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  • Zillow Home logoZestimate®
    $255,100

    400 Lake Dr, Lakeview, MI 48850

    4beds
    1,500sqft
    SingleFamily
    Built in 1930
    2 Acres Lot
    $255,100 Zestimate®
    $170/sqft
    $1,629 Estimated rent

    Home value

    $255,100

    $224,000 - $283,000

    $1,629/mo

    Zestimate® history
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    $1,701/mo

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    What's special

    Over 278 feet of Tamarack Lake Frontage with Beautiful Views from every inch of this almost 2 acre piece of property. This income producing Lake front property has a Main house with 4 bedrooms and 1 bath with over 1500 square feet of living space that includes a Field Stone Fireplace. There are 5 other units that have been rented out successfully over the years at $500 per month. All of the buildings will need some TLC to bring them up to code but for a small investment you can have all of th ese units up and running in now time, creating positive cash flow even after paying the mortgage and expenses. Seller is Highly Motivated that is why it is listed at such a low price.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Forced air
    Cooling
    • None
    Interior area
    • Total interior livable area: 1,500 sqft

    Property

    Parking
    • Total spaces: 20
    Features
    • Exterior features: Other
    Lot
    • Size: 2 Acres
    Details
    • Parcel number: 04217010400

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Other
    Condition
    • Year built: 1930

    Community & HOA

    Location
    • Region: Lakeview

    Financial & listing details

    • Price per square foot: $170/sqft
    • Tax assessed value: $288,400
    • Annual tax amount: $216

    Price history

    DateEventPrice
    6/30/2016Sold$135,000$90/sqft
    Source: Public Record Report a problem
    4/22/2016Sold$135,000-15.6%$90/sqft
    Source: MichRIC #16000323 Report a problem
    1/5/2016Listed for sale$159,900-64.5%$107/sqft
    Source: Five Star Real Estate (Main) #16000323 Report a problem
    8/16/2014Listing removed$449,900$300/sqft
    Source: Smith-diamond Realty #14041363 Report a problem
    7/19/2014Listed for sale$449,900$300/sqft
    Source: Smith-diamond Realty #14041363 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026$216 $144,200 +19.5%
    2025$216 +2.8%$120,700 -17.4%
    2024$210 $146,100
    2023-- --
    2022-- $102,600 +12.3%
    2021-- $91,400
    2020-- --
    2019-- $87,200 +33.1%
    2018-- $65,500 -9%
    2017-- $72,012 -15.3%
    2016-- $84,988
    2015-- $84,988 +1.9%
    2014-- $83,400 -6.3%
    2012-- $89,000 -0.9%
    2011-- $89,800 -2%
    2010-- $91,600 -12.1%
    2009-- $104,200 -0.9%
    2007-- $105,100 +1.2%
    2006-- $103,900 +18.5%
    2005-- $87,700 +9.1%
    2004-- $80,400 +9.5%
    2003-- $73,400
    Find assessor info on the county website

    Neighborhood: 48850

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Lakeview-Montcalm Co

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

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