new - 3 days on rocket

507 Forest Ave, Frankfort, MI, 49635

$449,999

Home List Price

$5,344*

Closing Credit

3 Bedrooms
2 Full Baths
2,000 SqFt
$225/SqFt
House

Location

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507 Forest Ave, Frankfort$449,999

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingPaved, Door Opener, Detached
Year Built1940
HeatingNatural Gas, Forced Air
CoolingOther
BasementYes
WaterfrontLake
MLS #67024057459
Lot Size0.17 Acres
StatusActive

About 507 Forest Ave

What a rare opportunity. This 3 bedroom 2 bath home just a block and a half from downtown Frankfort and Betsie Lake and 5 blocks down from Lake MIchigan. This home is way underpriced and wont last long. This home has large living room with a fireplace, formal dining room with built in cabinets, eat in kitchen, The nicest part is all bedrooms, baths and laundry on the first floor. The home has a large enclosed porch to sit and enjoy the neighborhood, the back has a covered deck to enjoy the outdoors. Now lets not forget to mention the 4 car 2 story garage that used to have a couple of living spaces above. At the current time there is no access to that area due to decking not being safe. This area has endless possibilities as long as theres city approval. Many of homes have in-law suites

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1940
  • Stories: 1
  • Living Area: 2,000 SqFt

Listing Office:

  • Office Name: Coldwell Banker Professionals ALM Manistee
  • Office Phone: (231) 723-3555
  • Listing Agent: Brenda Cronan

Interior Features

Interior Information:

  • Appliances: Range, Refrigerator
  • Basement: Yes
  • Interior: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Lake

Parking Information:

  • Attached Garage: No
  • Parking: Paved, Door Opener, Detached

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Other

School Info

Assigned Schools Information:

  • Frankfort High School, Public District Grades 7-12
  • Frankfort Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: M115/forest ave to home west of intersection.

Price Information

Listing Price Info

Price Summary:

  • List Price: $449,999
  • Price Per SqFt: $225/SqFt
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Housing Market Comparison

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

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Frankfort, MI

City

Med. Sold Price

$520K

Med. Price/SqFt

$308

Avg. Days On Market

102

# of Sold Homes

5

507 Forest Ave vs Frankfort

3 DAYS ON ROCKET

-99 Days

$449,999

-$70K Less

$225/SqFt

-$84 Less

KEY TAKEAWAY

This property is $70K less than the Median Sold Price and $84/SqFt less than other homes in Frankfort, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Mason Oceana Manistee Board of REALTORS®
  • MLS Number: #67024057459

Listing Office:

  • Office Name: Coldwell Banker Professionals ALM Manistee
  • Office Phone: (231) 723-3555
  • Listing Agent: Brenda Cronan

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: 11/5/2024, 1:20:51 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 - $226,600
2020 - $137,600
2019 - $145,600
2018 - $136,000
2017 - $140,500

History based on county public records data.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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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.

Elementary School

school-card-donut-1739914
6
/10

  • Frankfort Elementary School

  • 613 Leelanau Ave

  • 0.10 miles

  • Public District Grades KG-6

High School

school-card-donut-1739915
7
/10

  • Frankfort High School

  • 534 11th St

  • 0.57 miles

  • Public District Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,250. The most common annual income of people living in Frankfort, MI is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 507 Forest Ave

What is the listing price of this property?

The listing price of 507 Forest Ave property is $449,999.

What type of property is this?

The property 507 Forest Ave is a house located in Frankfort, Michigan, 49635.

Is this property for sale now?

Active Listing: 507 Forest Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 507 Forest Ave are:
Frankfort Elementary School: GreatSchools Rating 6/10
Frankfort High School: GreatSchools Rating 7/10

How many bedrooms and bathrooms does this property have?

The property at 507 Forest Ave has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 507 Forest Ave is 2,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 507 Forest Ave is 1940.

Rocket Homes›Michigan›Benzie County›Frankfort›49635›507 Forest Ave

This home is located at 507 Forest Ave in Frankfort, MI and zip code 49635. This 2,000 square foot home, which was built in 1940, sits on a 0.17 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $449,999.

In October 2024 more than 0 listings in Frankfort, MI were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 4 were sold below. The inventory of homes for sale in Frankfort, MI between September 2024 and October 2024 decreased by 7.7%. The median list price of listings available in October 2024 was $520,000, while the average time on the real estate market was 102 days.

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

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