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505 Peninsular Ave, Grayling, MI, 49738

$275,000

Home List Price

$3,266*

Closing Credit

3 Bedrooms
3 Full Baths
4,448 SqFt
$62/SqFt
House

Location

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505 Peninsular Ave, Grayling$275,000

Buyer Closing Credits

$3,266*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage4 spaces
Year Built1921
HeatingBaseboard, Hot Water, Natural Gas
FireplaceFireplace
MLS #201830791
StatusAccepting Backup Offers
(Active w/Contingencies)

About 505 Peninsular Ave

This iconic 1920's home offers charm, space, comfort and location in the heart of the city. You can walk to nearly everything, just a block to downtown. Three bedrooms and three baths with a huge living room, formal dining room, large family room and a first floor master bedroom. Also a generous dedicated laundry/pantry. Expansive decking for entertainment overlooking the beautiful landscaped, sprinklered and fully fenced grounds. Of course a giant, attached, heated garage, paved drive and automatic generator. And then the finished basement with an additional kitchen, living room, office area, full bath and a sauna. Fresh roof in 2023. Measurements and square footage are approximate, buyers or their agent should verify.

Property Details

Property Features

Property Information:

  • Architectural Style: 2+ Story
  • Year Built: 1921
  • Living Area: 4,448 SqFt

Listing Office:

  • Office Name: Century 21 Realty North Grayling
  • Office Phone: (989) 348-5474
  • Listing Agent: Curt W Jansen

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Dryer, Garage Door Opener, Disposal, Refrigerator, Oven, Washer
  • Flooring Type: Hardwood
  • Interior: 1st Flr Master Bdrm, Doorwall, Fireplace, Hardwood Floors, Sauna
  • Fireplace: Fireplace

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Automatic Generator, Cable TV, Deck, Fence, Garden Area, Landscaped, Paved Driveways, Sprinkler System, Workshop

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes

Utilities

Utilities Information:

  • Heating: Baseboard, Hot Water, Natural Gas

Other

Directions Information:

  • Directions: I-75 Business Loop to N on Michigan Ave 1 block to W on Peninsular to home on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $275,000
  • Price Per SqFt: $62/SqFt

Tax Information:

  • Annual Amount: $2,348
  • Tax Year: 2021
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Housing Market Comparison

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

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Grayling, MI

City

Med. Sold Price

$182.5K

Med. Price/SqFt

$137

Avg. Days On Market

76

# of Sold Homes

14

505 Peninsular Ave vs Grayling

146 DAYS ON ROCKET

+70 Days

$275,000

+$92.5K More

$62/SqFt

-$75 Less

KEY TAKEAWAY

This property is $92.5K more than the Median Sold Price and $75/SqFt less than other homes in Grayling, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #201830791

Listing Office:

  • Office Name: Century 21 Realty North Grayling
  • Office Phone: (989) 348-5474
  • Listing Agent: Curt W Jansen

IDX © 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is 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. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 10:20:57 AM 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$2,348$59,700
2020$2,296$58,000
2019$2,296$57,100
2018$2,255$53,300
2017 - $54,000

History based on county public records data.

Payment Calculator

$1,440

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$891

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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-4496037
5
/10

  • Grayling Elementary School

  • 306 Plum St

  • 0.45 miles

  • Public District Grades PK-4

school-card-donut-4496038
4
/10

  • Roscommon Elementary School

  • 175 West Sunset Dr

  • 12.68 miles

  • Public District Grades PK-3

school-card-donut-4496039
3
/10

  • Cherry Street Intermediate School

  • 315 S Cherry St

  • 23.39 miles

  • Public District Grades 4-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,702. Residents of Grayling, MI typically earn between $35k-100k each year. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 Peninsular Ave

What is the listing price of this property?

The listing price of 505 Peninsular Ave property is $275,000.

What type of property is this?

The property 505 Peninsular Ave is a house located in Grayling, Michigan, 49738.

Is this property for sale now?

Accepting Backup Offers: 505 Peninsular Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,348 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 505 Peninsular Ave has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 505 Peninsular Ave is 4,448 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 Peninsular Ave is 1921.

Rocket Homes›Michigan›Crawford County›Grayling›49738›505 Peninsular Ave

This home is located at 505 Peninsular Ave in Grayling, MI and zip code 49738. This 4,448 square foot home was built in 1921. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 24, 2024 and is currently priced at $275,000.

While more than 1 listings in Grayling, MI in November 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 9 were sold below. The inventory of homes for sale in Grayling, MI between October 2024 and November 2024 increased by 4.5%. In November 2024, listings were on the market for 76 days. During the same period, the median list price in this real estate market was $182,500.

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

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