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8540 W Silver Lake Road, Mears, MI 49436

$547,500
Single Family Home 7 Beds 4 Baths 2,373 Square Feet Taxes: $9,521.00 Built in 1950 1 Fireplaces Type: Single Family Residence Listed on 04/26/2016 MLS # 16018782

Description of 8540 W Silver Lake Road, Mears, MI 49436

3 rental cottages on 1 Silver Lake waterfront lot. Owners paid $550,000 and put over $100,000 into these cottages. Dock. Great swimming, boating & fishing lake. Cottages all have a great view of the dunes & lake. Weekly summer rentals at $4650 for all 3 together to sleep 20 people in 6 bedrooms, 4 baths, 1 laundry, 3 kitchens, 3 lakeside decks or patios. Legal is lots 13 & 36 (beach front) of Adelia Beach. One 2 bedroom, 1 bath cottages with new flooring. Plus a 3 bedroom, 2 bath with laundry connected to another 3 bedroom/sleeping loft. $15,000 new septic installed April 2017. 2017 rental income $50,918. 2016 rentals totaled $50,294. Over $50,000 in bookings for 2016 season. Seller is licensed Real Estate Agent loft and 1 bath unit. 2016 summer income booked is $33,105 as of 4/25/2016.

Directions to 8540 W Silver Lake Road, Mears, MI 49436

Between Mac Dune Rides/Silver Lake State Park Campgrounds & The circular/Craigs Crusisers.

Features of 8540 W Silver Lake Road, Mears, MI 49436

  • School district: Hart
  • Family Room Level: M
  • Master Bedroom Level: M
  • Bedroom 2 Level: M
  • Bedroom 3 Level: M
  • Bedroom 4 Level: M
  • Bedroom 5 Level: M
  • Dining Level: M
  • Kitchen Level: M
  • Living Room Level: M
  • Laundry Room Level: M
  • Bedrooms on main floor: 7
  • Full baths on main floor: 4
  • Washer
  • Dryer
  • Range
  • Oven
  • Microwave oven
  • Dishwasher
  • Refrigerator
  • Fireplace in living room
  • Ceiling fan(s)
  • Central air
  • Forced air heat
  • Natural gas heat
  • Automatic garage door opener
  • Wood exterior
  • Deck
  • Lot acreage is: 0.4000
  • Lot dimension is: 60 x 37 x 50 x 250
  • Waterfront lot
  • Waterfrontage: 60.00
  • Road frontage: 60.00
  • Cable television available
  • Wood floors
  • Kitchen island
  • Composition roof
  • Crawlspace
  • Paved driveway
  • Unpaved driveway
  • Well water
  • Septic system
  • Total finished square feet: 2373.00
  • Square feet main floor: 2373.00
  • Property style: cottage
  • Tax year: 2016

Courtesy of: Coldwell Banker Schmidt Realtors Andrea L Crossman

Mortgage Payments for 8540 W Silver Lake Road, Mears, MI 49436

The approximate monthly Principal & Interest payment for this property would be $3,118. This payment is based on a 30-year loan at a fixed rate of 3.90 % with a down payment of $54,750. Actual lender interest rates and loan programs may vary.

Use our Mortgage Payment Calculator to determine a more exact payment estimate.

Homes for Sale Nearby 8540 W Silver Lake Road, Mears, MI 49436

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Copyright 2017 MichRIC, LLC All rights reserved.
Data Last Updated 11/22/2017