathroom on Main Level
  • 6 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • 1 Bedroom in Basement

Accessible Home Design

  • Accessible Bathroom
  • Accessible Entrance
  • Stepless Entry

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Well
  • Septic System
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,043

Year Built

Built in 1984

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1984
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 242 x 278
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 4500.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Design: Traditional
  • Tax Info:Annual Property Tax: 3043.0
  • Waterfront Options:Water Access YN: No
  • Roofing:Composition: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Landscape:ShrubsHedges: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Air Conditioning:Wall Unit(s): Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • General Property Info:Fireplace: No
  • Utilities Attached:Telephone Line: Yes
  • Heat Type:Hot Water: Yes
  • Additional Items:Window Treatments: Yes
  • Appliances Microwave: Yes
  • Additional Items:Home Warranty: Yes
  • Landscape:Garden Area: Yes
  • Landscape:Fruit Trees: Yes
  • Landscape:Flower Garden: Yes
  • Additional Items:Wet Bar: Yes
  • Accessibility Feat:No Step Entrance: Yes
  • General Property Info:SqFt Above Grade: 3500.0
  • General Property Info Garage YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer, Refrigerator, Range, Oven, Microwave, Freezer, Dryer, Dishwasher
  • Accessibility Features: Accessible M Flr Half Bath, Accessible Entrance
  • Interior Amenities: Garage Door Opener, Wet Bar, Eat-in Kitchen, Pantry
  • Fireplace Features: Gas Log
  • Fireplace: No
  • Total Bedrooms: 6
  • Main Level Bedrooms: 2
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full
  • LivingArea: 4500.0
  • Window Features: Window Treatments
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Basement Bedrooms: 1
  • Basement Rooms:Basement Full Baths: 1
  • Basement Rooms:Basement Finished SQFT: 1000.0
  • Basement Rooms:Total Basement SQFT: 1000.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Kitchen Features:Mud Room Access: Yes
  • Kitchen Features Pantry: Yes
  • Fireplace:Gas Log: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Accessibility Feat:Accessible M Flr Half Bath: Yes
  • Below Grade Sq Ft: 1000.0

Exterior Features

  • Construction Materials: Wood Siding
  • Exterior Features: Patio, Deck(s), 3 Season Room
  • Home Warranty: Yes
  • List Price: 374900.0
  • Waterfront: No
  • Driveway Paved: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Deck(s): Yes
  • Exterior Material:Wood Siding: Yes
  • Exterior Features 3 Season Room: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Hot Water
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Cable Connected, Broadband
  • Water Source: Well
  • Water Well: Yes

Lot Info

  • Lot Size Acres: 1.54
  • Lot Size Area: 1.54
  • Lot Dimensions: 242 x 278
  • Lot Size Sq Ft: 67082.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3043.0
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2023
Closed on
May 31, 2024
Sold by
Grasshopper Ventures Llc
Bought by
Peacock Michael
Seller's Agent
Dennis Irelan
Lakeside Properties Real Estate
Buyer's Agent
Molly Buttleman
@properties Christie's Int'l
List Price
$1,150,000
Sold Price
$850,000
Premium/Discount to List
-$300,000
-26.09%
Views
311
Current Estimated Value
$1,211,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,840
Avg. Annual Appreciation
30.23%
Original Mortgage
$637,500
Outstanding Balance
$629,753
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$574,879

Purchase Details

Closed on
Dec 23, 2021
Sold by
Drous Deborah A and Drous Mark L
Bought by
Grasshopper Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 24, 2014
Closed on
Mar 23, 2015
Sold by
Helen R Perez Revocable Trust
Bought by
Drous Deborah A and Blackmore Mark L
Seller's Agent
Mary Boyce
Coldwell Banker Schmidt-Elk Ra
Buyer's Agent
Dennis Irelan
Lakeside Properties Real Estate
List Price
$349,900
Sold Price
$325,000
Premium/Discount to List
-$24,900
-7.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.25%

Purchase Details

Closed on
Feb 8, 1999
Bought by
Perez Helen R
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 Type Sale Price Title Company
Deed $850,000 Chicago Title/Mi
Warranty Deed $875,000 None Listed On Document
Warranty Deed $325,000 None Available
Deed $256,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $637,500 New Conventional
Previous Owner $875,000 New Conventional
Closed $875,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2024 06/06/24 Sold $850,000 -4.5% $184 / Sq Ft
05/28/2024 05/28/24 Pending -- -- --
09/20/2023 09/20/23 Price Changed $890,000 -10.8% $193 / Sq Ft
08/17/2023 08/17/23 Price Changed $998,000 -13.2% $216 / Sq Ft
04/23/2023 04/23/23 For Sale $1,150,000 +253.8% $249 / Sq Ft
03/23/2015 03/23/15 Sold $325,000 0.0% $72 / Sq Ft
03/23/2015 03/23/15 Sold $325,000 -7.1% $81 / Sq Ft
03/08/2015 03/08/15 Pending -- -- --
03/02/2015 03/02/15 Pending -- -- --
07/24/2014 07/24/14 For Sale $349,900 -6.7% $87 / Sq Ft
04/25/2014 04/25/14 For Sale $374,900 -- $83 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

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 $10,223 $289,800 $0 $0
2024 $75 $283,700 $0 $0
2023 $7,156 $289,200 $0 $0
2022 $9,459 $199,400 $0 $0
2021 $7,384 $190,500 $0 $0
2020 $7,115 $197,300 $0 $0
2019 $7,207 $196,100 $0 $0
2018 $7,042 $178,200 $0 $0
2017 $6,912 $178,200 $0 $0
2016 $5,798 $168,800 $0 $0
2015 -- $166,400 $0 $0
2014 -- $149,800 $0 $0
2013 -- $120,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14020536

Southwestern Michigan Association of REALTORS®

APN: 05-06-015-018-10