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Backup Offers

2880 N State Rd, Luther, MI, 49656

$1,070,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
1,500 SqFt
$713/SqFt
House

Location

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2880 N State Rd, Luther$1,070,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Year Built1950
HeatingForced Air, Radiant
BasementYes
MLS #72023003758
Lot Size208.00 Acres
StatusAccepting Backup Offers

About 2880 N State Rd

A truly rare find. 230 acres of stunning ground located just west of HWY 131 in Lake County, this parcel must be seen to be appreciated! A uniquely diverse property that begins with thick apple orchards, changes into vast hay fields and cattle pasture, into lofted views from several rolling peaks on the property, incredible building sites with views of miles around. Artesian water flows into freshwater springs originating on the property, and combined with thick forest on the SE side, all manner of wildlife will never have a reason to leave this parcel. Several enormous and well constructed steel buildings service the property, and could easily house equipment, livestock, or a business. The modest older farm home could be brought back to life and serve you well! Located on the doorstep ofthousands of acres of state forest, and countless miles of ORV trails lakes and rivers, the size and setting makes you feel like you could be in Michigan's upper peninsula. A property so rich with detail and potential is a true must-see. Current leasing incomes more than cover all property expenses, and a thriving bee/honey farm provides all the honey your could want! Nearby power superstation makes solar or wind farm potential a reality. The owner has taken pride and care of the property for many years, and is ready to turn this legacy estate over to its next owner. Call for more about the established income opportunities on this parcel, or to set up your personal tour.

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Stories: 1
  • Living Area: 1,500 SqFt

Listing Office:

  • Office Name: RE/MAX TOGETHER
  • Office Phone: (231) 629-4100
  • Listing Agent: Joseph McNally

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot: Level, Wooded
  • Lot Size: 208.00 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Radiant

Other

Directions Information:

  • Directions: 131 North to Exit 162, West onto 14 Mile/Old M-63, follow until you reach the Luther Village, turn left (South) onto Old State Rd. to property on the East side of the Rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,070,000
  • Price Per SqFt: $713/SqFt
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Housing Market Comparison

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

Med. Sold Price

$177.5K

Med. Price/SqFt

$117

Avg. Days On Market

30

# of Sold Homes

1

2880 N State Rd vs Luther

653 DAYS ON ROCKET

+623 Days

$1,070,000

+$892.5K More

$713/SqFt

+$596 More

KEY TAKEAWAY

This property is $892.5K more than the Median Sold Price and $596/SqFt more than other homes in Luther, MI.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Name: West Central Association of REALTORS®
  • MLS Number: #72023003758

Listing Office:

  • Office Name: RE/MAX TOGETHER
  • Office Phone: (231) 629-4100
  • Listing Agent: Joseph McNally

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 6:20:52 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 - $190,000
2020 - $197,000
2019 - $198,700
2018 - $187,100
2017 - $199,500

History based on county public records data.

Payment Calculator

$5,408

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,274

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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.

Nearby Schools

school-card-donut-392147
5
/10
  • Pine River Area Elementary School

  • 408 W Gilbert St

  • 11.29 miles

  • Public District Grades PK-3

school-card-donut-392148
2
/10
  • Baldwin Elementary School

  • 525 4th St

  • 12.65 miles

  • Public District Grades PK-5

school-card-donut-392149
5
/10
  • Gt Norman Elementary School

  • 338 W Lincoln Ave

  • 13.35 miles

  • Public District Grades PK-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,278. The majority of Luther, MI residents have income less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2880 N State Rd

What is the listing price of this property?

The listing price of 2880 N State Rd property is $1,070,000.

What type of property is this?

The property 2880 N State Rd is a house located in Luther, Michigan, 49656.

Is this property for sale now?

Accepting Backup Offers: 2880 N State Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

How many bedrooms and bathrooms does this property have?

The property at 2880 N State Rd has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 2880 N State Rd is 1,500 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2880 N State Rd is 1950.

Rocket HomesMichiganLake CountyLuther496562880 N State Rd

This home is located at 2880 N State Rd in Luther, MI and zip code 49656. This 1,500 square foot home, which was built in 1950, sits on a 208.00 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 07, 2023 and is currently priced at $1,070,000.

While more than 0 listings in Luther, MI in October 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 1 were sold below. In October 2024 in Luther, MI there were 5.3% more homes for sale than in September 2024. Listings spent 30 days on the market in October 2024, and had a median list price of $177,500 during the same period.

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

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