6 months on rocket

7434 Terrace Ave, Elk Rapids, MI, 49629

$494,900

Home List Price

$5,877*

Closing Credit

3 Bedrooms
1 Bath
1,698 SqFt
$291/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

7434 Terrace Ave, Elk Rapids$494,900

Buyer Closing Credits

$5,877*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingBlacktop, Private, Paved Driveway, None
Year Built1920
HeatingNatural Gas, Baseboard
CoolingNatural Gas, Window Unit(s)
WaterfrontWaterfront
FireplaceFireplace(s), Gas, Stove, Electric
MLS #1916522
Lot Size0.32 Acres
StatusActive

About 7434 Terrace Ave

ADORABLE HOME WITH GENEROUSLY SIZED YARD and only 110' from ELK LAKE Public Access at what is arguably the prettiest end of the lake with nearby coves, sandbars and launches. Spend your days on the 641 sq ft deck with new railing, (suitable for a hot tub), while enjoying views of Elk Lake and lovely, low maintenance landscaping. Nights are beautiful on the deck too with excellent moon and sky viewing. Deck previously held a hot tub and has necessary wiring still available. Plenty of room for fun and frolicking in the large backyard. Concrete Pad for boat or RV parking. 26' Trailer currently on concrete pad has served as Seller's "garage" and is included with sale if desired. Pelican water whole house filtration system - only 5 years old. Two paved driveways, one off Cairn Hwy and one off of Terrace Ave. Less than 5 minutes from Maplehurst Land Conservancy Park and a great area for biking enthusiasts. Only 5 minutes to downtown Elk Rapids, 30 minutes to Traverse City. Homeowner has updated and freshened up every bit of the home with meticulous attention to details. Upstairs secondary area offers a lovely work from home office space (flex space). An all around terrific home for any scenario! Come see for yourself!

Property Details

Property Features

Property Information:

  • Architectural Style: 2 Story
  • Year Built: 1920
  • Living Area: 1,698 SqFt

Listing Office:

  • Office Name: Five Star Real Estate - Front St TC
  • Listing Agent: Kim Costanza

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Water Filtration System, Exhaust Fan, Ceiling Fan(s), Gas Water Heater, Satellite Dish
  • Interior: Bay Window(s), Walk-In Closet(s), Pantry, Breakfast Nook, Workshop, Vaulted Ceilings
  • Fireplace: Fireplace(s), Gas, Stove, Electric

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • Exterior: Deck, Fenced Yard, Landscaped, RV Parking, Gutters, Vinyl

Parking Information:

  • Attached Garage: No
  • Parking: Blacktop, Private, Paved Driveway, None

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.32 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Baseboard
  • Cooling: Natural Gas, Window Unit(s)

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: Turn Right onto Ames St from 31, go 3.1 miles on Cairn Hwy to Terrace Ave to right to enter property from rear drive or access the front drive from Cairn Hwy.

Price Information

Listing Price Info

Price Summary:

  • List Price: $494,900
  • Price Per SqFt: $291/SqFt

Tax Information:

  • Annual Amount: $1,249
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Elk Rapids, MI

City

Med. Sold Price

$400K

Med. Price/SqFt

$261

Avg. Days On Market

73

# of Sold Homes

5

7434 Terrace Ave vs Elk Rapids

204 DAYS ON ROCKET

+131 Days

$494,900

+$94.9K More

$291/SqFt

+$30 More

KEY TAKEAWAY

This property is $94.9K more than the Median Sold Price and $30/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: #1916522

Listing Office:

  • Office Name: Five Star Real Estate - Front St TC
  • Listing Agent: Kim Costanza

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, 12:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 25, 2015Home Sold
$138,900

Tax History

YEARPROP. TAXASSESSMENT
2020$1,249$63,100
2019$1,249$66,600
2018$1,232$57,700
2017$1,211$57,700

History based on county public records data.

Payment Calculator

$2,538

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,550

Powered By

Rocket Mortgage

Advertisement

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-2748989
8
/10

  • Lakeland Elementary School

  • 616 Buckley St

  • 2.28 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2748990
7
/10

  • Cherryland Middle School

  • 707 E 3rd St

  • 2.43 miles

  • Public District Grades 6-8

High School

school-card-donut-2748991
8
/10

  • Elk Rapids High School

  • 308 Meguzee Pt

  • 2.59 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. Typical income of Elk Rapids, MI residents is less than $35k annually. Residents typically live in married, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7434 Terrace Ave

What is the listing price of this property?

The listing price of 7434 Terrace Ave property is $494,900.

What type of property is this?

The property 7434 Terrace Ave is a house located in Elk Rapids, Michigan, 49629.

Is this property for sale now?

Active Listing: 7434 Terrace Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 7434 Terrace Ave 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 $1,249 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 25, 2015 for $138,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7434 Terrace Ave has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 7434 Terrace Ave is 1,698 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7434 Terrace Ave is 1920.

Rocket Homes›Michigan›Antrim County›Elk Rapids›49629›7434 Terrace Ave

This home is located at 7434 Terrace Ave in Elk Rapids, MI and zip code 49629. This 1,698 square foot home, which was built in 1920, sits on a 0.32 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 07, 2023 and is currently priced at $494,900.

In March 2024, from all listings sold in Elk Rapids, MI there were more than 1 sold above asking price, over 2 sold below and more than 2 were sold right at the asked price. The number of homes for sale in Elk Rapids, MI increased by 15.4% between February 2024 and March 2024. The median list price of listings available in March 2024 was $400,000, while the average time on the real estate market was 73 days.

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

More Resources