2 months on rocket

7434 Terrace Ave, Elk Rapids, MI, 49629

$449,900

Home List Price

$5,343*

Closing Credit

3 Bedrooms
1 Full Bath
1,698 SqFt
$265/SqFt
House

Location

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7434 Terrace Ave, Elk Rapids$449,900

Buyer Closing Credits

$5,343*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1920
HeatingBaseboard, Natural Gas
CoolingCeiling Fan(s), Exhaust Fan, Window Unit(s)
BasementYes
FireplaceElectric, Gas, WoodBurningStove
MLS #78080051396
Lot Size0.32 Acres
StatusActive

About 7434 Terrace Ave

METICULOUSLY MAINTAINED HOME WITH GENEROUSLY SIZED YARD and only 110' from ELK LAKE Public Access at what is arguably the prettiest end of the lake with nearby coves, sandbars and launches. Spend your days on the 641 sq ft deck with new railing, (suitable for a hot tub), while enjoying views of Elk Lake and lovely, low maintenance landscaping. Nights are beautiful on the deck too with excellent moon and sky viewing. Deck previously held a hot tub and has necessary wiring still available. Plenty of room for fun and frolicking in the large backyard. Concrete Pad for boat or RV parking. 26' Trailer currently on concrete pad has served as Seller's "garage" and is available for purchase with sale if desired. Pelican water whole house filtration system - only 5 years old. Two paved driveways, one off Cairn Hwy and one off of Terrace Ave. Less than 5 minutes from Maplehurst Land Conservancy Park and a great area for biking enthusiasts. Only 5 minutes to downtown Elk Rapids, 30 minutes to Traverse City. Homeowner has updated and freshened up every bit of the home with meticulous attention to details. Upstairs secondary area offers a lovely work from home office space (flex space). An all around terrific home for any scenario! Come see for yourself!

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Living Area: 1,698 SqFt

Listing Office:

  • Office Name: Five Star Real Estate - Front St TC
  • Office Phone: (231) 778-1200
  • Listing Agent: Kim Costanza

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Range, Washer
  • Basement: Yes
  • Interior: CathedralCeilings, Pantry, WalkInClosets
  • Fireplace: Electric, Gas, WoodBurningStove

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Lot Features

Lot Information:

  • Lot Size: 0.32 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas
  • Cooling: Ceiling Fan(s), Exhaust Fan, Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $449,900
  • Price Per SqFt: $265/SqFt

Tax Information:

  • Annual Amount: $1,249
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Elk Rapids, MI.

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Elk Rapids, MI

City

Med. Sold Price

$425K

Med. Price/SqFt

$268

Avg. Days On Market

39

# of Sold Homes

3

7434 Terrace Ave vs Elk Rapids

86 DAYS ON ROCKET

+47 Days

$449,900

+$24.9K More

$265/SqFt

-$4 Less

KEY TAKEAWAY

This property is $24.9K more than the Median Sold Price and $4/SqFt less than other homes in Elk Rapids, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Aspire North REALTORS
  • MLS Number: #78080051396

Listing Office:

  • Office Name: Five Star Real Estate - Front St TC
  • Office Phone: (231) 778-1200
  • Listing Agent: Kim Costanza

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 © 2025 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: 1/3/2025, 9:21:06 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 25, 2015Home Sold
$138,900

Tax History

YEARPROP. TAXASSESSMENT
2020$1,249$63,100
2019$1,249$66,600
2018$1,232$57,700
2017$1,211$57,700

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

$1,415

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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-152961
7
/10

  • Lakeland Elementary School

  • 616 Buckley St

  • 2.29 miles

  • Public District Grades PK-5

school-card-donut-152962
6
/10

  • Rapid City Elementary School

  • 5258 River Road

  • 7.80 miles

  • Public District Grades PK-5

school-card-donut-152963
7
/10

  • Old Mission Peninsula School

  • 2699 Island View Rd

  • 8.07 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,951. Most Elk Rapids, MI residents have annual incomes less than $35k. The most common type of family is married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7434 Terrace Ave

What is the listing price of this property?

The listing price of 7434 Terrace Ave property is $449,900.

What type of property is this?

The property 7434 Terrace Ave is a house located in Elk Rapids, Michigan, 49629.

Is this property for sale now?

Active Listing: 7434 Terrace 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 $1,249 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 25, 2015 for $138,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7434 Terrace Ave has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 7434 Terrace Ave is 1,698 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7434 Terrace Ave is 1920.

Rocket Homes›Michigan›Antrim County›Elk Rapids›49629›7434 Terrace Ave

This home is located at 7434 Terrace Ave in Elk Rapids, MI and zip code 49629. This 1,698 square foot home, which was built in 1920, sits on a 0.32 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 08, 2024 and is currently priced at $449,900.

In December 2024, from all listings sold in Elk Rapids, MI there were more than 1 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price. The inventory of homes for sale in Elk Rapids, MI between November 2024 and December 2024 decreased by 23.1%. In December 2024, listings were on the market for 39 days. During the same period, the median list price in this real estate market was $425,000.

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

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