NOT LISTED FOR SALE

8794 Cedar Way Rapid City, MI 49676

Estimated Value: $616,000 - $909,000

3 Beds
2 Baths
1,044 Sq Ft
$738/Sq Ft Est. Value

Last Sold June 29, 2018

Last sale price $365,000 $350 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $4,211/month

68 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • Deck
  • Elk Rapids High School Rated A-
  • Guest House
  • Wooded Lot

About This Home

As of June 2018

ELK LAKE SUNSETS! Cute cottage on the east side of Elk Lake in a very secluded setting on a private road. The cottage has 2 bedrooms plus there is a guest apartment above the detached garage with a separate kitchen and bath, perfect for your friends and family. Cuddle up with a good book by the cozy fireplace, enjoy your morning coffee on the large deck or hop on your boat and explore the entire Chain of Lakes! This is a wonderful opportunity to own on Elk Lake. There is a new remote drainfield on adjacent back lot giving you the ability to expand. Convenient location close to all the surrounding towns and villages in Northern Michigan with great restaurants, shopping, golf, skiing, hiking, wineries, breweries~so many places to explore.

Last Agent to Sell the Property

Donald Fedrigon

RE/MAX Of Elk Rapids License #6502117560 Listed on: 04/08/2018

RE/MAX Of Elk Rapids

Last Buyer's Agent

Meagan Luce

CENTURY 21 Northland License #6506044953

CENTURY 21 Northland

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,792

Year Built

  • Built in 1945

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 51 x 116 x 51 x 116
  • Private Waterfront
  • 51 Feet of Waterfront
  • Cleared Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

HOA Fees

  • $17 Monthly HOA Fees

Home Design

  • Cottage
  • Asphalt Roof
  • Vinyl Siding
  • Log Siding

Interior Spaces

  • 1,044 Sq Ft Home
  • Ceiling Fan
  • Fireplace
  • Water Views
  • Crawl Space
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Bathrooms

Parking

  • 1 Car Detached Garage
  • Private Driveway

Outdoor Features

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

Additional Homes

  • Guest House

Utilities

  • Forced Air Heating and Cooling System
  • Well

Community Details

Overview

  • The Cedars Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,792

Year Built

Built in 1945

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Cottage
  • Estimated Year Built: 1945
  • Construction: Full Log
  • Private Shared: Private
  • Section Number: 14
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1945

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Ceiling Fan
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 10x10, On Level: Main Floor, Flooring: Wood
  • Bedroom 2: Dimensions: 10x10, On Level: Main Floor, Flooring: Wood
  • Bedroom 3: Dimensions: 12x18, On Level: Upper Floor, Flooring: Laminate
  • Total Bathrooms: 2
  • Number of Main Level Bathrooms: 1
  • Number of Three Quarter Bathrooms: 2
  • Main Floor Primary: Yes
  • Kitchen: Dimensions: 7x9, On Level: Main Floor, Flooring: Tile
  • Living Room: Dimensions: 12x19, On Level: Main Floor, Flooring: Wood
  • Estimated Above Ground Finished Sq Ft: 1044
  • Price Per Sq Ft: 349.62
  • Range: R 9W
  • Total Finished Sf Apx: 1044

Exterior Features

  • Additional Buildings: Guest House
  • Body Of Water: Elk Lake
  • Exterior Features: Deck
  • Exterior Finish: Vinyl
  • Foundation: Crawl Space
  • Number Of Acres: 0.14
  • Road: Private Owned, Gravel
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Public Lake
  • Waterfront Frontage: 51

Garage/Parking

  • Driveway: Private
  • Garage Capacity: 1
  • Primary Garage: Detached

Utilities

  • Fireplaces And Stoves: Fireplace(s)
  • Heating Cooling Types: Forced Air
  • Laundry: On Level: Main Floor
  • Sewer: Pump Back, Private Septic
  • Tv Service Internet Avail: Unknown
  • Water: Private Well

Condo/Co-op/Association

  • Annual Association Fees: 200

Association/Amenities

  • Development Name: The Cedars

Schools

  • School District: Elk Rapids Schools

Lot Info

  • Lot Number: 4
  • Deeded Waterfront: Yes
  • Land Features: Cleared, Wooded
  • Lot Dimensions: 51 X 116 X 51 X 116
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential, Deed Restrictions

Tax Info

  • Summer Taxes: 4063.04
  • Taxable Value: 119787
  • Total Taxes: 4791.74
  • Winter Taxes: 728.70
  • Year Summer: 2017
  • Year Winter: 2017

MLS Schools

  • School District: Elk Rapids Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2018
Closed on
Jun 28, 2018
Sold by
Davis Julie A
Bought by
Wendzel Maryann and Wendzel Matthew
Seller's Agent
Donald Fedrigon
RE/MAX Of Elk Rapids
Buyer's Agent
Meagan Luce
CENTURY 21 Northland
List Price
$415,000
Sold Price
$365,000
Premium/Discount to List
-$50,000
-12.05%
Current Estimated Value
$770,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,348
Avg. Annual Appreciation
10.20%

Purchase Details

Closed on
Sep 20, 2011
Bought by
Davis Julie A Trust
Source: Public Records

Range of Values:

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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
Wendzel Maryann $365,000 --
Wendzel Matthew G -- --
Davis Julie A Trust -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2018 06/29/18 Sold $365,000 -7.6% $350 / Sq Ft
04/26/2018 04/26/18 Price Changed $395,000 -4.8% $378 / Sq Ft
04/08/2018 04/08/18 For Sale $415,000 -- $398 / 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 $49 $261,500 $0 $0
2024 $49 $247,700 $0 $0
2023 $4,744 $182,800 $0 $0
2022 $5,242 $157,500 $0 $0
2021 $5,048 $153,900 $0 $0
2020 $4,868 $149,600 $0 $0
2019 $4,832 $121,200 $0 $0
2018 $4,948 $122,700 $0 $0
2017 $4,857 $124,500 $0 $0
2016 $4,028 $120,500 $0 $0
2015 -- $121,100 $0 $0
2014 -- $116,500 $0 $0
2013 -- $118,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1844716

Northern Great Lakes REALTORS® MLS

APN: 05-12-585-006-00