Sold
Last Sold Price
2 beds1,040 sqft
296 Island Lake Road, Chelsea, MI 48118
Single FamilyProperty Type
0.19 acresLot Size
1980Year Built
$250/sq ftPrice per sq ft

Description

Escape to tranquility with this delightful two-bedroom, one-bathroom ranch nestled on the shores of serene Island Lake in Chelsea. Perfectly situated on a peaceful, private, no-wake lake, this home offers a rare opportunity to enjoy waterfront living at its finest. Featuring a newer roof and furnace, as well as a brand-new driveway, this well-maintained property promises comfort and convenience. The open layout creates a warm and inviting atmosphere, with stunning lake views. You will enjoy unwinding...Escape to tranquility with this delightful two-bedroom, one-bathroom ranch nestled on the shores of serene Island Lake in Chelsea. Perfectly situated on a peaceful, private, no-wake lake, this home offers a rare opportunity to enjoy waterfront living at its finest. Featuring a newer roof and furnace, as well as a brand-new driveway, this well-maintained property promises comfort and convenience. The open layout creates a warm and inviting atmosphere, with stunning lake views. You will enjoy unwinding in the tranquil surroundings, this is the ultimate retreat for outdoor enthusiasts and nature lovers alike. Conveniently located just minutes away from downtown Chelsea and downtown Ann Arbor! Don't miss out on this rare opportunity to own a piece of lakeside paradise.
  • Listed by: William Link 734.846.7890 williamelink@gmail.com Brokerage DRE #6503418119 • Key Realty One LLC
Listing closed: 06/28/2024 12:00 AM • Source: Michigan Regional Information Center, MLS#: 24018691

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Recent comparable sales

Median sold price

$270,000

Avg days on market

15

Sale-to-list ratio

101.0%

Chelsea, MI

9 comparable properties found

$300,000 | 6840 Highway 52, Chelsea, MI 48118
1/25
1

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Square Feet
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Acres
$239,900 | 311 Madison Street, Chelsea, MI 48118
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Bedrooms
1,153
Square Feet
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$302,000 | 516 South Main Street, Chelsea, MI 48118
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Sold 07/31/26

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Bedrooms
1,060
Square Feet
0.16
Acres
$250,900 | 750 Taylor Street, Chelsea, MI 48118
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Sold 05/20/26

2
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$232,500 | 431 Railroad Street, Chelsea, MI 48118
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Sold 09/11/25

2
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Square Feet
0.35
Acres
$270,000 | 13 Oak Ridge Drive, Chelsea, ME 04330
1/19
7

$270,000

Sold 04/14/25

2
Bedrooms
1,128
Square Feet
0.5
Acres
$235,000 | 528 Cony Road, Chelsea, ME 04330
1/49
8

$235,000

Sold 06/06/25

2
Bedrooms
1,012
Square Feet
6.75
Acres
$275,000 | 53 Hemlock Ridge Road, Chelsea, ME 04330
1/54
9

$275,000

Sold 10/31/25

2
Bedrooms
1,100
Square Feet
1.44
Acres

Location

Listing Courtesy of Key Realty One LLC

Sold By Key Realty One LLC

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Payment Calculator

$1,912 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,388

Property Taxes

$524

HOA Dues

$0

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Property Information for 296 Island Lake Road

Property Details
  • Taxes: $6,285 / year
  • MLS Type: Residential / Single Family Residence
  • View: Water
  • Zoning: RH
  • ZoningDescription: RH
  • Waterfront Features: Lake
  • Architectural Style: Ranch
Building Information
  • Stories: 1
  • Year Built: 1980
  • Lot Size: 0.19 AC / 8,276 SF
Summary
Location and General Information
  • Cross Streets: North Territorial Road
  • Municipality: Lyndon Twp
  • Body of Water: Island Lake
  • Directions: North Territorial, south on Island Lake Road
  • Area - Major: Ann Arbor/Washtenaw - A
  • Street #: 296
  • Street Name: Island Lake
  • Suffix: Road
  • City: Chelsea
  • State: MI
  • Zip Code: 48118
  • County: Washtenaw
  • Latitude: 42.37805
  • Longitude: -84.042135
  • Area - Minor: Ann Arbor/Washtenaw - A
  • Water Type: Lake
Taxes and HOA
  • Taxable Value: 94578.0
  • Approx. Assoc Fee: $0
  • Tax ID #: E-05-23-152-003
  • Homestead: 0
  • SEV: 117900
School Information
  • High School: Chelsea High School
  • Middle School: Beach Middle School
  • Elementary School: North Creek Elementary School
Parking
  • Garage Y/N: No
  • Other Structures: Shed(s)
  • Driveway: Gravel
Virtual Tour
  • Total Virtual Tours Count: 0
  • Total Open Houses Count: 0
Property
Lot Information
  • Lot Features: Wooded
  • SqFt Source: Measured
  • Lot Dimensions: 56x10x135x40x183
  • Below Grade Finished Area: 0.0
  • Total Fin SqFt All Levels: 1040.0
  • SqFt Above Grade: 1040.0
  • Lot Measurement: Acres
  • Lot Acres: 0.19
  • Lot Square Footage: 8276.0
  • Lot Size Area: 0.19
Property and Assessments
  • Tax Year: 2023
  • Legal: *OLD SID - E 05-140-027-00 LY 47-27 LOT 27 ISLAND LAKE PARK SUB'N. Plus two additional parcels. For Legal description see additional documents.
  • Property Sub-Type: Single Family Residence
  • New Construction: No
  • Total Floor Plans Count: 0
  • Property Type: Residential, Single Family Residence
  • Year Built: 1980
  • Video Groups: 0
  • Mineral Rights: Unknown
  • Accessibility Features YN: No
  • Income Property: No
  • Waterfront Options WaterFrontage: 90
Utilities
  • Utilities: Cable Available, Phone Connected, Natural Gas Connected
  • Electric: True
  • Sewer: Public Sewer, Public
  • Water Source: Well
  • Util Avail at Street: Cable Available, High Speed Internet
  • Utilities Attached: Natural Gas Connected, Phone Connected
  • Water: Well
Interior and Exterior Features
Exterior Features
  • Roof: Rubber
  • Patio And Porch Features: Deck
  • Stories: 1
  • Construction Materials: Brick, Wood Siding
  • Water Fea Amenities: Dock, No Wake, Private Frontage, View
  • Street Type: Public
  • Exterior Material: Brick, Wood Siding
  • Roofing: Rubber
  • Substructure: Partial
  • Windows: Insulated Windows, Screens
  • Patio and Porch Features: Deck
Interior Features
  • Heating: Forced Air
  • Window Features: Screens, Insulated Windows
  • Interior Features: Ceiling Fan(s), Broadband, Eat-in Kitchen
  • Laundry Features: Electric Dryer Hookup, In Bathroom, Washer Hookup
  • Fireplace: Yes
  • Fireplace Features: Living Room
  • Spa Features: Whirlpool Tub
  • Room Total: 6
  • Main Bedrooms: 2
  • Fireplaces Total: 1
  • Basement: Yes
  • Flooring: Carpet, Laminate
  • Cooling: Wall Unit(s)
  • Total Baths: 1.0
  • Full Baths: 1
  • Room Types: Kitchen, Living Room, Primary Bedroom, Primary Bathroom, Bonus Room, Bedroom 2
  • Bathrooms Total (Integer): 1
  • Bathrooms Total (Decimal): 1.0
  • Bathrooms Total (Notational): 1.0
  • Cooling: Yes
  • Heating: Yes
  • Heat Source: Natural Gas
  • Heat Type: Forced Air
  • Air Conditioning: Wall Unit(s)
  • Kitchen Features: Eating Area
  • Additional Items: Ceiling Fan(s), Sump Pump, Whirlpool Tub
  • Appliances: Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Water Softener Owned
  • Water Heater: Electric
  • Bedrooms: 2
  • Half Baths: 0.0
  • Main Full Baths: 1
  • Main Half Baths: 0
  • Main Level SQFT: 1040
  • Total Beds Above Grade: 2
  • Basement Bedrooms: 0.0
  • Basement Finished SQFT: 0.0
  • Basement Full Baths: 0.0
  • Basement Half Baths: 0.0
  • Total Basement SQFT: 100.0
  • Main Level Primary: Yes
  • # of Outbuildings: 1.0
  • Outbuilding 1 Description: Storage Shed
Room Information
Room 1
  • Room Type: Kitchen
  • Room Level: Main
  • Room Length: 12.17
  • Room Width: 8.25
Room 2
  • Room Type: Living Room
  • Room Level: Main
  • Room Length: 16.17
  • Room Width: 18.75
Room 3
  • Room Type: Primary Bedroom
  • Room Level: Main
  • Room Length: 10.83
  • Room Width: 10.67
Room 4
  • Room Type: Primary Bathroom
  • Room Level: Main
  • Room Length: 15.25
  • Room Width: 8.08
Room 5
  • Room Type: Bonus Room
  • Room Level: Main
  • Room Length: 10.33
  • Room Width: 9.42
Room 6
  • Room Type: Bedroom 2
  • Room Level: Main
  • Room Length: 10.9
  • Room Width: 8.17
Rental
Rental Information
  • Occupant Type: Owner
  • Terms Available: Cash, Conventional

Property History for 296 Island Lake Road

DateEvent & SourcePriceAppreciation
Jun 28, 2024

Sold

MiRealSource #70401148

$260,000—
Jun 28, 2024

Sold

Michigan Regional Information Center #24018691

$260,000—
Jun 28, 2024

Sold

Realcomp #54024018691

$260,000—
DateEvent & SourcePrice
06/28/2024

Sold

MiRealSource #70401148

$260,000
06/28/2024

Sold

Michigan Regional Information Center #24018691

$260,000
06/28/2024

Sold

Realcomp #54024018691

$260,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 296 Island Lake Road

Taxable ValueLand-Additions-Total-
Tax Record2025$7,828 ($652 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,072 SqFtAbove Grade Finished SqFt1,072 SqFtUnfinished Basement SqFt90 SqFtStories1Lot Size8,276 SqFtStyleSingle Family ResidenceYear Built1980Year Renovated1980ZoningLRCountyWASHTENAWAPNE -05-23-152-003

Schools near 296 Island Lake Road

This home is within Chelsea School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
North Creek Elementary School
PublicPK to 2

South Meadows Elementary School
Public3 to 5

Beach Middle School
Public6 to 8

Chelsea High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 296 Island Lake Road, Chelsea, MI 48118
$260,000
2
1,040
8,276
$53,550
3
–
1,878
–
$53,550
3
–
1,878
–
$450,000
4
3,320
41,382
–
2
1.5
795
5,663
–
3
2
1,924
27,138

Explore Nearby Homes

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Listing Courtesy of Key Realty One LLC

The properties on this web site come in part from the Broker Reciprocity Program of the Member MLS’s of the MichRIC (Michigan Regional Information Center), LLC. Information Deemed Reliable But Not Guaranteed. The firm operating this website does not display the entire MLS, MichRIC, LLC, Broker Reciprocity database on this web site. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Information deemed reliable but not guaranteed. Copyright© 2026 Michigan Regional Information Center. All Rights Reserved.