PRIME LOCATION for a future business or short term rental! Offering 450 feet of frontage on US 131, this highway has a steady flow of year round traffic ensuring high visibility yet privacy for your vision! Property is zoned commercial, so bring your imagination and turn your dreams into reality! The current home has new paint and flooring. Home has consistent rental history (currently $800/month). Located across the street from the trail system and just down the road from Fife Lake, you will appreciate the many opportunities that come with owning this property!
Sold for $115,000
$115,000
7632 Us Highway 131, Fife Lake, MI 49633
1beds
742sqft
Single Family Residence
Built in 1930
1.85 Acres Lot
$158,000 Zestimate®
$155/sqft
$1,495 Estimated rent
Home value
$158,000
$137,000 - $180,000
$1,495/mo
Zestimate® history
Owner options
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$558/mo
Est. payment
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$558/mo
Est. payment
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New paint
Zillow last checked:
Listing updated:
Listed by:
Betsy Hill,
Five Star Real Estate - Front St TC 231-778-1200,
Chad DeBolt 231-360-0780,
Five Star Real Estate - Front St TC
Bought with:
Non Member Office
NON-MLS MEMBER OFFICE
Source: NGLRMLS,MLS#: 1903698
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Dining Room
Primary bedroom
- Level: Main
- Area: 69.24
- Dimensions: 9.11 x 7.6
Primary bathroom
- Features: Shared
Dining room
- Level: Main
- Area: 205.2
- Dimensions: 15.2 x 13.5
Kitchen
- Level: Main
- Area: 100.1
- Dimensions: 11 x 9.1
Living room
- Level: Main
- Area: 2208.6
- Dimensions: 163.6 x 13.5
Heating
- Wall Furnace, Natural Gas
Appliances
- Included: Refrigerator, Oven/Range
- Laundry: Main Level
Features
- Flooring: Carpet
- Basement: Crawl Space,Exterior Entry
- Has fireplace: Yes
- Fireplace features: Wood Burning, Stove
Interior area
- Total structure area: 742
- Total interior livable area: 742 sqft
- Finished area above ground: 742
- Finished area below ground: 0
Property
Parking
- Parking features: None, Gravel, Dirt, Circular Driveway, Private
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Exterior features: None
- Waterfront features: None
Lot
- Size: 1.85 Acres
- Dimensions: 450 x 182
- Features: Cleared, Wooded, Sloped, Metes and Bounds
Details
- Additional structures: Shed(s)
- Parcel number: 0401101700
- Zoning description: Residential,Commercial
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Aluminum Siding, Vinyl Siding
- Roof: Asphalt
Condition
- Fixer
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Private Sewer
- Water: Private
Community & HOA
Community
- Features: None
- Subdivision: N/A
HOA
- Services included: None
Location
- Region: Fife Lake
Financial & listing details
- Price per square foot: $155/sqft
- Tax assessed value: $27,159
- Annual tax amount: $1,216
- Price range: $115K - $115K
- Date on market: 8/12/2023
- Cumulative days on market: 745 days
- Listing agreement: Exclusive Right Sell
- Listing terms: Cash
- Ownership type: Private Owner
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 8/30/2023 | Sold | $115,000-9.8%$155/sqft |
Source:  NGLRMLS #1903698 Report a problem | ||
| 6/10/2023 | Price change | $127,500-10.5%$172/sqft |
Source: NGLRMLS #1903698 Report a problem | ||
| 10/3/2022 | Price change | $142,500-3.7%$192/sqft |
Source: NGLRMLS #1903698 Report a problem | ||
| 8/11/2022 | Listed for sale | $148,000-10.3%$199/sqft |
Source: NGLRMLS #1903698 Report a problem | ||
| 8/11/2022 | Listing removed | $165,000$222/sqft |
Source: NGLRMLS #1891531 Report a problem | ||
| 7/18/2022 | Price change | $165,000-5.4%$222/sqft |
Source: NGLRMLS #1891531 Report a problem | ||
| 6/13/2022 | Price change | $174,500-3%$235/sqft |
Source: NGLRMLS #1891531 Report a problem | ||
| 3/21/2022 | Price change | $179,900-2.8%$242/sqft |
Source: NGLRMLS #1891531 Report a problem | ||
| 8/10/2021 | Listed for sale | $185,000$249/sqft |
Source: NGLRMLS #1891531 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,480 +88% | $59,800 +10.3% |
| 2024 | $787 -36.8% | $54,200 +3.2% |
| 2023 | $1,246 +4.8% | $52,500 +22.1% |
| 2022 | $1,189 +2.7% | $43,000 +14.1% |
| 2021 | $1,158 | $37,700 +3.6% |
| 2020 | -- | $36,400 -4.2% |
| 2019 | -- | $38,000 +23.8% |
| 2018 | -- | $30,700 +2% |
| 2017 | -- | $30,100 -0.3% |
| 2016 | -- | $30,200 +21.3% |
| 2014 | -- | $24,900 +4.2% |
| 2012 | -- | $23,900 -13.4% |
| 2011 | -- | $27,600 -3.8% |
| 2010 | -- | $28,700 -13% |
| 2009 | -- | $33,000 -1.8% |
| 2008 | -- | $33,600 +17.9% |
| 2007 | -- | $28,500 +11.1% |
| 2005 | -- | $25,650 |
| 2004 | -- | $25,650 +16.9% |
| 2003 | -- | $21,950 +6.6% |
| 2002 | -- | $20,600 +2% |
| 2001 | -- | $20,200 +14.8% |
| 2000 | -- | $17,600 |
Find assessor info on the county website
Neighborhood: 49633
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Nearby schools
GreatSchools rating
- 3/10Fife Lake Elementary SchoolGrades: PK-3Distance: 0.4 mi
- 3/10Forest Area Middle SchoolGrades: 4-8Distance: 3.4 mi
- 4/10Forest Area High SchoolGrades: 9-12Distance: 3.4 mi
Schools provided by the listing agent
- District: Forest Area Community Schools
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Michigan
- Grand Traverse County
- Fife Lake
- 49633
- 7632 Us Highway 131
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