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Sold for $398,000
  • $398,000

    1963 W Karen Lake Rd, Grayling, MI 49738

    3beds
    2,162sqft
    Single Family Residence
    Built in 1975
    2.07 Acres Lot
    $424,100 Zestimate®
    $184/sqft
    $2,191 Estimated rent

    Home value

    $424,100

    Estimated sales range

    Not available

    $2,191/mo

    Zestimate® history
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    What's special

    Rare opportunity to own your own riverfront paradise just minutes from downtown Grayling! Fall in love with this cozy ranch home with finished walk-out basement nestled on just over 2-acres with approx. 300' of river frontage on the East Branch of the Au Sable- perfect for a second home, full-time residence, or short-term rental investment property! Private setting bordering State Land in two directions provides a peaceful place to start making memories on nearby trails & on the water with kayaks, canoes, fishing, & more. Outside, a covered porch & 3-season room welcome visitors. Inside, all main floor rooms feature soaring cathedral ceilings with wood trim details, crisp white shiplap-style walls, & hardwood floors throughout primary spaces. Living room includes large picture window & pellet stove. Kitchen & Dining spaces offer beautiful river views with French doors leading to deck. Stainless steel kitchen appliances and washer/dryer all new in 2023 and included with sale. Primary Bedroom with ensuite bath and walk-in-closet, two additional bedrooms, and full bath with custom barn door complete the main floor. Downstairs, the finished walk-out basement includes an oversized family room with wood-burning stove, laundry facilities, powder bath (note: sink is not currently connected, space to add tub/shower if desired), & additional flex rooms that could be finished into non-conforming bedrooms or hobby/game rooms. Additional storage space in basement & 2-car detached garage with covered space in rear. Rear yard overlooks river and includes a patio (wired for hot tub), covered screen porch, 2 fire pits, covered wood storage, & more. Additional features: Electrical updated (2023), Generac Generator (2023), roof (approx. 2018), newer boiler system, water softener and filtration (included), Starlink Internet (equipment included), satellite (included), Nest smoke detectors (included), newer concrete driveway. Per Seller: TrueStream Fiber Internet coming fall '24. Some images virtually staged. Agent related to Seller.

    Zillow last checked: 7 hours ago

    Listing updated: August 02, 2025 at 06:00am

    Listed by:

    Michael Mason 248-762-5180,

    Arterra Realty Michigan LLC

    Bought with:

    Sue Whipple, 6501416177

    City2Shore Real Estate Northern Michigan

    Source: Realcomp II,MLS#: 20240057797MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Baseboard, Hot Water, Propane
    Cooling
    • Ceiling Fans
    Appliances
    • Included: Dishwasher, Dryer, Free Standing Gas Range, Free Standing Refrigerator, Microwave, Stainless Steel Appliances, Washer
    • Laundry: Laundry Room
    Features
    • High Speed Internet
    • Basement: Finished,Full,Walk Out Access
    • Has fireplace: Yes
    • Fireplace features: Family Room, Living Room, Other Fuels, Wood Burning Stove
    Interior area
    • Total interior livable area: 2,162 sqft
    • Finished area above ground: 1,232
    • Finished area below ground: 930

    Property

    Parking
    • Total spaces: 2
    • Parking features: Two Car Garage, Detached, Electricityin Garage, Garage Door Opener
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: GroundLevelwSteps
    • Patio & porch: Covered, Deck, Patio, Porch
    • Exterior features: Lighting
    • Pool features: None
    • Fencing: Fencing Allowed
    • Waterfront features: River Front
    • Body of water: Au Sable
    Lot
    • Size: 2.07 Acres
    • Features: Adjacentto Public Land, Hilly Ravine, Water View, Native Plants, Vacation Home, Wetlands, Wooded
    Details
    • Additional structures: Sheds
    • Parcel number: 040440230604000
    • Special conditions: Short Sale No,Standard
    • Other equipment: Satellite Dish

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cottage,Ranch
    • Property subtype: Single Family Residence
    Materials
    • Log, Wood Siding
    • Foundation: Basement, Block
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1975

    Utilities & green energy

    • Electric: Fuses, Generator
    • Sewer: Septic Tank
    • Water: Well
    • Utilities for property: Underground Utilities

    Community & neighborhood

    Security
    • Security features: Smoke Detectors
    Location
    • Region: Grayling

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    9/13/2024Sold$398,000$184/sqft
    Source: Realcomp II #20240057797 Report a problem
    9/6/2024Pending sale$398,000$184/sqft
    Source: Realcomp II #20240057797 Report a problem
    8/7/2024Listed for sale$398,000-0.3%$184/sqft
    Source: Realcomp II #20240057797 Report a problem
    8/2/2024Listing removed--
    Source: WWMLS #201829602 Report a problem
    7/18/2024Price change$399,000-2.7%$185/sqft
    Source: WWMLS #201829602 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,790 +42.8%$182,000 +7.8%
    2024$3,355 +1213%$168,900 +46.4%
    2023$255 $115,400 +37.5%

    Find assessor info on the county website

    Neighborhood: 49738

    Nearby schools

    GreatSchools rating
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