$189,500
2 beds 2 baths 1,302 sq. ft.
47.469903941 -88.035535093
FOR SALE

11199 M26 Eagle Harbor, MI 49950

$189,500
Est. Monthly $671 recalculate
2 beds 2 baths 1,302 sf
 

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906.­482.0001
CENTURY 21 North Country Agency
1100 Century Way, Suite C Houghton, MI 49931
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11199 M26
Eagle Harbor, MI 49950

Explore This Property

Single Family Detached - Agate Harbor - Keweenaw County - Lake Superior! Retreat to your cottage with water frontage on the sheltered South Bay of Agate Harbor with easy access to Lake Superior! This 2 bedroom cottage; which comes with many furnishings to get you started, has year round access off of Lakeshore Drive/Highway M26 and is close to Copper Harbor, Brockway Mountain, the Keweenaw's recreational and biking trails, Mount Bohemia and more! But....you don't even have to go very far at all to appreciate nature as being a shareholder of the Agate Harbor Land Pool you can enjoy approximate 500 acres (commonly owned by owners of the Land Pool) of wooded land to explore. The floor plan of this cottage is quite open and very fitting for a lot of fun gatherings with family and friends. The living room and deck have a beautiful expansive view of the bay and absolutely gorgeous sunsets looking towards Lake Superior. The cedar lined sauna has a shower area. The setting is very natural and has thimbleberry bushes. Agate Harbor Land Pool Board approval for sale required. Agate Harbor Land Pool use restrictions apply. Stock in Land Pool goes w/sale. Land Pool has First Right of refusal. See list of personal property that is included with the property. Notice: (from bylaws) 17. No lien, mortgage, security interest,encumbrance or trust may be placed or imposed on any leased lot, or on any structure or improvement thereon. Mortgages are permitted on lots owned by shareholders, on any structure or improvement thereon, and on any share or shares of the associated Agate Harbor Land Pool, Inc. common stock subject to the following restrictions: Mortgages shall be limited to the lower of 50% of: 1) the value as determined by a certified appraiser in a written appraisal dated within 60 days of the date of the application or; 2) the sales price of the property. Reverse mortgages shall be limited to 25% of the certified appraised value of the property. Any shareholder seeking a mortgage shall obtain the approval of the Board of Directors by providing documentation which demonstrates that the proposed mortgage meets this rule. In addition, the shareholder shall reimburse the Agate Harbor Land Pool for any out-of-pocket costs it incurs related to the mortgage approval process. The Agate Harbor Land Pool Board of Directors may grant exceptions to these limitations only by majority vote of the Board and only prior to the imposition of any lien, mortgage, encumbrance or trust. No transfer to any Trust shall be permitted unless:1) The Trustee (and all Successor Trustees) is an individual lot owner or the spouse or child of a lot owner; 2) the sole trust beneficiary(s) entitled to reside on the property are the spouse or child(ren) of the Trustee; and 3) the Trustee and Successor Trustees acknowledge, in writing, the transfer and use restrictions applicable to the property.
MLS # 1121552
Listed By CENTURY 21 North Country Agency
1100 Century Way, Suite C, Houghton, MI 49931

Property Features

  • Cooling: Wall Unit A/C
  • Exterior Description: Other
  • Fireplace Description: Fireplace
  • Location: Waterfront
  • Lot Size: 0.83 Acres
  • Style: Cottage
  • Views: Lake & Stream

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 3.38% APR
    $671Your estimated monthly payment
    $37,90020% Down Payment
    $189,500 $151,600
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    C.L.K. ELEMENTARY SCHOOL
    Grades K-5 | Public School

    Calumet, MI 49913
    57070 MINE ST
    906-337-0311
    24.6
    miles

    Total Students 612
    Student Teacher Ratio 18:1

    School Rating

    3 stars View School Details
    Middle School
    WASHINGTON MIDDLE SCHOOL
    Grades 6-8 | Public School

    Calumet, MI 49913
    57070 MINE ST
    906-337-0311
    24.6
    miles

    Total Students 320
    Student Teacher Ratio 16:1

    School Rating

    4 stars View School Details
    High School
    CALUMET HIGH SCHOOL
    Grades 9-12 | Public School

    Calumet, MI 49913
    57070 MINE ST
    906-337-0311
    24.6
    miles

    Total Students 392
    Student Teacher Ratio 17:1

    School Rating

    2 stars View School Details
    CHS-HORIZONS SCHOOL
    Grades 9-12 | Public School

    Calumet, MI 49913
    57070 MINE ST
    906-337-4611
    24.6
    miles

    Total Students 74
    Student Teacher Ratio 13:1

    School Rating

    1 star View School Details

    Local Area Information for Mohawk, MI 49950

    Median Age: 57.2
    Married: 49.7%
    Number of Households: 523
    Households with Children: 75
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed.
      This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
      † Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.