2 months on rocket

405 Lake St, Elk Rapids, MI, 49629

$538,000

Home List Price

$6,389*

Closing Credit

2 Bedrooms
1 Full Bath
1,296 SqFt
$415/SqFt
House
Schools Nearby

Location

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405 Lake St, Elk Rapids$538,000

Buyer Closing Credits

$6,389*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingConcrete, Private, None
Year Built1975
HeatingElectric, Baseboard
CoolingElectric
WaterfrontPrivate Frontage, Lake, Sandy Bottom, Public Lake
FireplaceNone
MLS #1919045
Lot Size0.18 Acres
StatusActive

About 405 Lake St

The only little gem on Bass Lake in Elk Rapids. With 70 foot of frontage, two bedrooms a bath and large living and kitchen space, this home is one not to miss. Yes, this sweetheart of a cottage could use some updating but location, location, location. So close to downtown Elk Rapids, Lake Michigan, Elk Rapids Public Golf Course and Elk Lake, it doesn't get much better than this. The old one car garage has been converted to finished space with drywall and ceiling. The floor is concrete and could use some stain or flooring but certainly makes for a nicely heated workshop. The dining room is open to the great room space which does not deny the homeowner of amazing Bass Lake views. A set of binoculars and telescope would be great for entertainment on the lake and in the night sky. There's access to the back yard from the workshop aka old garage as well as a storage shed for water toys. A large deck lakeside is the perfect place for morning coffee or evening entertainment. a fire pit and you're ready for summer! Don't forget the public boat launch just a couple hundred yards to the East. Don't miss this diamond in the rough opportunity. Home is being sold AS IS. Welcome Home!

Property Details

Property Features

Property Information:

  • Architectural Style: 1 Story
  • Year Built: 1975
  • Living Area: 1,296 SqFt

Listing Office:

  • Office Name: Lakeside Properties Real Estate
  • Listing Agent: Jennifer Martin

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Microwave, Washer, Dryer, Ceiling Fan(s), Electric Water Heater
  • Interior: Pantry, Mud Room, Formal Dining Room, Great Room, Workshop, Vaulted Ceilings, Drywall
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Private Frontage, Lake, Sandy Bottom, Public Lake
  • Exterior: Deck, Vinyl

Parking Information:

  • Attached Garage: No
  • Parking: Concrete, Private, None

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Electric, Baseboard
  • Cooling: Electric

School Info

Assigned Schools Information:

  • Elk Rapids High School, Public District Grades 9-12
  • Cherryland Middle School, Public District Grades 6-8
  • Lakeland Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Elk Rapids light head East and take first left before Shell station. Follow Lake around to stop sign. After stop, home is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $538,000
  • Price Per SqFt: $415/SqFt

Tax Information:

  • Annual Amount: $876
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Elk Rapids, MI.

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Elk Rapids, MI

City

Med. Sold Price

$400K

Med. Price/SqFt

$261

Avg. Days On Market

73

# of Sold Homes

5

405 Lake St vs Elk Rapids

85 DAYS ON ROCKET

+12 Days

$538,000

+$138K More

$415/SqFt

+$154 More

KEY TAKEAWAY

This property is $138K more than the Median Sold Price and $154/SqFt more than other homes in Elk Rapids, MI.

Based on homes sold in March 2024

MLS Details

MLS Information:

  • MLS Name: TAAR
  • MLS Number: #1919045

Listing Office:

  • Office Name: Lakeside Properties Real Estate
  • Listing Agent: Jennifer Martin

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: 4/28/2024, 7:25:17 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
2020$876$87,100
2019$876$87,600
2018$864$84,700
2017$850$82,000

History based on county public records data.

Payment Calculator

$2,753

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,679

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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-2552498
8
/10

  • Lakeland Elementary School

  • 616 Buckley St

  • 0.30 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2552499
7
/10

  • Cherryland Middle School

  • 707 E 3rd St

  • 0.45 miles

  • Public District Grades 6-8

High School

school-card-donut-2552500
8
/10

  • Elk Rapids High School

  • 308 Meguzee Pt

  • 0.64 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,951. The most common annual income of people living in Elk Rapids, MI is less than $35k. The majority of families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 405 Lake St

What is the listing price of this property?

The listing price of 405 Lake St property is $538,000.

What type of property is this?

The property 405 Lake St is a house located in Elk Rapids, Michigan, 49629.

Is this property for sale now?

Active Listing: 405 Lake St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 405 Lake St are:
Lakeland Elementary School: GreatSchools Rating 8/10
Cherryland Middle School: GreatSchools Rating 7/10
Elk Rapids High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $876 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 405 Lake St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 405 Lake St is 1,296 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 405 Lake St is 1975.

Rocket Homes›Michigan›Antrim County›Elk Rapids›49629›405 Lake St

This home is located at 405 Lake St in Elk Rapids, MI and zip code 49629. This 1,296 square foot home, which was built in 1975, sits on a 0.18 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since February 03, 2024 and is currently priced at $538,000.

While more than 1 listings in Elk Rapids, MI in March 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 2 were sold below. In March 2024 in Elk Rapids, MI there were 15.4% more homes for sale than in February 2024. Listings spent 73 days on the market in March 2024, and had a median list price of $400,000 during the same period.

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

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