5 months on rocket

1991 S Morey Rd, Lake City, MI, 49651

$299,900

Home List Price

$3,561*

Closing Credit

2 Baths
2,151 SqFt
$139/SqFt
House

Location

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1991 S Morey Rd, Lake City$299,900

Buyer Closing Credits

$3,561*

1.25% Loan Amount

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Property Highlights

ParkingNone
Year Built1930
HeatingForced Air, Space Heater(s)
WaterfrontNone
FireplaceFireplace, Other
MLS #1922312
Lot Size0.36 Acres
StatusActive

About 1991 S Morey Rd

The iconic "Cobblestone Station" that welcomes you to the south end of Lake City offers a buyer many options. It has been used as a single family home for the last several years. The home has been completely renovated, keeping the charm of the local field stone in place. The home is set up as two separate apartments, each with its own electric meter. The main floor offers one large bedroom, bathroom, kitchen, and the living room area which showcases the old stone pillars and stone wall of the home. As you enter the upstairs through the arched entryway, you will find another fully finished living space. With an open floor concept there is a full kitchen, bathroom, living room, and bedroom. The architecture of the large dormers allows for plenty of floor space and natural light. Outside you will discover a small guest house, complete with a shower, toilet, and sink area. This has potential for another rental income. There is a fenced yard offering privacy and plenty of room to play or park your toys. With no zoning for this township, this property offers many possibilities, and would make a great two unit apartment, office or retail space with living upstairs. It would make a great short term rental investment, with the ability to have 3 separate rentable spaces plus room for RV parking. Downtown Lake City is just a bike ride away where you can enjoy the beaches of Lake Missaukee, the "Greatest Fourth in the North" celebration, and hit all of the eateries and pubs available. Come be a part of this great piece of history and see all of the charm that this property brings. With a large down payment, there could be possibilities for seller assisted financing.

Property Details

Property Features

Property Information:

  • Architectural Style: 2 Story
  • Year Built: 1930
  • Living Area: 2,151 SqFt

Listing Office:

  • Office Name: Five Star Real Estate - Shelby St Cadillac
  • Listing Agent: Greg Bosscher

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Ceiling Fan(s)
  • Interior: Drywall
  • Fireplace: Fireplace, Other

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Countryside View, Patio, Stone

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.36 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Space Heater(s)

School Info

Assigned Schools Information:

  • Lake City High School, Public District Grades 9-12
  • Lake City Middle School, Public District Grades 6-8
  • Lake City Upper Elementary School, Public District Grades 3-5

Other

Directions Information:

  • Directions: Corner of M-66 and Jennings Rd

Price Information

Listing Price Info

Price Summary:

  • List Price: $299,900
  • Price Per SqFt: $139/SqFt

Tax Information:

  • Annual Amount: $2,571
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lake City, MI.

Med. Sold Price

$234.9K

Med. Price/SqFt

$151

Avg. Days On Market

68

# of Sold Homes

17

1991 S Morey Rd vs Lake City

171 DAYS ON ROCKET

+103 Days

$299,900

+$65K More

$139/SqFt

-$13 Less

KEY TAKEAWAY

This property is $65K more than the Median Sold Price and $13/SqFt less than other homes in Lake City, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: TAAR
  • MLS Number: #1922312

Listing Office:

  • Office Name: Five Star Real Estate - Shelby St Cadillac
  • Listing Agent: Greg Bosscher

Copyright © 2024 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 7:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,571$53,100
2020$2,571$53,100
2019$2,571$52,300
2018$2,571$56,600
2017$2,748$55,800

History based on county public records data.

Payment Calculator

$1,564

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$966

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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.

Elementary School

school-card-donut-819649
6
/10
  • Lake City Upper Elementary School

  • 251 Russell St

  • 1.89 miles

  • Public District Grades 3-5

Middle School

school-card-donut-819650
6
/10
  • Lake City Middle School

  • 5534 W Davis Rd

  • 1.61 miles

  • Public District Grades 6-8

High School

school-card-donut-819651
5
/10
  • Lake City High School

  • 251 Russell St

  • 1.89 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,534. Typical income of Lake City, MI residents is between $35k-100k annually. The majority of families are married, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1991 S Morey Rd

What is the listing price of this property?

The listing price of 1991 S Morey Rd property is $299,900.

What type of property is this?

The property 1991 S Morey Rd is a house located in Lake City, Michigan, 49651.

Is this property for sale now?

Active Listing: 1991 S Morey Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1991 S Morey Rd are:
Lake City Upper Elementary School: GreatSchools Rating 6/10
Lake City Middle School: GreatSchools Rating 6/10
Lake City High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,571 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1991 S Morey Rd has 2 bathrooms..

What is the square footage of this property?

The property 1991 S Morey Rd is 2,151 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1991 S Morey Rd is 1930.

Rocket Homes›Michigan›Missaukee County›Lake City›49651›1991 S Morey Rd

This home is located at 1991 S Morey Rd in Lake City, MI and zip code 49651. This 2,151 square foot home, which was built in 1930, sits on a 0.36 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since May 13, 2024 and is currently priced at $299,900.

In September 2024 more than 3 listings in Lake City, MI were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 9 were sold below. In September 2024 in Lake City, MI there were 5.3% more homes for sale than in August 2024. In September 2024 median list price was $234,900 and the average listing age was 68 days.

From Rocket Homes Real Estate and based on county public records data.

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