Nearly 10 acres in a great location! Just over a mile to Torch Lake public access, Torch River stores and marina, close to Elk Lake and Lake Skegemog. Here is the opportunity to build your dream home surrounded by cherry trees and close to several lakes. All of the "Up North" lifestyle activities close to home and within the award winning Elk Rapids School District. Or build that barndominium and hobby farm you've been dreaming about. Either way, this property is the perfect choice!
Property Details
Property Features
Listing Office:
Office Name: Bayside Real Estate
Office Phone: (231) 322-6000
Listing Agent: James Garrow
Exterior Features
Exterior Information:
Waterfront: None
Exterior: Countryside View
Lot Features
Lot Information:
Lot: Level
Lot Size: 9.67 Acres
Other
Directions Information:
Directions: From the Torch River Bridge, 1.5 miles on Cherry Avenue, property on left.
Price Information
Listing Price Info
Price Summary:
List Price: $155,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Rapid City, MI.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$841
Per Month
Principal & Interest
$774
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
$531
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
6
/10
Rapid City Elementary School
5258 River Road
Distance between this listing and this school2.70 miles
Public District Grades PK-5
7
/10
Lakeland Elementary School
616 Buckley St
Distance between this listing and this school4.56 miles
Public District Grades PK-5
6
/10
Mill Creek Elementary School
9039 Old M 72
Distance between this listing and this school5.91 miles
Public District Grades PK-5
Nearby Schools
7
/10
Cherryland Middle School
707 E 3rd St
Distance between this listing and this school4.39 miles
Public District Grades 6-8
4
/10
Kalkaska Middle School
1700 W Kalkaska Rd
Distance between this listing and this school10.28 miles
Public District Grades 6-8
8
/10
Woodland School
7224 Supply Rd
Distance between this listing and this school11.81 miles
Public Charter Grades KG-8
Nearby Schools
9
/10
Elk Rapids High School
308 Meguzee Pt
Distance between this listing and this school4.33 miles
Public District Grades 9-12
3
/10
Sunrise Academy
97 Lake St
Distance between this listing and this school5.20 miles
Public District Grades 9-12
5
/10
Kalkaska High School
109 N Birch St
Distance between this listing and this school10.59 miles
The neighbors living near this home have an average income of $52,985. Most Rapid City, MI residents have annual incomes between $35k-100k. Residents typically live in married, no kids family. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About LOT1 Cherry Ave
What is the listing price of this property?
The listing price of LOT1 Cherry Ave property is $155,000.
What type of property is this?
The property LOT1 Cherry Ave is land located in Rapid City, Michigan, 49676.
Is this property for sale now?
Active Listing: LOT1 Cherry Ave is For Sale (Active/New) which means the seller is accepting offers.
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 LOT1 Cherry Ave in Rapid City, MI and zip code 49676. This home sits on a 9.67 acre lot. It has been listed on Rocket Homes since October 28, 2024 and is currently priced at $155,000.
While more than 1 listings in Rapid City, MI in October 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 4 were sold below. In October 2024, listings were on the market for 148 days. During the same period, the median list price in this real estate market was $415,000.
From Rocket Homes Real Estate and based on county public records data.