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301 S Cherry St, Kalkaska, MI, 49646

5beds
2baths
2,300sqft
$70,000
$30price/sqft
$692/moest. monthly cost
$27,680/yrincome needed

About This Home

Opportunity awaits with this spacious 5-bedroom, 3-bathroom property located in the Village of Kalkaska. Featuring a detached garage and a bonus building that was previously operated as a beauty shop, this property offers exceptional potential for investors, contractors, flippers, or buyers looking to create substantial equity through renovation. This home is in need of significant repairs and updates, including a roof replacement, new windows, and a complete interior renovation, making it an ideal project for those with vision and ambition. A newer furnace installed in 2018 provides a head start on improvements already completed. Situated on a generous village lot with ample space for storage, hobbies, or future improvements, this property presents a rare opportunity to restore and reimagine a large home with flexible-use bonus space. Bring your tools, creativity, and renovation dreams—this property is ready for its next chapter. Property is being sold as-is.

Getting Around

54
WalkingSomewhat Walkable
0
TransitVery Limited Transit
46
BikeSomewhat Bikeable

Schools

4/10
5/10
Kalkaska Middle SchoolGrades 6-80.8 mi
7/10
Kalkaska High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1900

Materials

  • Construction materials: Wood Frame/Site Built

Type & Style

  • Home type: SingleFamily

Interior

Basement

  • Has basement: Yes
  • Basement: Michigan,Partial

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Wood

Heating

  • Heating features: Natural Gas,Forced Air

Interior Area

  • Total interior livable area: 2,300 sqft

Property

Details

  • Parcel number: 04172200100

Features

  • Levels: Two Or More

Parking

  • Parking features: Detached Garage
  • Has garage: Yes
  • Covered spaces: 1

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

  • Cold Wave
    Cold WaveVery High
  • Winter Weather
    Winter WeatherVery High
  • Lightning
    LightningRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Lightning
Hail
Inland Flooding
Strong Wind
Tornado

FEMA Declared Disasters in Kalkaska 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 $353$4,236
Home Insurance *$24$288
Property Taxes $65$780
Electricity $250$3,010
Total$692$8,304
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$23,725/yr
40% on housing$20,760/yr
45% on housing$18,453/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: 11.8%
11.8%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$30This listing

vs Other Active Listings

Avg $/sqft

ZIP 49646$152
Kalkaska County$255

vs Homes Sold Last Month

Median $/sqft

ZIP 49646$180
Kalkaska County$180

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
2026-07-21Price change$70,000
2026-07-14Price change$80,000
2026-07-09Price change$90,000
2026-06-24Listed for sale$100,000
2010-06-30Sold$32,000

For Sale by Agent

AgentSarah Jones
BrokerageKey Realty One

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