For sale

$699,900

503 W 2nd St, Elk Rapids, MI 49629

6beds

4,520sqft

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Single Family Residence, Duplex

Built in 1975

-- sqft lot

$-- Zestimate^®

$155/sqft

$-- HOA

What's special

Fire pitMature treesCorner lot

This stunning 6 bed 5 bath residence in Elk Rapids is an extraordinary find. The main home provides abundant space for a large family, while 2 attached apartment units offer ready-made income stream or private housing for extended family. Beautiful corner lot with mature trees, deck and fire pit, perfect for outdoor entertaining. Situated in the heart of Elk Rapids, only blocks away from downtown, Grand Traverse Bay and Elk Lake. Only 10 miles from Traverse City regional airport for easy travel. Don't miss this opportunity for comfortable, versatile living in a quaint, historic, and vibrant community.

299 days

671

21

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 5
Full bathrooms: 2
3/4 bathrooms: 3
Main level bathrooms: 5
Main level bedrooms: 3

Rooms

Room types: Great Room

Primary bedroom

Level: Main
Area: 216
Dimensions: 18 x 12

Bedroom 2

Level: Main
Area: 103.5
Dimensions: 11.5 x 9

Bedroom 3

Level: Main
Area: 132.25
Dimensions: 11.5 x 11.5

Bedroom 4

Level: Upper
Area: 336
Dimensions: 21 x 16

Primary bathroom

Features: Private

Dining room

Level: Main
Width: 11.6

Family room

Level: Main
Area: 681.5
Dimensions: 29 x 23.5

Kitchen

Level: Main
Length: 11.6

Living room

Level: Main
Area: 462
Dimensions: 22 x 21

Heating

Forced Air, Baseboard, Natural Gas, Fireplace(s)

Appliances

Included: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Water Softener Rented
Laundry: Main Level

Features

Entrance Foyer, Pantry, Solid Surface Counters, Mud Room, Den/Study, Ceiling Fan(s), Cable TV, High Speed Internet, In-Law Floorplan
Flooring: Carpet, Laminate
Windows: Bay Window(s)
Basement: Crawl Space
Has fireplace: Yes
Fireplace features: Gas

Interior area

Total structure area: 4,520
Total interior livable area: 4,520 sqft
Finished area above ground: 4,520
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Attached, Concrete
Attached garage spaces: 2

Accessibility

Accessibility features: Accessible Doors, Accessible Entrance, Accessible Approach with Ramp, Accessible Full Bath, Grip-Accessible Features, Hand Rails

Features

Levels: One and One Half
Stories: 1
Patio & porch: Deck, Patio, Porch
Exterior features: Sprinkler System, Sidewalk
Fencing: Fenced
Waterfront features: None

Lot

Size: 0.43 Acres
Dimensions: 142 x 132
Features: Corner Lot, Wooded, Level, Subdivided

Details

Additional structures: Shed(s)
Parcel number: 054317502300
Zoning description: Residential

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Single Family Residence, Duplex
Attached to another structure: Yes

Materials

Frame, Aluminum Siding
Roof: Asphalt

Condition

New construction: No
Year built: 1975

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: None
Subdivision: Dexter & Noble

HOA

Services included: None

Location

Region: Elk Rapids

Financial & listing details

Price per square foot: $155/sqft
Tax assessed value: $109,448
Annual tax amount: $5,560
Price range: $699.9K - $699.9K
Date on market: 9/19/2025
Cumulative days on market: 300 days
Listing agreement: Exclusive Right Sell
Listing terms: Conventional,Cash
Ownership type: Private Owner
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

$1,990/mo

Price history

Date	Event	Price
9/19/2025	Listed for sale	$699,900+27.3%$155/sqft
Source: NGLRMLS #1938794 Report a problem
12/3/2021	Listing removed	$549,900$122/sqft
Source: NGLRMLS #1890223 Report a problem
7/14/2021	Listed for sale	$549,900+32.5%$122/sqft
Source: NGLRMLS #1890223 Report a problem
10/13/2020	Listing removed	$415,000$92/sqft
Source: RE/MAX of Elk Rapids #1864577 Report a problem
12/6/2019	Price change	$415,000-7.8%$92/sqft
Source: RE/MAX Of Elk Rapids #1864577 Report a problem
10/15/2019	Price change	$449,900-5.3%$100/sqft
Source: RE/MAX Of Elk Rapids #1864577 Report a problem
9/19/2019	Price change	$474,900-5%$105/sqft
Source: RE/MAX Of Elk Rapids #1864577 Report a problem
7/17/2019	Listed for sale	$499,900+104.1%$111/sqft
Source: RE/MAX Of Elk Rapids #1864577 Report a problem
3/21/2012	Sold	$244,900-2%$54/sqft
Source: NGLRMLS #1720748 Report a problem
5/21/2011	Listed for sale	$249,900$55/sqft
Source: RE/MAX ELK RAPIDS #1720748 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,560 +5.4%	$260,100 +14.7%
2024	$5,275 +5.8%	$226,700 +18%
2023	$4,988	$192,100 +5.3%
2022	--	$182,500 +33.9%
2021	--	$136,300 +8.5%
2020	--	$125,600 +1.6%
2017	$4,487	$123,600 +5.4%
2016	--	$117,300
2015	--	$117,300 +21.8%
2014	--	$96,300 -0.1%
2013	--	$96,400 -2%
2011	--	$98,400 -5.7%
2010	--	$104,300

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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