NOT LISTED FOR SALE

8362 N Bayshore Dr Elk Rapids, MI 49629

Estimated Value: $1,277,000 - $2,033,000

3 Beds
2.5 Baths
2,711 Sq Ft
$607/Sq Ft Est. Value

Last Sold January 14, 2022

Last sale price $1,300,000 $480 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $11,161/month

118 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • Bay View
  • Elk Rapids High School Rated A-
  • Sandy Beach
  • Deck

About This Home

As of January 2022

LOCATION, LOCATION, LOCATION! ELK RAPIDS- N. BAYSHORE DRIVE 165' SANDY PRIVATE GT BAY FRONTAGE w/new stone break wall and beautiful PURE sand beach! Impeccably maintained one-owner home features 3 BR, 2.5 BA open floorplan w/vaulted ceilings, sunset facing 2-story wall of windows with spectacular view! Finished lower-level walkout w/studio or 4th BR, and workshop. Wraparound multi-level deck for entertaining and easy beach walk to the quaint waterside Village of Elk Rapids.

Last Agent to Sell the Property

Kathy Wittbrodt

WITTBRODT WATERSIDE PROPERTIES License #6502126294 Listed on: 09/16/2021

Last Buyer's Agent

Bob Rieck

Coldwell Banker Schmidt Traver License #6501335328

Coldwell Banker Schmidt Traver

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,530

Year Built

  • Built in 1993

Lot Details

  • 0.69 Acre Lot
  • Lot Dimensions are 169x245x128x150
  • Private Waterfront
  • 165 Feet of Waterfront
  • Sandy Beach
  • Cleared Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Parking

  • 3 Car Attached Garage

Home Design

  • Ranch Style House
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,711 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Bay Views
  • Crawl Space
  • Home Security System

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Deck
  • Shed

Location

  • Property is near a Great Lake

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Water Softener is Owned
  • Cable TV Available

Community Details

  • Metes And Bounds Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,530

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, 1 Story
  • Estimated Year Built: 1993
  • Construction: Frame
  • Private Shared: Private
  • Section Number: 16
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1993

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Water Softener Owned, Washer, Dryer, Security System, Freezer, Exhaust Fan, Ceiling Fan, Smoke Alarms(s)
  • Interior Amenities: Walk-In Closet(s), Pantry, Island Kitchen, Vaulted Ceilings
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 13.10x13
  • Bedroom 2: Dimensions: 11x10
  • Bedroom 3: Dimensions: 11x10
  • Bedroom 4: Dimensions: 17x15
  • Total Bathrooms: 2.5
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 3
  • Number of Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: On Level: Main Floor
  • Family Room: Dimensions: 23.2x15.6
  • Kitchen: Dimensions: 18.2x15.2
  • Living Room: Dimensions: 31xCombo, On Level: Main Floor
  • Estimated Above Ground Finished Sq Ft: 2711
  • Estimated Below Grade Finished Sq Ft: 255
  • Estimated Below Grade Unfinished Sq Ft: 264
  • Price Per Sq Ft: 479.53
  • Range: R 9W
  • Total Finished Sf Apx: 2711

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Body Of Water: Grand Traverse Bay
  • Exterior Features: Bay View, Deck
  • Exterior Finish: Vinyl
  • Foundation: Crawl Space
  • Number Of Acres: 0.69
  • Road: Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Water View, Sandy Bottom, Great Lake, Public Lake
  • Waterfront Frontage: 165

Garage/Parking

  • Driveway: Blacktop
  • Garage Capacity: 3
  • Primary Garage: Attached

Utilities

  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: On Level: Main Floor
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV, WiFi
  • Water: Private Well

Association/Amenities

  • Development Name: Metes and Bounds

Schools

  • School District: Elk Rapids Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Wooded-Hardwoods, Cleared
  • Lot Dimensions: 169x245x128x150
  • Mineral Rights: Unknown
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Elk Rapids Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2021
Closed on
Jan 14, 2022
Sold by
Lyon Thomas W and Lyon Barbara J
Bought by
Yoo George H and Yoo Karen T
Seller's Agent
Kathy Wittbrodt
WITTBRODT WATERSIDE PROPERTIES
Buyer's Agent
Bob Rieck
Coldwell Banker Schmidt Traver
List Price
$1,595,000
Sold Price
$1,300,000
Premium/Discount to List
-$295,000
-18.5%
Current Estimated Value
$1,735,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$435,276
Avg. Annual Appreciation
7.22%
Original Mortgage
$900,000
Outstanding Balance
$831,156
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$851,425

Purchase Details

Closed on
Oct 28, 1999
Bought by
Lyon Thomas W and Lyon Barbara J
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
Yoo George H $1,300,000 Corporate Settlement Solutions
Yoo George H $1,300,000 None Listed On Document
Lyon Thomas W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yoo George H $900,000
Closed Yoo George H $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2022 01/14/22 Sold $1,300,000 -6.8% $480 / Sq Ft
10/05/2021 10/05/21 Price Changed $1,395,000 -12.5% $515 / Sq Ft
09/16/2021 09/16/21 For Sale $1,595,000 -- $588 / 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 $23,530 $758,100 $0 $0
2024 $200 $658,800 $0 $0
2023 $19,171 $579,900 $0 $0
2022 $6,240 $425,100 $0 $0
2021 $5,973 $411,500 $0 $0
2020 $5,643 $397,600 $0 $0
2019 $5,873 $381,900 $0 $0
2018 $5,741 $388,600 $0 $0
2017 $5,645 $381,400 $0 $0
2016 $4,022 $367,100 $0 $0
2015 -- $366,500 $0 $0
2014 -- $363,600 $0 $0
2013 -- $351,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1893068

Northern Great Lakes REALTORS® MLS

APN: 05-06-016-005-30