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20366 Elsden St, Onaway, MI, 49765

1beds
1baths
640sqft
$149,900
$234price/sqft
$1,160/moest. monthly cost
$46,400/yrincome needed

About This Home

A Turn-Key Treasure in Onaway! Nestled on a quiet, walkable side street in the heart of Onaway, this charming 1-bedroom, 1-bath bungalow was built in 2023 and thoughtfully improved since. Situated on a spacious corner lot just blocks from downtown shops, restaurants, parks, and everyday conveniences, it offers the perfect blend of low-maintenance living and small-town charm, with everything you need close at hand. The home features approximately 640 square feet of efficient living space, a detached one-car garage, durable vinyl siding, a metal roof, tankless water heater, and luxury vinyl plank flooring, designed for years of worry-free ownership. Since purchasing the home in 2024, the current owner has invested over $6,000 in brand-new appliances, all of which are included in the sale. In 2025, a new asphalt driveway and walkway were added, providing convenient access from the garage to the home and road. Located less than 10 minutes from Black Lake, Onaway State Park, and endless opportunities for boating, fishing, and outdoor recreation, this property would make an excellent year-round residence, retirement home, weekend getaway, or investment property. The seller is relocating, offering a wonderful opportunity to own a nearly new home with many of the big-ticket improvements already completed. This recent build is a rare find, featuring new appliances, a recently installed asphalt driveway, modern finishes, and a desirable in-town location, all with a competitive market price. With limited housing inventory in the area, opportunities like this don’t come along often. Contact me by call or text to schedule a showing, with same-day showings available.

Getting Around

35
WalkingCar-Dependent
0
TransitVery Limited Transit
40
BikeSomewhat Bikeable

Schools

3/10
Onaway Elementary SchoolGrades K-50.9 mi
5/10
Onaway Middle SchoolGrades 6-80.9 mi
4/10
Onaway Senior High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 2023

Materials

  • Roof: Metal

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dryer,Freezer,Microwave,Range / Oven,Refrigerator,Washer

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Linoleum / Vinyl
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Baseboard,Stove,Electric,Gas
  • Cooling features: None

Interior Area

  • Total interior livable area: 640 sqft

Property

Details

  • Parcel number: 16004000002600

Features

  • Exterior features: Vinyl
  • Has view: Yes
  • View description: None
  • Topography of land: Flat

Lot

  • Lot size: 7,919 sqft

Parking

  • Total spaces: 5
  • Parking features: Garage - Detached

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 WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Lightning
Cold Wave
Hail
Inland Flooding
Tsunami

FEMA Declared Disasters in Presque Isle 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 $757$9,084
Home Insurance *$109$1,308
Property Taxes $106$1,272
Electricity $188$2,259
Total$1,160$13,920
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$39,771/yr
40% on housing$34,800/yr
45% on housing$30,933/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: 7.6%
7.6%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.5%
0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$234This listing

vs Other Active Listings

Avg $/sqft

ZIP 49765$84
Presque Isle County$143

vs Homes Sold Last Month

Median $/sqft

ZIP 49765
Presque Isle County$65

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)

No zestimate history available

Price History

DateEventPrice
2026-08-10Price change$144,900
2026-06-22Listed for sale$149,900
2024-05-09Sold$112,900
2024-05-04Pending sale$112,900
2024-02-12Price change$112,900
2024-01-13Price change$114,900
2024-01-02Listed for sale$119,000
2023-06-27Listing removed--
2023-05-23Listed for sale$63,720
2018-10-04Sold$1,500
2018-05-23Listed for sale$2,200

For Sale by Owner

AgentProperty Owner

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