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10586 North Straits Highway

10586 North Straits Highway, Cheboygan, MI 49721
Property in Inverness
Sold Jul 03, 2012
$175,000
$192,000 by Mbank
Mortgage Due Jan 01, 2050
Sold May 20, 2000
$155,000
This has been categorized as a residential property type. In total, the area measurement of the land is 22,216 square feet.

Learn more about the property and building on this page. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 10586 North Straits Highway was last sold in Jun 27, 2012 for $175,000. Prior to that sales transaction, the property was sold for $155,000 in May 20, 2000. Current property owners are expected to pay $1,946 in taxes per year. The property on 10586 North Straits Highway was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $153,900. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 22,216
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: S8T37NR1W; NW4 S7T37NR1W
  • Land Acres: 0.51
  • Standard Land Use Code: Single family residential
  • Legal Description 1: COM AT 1/4 COR BETW SECS 7 & 8, T37N,R1W; TH N 0D 30M E ALG SEC LI 407.53FT TOPOB; TH S 89D 27M E 118.73FT TO BANK OF

Ownership

  • Current Owner : LADOCHI MICHAEL
  • Previous Owner : ELLINGER PAUL L
  • Previous Owner 2: ELLINGER TANNA J
  • Owner Before Previous Owner: CHARBONEAU ORVAL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cheboygan Area Schools
  • School Tax School District: CHEBOYGAN
  • Census Tract: 960300

Geography

  • District: 091
  • Parcel: 092-007-200-069-00
  • Lot: 1
  • Meridian: SEC 07 TWN 001 RNG 01W
  • Municipality: INVERNESS
  • Latitude: 45.6132
  • Longitude: -84.474

    Address

  • Full Address: 10586 N Straits Hwy
  • Address - House Number: 10586
  • Street Direction: N
  • Address - Street Name: Straits
  • Address - Suffix Type: Hwy
  • State: MI
  • City Name: Cheboygan
  • Carrier Code: R007
  • 4-Digit Zip Code: 9005
  • Zip Code: 49721

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,946
  • Tax Rate Code Area: 91

    Appraisal Valuation

  • Standard Deviation: 0.2562
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 63
  • Final Value: 399,264
  • High Value: 501,571
  • Low Value: 296,957

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $206,400
  • First Open Lien Mortgage Lender: MBANK
  • First Open Lien Mortgage Recording Date: May 11, 2020
  • First Open Lien Mortgage Loan Amount: $192,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2050
  • Second Open Lien Mortgage Lender: MBANK
  • Second Open Lien Mortgage Recording Date: Jun 25, 2020
  • Second Open Lien Mortgage Loan Amount: $14,400
  • Second Open Lien Mortgage Term: 174
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2035

    Market Valuation

  • Market Total Value: $307,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $153,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 27, 2012
  • Current Sale Recording Date: Jul 03, 2012
  • Current Sale Transaction ID: 1087261018
  • Current Sale Price: $175,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: May 20, 2000
  • Previous Sale Contract Date: May 20, 2000
  • Previous Sale Amount: $155,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIZENS NATIONAL BANK OF CHEB
  • First Mortgage Transaction Date: Jul 03, 2012
  • First Mortgage Loan Amount: $148,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Jul 01, 2042

About Cheboygan



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Frequently Asked Questions

What neighborhood is 10586 North Straits Highway located in?
The 10586 North Straits Highway is a located in the neighborhood of Inverness in Cheboygan, Cheboygan.
What is the average sales price for listings in 10586 North Straits Highway?
The average sales price for units in 10586 North Straits Highway is $0 currently.

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