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11846 W M 72 Hwy, Grayling, MI, 49738

5beds
3baths
4,700sqft
$559,900
$119price/sqft
$4,065/moest. monthly cost
$162,600/yrincome needed

About This Home

Beautiful, spacious home along the Manistee River with 185 feet of frontage! This home features 5 bedrooms and 3 bathrooms, a completely finished walkout basement, and an attached 3 car garage. With a private entrance to the basement there is an opportunity to create a bed and breakfast to bring in some extra income! There are many things to love about this home. Not only one, but two walk-in closets in the master bedroom along with access to a deck that overlooks the river! The sunroom attached to one of the downstairs bedrooms also features a beautiful view of the Manistee River. Recently install a new breakwall and will be building another deck and steps down to the river.

Getting Around

6
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

6/10
Grayling Middle SchoolGrades 5-86.7 mi
7/10
Grayling High SchoolGrades 9-125.7 mi

Construction

Condition

  • Year built: 2001

Materials

  • Foundation: Basement

Type & Style

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

Interior

Appliances

  • Appliances included: Washer,Range/Oven,Refrigerator,Microwave,Disposal,Dryer,Dishwasher
  • Laundry features: Lower Level

Basement

  • Has basement: Yes
  • Basement: Finished,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Ceiling Fan(s),Central Vacuum,Split Bdrm Flr Plan
  • Finished area above ground: 2,480

Heating

  • Heating features: Baseboard,Hot Water,Propane

Interior Area

  • Total structure area: 4,700
  • Total interior livable area: 4,700 sqft

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: 03003100704000

Features

  • Patio & porch: Deck,Patio/Porch
  • On waterfront: Yes
  • Waterfront features: River
  • Waterbody name: Manistee River

Lot

  • Lot size: 0.84 Acres
  • Lot size dimensions: 175 x 200 x 185 x 224

Parking

  • Parking features: Garage Door Opener
  • Has garage: Yes

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

  • Winter Weather
    Winter WeatherVery High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Winter Weather
Lightning
Cold Wave
Hail
Strong Wind
Wildfire

FEMA Declared Disasters in Crawford 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 $2,831$33,972
Home Insurance *$256$3,072
Property Taxes $466$5,592
Electricity $512$6,151
Total$4,065$48,780
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$139,371/yr
40% on housing$121,950/yr
45% on housing$108,400/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: 9.6%
9.6%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 2.6%
2.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$119This listing

vs Other Active Listings

Avg $/sqft

ZIP 49738$166
Crawford County$152

vs Homes Sold Last Month

Median $/sqft

ZIP 49738
Crawford County$118

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
2026-01-15Listed for sale$559,900
2023-11-21Listing removed--
2023-05-23Listed for sale$499,900
2022-10-01Listing removed--
2022-06-06Listed for sale$475,000
2022-05-06Listing removed--
2022-03-24Price change$475,000
2022-01-07Listed for sale$425,000
2021-06-04Sold$100,000

For Sale by Agent

AgentBetty Partello
BrokerageRiver Country Realty

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