Skip main navigation
Sold for $450,000
  • $450,000

    3500 Borchers Way, Grayling, MI 49738

    1beds
    321sqft
    Single Family Residence
    Built in 1960
    3.1 Acres Lot
    $427,600 Zestimate®
    $1,402/sqft
    $-- Estimated rent

    Home value

    $427,600

    $389,000 - $458,000

    Not available

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more
    Refinance and save

    $3,081/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $3,081/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    Crystal clear watersSandy bottom lakeBreathtaking panoramic views
    Discover an extraordinary 3.1-acre build site with 150 feet of private frontage on the pristine Lake Margrethe. This sandy bottom lake offers crystal clear waters and breathtaking panoramic views. The build site is expertly laid out, ready for your dream home. Complementing this unique offering is a charming 1-bed, 1-bath, 321 sq ft bunkhouse, perfect for guests or a cozy retreat. Located near Hansen Hills Ski & Recreation Area, enjoy endless outdoor adventures on miles of bicycle trails and the nearby Au Sable River. This is a rare opportunity for lakeside living with convenience and natural beauty. Cable internet and natural gas available.

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Rosen 989-370-6785,

    smith realty GROUP

    Source: WWMLS,MLS#: 201839918MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Electric, Wall Furnace
    Appliances
    • Included: Refrigerator, Microwave
    • Laundry: None
    Features
    • Ceiling Fan(s), Vaulted Ceiling(s)
    • Flooring: Laminate
    • Basement: None
    Interior area
    • Total structure area: 321
    • Total interior livable area: 321 sqft
    • Finished area above ground: 321

    Property

    Features
    • On waterfront: Yes
    • Body of water: Lake Margrethe
    • Frontage type: All-Sport
    Lot
    • Size: 3.1 Acres
    • Dimensions: 3.1 acres
    • Features: Natural
    Details
    • Parcel number: 040420220320000

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cabin
    • Property subtype: Single Family Residence
    Materials
    • Foundation: Pillar/Post/Pier
    Condition
    • Year built: 1960

    Utilities & green energy

    • Sewer: Septic Tank
    • Utilities for property: Cable Connected

    Community & HOA

    Community
    • Subdivision: T26N, R4W
    Location
    • Region: Grayling

    Financial & listing details

    • Price per square foot: $1,402/sqft
    • Tax assessed value: $406,000
    • Annual tax amount: $9,027
    • Date on market: 5/8/2026
    • Listing terms: Cash,Conventional Mortgage
    • Ownership: Owner
    • Road surface type: Gravel, Maintained

    Price history

    DateEventPrice
    9/18/2026Sold$450,000-5.3%$1,402/sqft
    Source: WWMLS #201839918 Report a problem
    8/10/2026Contingent$475,000$1,480/sqft
    Source: WWMLS #201839918 Report a problem
    5/8/2026Listed for sale$475,000+3.8%$1,480/sqft
    Source: WWMLS #201839917 Report a problem
    8/31/2023Sold$457,500+86.7%$1,425/sqft
    Source: Public Record Report a problem
    6/19/2017Sold$245,000$763/sqft
    Source: Public Record Report a problem
    5/10/2016Sold$245,000-18.3%$763/sqft
    Source: Agent Provided Report a problem
    12/1/2015Listing removed$299,900$934/sqft
    Source: CENTURY 21 RIVER COUNTRY #290143 Report a problem
    7/2/2015Listed for sale$299,900-11.5%$934/sqft
    Source: CENTURY 21 River Country Real Estate #6803 Report a problem
    8/14/2014Price change$339,000-8.1%$1,056/sqft
    Source: CENTURY 21 River Country Real Estate #6803 Report a problem
    5/8/2014Listed for sale$369,000$1,150/sqft
    Source: CENTURY 21 RIVER COUNTRY #290143 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026$9,027 -2%$203,000 +1.7%
    2025$9,212 +18.3%$199,600 -0.2%
    2024$7,786 +4.7%$200,000 +14.4%
    2023$7,433 $174,800 +10.1%
    2022-- $158,800 +1.1%
    2021-- $157,100 -4.4%
    2020-- $164,300 -7.1%
    2019-- $176,800 -0.9%
    2018$7,227 +4%$178,400 +13.3%
    2017$6,951 +59.5%$157,500 -12%
    2016$4,359 $179,000
    2015$4,359 $179,000 +40.6%
    2014-- $127,300 -0.4%
    2013-- $127,800 +4.2%
    2012-- $122,700 -26.2%
    2011-- $166,300 -26.4%
    2010-- $225,900
    Find assessor info on the county website

    Neighborhood: 49738

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Grayling
    • High: Grayling

    Source: WWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Get pre-qualified for a loan
    At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.

    An equal housing lender. NMLS #10287.