ParkingBlacktop, Attached, Detached, Door Opener, Paved Driveway, Finished Rooms
Attached Garage4 spaces
Year Built1984
HeatingNone, Hot Water, Baseboard
CoolingNone, Ductless
WaterfrontNone
FireplaceFireplace(s), Gas
MLS #1910265
Lot Size1.83 Acres
StatusActive
About 8160 Cairn Hwy
INVESTMENT RESIDENTIAL PROPERTY – Located just two miles from ELK RAPIDS with views of ELK LAKE. Incredible opportunity to work where you live! Formally used as a Bed & Breakfast and is now used as a Short-Term Rental. Home is move-in-ready, as it is sold fully furnished. Hardwood flooring, open kitchen, gas fireplace, sunroom, main floor master, beautiful staircase, large covered front porch and more. This Colonial Style home boasts 4 bedrooms all with private baths and a non-conforming private 5th bedroom/bathroom in the lower. Attached 2-car garage and additional detached garage with extra living space plus additional storage. Large yard with countryside views and inviting paved circular driveway. Ample space in lower level for entertaining. A large, detached garage. This home offers so many opportunities for the creative minded person. Elegance, charm, comfort…the perfect combination! Currently being run as an income property - NOW TAKING RESERVATIONS FOR THE 2024 SEASON!
Property Details
Property Features
Property Information:
Architectural Style: 2 Story, Colonial
Year Built: 1984
Living Area: 4,615 SqFt
Listing Office:
Office Name: Lakeside Properties Real Estate
Listing Agent: Dennis Irelan
Interior Features
Interior Information:
Appliances: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Water Softener, Washer, Dryer, Hot Tub, Freezer, Exhaust Fan, Ceiling Fan(s), Gas Water Heater
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,509
Per Month
Principal & Interest
$4,442
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
$2,735
Powered By
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
8
/10
Lakeland Elementary School
616 Buckley St
Distance between this listing and this school1.51 miles
Public District Grades PK-5
Middle School
7
/10
Cherryland Middle School
707 E 3rd St
Distance between this listing and this school1.67 miles
Public District Grades 6-8
High School
8
/10
Elk Rapids High School
308 Meguzee Pt
Distance between this listing and this school1.84 miles
Public District Grades 9-12
Assigned Schools
8
/10
Lakeland Elementary School
616 Buckley St
Distance between this listing and this school1.51 miles
Public District Grades PK-5
Nearby Schools
8
/10
John R Rodger Elementary School
6535 John R Rodgers Rd
Distance between this listing and this school8.96 miles
Public District Grades KG-5
8
/10
Mill Creek Elementary School
9039 Old M 72
Distance between this listing and this school10.00 miles
Public District Grades PK-5
Assigned Schools
7
/10
Cherryland Middle School
707 E 3rd St
Distance between this listing and this school1.67 miles
Public District Grades 6-8
Nearby Schools
4
/10
Kalkaska Middle School
1700 W Kalkaska St
Distance between this listing and this school15.42 miles
Public District Grades 6-8
6
/10
Woodland School
7224 Supply Rd
Distance between this listing and this school15.59 miles
Public Charter Grades KG-8
Assigned Schools
8
/10
Elk Rapids High School
308 Meguzee Pt
Distance between this listing and this school1.84 miles
Public District Grades 9-12
Nearby Schools
7
/10
Bellaire Middle/High School
204 W Forrest Home Ave
Distance between this listing and this school9.45 miles
Public District Grades 6-12
4
/10
Central Lake Public Schools
8190 West State St
Distance between this listing and this school11.81 miles
The neighbors living near this home have an average income of $41,951. Most Elk Rapids, MI residents have annual incomes less than $35k. Typical family type is married, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8160 Cairn Hwy
What is the listing price of this property?
The listing price of 8160 Cairn Hwy property is $890,000.
What type of property is this?
The property 8160 Cairn Hwy is a house located in Elk Rapids, Michigan, 49629.
Is this property for sale now?
Active Listing: 8160 Cairn Hwy is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 8160 Cairn Hwy are: Lakeland Elementary School: GreatSchools Rating 8/10Cherryland Middle School: GreatSchools Rating 7/10Elk 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 $7,140 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 8160 Cairn Hwy has 4 bedrooms and 2 full and 1 half bathrooms.
What is the square footage of this property?
The property 8160 Cairn Hwy is 4,615 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 8160 Cairn Hwy is 1984.
This home is located at 8160 Cairn Hwy in Elk Rapids, MI and zip code 49629. This 4,615 square foot home, which was built in 1984, sits on a 1.83 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 25, 2023 and is currently priced at $890,000.
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.