2199 E Bailey Road
About This Property
Please read the supplement Log Home for sale in Michigan, Michigan Log Home for sale, Log Home for sale in northern Michigan, Country Estate for sale in Northern Michigan, Land for sale in Northern Michigan, Land for sale in Michigan, Hunting Land for sale in Northern Michigan on 300 acres.
This is a One of a kind property in Northern Michigan. I've been in this business for 25 years and I've never been in a Log Home that was built with better quality or attention to detail than this home was built with. Approx. 6000 sq. ft. of living area in this spectacular Log Home that is post and beam construction with high vaulted ceilings, both indoor and outdoor fireplaces, a bar, large spacious kitchen with all of the best commercial grade appliances, and of course all custom made cabinetry throughout the home, an indoor pool and so much more. Every part of this home was custom built for this home in particular. There are no generic log home products in this home.
From the custom made stained glass doors in the cabinets, to the Petoskey stones that are inlaid into the backs of the custom built chairs, as well as the top of the counter at the bar.
The huge wrap around porch has a gorgeous wood burning fireplace to enjoy on those cool evenings and many fantastic views for your outdoor entertainment or just to enjoy during a quiet northern Michigan summer night.
Moving away from the home itself and walking the grounds of this estate you will find numerous Log Built outbuildings. A separate two bay garage and also a one bay garage building, a small cabin overlooking a pond, and a very large log built workshop that every man (and a few women) will love!
Now taking a drive throughout the property itself you will enjoy the groomed trails that are nice enough that you can drive your car or truck with no issues. The trail system is expansive and takes you through all of the rolling hills of timber that are made of Hardwoods, pine, and poplar and you will see that this property will surely hold many if not all species that inhabit northeastern Michigan. Deer, Bear, Turkeys, Grouse all call this place home.
And then for the nostalgic people out there, also included on this property in an original Sears Home and barn. Yes back in the day when Sears and Roebuck offered kit homes for sale, this is one of those original homes and sits on a corner just off of M-33 and would make a nice rental property, a guest house for your visitors, or whatever you would choose to use it as.
All of this and it also borders the Cedar Valley Golf Course off of the SE corner.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 15, 2021 | Sold | ||
| Sold | |||
| Aug 1, 2020 | Listed by Michigan Whitetail Properties | $1,400,000 | |
| Listed by Michigan Whitetail Properties | |||
| Sep 4, 2018 | No longer available | - | |
| No longer available | |||
| Jun 8, 2018 | Listed | $1,650,000 | |
| Listed | |||
| | |||
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Lodge on 158 acres has a private peaceful feeling offering country-side views, trails, gardens, ponds, and wildlife everywhere. The grounds still have the original farmhouse and barn as well as a very modern accessory building with office space and garage. There is something for every family member, from pond side reading, sitting near the outdoor fireplace under the massive covered porches, hunting, shooting clays or hitting golf balls on the driving range. Mostly furnished. The manager has listed the unit size as 7379 square feet.
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| Jul 29, 2017 | Listed | $1,795,000 | |
| Listed | |||
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Lodge on 158 acres has a private peaceful feeling offering country-side views, trails, gardens, ponds, and wildlife everywhere. The grounds still have the original farmhouse and barn as well as a very modern accessory building with office space and garage. There is something for every family member, from pond side reading, sitting near the outdoor fireplace under the massive covered porches, hunting, shooting clays or hitting golf balls on the driving range. Mostly furnished. The manager has listed the unit size as 7379 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017