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309 E Etherington St #2, Mackinaw City, MI, 49701

2beds
0baths
782sqft
$82,900
$106price/sqft
$713/moest. monthly cost
$28,520/yrincome needed

About This Home

Second floor unfinished condo project for sale in Mackinaw City. This is part of Island Passage Condominium Association and is a free-standing Condominium unit. Walking distance to downtown, nearby parks/beaches and Shepler's Gateway to Mackinac Island. This could be an ideal purchase for a licensed builder/contractor. The unit is partially framed to be a 2 bedroom "apartment" condo and includes a finished one car garage bay. The original structure was believed to have been built in 1909 according to a letter found inside a wall on the main floor during removal of the old plaster and lathe. The original framework is constructed of full 2" X 4" studs for the walls on the main floor, utilizing a balloon-frame design with the lumber being from Cecil Bay. Plans were changed when our Mother passed away as she owned the main floor of this 2-unit house that has been a work-in-progress as a summer home for many years. Now I own the lower unit together with my Sister and it is "gutted" as well and waiting for the funds available from the proceeds of this sale to complete. Many possibilities here that can be discussed. The interior photos shown here were taken in order of the progress that has been made so far. Message me with questions or to schedule a tour.

Getting Around

61
WalkingSomewhat Walkable
0
TransitVery Limited Transit
59
BikeBikeable

Schools

8/10
Mackinaw City K-12 SchoolGrades K-120.9 mi

Construction

Condition

  • Year built: 1909

Type & Style

  • Home type: Condo

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2

Interior Area

  • Total interior livable area: 782 sqft

Property

Details

  • Parcel number: 012I0300000200

Parking

  • Parking features: Garage

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 WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Lightning
Tsunami

FEMA Declared Disasters in Cheboygan 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 $419$5,028
Home Insurance *$46$552
Property Taxes $60$720
Electricity $188$2,259
Total$713$8,556
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$24,445/yr
40% on housing$21,390/yr
45% on housing$19,013/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: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$106This listing

vs Other Active Listings

Avg $/sqft

ZIP 49701$192
Cheboygan County$205

vs Homes Sold Last Month

Median $/sqft

ZIP 49701
Cheboygan County$131

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
2026-07-19Price change$82,900
2026-07-08Price change$87,900
2026-06-17Price change$92,900
2026-05-23Listed for sale$97,900
2021-06-17Sold$30,000

For Sale by Owner

AgentProperty Owner

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