DOWNTOWN BELLAIRE!

Two Large Storage Buildings/Shops

Almost two acres of land, located in the Village of Bellaire. Flat and buildable. Municipal water and sewer at Beech Street. Currently, there are two large storage buildings. One is a steel pole building, 32' x 64', with a concrete floor, 15' x 32' loft, and an attached 12' x 64' lean-to on the south side of the building. Pole building offers high ceilings, electric installed, four 12' wide overhead doors with commercial automatic overhead door lifts and one man door. The other building is a garage type 30' x 60' building with T-111 siding, concrete floors, double man doors, two 8' wide automatic overhead doors, electric, alarm system, finished walls and ceiling, lighting. Municipal water and sewer available on Beech St. Both buildings have gravel parking areas.  Click Here For More Info

$299,000

SOLD!

10-15 Minutes to Flint Fields Horse Park & Traverse City

$789,000

4bd3.5ba3,830sqft

Feel the stress melt away as you drive towards your country getaway in Williamsburg. An easy drive of just 10 minutes from TC, Elk Rapids, and Torch Lake areas. Just 5 minutes to Flintfields Horse Park! Within a couple miles of 1,000s of acres of state land. Built by the current owner, every detail was overseen, resulting in the perfect combination of comfort, convenience and care. Pulling up, you'll see a welcoming home with covered front porch, attached 2 car garage and offset by a 36 x 48 additional garage. The spacious foyer draws you into a large, light and bright living room. Around the corner is a chef's kitchen with granite counters, oak cabinets, corner window sink, handy work desk for checking those emails, and a large deck overlooking a beautiful yard, fire-pit and wooded area, perfect for entertaining. Main floor primary with large walk-in closet and luxuriously renovated bathroom. Each of the 3 levels features a large living, family or rec room space, a full bath and at least 1 bedroom. Lower level offers a large rec room complete with viewing area for catching your favorite event, pool table for flexing your skill with a pool stick (may be included with an acceptable offer!), kitchen/wet bar area (no stove), as well as a slider out to a patio complete with hot tub and nearby firepit area, and a Generac propane generator that will run about 3/4 of the house. The massive additional stand alone garage can handle even the largest collection of vehicles, boats and toys. Don't miss the opportunity to see this large beautiful home offering the best of locations in a recreation haven!

 NEW LISTING!

Downtown Alden Commercial Opportunity!

Location, Location, Location! This historic building is located right in the heart of thriving downtown Alden, just 2 blocks from the 3rd most beautiful lake in the world, Torch Lake! This building is currently being used as a retail store but could possibly be used for a variety of other retail uses. Building has been recently painted, newer HVAC system, electrical, security cameras, well point, Gorgeous original hardwood floors with beadboard and shiplap walls and ceiling. Authentic charm abounds! Some display cabinets will stay along with u-shaped counter. Square footage is 1692 sq ft for the main level which is heated and cooled and also 1,012 sq ft for the upper level which currently is not heated but could very easily be converted to add heat as the system is large enough to do so. Excellent opportunity to own a historic part of quaint Alden!                                                                                           $549,000

SOLD

 LAKE BELLAIRE WATERFRONT GEM!

Discover this stunning log home, perfect for your northern Michigan residence or vacation retreat. Featuring recent updates, including a whole-house Generac generator installed in 2023, this property offers both comfort and reliability. The home also boasts a spacious 28x32 garage with a versatile living space above. Set on over 2.5 acres, encompassing three lots within the scenic Lakes of the North association, this property provides ample privacy and natural beauty. The association offers an array of exceptional amenities, including an indoor pool with a waterslide, lazy river, and hot tub. The well-equipped workout room in the clubhouse and the beautifully maintained 18-hole golf course with a pro shop and restaurant further enhance the lifestyle offered here. Ideal for outdoor enthusiasts, this location is a snowmobiling and SxS paradise, with trails running throughout the subdivision. Make this picturesque log home your northern escape and enjoy all the recreational and relaxation opportunities it has to offer!                                                                                          $1,950,000            

TERMS AVAILABLE for these BREATHTAKING Torch Lake Views from these 2.5 acre parcels in Alden!

$179,000

Torch Lake View Parcels: 2.5acres
LAND CONTRACT TERMS AVAILABLE!

BREATHTAKING Torch Lake Views from these 2.5 acre parcels less than 1 minute to downtown Alden and Torch Lake. Experience everlasting sunsets over Torch Lake after a day of boating, swimming, kayaking, shopping, etc. Keep your toys in the old wooden barn on the property! Property would be ideal for a walkout lower level and minimal Deed Restrictions will apply and no association. Enjoy country living and you're only 1 mile to Torch Lake and downtown Alden, fine dining, skiing, golfing, boating and shopping also nearby.

 

ALDEN MEADOWS Sub- 2.5 Acre parcel Walk to Torch Lake Public Access!! $59,900

 

Residential Lots & Land: 2.5acres

Welcome to Alden Meadows! This beautiful 2.5 Acre+/- home site ready for your new "Up North" escape. Upscale homes on both sides of this great parcel. The Alden Meadows Subdivision is located within walking distance to downtown Alden and two of the largest public access points on the most beautiful lake in the country, Torch Lake or just a short walk & spend a couple hours at the association owned park on absolutely beautiful Spencer Creek!

$59,900

Walk to Shanty Creek Main Lodge, Shops, Legend & Summit Golf Courses! $65,000

This spectacular homesite overlooking the former Summit Village Shanty Creek ski hills. Walk to the Legend & Summit Golf Courses, main lodge, restaurants and shops. Club memberships available. Also has Summit Village Beach Club privileges on Lake Bellaire.  $65,000

Former Restaurant Downtown Alden

 

SOLD!   This building is located right downtown Alden with great road frontage on one of the busiest roads in Antrim County and walking distance to the Alden Harbor boat launch and boat slips. This building is setup for and previously used as the Country Kitchen/Wild Onion restaurant back in the day and a perfect opportunity to restart the tradition or a small town bakery, catering business, retail, etc. The property also offers a large gravel parking lot, 25' x 25' outdoor dining concrete patio, 2 rest rooms, furniture, fixtures, equipment and an all stone cottage with 1 bedroom, kitchen and full bath to either live in or rent for extra income. Natural gas is hooked up to the building, equipment needs to be converted from propane.                                                                  $279,900

View All Our Listings Here Click Here

For More Information Contact-

Gary R. Scheitler, CRS, RRC, RSPS, IARP, Realtor®

Owner/ Principal Associate Broker

Paradise Properties USA

9047 Helena/PO Box 398
Alden, MI  49612

Cell 231-633-2323

Off  800-977-3386

Fax  800-531-6503

SOLD! SOLD! SOLD!! 300+/- ACRE RETREAT-2 HOMES, POND, WOODS, PLANTED FIELDS GREAT HUNTING or EQUESTRIAN property!

JUST SOLD!

HUNTERS or EQUINE PARADISE! A very rare, one of a kind opportunity to own a large parcel of land with so many options. Would make a perfect hunting or corporate retreat, horse ranch, development or just a great place to get away to relax and be surrounded with all nature has to offer, (deer, turkeys, eagles, hawks, fox, grouse, pheasant, bear and more). With over 295 acres of open (some areas planted with corn and 10 apple orchards for the deer), wooded, hilly and level terrain, morel mushrooms, berry bushes, groomed and maintained trails throughout, a large pond with a water well flotation and irrigation system. Close to the Lower Chain of Lakes (Torch Lake, Elk, Skegemog, etc). Property also offers a 4br, 2.5ba, 3,000 sq ft main lodge/home with two wood/gas fireplaces and a separate 3br guest house/rental, fronts on three county roads! Sale includes the following parcels- (80 acres with guest home #004-002-003-00), (80 Acres #004-002-001-00), (10 Acres #004-002-004-30), (30 Acres #004-002-005-10), 80 Acres #004-002-002-00), (5 Acres #004-002-004-40) & (10 Acres with Lodge/home #004-002-005-00). See associate docs for legal descriptions. 4th bedroom is non-conforming in lower level. All measurements including acreage to be verified by buyer or buyers agent. MLS #1862759 See All Listing Info- "https://www.paradisepropertiesusa.com..." $1,100,000 Drone Video-https://youtu.be/XutyMFkmt40

For More Information Please Contact-

Gary R. Scheitler, CRS, RRC, RSPS, IARP, Realtor®

Owner/ Principal Associate Broker

Paradise Properties USA

9047 Helena/PO Box 398
Alden, MI  49612

Cell 231-633-2323

Off  800-977-3386

Fax  800-531-6503

 

SOLD!!! 170'+ ELK LAKE SUNSETS-PRIVATE WATERFRONT LOT!

Experience everlasting sunsets over Elk Lake from this wonderful Eastern shore lot. Lot offers great privacy and seclusion with over 170' of private frontage. Boat to the famous Torch Lake Sandbar or any one of the other "Lower Chain of Lakes" right from your own beach!

                                                                  Please Click Here to View Listing                                     $350,000

SOLD!! CLAM LAKE 2Br/2Ba WATERFRONT CONDO W/BOAT SLIP! SOLD!!! SOLD!!! SOLD!!!

Rare opportunity to own a beautiful, Clam Lake waterfront, double lower condo unit and a boat slip! This fine condo offers spectacular lake views, 2 bedrooms, 2 full baths, living area and a kitchen. Enjoy maintenance free living and boat the entire lower chain of lakes! Close to Dockside, Shorts Brewery, Alden, Shanty Creek Resort and Bellaire. Would also make a great vacation rental! Association dues cover utilities (including electric heat), Wi-Fi, common area maintenance including lawn care and snow removal.

                                                                  SOLD!!! SOLD!!! SOLD!!!

SOLD!! TORCH LAKE HOME W/SANDY BEACH-SUNSETS!!! SOLD! SOLD! SOLD!

Beautiful Torch Lake Waterfront, Endless Sunset views from this Home offers sandy beach frontage on the most beautiful lake in the country! This ranch home has 2400+/- sq ft, 3BR, 3BA, fireplace, master bedroom suite with private bath & jetted whirlpool tub and walk-in closet, 4 season sun porch, large multi level lakeside deck for entertaining, 2 car attached garage, back up automatic propane generator, whole house fan, central air, forced air heat and electric ceiling radiant heat. Plus a large 40 x 30 pole barn to keep all your toys. Private electric boat hoist and shared dock. Keep your boat right out in front of your home.

SOLD-SOLD-SOLD!!

                                                                          Click Here to View Listing                            $539,900

SOLD!! GREEN LAKE CUSTOM LOG HOME! SOLD!!! SOLD!!! SOLD!!!

The moment you step out of your vehicle, you'll experience the true "up north" feeling of relaxation, eagles, deer, wildlifegalore! This magnificent custom log home is located in a gated, wooded and very private waterfront community amongother high quality homes. This wonderful home offers many detailed master pieces like the hand carved wood entrancedoor; outdoor waterfalls, ponds, and gardens; a custom kitchen with granite counters, island and stainless appliances;tiger hardwood flooring; a soaring river rock floor to ceiling wood burning fireplace; main floor master suite with it's ownprivate bath; 2 awesome lake view bedrooms on the upper level; lower level family room with a wood burning fireplace,bathroom and a 15' x 12' dog kennel! Enjoy your days on the beautiful DNR stocked, no wake, Green Lake or from yourvery own private dock. Top off your evening sitting next to the outdoor wood burning fireplace or the waterfront deck!Property legal description offers 220' of private frontage on Green Lake and 75' of private frontage on Lost Lake.
                                                        
                                                                     SOLD!!! SOLD!!! SOLD!!!

Downtown Alden on Torch Lake!!

Beautiful Downtown Alden on Torch Lake!!

4 Housing Predictions for the Rest of 2016

      |

^-AA⁺A

 MONDAY, APRIL 25, 2016

Freddie Mac economists are still upbeat about the housing market’s outlook for the rest of the year, despite recent data that showed a gloomier first quarter in economic growth than originally projected. According to Freddie Mac's April outlook, housing will “maintain its momentum in 2016 and be an economic engine of growth."

"We've revised down our forecast for economic growth to reflect the recent data for the first quarter, but our outlook for the balance of the year remains modestly optimistic for the economy,” says Sean Becketti, Freddie Mac’s chief economist. “However, we maintain our positive view on housing. In fact, the declines in long-term interest rates that accompanied much of the recent news should increase mortgage market activity, particularly refinance."

Economists made the following predictions for the remainder of 2016:

• Employment: The labor market is expected to stay strong. The unemployment rate is projected to drop back below 5 percent for 2016 and 2017. “Stronger economic growth for the remainder of 2016 and reduced slack in the labor market will drive wage gains above inflation, though the gains are likely to be modest,” Freddie’s report notes.
• Mortgage originations: Loan originations are estimated to rise by $50 billion in 2016 and reach $1.7 billion. The forecasted boost is a result of low mortgage rates that are fueling a refinancing boom.  
• Mortgage rates: Low mortgage rates are expected to stick around longer. The 30-year fixed-rate mortgage averaged 3.7 percent in the first quarter. “After lowering the forecast for subsequent quarters by a tenth of a percent, expect rates to average 4 percent in 2016,” Freddie Mac researchers note.
• Housing prices: Home prices will rise by 4.8 in 2016 and by another 3.5 percent in 2017, Freddie Mac researchers predict. These rising home prices will lead home owners’ to see more equity gains.

Source: Freddie Mac

Home Prices Surge to Fastest Pace in Year

DAILY REAL ESTATE NEWS | TUESDAY, MARCH 24, 2015

Existing-home sales showed some improvement in February, but remain constrained by low inventories of homes for-sale that are pushing price growth to the fastest pace in a year, according to the National Association of REALTORS®.

"Insufficient supply appears to be hampering prospective buyers in several areas of the country and is hiking prices to near unsustainable levels," says Lawrence Yun, NAR’s chief economist. "Stronger price growth is a boon for home owners looking to build additional equity, but it continues to be an obstacle for current buyers looking to close before [mortgage] rates rise."The median existing-home price for all housing types was $202,600 in February – 7.5 percent higher than a year ago.

Mortgage rates, for now, continue to hover near historical lows. The 30-year fixed-rate mortgage averaged 3.71 percent in February, according to mortgage giant Freddie Mac.

"With all indications pointing to a rate increase from the Federal Reserve this year – perhaps as early as this summer – affordability concerns could heighten as home prices and rents both continue to exceed wages," says Yun. Indeed, an NAR study earlier this month found a widening gap between rent and income growth across the country, which is making it more difficult for renters to become home owners.

Here are some more findings from NAR's latest housing report:4 Stats to Gauge the Market

1. Existing-home sales: Existing-home sales rose 1.2 percent month-over-month, reaching a seasonally adjusted annual rate of 4.88 million in February. Sales are 4.7 percent higher than a year ago.

2. Housing inventory: Housing inventories rose 1.6 percent to 1.89 million existing-homes for-sale in February, but remain 0.5 percent below a year ago. Unsold inventory is at a 4.6-month supply at the current sales pace. Most economists consider a 6-month supply healthy for the market.

3. Distressed sales: Foreclosures and short sales comprised 11 percent of sales in February, down from 16 percent a year ago. In February, 8 percent of sales were foreclosures, and 3 percent were short sales. On average, foreclosures sold for a discount of 17 percent below market value (in January, it was 15 percent) and short sales were discounted by 15 percent on average (from 12 percent in January).

4. Days on the market: Properties were on the market for 62 days, on average, in February, down from 69 days in January. Short sales were on the market for the longest – 120 days. Foreclosures tended to sell in 58 days and non-distressed homes took 61 days. Thirty-four percent of homes sold in February were on the market for less than a month, according to NAR’s report.

By Region

The following is an overview of how sales fared in February across the country:

• Northeast: existing-home sales plunged 6.5 percent to an annual rate of 580,000, but are 3.6 percent above year ago levels. Median price: $241,800, up 3.3 percent year-over-year.
• Midwest: existing-home sales were mostly unchanged from January at an annual level of 1.08 million, but are 4.9 percent higher than February 2014 levels. Median price: $152,900, up 8.8 percent from a year ago.
• South: existing-home sales rose 1.9 percent to an annual rate of 2.11 million last month, and are 6 percent higher than year ago levels. Median price: $177,900, up 8.5 percent from a year ago.
• West: existing-home sales increased 5.7 percent to an annual rate of 1.11 million in February, and are 2.8 percent above a year ago. Median price: $290,100 -- 4.2 percent above February 2014.

Source: National Association of REALTORS®

Both Home Prices and Affordability on the Rise

DAILY REAL ESTATE NEWS | WEDNESDAY, FEBRUARY 18, 2015

The spring market will likely be a hotter one this year, as low interest rates and a healthier economy lure more home buyers to the marketplace. 

NAR's latest housing report:Tight Supplies Put Home Prices on the Move

“Interest rates below 4 percent, rising rents, and healthier local job markets are convincing more consumers to consider home ownership,” Chris Polychron, National Association of REALTORS® president, said in a recent news release showing fourth-quarter 2014 home prices moving up. 

An increase in the national family median income (to $65,782) mixed with low interest rates slightly improved affordability in the fourth quarter compared to the previous quarter, NAR reports. Affordability improved despite the national median single-family home price moving up to $208,700 in the fourth quarter, an increase of 6 percent year-over-year.

“Low interest rates helped preserve affordability last quarter, but it’ll take stronger income gains and more housing supply to help meet the pent-up demand for buying,” says Lawrence Yun, NAR’s chief economist.

To purchase a single-family home at the national median price, a buyer making a 5 percent down payment would need an income of $45,863. A 10 percent down payment would require an income of $43,449, and $38,621 would be needed for a 20 percent down payment.

The following were the five lowest-cost housing markets in the fourth quarter:

1. Youngstown-Warren-Boardman, Ohio: $78,000
2. Rockford, Ill.: $86,800
3. Toledo, Ohio: $87,100
4. Decatur, Ill.: $90,400
5. Cumberland, Md.: $90,500

Source: National Association of REALTORS®

List Hub Cuts Off Zillow and Trulia!

Good morning,

Here are today’s rates and commentary:

CONF 30YR FRM*   CONF 15YR FRM*   FHA 30YR FRM*  JUMBO 30YR FRM*

3.500% Rate             2.875% Rate            3.250% Rate          3.500% Rate

3.542% APR              2.914% APR             3.299% APR           3.512% APR

0.000 Points              -0.250 Points           0.125 Points          0.000 Points

What's Driving Rates?

Germany expects negotiations with Greece to drag on until the current round

 of bailout funding runs out and is prepared to play a waiting game until April or

 May, when the country approaches a cash crunch, a person familiar with the 

matter said. Greece would not immediately go bankrupt at the end of February

 because it has resources to last beyond that point and Germany is ready to wait 

until there is a more urgent financing need to strengthen its bargaining position, 

said the person, who asked not to be identified discussing internal talks.

Have a great day.

Tammy Ranger-Mortgage Loan Officer

NMLS# 685286

Lake Michigan Credit Union

310 W. Front Street

Traverse City, MI 49684

P: (231) 932-6284

F: (231) 932-6298

C: (231) 218-1161
Send Secure Email

E: Tammy.Ranger@lmcu.org