Sold

$435,000

507 Forest Ave, Frankfort, MI 49635

3beds

3,000sqft

Single Family Residence

Built in 1940

7,405 Square Feet Lot

$508,900 Zestimate^®

$145/sqft

$3,779 Estimated rent

Home value

$508,900

Estimated sales range

Not available

$3,779/mo

Zestimate^® history

Owner options

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$3,779/mo

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$3,779/mo

Rent Zestimate^®

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$2,660/mo

Est. payment

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$2,660/mo

Est. payment

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What's special

Covered deckLarge enclosed porchEat in kitchen

What a rare opportunity. This 3 bedroom 2 bath home just a block and a half from downtown Frankfort and Betsie Lake and 5 blocks down from Lake MIchigan. This home is way underpriced and wont last long. This home has large living room with a fireplace, formal dining room with built in cabinets, eat in kitchen, The nicest part is all bedrooms, baths and laundry on the first floor. The home has a large enclosed porch to sit and enjoy the neighborhood, the back has a covered deck to enjoy the outdoors. Now lets not forget to mention the 4 car 2 story garage that used to have a couple of living spaces above. At the current time there is no access to that area due to decking not being safe. This area has endless possibilities as long as theres city approval. Many of homes have in-law suites

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Main level bedrooms: 3

Heating

Forced Air

Appliances

Included: Range, Refrigerator
Laundry: None

Features

Eat-in Kitchen
Flooring: Carpet, Vinyl
Windows: Insulated Windows, Window Treatments
Basement: Full,Walk-Out Access
Number of fireplaces: 1
Fireplace features: Living Room

Interior area

Total structure area: 2,000
Total interior livable area: 3,000 sqft
Finished area below ground: 1,000

Property

Parking

Total spaces: 4
Parking features: Garage Faces Rear, Detached, Garage Door Opener
Garage spaces: 4

Features

Stories: 1
Waterfront features: Lake

Lot

Size: 7,405 Square Feet
Dimensions: 50 x 165
Features: Level, Sidewalk, Shrubs/Hedges

Details

Parcel number: 5101017500
Zoning description: residential

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Wood Siding
Roof: Asphalt

Condition

New construction: No
Year built: 1940

Utilities & green energy

Sewer: Public Sewer, Storm Sewer
Water: Public
Utilities for property: Electricity Available, Natural Gas Connected

Community & HOA

Location

Region: Frankfort

Financial & listing details

Price per square foot: $145/sqft
Tax assessed value: $94,931
Annual tax amount: $4,066
Date on market: 11/1/2024
Listing terms: Cash,Conventional
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
12/20/2024	Sold	$435,000-3.3%$145/sqft
Source: MichRIC #24057459 Report a problem
12/14/2024	Pending sale	$449,999$150/sqft
Source: MichRIC #24057459 Report a problem
11/1/2024	Listed for sale	$449,999$150/sqft
Source: MichRIC #24057459 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,994 +7.4%	$303,300 +8.2%
2024	$3,721 +3.4%	$280,400 +17.1%
2023	$3,597	$239,400 -5.7%
2022	--	$253,800 +12%
2021	--	$226,600 +46.6%
2020	--	$154,600 +6.2%
2019	--	$145,600 +7.1%
2018	--	$136,000 -3.2%
2017	--	$140,500
2016	--	$140,500 +100%
2011	--	$70,240 -36.7%
2010	--	$110,900