509 W 1st St, Cheboygan, MI, 49721
About This Home
Welcome to 509 W First St! This 4-bedroom, 2-bath home is perfectly located just a short walk from the city beach, shops, restaurants, the farmers market, and the movie theater. Spend your days fishing, boating, or simply enjoying a stroll along the water—it's all right at your doorstep. Inside, the home offers plenty of space for comfortable living. There is one bedroom conveniently located on the main floor, with three bedrooms upstairs, along with a cozy area perfect for a TV or family hangout. The kitchen and dining area feature new flooring, while the rest of the home has a warm, inviting layout that works well for families, friends, or anyone who loves entertaining. It is more than just a house—it's a home where you live, relax, and make lasting memories in the heart of Cheboygan.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1940
Materials
- Foundation: Basement
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Washer,Range/Oven,Refrigerator,Dryer,Dishwasher
Basement
- Has basement: Yes
- Basement: Michigan/Utility
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Finished area above ground: 1,886
Heating
- Heating features: Baseboard,Natural Gas
Interior Area
- Total structure area: 2,216
- Total interior livable area: 2,216 sqft
Property
Details
- Parcel number: 053M2900700200
Features
- Stories: 2
- Frontage type: None
Lot
- Lot size: 6,534 sqft
- Lot size dimensions: 66 x 99
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
- Inland Flooding
- Lightning
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Cheboygan County and Michigan
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,006 | $12,072 |
| Home Insurance * | $122 | $1,464 |
| Property Taxes | $144 | $1,728 |
| Electricity | $241 | $2,900 |
| Total | $1,513 | $18,156 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-09-11 | Listed for sale | $199,000 |
| 2022-08-15 | Sold | $150,000 |
| 2022-06-01 | Listed for sale | $155,500 |
| 2013-06-17 | Sold | $25,000 |
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