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105 Chestnut St, Munising, MI, 49862

3beds
1baths
961sqft
$185,000
$193price/sqft
$1,340/moest. monthly cost
$53,600/yrincome needed

About This Home

Well-maintained 3-bedroom, 1-bath ranch-style home conveniently located just across the highway from Munising Bay and a few blocks from downtown Munising. This home can be used as your primary residence but is also currently permitted and occupied as a short-term vacation rental. A great investment property for long or short-term tenants. New roof in 2016, water heater 2018, furnace 2025, kitchen 2018. Furnishings negotiable.

Getting Around

67
WalkingSomewhat Walkable
0
TransitVery Limited Transit
63
BikeBikeable

Schools

Construction

Condition

  • Year built: 1960

Materials

  • Foundation: Basement
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Conventional Frame
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Microwave,Range/Oven,Refrigerator,Negotiable (Appliances),Electric Water Heater

Basement

  • Has basement: Yes
  • Basement: Block,Full,MI Basement,Exterior Entry,Interior Entry,Unfinished

Bathroom

  • Features: Not Applicable

Bathroom1

  • Level: Main

Bedroom1

  • Features: Carpet
  • Level: Main
  • Area: 117

Bedroom2

  • Level: Main
  • Area: 140

Bedroom3

  • Level: Main
  • Area: 72

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 3

Dining Room

  • Features: Laminate
  • Level: Main
  • Area: 117

Features

  • Flooring: Carpet,Laminate
  • Finished area below ground: 0
  • Finished area above ground: 961

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Ceiling Fan(s)

Interior Area

  • Total structure area: 1,922
  • Total interior livable area: 961 sqft

Kitchen

  • Features: Laminate
  • Level: Main
  • Area: 152

Living Room

  • Features: Luxury Vinyl
  • Level: Main
  • Area: 348

Property

Details

  • Parcel number: 0205115200600
  • Zoning description: Residential
  • Special condition: Standard

Features

  • Exterior features: None
  • Waterfront features: None
  • Frontage type: Road
  • Frontage length: 50

Lot

  • Lot size: 4,356 sqft
  • Features: Sidewalks,City Lot
  • Lot size dimensions: 50 x 71

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Lightning
Cold Wave
Hail
Inland Flooding
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in Alger County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $935$11,220
Home Insurance *$80$960
Property Taxes $137$1,644
Electricity $188$2,259
Total$1,340$16,080
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$45,942/yr
40% on housing$40,200/yr
45% on housing$35,733/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.3%
6.3%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: -2.8%
-2.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$193This listing

vs Other Active Listings

Avg $/sqft

ZIP 49862$188
Alger County$194

vs Homes Sold Last Month

Median $/sqft

ZIP 49862
Alger County$96

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-24Listed for sale$185,000
2021-03-24Listing removed--
2018-09-21Listing removed$75,000
2018-06-23Pending sale$75,000
2018-06-20Listed for sale$75,000
2012-10-22Sold$29,000
2012-08-21Price change$29,900
2012-07-14Price change$42,000
2012-06-14Price change$46,900
2012-06-08Price change$49,900
2012-04-13Listed for sale$57,500

For Sale by Agent

AgentMELINDA SAVOLA
BrokeragePICTURED ROCKS REAL ESTATE

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