20 days on rocket

5420 Erickson Rd, Bear Lake, MI, 49614

$199,000

Home List Price

$2,363*

Closing Credit

3 Bedrooms
1 Full Bath
1,851 SqFt
$108/SqFt
House

Location

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5420 Erickson Rd, Bear Lake$199,000

Buyer Closing Credits

$2,363*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAggregate
Year Built1951
HeatingOil, Radiant
BasementYes
MLS #67024062536
Lot Size4.54 Acres
StatusActive

About 5420 Erickson Rd

3 bedroom 1 bath home with just under 5 acres of privacy. Located at the end of Erickson Rd. within 3 miles of the beaches of Lake Michigan and 2 miles from 1800 acre all sports Bear Lake. The farm house still holds the charm of its potential. The open land is workable with mature trees around the perimeter, perfect for a hobby farm. The six outbuildings have many uses for either livestock, produce, workshop or storage for your boat or snowmobiles. You are a short drive from Arcadia, Onekama, Bear Lake and Frankfort with Arcadia Bluffs Golf Course. Manistee & Betsie River along with many inland lakes close by which are some of the best in the Midwest. If you are looking for quite peaceful living with everything Northern Michigan has to offer, this is the one.

Property Details

Property Features

Property Information:

  • Year Built: 1951
  • Stories: 2
  • Living Area: 1,851 SqFt

Listing Office:

  • Office Name: Coldwell Banker Schmidt-Benzie
  • Office Phone: (231) 882-8000
  • Listing Agent: John Judge

Interior Features

Interior Information:

  • Appliances: Dryer, Microwave, Oven, Refrigerator, Range, Washer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Parking: Aggregate

Lot Features

Lot Information:

  • Lot Size: 4.54 Acres

Utilities

Utilities Information:

  • Heating: Oil, Radiant

Other

Directions Information:

  • Directions: M-22 (Northwood Hwy) to 13 Mile, go East 1 mile to Erdman Rd., go South 1/2 mile to Erickson Rd., go East 1/2 mile. Property is on North side of the road just before dead end. 5420 Erickson

Price Information

Listing Price Info

Price Summary:

  • List Price: $199,000
  • Price Per SqFt: $108/SqFt
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Housing Market Comparison

See how this home compares to others in Bear Lake, MI.

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Bear Lake, MI

City

Med. Sold Price

$268.7K

Med. Price/SqFt

$158

Avg. Days On Market

76

# of Sold Homes

4

5420 Erickson Rd vs Bear Lake

20 DAYS ON ROCKET

-56 Days

$199,000

-$69.7K Less

$108/SqFt

-$50 Less

KEY TAKEAWAY

This property is $69.7K less than the Median Sold Price and $50/SqFt less than other homes in Bear Lake, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Mason Oceana Manistee Board of REALTORS
  • MLS Number: #67024062536

Listing Office:

  • Office Name: Coldwell Banker Schmidt-Benzie
  • Office Phone: (231) 882-8000
  • Listing Agent: John Judge

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: 12/30/2024, 11:56:01 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 - $88,600
2020 - $83,200
2019 - $76,800
2018 - $73,600
2017 - $78,100

History based on county public records data.

Payment Calculator

$1,061

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$663

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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-2252313
6
/10

  • Bear Lake Elementary School

  • 7748 Cody St

  • 2.39 miles

  • Public District Grades PK-6

school-card-donut-2252314
4
/10

  • Knd Elementary School

  • 4400 Highbridge Rd

  • 11.99 miles

  • Public Magnet Grades KG-6

school-card-donut-2252315
3
/10

  • Betsie Valley School

  • 17936 Cadillac Hwy

  • 13.37 miles

  • Public Magnet Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,589. Residents of Bear Lake, MI typically earn between $35k-100k each year. The majority of families are married, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5420 Erickson Rd

What is the listing price of this property?

The listing price of 5420 Erickson Rd property is $199,000.

What type of property is this?

The property 5420 Erickson Rd is a house located in Bear Lake, Michigan, 49614.

Is this property for sale now?

Active Listing: 5420 Erickson Rd is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 5420 Erickson Rd has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5420 Erickson Rd is 1,851 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5420 Erickson Rd is 1951.

Rocket Homes›Michigan›Manistee County›Bear Lake›49614›5420 Erickson Rd

This home is located at 5420 Erickson Rd in Bear Lake, MI and zip code 49614. This 1,851 square foot home, which was built in 1951, sits on a 4.54 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 11, 2024 and is currently priced at $199,000.

Over 0 listings were sold over their listed price in November 2024 in Bear Lake, MI. In the same period over 4 listings were sold below the listed price and 0 listings were sold for the listed price. In November 2024 in Bear Lake, MI there were 7.1% more homes for sale than in October 2024. Listings spent 76 days on the market in November 2024, and had a median list price of $268,750 during the same period.

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

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