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$2,400,000

Beds
5
Baths
3.0
sq ft
2,062

9110 Cherry Ave, Rapid City, MI 49676

9110 Cherry Ave

MiltonTownship_Antrim, MI 49676

    ELK LAKE - 5 bedroom, 3 bath vintage home in excellent condition with modern upgraded kitchen and baths. 200 ft. on the Sunset Side with views that are constantly changing like you are watching a travel log presentation. This 100-year-old cottage, which is rich in history, boasts a beautiful, large stone fireplace and exterior stone walls, where each stone was taken from Elk Lake and placed by hand. There is a great enclosed sun porch overlooking the sparkling clear blue waters of the lake. The master bedroom en suite has a private deck to enjoy a glass of wine while watching the magnificent Northern Michigan evening sky. Nearly 4 acres with no close neighbors - very private and peaceful setting! 30x60 pole barn included for car/boat storage and a future ‚Å“Man Cave‚ . Property features large mature hardwood trees for added privacy. 6 miles to Elk Rapids and less than 30 minutes to the Traverse City Cherry Capital Airport with numerous connections to every part of the Country. Chain-of-Lakes connection provides access to Torch Lake, Lake Skegemog, Clam Lake and Lake Bellaire plus many rivers and streams on the clearest & cleanest water in Michigan.

    Details

    Property type

    Single Family Residence

    Est. home value

    $2,278,729

    Lot size

    3.86 acres

    Price per sq ft

    $1,164

    Year built

    1922

    Annual property taxes

    $13,160

    Price History

    11/11/2023
    Realcomp

    Realcomp #78080012848

    Listed
    $2,400,000

    Schools & Community

    Elementary school: 

    Unknown

    Middle school: 

    Unknown

    High school: 

    Unknown

    High school district: 

    ElkRapids

    Negotiation Insights

    Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

    Seller could get up to

    $2,088,613
    Asking price
    $2,400,000
    Closing costs (~8% of asking)
    -$192,000
    Est. remaining loan balance
    -$119,387
    Cash to seller
    $2,088,613

    This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

    Seller’s Loan History

    Lender

    Fifth Third Mortgage Company

    Loan start date

    October 2012

    Original loan amount

    $168,000

    Est. remaining balance

    $119,387

    Interest rate

    3.62%

    Loan type

    Not Provided, 30 year

    Seller

    Michael J Shanesy and Betty Lee Shanesy

    Source: Public records data

    If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

    How insights can help you

    Interest rate

    If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

    Motivation

    If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

    Equity

    If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

    Interested in learning more?

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    Tomo last checked: 04/04/2025 at 3:35 PM

    Listing updated: 03/25/2025 at 9:23 AM

    Listed by: Darci Springborn, Lakeside Properties Real Estate Phone #: (231) 264-5000

    MLS: Realcomp #78080012848

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