507 River Street
Luther, MI, 49656 $ 149,900
Bedrooms1 Baths2.0 Sq 784 Monthly Estimate*
$ 923
for $149,900 with 1 bedroom and 2 full baths. This 784 square foot home was built in 1900 on a lot size of 0.4.
Looking for an affordable Up North getaway, year-round home, or investment property with extra living space? This beautifully maintained and recently updated 1-bedroom, 1-bath home in the Village of Luther offers far more than meets the eye! The main home features 784 square feet of comfortable living space, highlighted by a cozy fireplace, numerous recent updates, and a whole-house backup generator for added peace of mind. But the real bonus is the detached garage with a newly finished 270-square-foot living area complete with its own full bathroom. This versatile space is perfect as a guest suite, mother-in-law suite, teenager retreat, home office, hobby room, or potential second bedroomââ¬âadding incredible flexibility and value rarely found in this price range. Situated on a spacious corner lot, you'll enjoy plenty of room for outdoor activities while being just minutes from some of Northern Michigan's best recreation. Luther is known for its proximity to thousands of acres of state land, ORV and snowmobile trails, rivers, lakes, camping, hunting, fishing, hiking, and outdoor adventure. The area is a popular destination for outdoor enthusiasts seeking year-round recreation and a true Pure Michigan lifestyle. Luther is also surrounded by scenic forests, trail systems, and easy access to the renowned Pine River corridor. Whether you're searching for a starter home, vacation retreat, hunting base camp, or property with separate guest quarters, this unique opportunity checks all the boxes. Don't miss your chance to own this versatile Northern Michigan gem!
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FeaturesGeneralHeating Wall Heat Forced Air Space Heater
Kitchen Level Main
Possession At Close
Garage Detached Garage Gar Door Opener
Water Private Well
Appliances Dryer Range/Oven Refrigerator Washer
Status Active Accepting Backup Offers
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1900
Parking Garage
Subdivision na MI
Style Ranch
County Lake
Class RESIDENTIAL
Type Single Family
Ownership Private
Section 28
Zoning Residential
Sale/Rent For Sale
Status Detail 3
Utilities Cable Available
Structure Style 1 Story
Area Out of Michigan (99999)
Primary City Luther
Directions Luther to Oak St west to River left to property on right.
City Luther
School District Pine River Area Schools
Financial Terms Cash Conventional FHA VA Rural Development
Legal Description LOTS 5 & 8 BLK 4 VILLAGE OF LUTHER.
DOM 5
Postal Code 49656
Price Per Sq Ft Total AG 191.2
Public Remarks Looking for an affordable Up North getaway year-round home or investment property with extra living space? This beautifully maintained and recently updated 1-bedroom
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InteriorDining Room Level Main
Bedroom 1 Level Main
Beds 1
Fireplace? Yes
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ExteriorExterior Vinyl Siding
Exterior Amenities Porch
Lot Size Area 0.4
Lot Dimensions 136x131
Water Features None
Waterfront Y/N No
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* Excluded FeaturesList ByEra Greater North PropertiesBroker
barry.fall@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $923
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Luther, MI
Average List Price $484,598
Percent of Sale Price 223%
About Luther, MI 333 Population
1% Since 2002
$ 35,021 Median Income
48.04 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
3299909 Elementary School
3299904 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/5/2026 | $149,900 | | Listed Price |