WaterfrontPrivate Frontage, Lake, All Sports, Sandy Bottom, Public Lake, Stony Bottom
MLS #1927823
Lot Size3.48 Acres
StatusActive
About 7080 Cherry Ave
Discover an extraordinary opportunity to own a remarkable 3.48-acre parcel on Elk Lake, featuring 280 feet of south-facing water frontage. There are up to four potential splits allowed as long as other township zoning requirements are met. This wooded oasis is perfect for crafting your dream home, offering both seclusion and the charm of nearby Elk Rapids. With a water well already in place and a successful perc test for an onsite septic system, this property is ready for your vision. This rare blend of expansive acreage, lake access, and proximity to town presents a unique chance to create a lasting family retreat on the stunning shores of Elk Lake!
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,310
Per Month
Principal & Interest
$4,243
Home PriceThe dollar amount you pay for the home.
$
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 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.
$%
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.
Property Taxes
$0
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
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
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
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
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
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,615
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Lakeland Elementary School
616 Buckley St
Distance between this listing and this school2.75 miles
Public District Grades PK-5
6
/10
Rapid City Elementary School
5258 River Road
Distance between this listing and this school7.67 miles
Public District Grades PK-5
5
/10
John R Rodger Elementary School
6535 John R Rodgers Rd
Distance between this listing and this school7.80 miles
Public District Grades KG-5
Nearby Schools
7
/10
Cherryland Middle School
707 E 3rd St
Distance between this listing and this school2.85 miles
Public District Grades 6-8
4
/10
Kalkaska Middle School
1700 W Kalkaska Rd
Distance between this listing and this school15.67 miles
Public District Grades 6-8
8
/10
Woodland School
7224 Supply Rd
Distance between this listing and this school16.68 miles
Public Charter Grades KG-8
Nearby Schools
3
/10
Sunrise Academy
97 Lake St
Distance between this listing and this school2.92 miles
Public District Grades 9-12
9
/10
Elk Rapids High School
308 Meguzee Pt
Distance between this listing and this school3.01 miles
Public District Grades 9-12
7
/10
Bellaire Middlehigh School
204 W Forrest Home Ave
Distance between this listing and this school8.19 miles
The neighbors living near this home have an average income of $66,512. Most Kewadin, MI residents have annual incomes between $35k-100k. Most families are married, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7080 Cherry Ave
What is the listing price of this property?
The listing price of 7080 Cherry Ave property is $850,000.
What type of property is this?
The property 7080 Cherry Ave is land located in Kewadin, Michigan, 49648.
Is this property for sale now?
Active Listing: 7080 Cherry Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $3,541 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 7080 Cherry Ave in Kewadin, MI and zip code 49648. This home sits on a 3.48 acre lot. It has been listed on Rocket Homes since October 03, 2024 and is currently priced at $850,000.
In October 2024 more than 0 listings in Kewadin, MI were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 0 were sold below. In October 2024 in Kewadin, MI there were 42.9% more homes for sale than in September 2024.
From Rocket Homes Real Estate and based on county public records data.