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Manitou Beach-Devils Lake 49253
4397 Shady Drive
$362,500
● House - Off Market

4397 Shady Drive

Manitou Beach, MI 49253
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,420 Ft²
$409,132
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Devils Lake! Charming. Romantic. Quaint! Rare find in mint condition & at this level of finish! Secluded on a quiet peninsula. Enjoy this beautiful 3 bedroom, 1 1/2 bath log home, with all the charm of the original cottage. Beautiful, large living room with fireplace. Dining with tons of windows. Cozy loft! Beautiful great room additional. Wonderful 1.5 lots with room to build a carriage house.  Great deck for relaxing and entertaining. Lake views and lake access directly across the street. New roof, Furnace, Central Air, On-Demand Water Heater. Large yard flat lot , with plenty of room for playing and parking. Beautiful views directly across from the home. 7-foot platted alley access - dock in place.
Unit Size
1,420 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$282
Property Type
House
Property Taxes
$322
HOA Dues
-
Year Built
1999

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 3 years ago (MichRIC MLS #21103905)

Price History

Date / Event Date Event Price
Jul 20, 2022 Sold
Premium
Sold
Aug 31, 2021 Listed by RE/MAX IRISH HILLS REALTY $399,900
Listed by RE/MAX IRISH HILLS REALTY

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 26
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 1,382
  • Building Area: 1,382
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,382
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FINCH POINT
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: S 1/2 OF LOT 14 AND ALL OF LOT 15 FINCH POINT

Neighborhood

  • School District Name: Addison Community Schools
  • School Tax School District: SCH: 46020
  • Census Tract: 060401

Geography

  • District: WD0
  • Parcel: WD0-605-0142-00
  • Lot: 14-15
  • Municipality: WOODSTOCK TWP
  • Latitude: 41.9933
  • Longitude: -84.2839

    Address

  • Full Address: 4397 Shady Dr
  • Address - House Number: 4397
  • Address - Street Name: Shady
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Manitou Beach
  • Carrier Code: R002
  • 4-Digit Zip Code: 9624
  • Zip Code: 49253

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.1074
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 89
  • Final Value: 380,140
  • High Value: 420,970
  • Low Value: 339,311

    Market Valuation

  • Market Total Value: $199,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $99,800

    Sales

  • Current Sale Contract Date: Oct 12, 1993
  • Current Sale Recording Date: Oct 12, 1993
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Manitou Beach-Devils Lake

Stats & Trends

Median Asking:

$695,000

Sale Price/ft²

$331

Below Asking

0.06%

Average Days on Market

98

Average Home Size

1680 ft²

Average Home Age

58 years

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

Nearby Rentals

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MichRIC

Listed by: Mark Riggle, RE/MAX IRISH HILLS REALTY
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21103905
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 4397 Shady Drive built and last sold?
The property at 4397 Shady Drive was built in 1999 and last sold on Oct 12, 1993 for $0.
How much is this home worth?
The estimated value of the home located at 4397 Shady Drive is $0.
What are some comparable homes to 4397 Shady Drive?
There are currently no comparable homes to 4397 Shady Drive.
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