309/311 S Shelby St, Cadillac, MI, 49601

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

309/311 S Shelby St, Cadillac$200,000

Buyer Closing Credits

$2,375^*

1.25% Loan Amount

Sell Your Home And Save More

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

ParkingNone

Year Built1895

HeatingForced Air

CoolingWindow Unit(s)

WaterfrontNone

FireplaceNone

MLS #1925082

Lot Size0.07 Acres

StatusActive
(Active U/C Taking Backups)

About 309/311 S Shelby St

Amazing downtown Cadillac investment opportunity! LOCATION! This multi-family home is within walking distance to Lake Cadillac as well as the downtown area. Each side is spacious offering an upstairs and basement. The property boasts a great opportunity for investors or those who wish to live in one unit and generate income from another. Each unit features convenient walk through living space on both the main level and upstairs with nicely re-done flooring on the main floor. Each side also has its own covered porch area for grilling, gardening, and enjoying time outside! Schedule your showing today and capitalize on this fantastic opportunity! Each Unit is 3bed/1.5bath

View More

Property Details

Property Features

Property Information:

• Architectural Style: 2 Story, Duplex
• Year Built: 1895
• Living Area: 2,704 SqFt

Listing Office:

• Office Name: City2Shore Real Estate Northern Michigan
• Office Phone: (231) 839-0077
• Listing Agent: Trevor Knapp

Interior Features

Interior Information:

• Appliances: Oven/Range, Disposal, Dishwasher, Dryer, Water Filtration System
• Interior: Walk-In Closets, Formal Dining Room, Mud Room, Drywall
• Fireplace: None

Exterior Features

Exterior Information:

• Waterfront: None
• Exterior: Sidewalk, Covered Porch, Vinyl Siding

Parking Information:

• Attached Garage: No
• Parking: None

Lot Features

Lot Information:

• Lot Size: 0.07 Acres

Utilities

Utilities Information:

• Heating: Forced Air
• Cooling: Window Unit(s)

Other

Directions Information:

• Directions: Turn right off Mitchell St onto Chapin St, then right onto S Shelby St. Home is just behind the First Baptist Church.

Price Information

Listing Price Info

Price Summary:

• List Price: $200,000
• Price Per SqFt: $74/SqFt

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

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

Cadillac, MI

City

Med. Sold Price

$224.4K

Med. Price/SqFt

$140

Avg. Days On Market

60

# of Sold Homes

21

309/311 S Shelby St vs Cadillac

117 DAYS ON ROCKET

+57 Days

$200,000

-$24.4K Less

$74/SqFt

-$66 Less

KEY TAKEAWAY

This property is $24.4K less than the Median Sold Price and $66/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: #1925082

Listing Office:

• Office Name: City2Shore Real Estate Northern Michigan
• Office Phone: (231) 839-0077
• Listing Agent: Trevor Knapp

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: 11/18/2024, 2:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$1,066

Per Month

Principal & Interest

$999

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

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 Payment

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.

$Down PaymentPercent%

Loan Term

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.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

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

Monthly Premium

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

Monthly Premium

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

Monthly Fees

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

Monthly Cost

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

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$666

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Michigan›Wexford County›Cadillac›49601›309/311 S Shelby St

This home is located at 309/311 S Shelby St in Cadillac, MI and zip code 49601. This 2,704 square foot home, which was built in 1895, sits on a 0.07 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since July 23, 2024 and is currently priced at $200,000.

In October 2024, from all listings sold in Cadillac, MI there were more than 7 sold above asking price, over 11 sold below and more than 3 were sold right at the asked price. The number of listings in Cadillac, MI increased by 21.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 60 days, the median list price was $224,416.

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