13 days on rocket

Sale Pending

515 N Lake St, Cadillac, MI, 49601

$85,000

Home List Price

$1,009*

Closing Credit

3 Bedrooms
1 Full Bath
1,601 SqFt
$53/SqFt
House
Schools Nearby

Location

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515 N Lake St, Cadillac$85,000

Buyer Closing Credits

$1,009*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGravel, None
Year Built1900
HeatingNatural Gas, Forced Air
CoolingNatural Gas, Central Air
WaterfrontNone
FireplaceNone
MLS #1921175
Lot Size0.07 Acres
StatusSale Pending
(Pending)

About 515 N Lake St

This three-bedroom home is conveniently located close to shopping, restaurants, public library, park, and Lake Cadillac. The main floor has nine-foot ceilings with an open feel and a large eat-in kitchen, separate dining room, and two main floor bedrooms (one with a walk-in closet). Original trim, open staircase, pantry, full bath with separate shower. Upstairs is the third bedroom as well as spacious loft area that could be used as a fourth bedroom, home office or playroom. Full basement with a family room area would be great for workout equipment or a workshop with entrance from the outside also for easy access. All appliances are included. It would make an excellent rental property or affordable housing. It does need some TLC and is being sold in “as is” condition. Immediate occupancy available.

Property Details

Property Features

Property Information:

  • Architectural Style: 1.5 Story, Farm House
  • Year Built: 1900
  • Living Area: 1,601 SqFt

Listing Office:

  • Office Name: Five Star Real Estate - Mitchell St Cadillac
  • Listing Agent: Sara Hoffman

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Washer, Dryer
  • Interior: Built-In Bookcase, Walk-In Closet(s), Pantry
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Sidewalk, Covered Porch, Aluminum, Press Board

Parking Information:

  • Attached Garage: No
  • Parking: Gravel, None

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Natural Gas, Central Air

School Info

Assigned Schools Information:

  • Cadillac Senior High School, Public District Grades 9-12
  • Cadillac Junior High School, Public District Grades 7-8
  • Mackinaw Trail Middle School, Public District Grades 5-6
  • Kenwood Elementary School, Public District Grades PK-4

Other

Directions Information:

  • Directions: Mitchell St to Haynes St turn West, at Lake St turn South, home on right. Parking in rear.

Price Information

Listing Price Info

Price Summary:

  • List Price: $85,000
  • Price Per SqFt: $53/SqFt

Tax Information:

  • Annual Amount: $1,399
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Cadillac, MI.

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Cadillac, MI

City

Med. Sold Price

$208K

Med. Price/SqFt

$135

Avg. Days On Market

140

# of Sold Homes

14

515 N Lake St vs Cadillac

13 DAYS ON ROCKET

-127 Days

$85,000

-$123K Less

$53/SqFt

-$82 Less

KEY TAKEAWAY

This property is $123K less than the Median Sold Price and $82/SqFt less than other homes in Cadillac, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: TAAR
  • MLS Number: #1921175

Listing Office:

  • Office Name: Five Star Real Estate - Mitchell St Cadillac
  • Listing Agent: Sara Hoffman

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: 4/29/2024, 6:25:18 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$1,399$33,600
2020 - $30,300
2019 - $24,500
2018 - $25,300
2017 - $23,900

History based on county public records data.

Payment Calculator

$492

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$321

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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-3267277
3
/10

  • Kenwood Elementary School

  • 1700 Chestnut St

  • 1.29 miles

  • Public District Grades PK-4

Middle School

school-card-donut-3267278
7
/10

  • Cadillac Junior High School

  • 500 Chestnut St

  • 0.50 miles

  • Public District Grades 7-8

school-card-donut-3267279
7
/10

  • Mackinaw Trail Middle School

  • 8401 Mackinaw Trl

  • 2.68 miles

  • Public District Grades 5-6

High School

school-card-donut-3267280
7
/10

  • Cadillac Senior High School

  • 400 Linden St

  • 0.63 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 $31,038. The majority of Cadillac, MI residents have income less than $35k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 515 N Lake St

What is the listing price of this property?

The listing price of 515 N Lake St property is $85,000.

What type of property is this?

The property 515 N Lake St is a house located in Cadillac, Michigan, 49601.

Is this property for sale now?

Sale Pending: 515 N Lake St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 515 N Lake St are:
Kenwood Elementary School: GreatSchools Rating 3/10
Cadillac Junior High School: GreatSchools Rating 7/10
Mackinaw Trail Middle School: GreatSchools Rating 7/10
Cadillac Senior High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,399 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 515 N Lake St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 515 N Lake St is 1,601 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 515 N Lake St is 1900.

Rocket Homes›Michigan›Wexford County›Cadillac›49601›515 N Lake St

This home is located at 515 N Lake St in Cadillac, MI and zip code 49601. This 1,601 square foot home, which was built in 1900, sits on a 0.07 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 16, 2024 and is currently priced at $85,000.

While more than 4 listings in Cadillac, MI in March 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 9 were sold below. The number of homes for sale in Cadillac, MI decreased by 1.4% between February 2024 and March 2024. In March 2024, listings were on the market for 140 days. During the same period, the median list price in this real estate market was $208,000.

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

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