Enjoy one of the nicest beachs on Mullett Lake. Sand as far as you can see. Watch the boaters come and go through the Cheboygan River nearby. Swim, fish, or just enjoy the tranquility of the clean northern Michigan air. Large two story guest house/garage complete with kitchen and bath for the kids or company. This property is one of the most versatile places up here. Call for a showing.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,035
Per Month
Principal & Interest
$3,968
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,450
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Middle School
6
/10
Cheboygan Middle School
905 W Lincoln Ave
Distance between this listing and this school4.04 miles
Public District Grades 4-8
Nearby Schools
3
/10
Inland Lakes Elementary School
4363 S Straits Hwy
Distance between this listing and this school14.01 miles
Public District Grades KG-6
8
/10
Pellston Elementary School
114 Zipf St
Distance between this listing and this school14.33 miles
Public District Grades PK-4
3
/10
Onaway Elementary School
4549 M 33
Distance between this listing and this school19.98 miles
Public Magnet Grades KG-5
Assigned Schools
6
/10
Cheboygan Middle School
905 W Lincoln Ave
Distance between this listing and this school4.04 miles
Public District Grades 4-8
Nearby Schools
5
/10
Onaway Middle School
4549 M 33
Distance between this listing and this school19.98 miles
Public Magnet Grades 6-8
5
/10
St. Ignace Elementary/Middle School
429 Portage St
Distance between this listing and this school23.36 miles
Public District Grades PK-8
Nearby Schools
2
/10
Cheboygan Virtual Academy
7461 N Straits Hwy
Distance between this listing and this school1.82 miles
Public District Grades 7-12
4
/10
Cheboygan Alternative Education
7461 N Straits Hwy
Distance between this listing and this school1.82 miles
Public District Grades 6-12
4
/10
Cheboygan Area High School
801 W Lincoln Ave
Distance between this listing and this school3.84 miles
The neighbors living near this home have an average income of $49,779. The majority of Cheboygan, MI residents have income less than $35k annually. Most families are married, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8000 Jerome Ln
What is the listing price of this property?
The listing price of 8000 Jerome Ln property is $795,000.
What type of property is this?
The property 8000 Jerome Ln is a house located in Cheboygan, Michigan, 49721.
Is this property for sale now?
Accepting Backup Offers: 8000 Jerome Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What are the assigned schools for this property?
The assigned schools for 8000 Jerome Ln are: Cheboygan Middle School: GreatSchools Rating 6/10
How many bedrooms and bathrooms does this property have?
The property at 8000 Jerome Ln has 3 bedrooms and 1 full and 1 half bathrooms.
What is the square footage of this property?
The property 8000 Jerome Ln is 1,344 SqFt (source: MLS/tax record).
This home is located at 8000 Jerome Ln in Cheboygan, MI and zip code 49721. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 13, 2024 and is currently priced at $795,000.
Over 4 listings were sold over their listed price in April 2024 in Cheboygan, MI. In the same period over 9 listings were sold below the listed price and 3 listings were sold for the listed price. Between March 2024 and April 2024, Cheboygan, MI real estate market has seen increase in the number of listings by 27.1%.
From Rocket Homes Real Estate and based on county public records data.