$7,048 Closing Credit¹
#1932674, Dennis Irelan, Listing Office: Lakeside Properties Real Estate
$469,900 List price
7434 Terrace Ave Elk Rapids, MI 49629
$5,580
Closing credit¹
3 beds
1 full
1,698 sqft
0.3 acres
$277 / sqft
House
Property details
About 7434 Terrace Ave
PUBLIC ACCESS ONLY 110' FROM BACKYARD at what is arguably the prettiest end of the lake with nearby coves, sandbars and launches. A great spot to throw a ball for the dogs, launch a kayak or paddleboard or just to hang out and enjoy. Spend your days on the 641 sq ft deck with new railing, (suitable for a hot tub with necessary wiring available from previous hot tub), while enjoying views of Elk Lake and lovely, low maintenance landscaping. Nights are beautiful on the deck too with excellent moon and sky viewing. Plenty of room for fun and frolicking in the large backyard. Concrete Pad for boat or RV parking. 26' Trailer currently on concrete pad has served as Seller's "garage" and is available for purchase with sale if desired. Pelican water whole house filtration system - only 6 years old. Two paved driveways, one off Cairn Hwy and one off of Terrace Ave. Less than 5 minutes from Maplehurst Land Conservancy Park and a great area for biking enthusiasts. Only 5 minutes to downtown Elk Rapids, 30 minutes to Traverse City. Homeowner has updated and freshened up every bit of the home with meticulous attention to details. New Anderson Windows - 2023. Upstairs secondary area offers a lovely work from home office space (flex space). An all around terrific home for any scenario! Short term rentals are permitted. Come see for yourself!
Highlights
Home typeSingle Family Residence
HeatingBaseboard, Natural Gas
StatusActive
CoolingCeiling Fan(s), Exhaust Fan, Window Unit(s)
Size1,698 sqft
BasementYes
Lot size0.32 Acres
Year built1920
MLS #78080055816
FireplaceElectric, Gas Fireplace, Wood Burning Stove
Summary
- Full Bathrooms: 1
- Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Range, Washer
- Basement: Yes
- Interior: Cathedral Ceilings, Pantry, Walk In Closets
- Fireplace: Electric, Gas Fireplace, Wood Burning Stove
- Total Bedroom Count: 3
- Heating: Baseboard, Natural Gas
- Cooling: Ceiling Fan(s), Exhaust Fan, Window Unit(s)
- List Price: $469,900
- Price/SqFt: $276
- Annual Tax Amount: $1,210
- Tax Year: 2023
- Year Built: 1920
- Living Area: 1,698 SqFt
- Lot Size: 0.32 Acres
- MLS Number: 78080055816
- MLS Name: Aspire North REALTORS
- Office Name: Traverse Real Estate
- Office Phone: (231) 590-5091
- Listing Agent: Kim Costanza
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
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Last updated on: 5/16/2025, 4:20:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$469,900
7434 Terrace Ave
$5,580
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 25, 2015 | Home Sold | $138,900 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $112,700 | $1,210 |
| 2022 | $71,100 | $1,210 |
| 2021 | $61,700 | $1,210 |
| 2020 | $63,100 | $1,248 |
| 2019 | $66,600 | $1,248 |
| 2018 | $57,700 | $1,231 |
| 2017 | $57,700 | $1,211 |
History based on county public records data.
Nearby schools
7
Lakeland Elementary School
Public District PK-5
2.3 mi
•616 Buckley St
6
Rapid City Elementary School
Public District PK-5
7.8 mi
•5258 River Road
7
Old Mission Peninsula School
Public Charter KG-6
8.1 mi
•2699 Island View Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,951. The most common annual income of people living in Elk Rapids, MI is less than $<35k. Typical family type is married, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
45%
<35k
38%
35k-100k
17%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
42%
Single, No Kids
4%
Single, with Kids
45%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
7%
<11 yrs old
6%
12-17 yrs old
9%
18-34 yrs old
38%
35-64 yrs old
40%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Figure Skating
NASCAR
Where do the neighbors shop?
Stein Mart
Dick's Sporting Goods
Kmart
Where do the neighbors go to eat?
Bob Evans
Arbys
Cracker Barrel
What do the neighbors drive?
Lincoln
Buick
GMC
What do the neighbors listen to?
News/Talk/Information
Adult Standards- Adult Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 7434 Terrace Ave
The listing price of 7434 Terrace Ave property is $469,900.
The property 7434 Terrace Ave is a house located in Elk Rapids, Michigan, 49629.
Active Listing: 7434 Terrace Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7434 Terrace Ave are: Lakeland Elementary School (GreatSchools Rating 7/10), Rapid City Elementary School (GreatSchools Rating 6/10), Old Mission Peninsula School (GreatSchools Rating 7/10), Cherryland Middle School (GreatSchools Rating 7/10), Kalkaska Middle School (GreatSchools Rating 4/10), Woodland School (GreatSchools Rating 8/10), Sunrise Academy (GreatSchools Rating 3/10), Elk Rapids High School (GreatSchools Rating 9/10), Bellaire Middlehigh School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $1,210 (source: MLS/based on county public records data).
The last sale was on August 25, 2015 for $138,900 (source: MLS/tax record).
The property at 7434 Terrace Ave has 3 bedrooms and 1 bathroom.
The property 7434 Terrace Ave is 1,698 SqFt (source: MLS/tax record).
The year of construction for 7434 Terrace Ave is 1920.
This home is located at 7434 Terrace Ave in Elk Rapids, MI and zip code 49629. This 1,698 square foot home, which was built in 1920, sits on a 0.32 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 15, 2025 and is currently priced at $469,900.
While more than 1 listings in Elk Rapids, MI in April 2025 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below. The inventory of homes for sale in Elk Rapids, MI between March and April 2025 increased by 33.3%. While the average time on the market in April 2025 was 28 days, the median list price was $435,000.
From Rocket Homes Real Estate and based on county public records data.