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Jenn Smart

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517 W Victory , Newberry, MI 49868
$159,000
Est. Payment: $828.57/mo
3 Bed
1 Bath
1128 Sqft
Status: active | Days on site: 47
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Welcome to 517 West Victory Way, a charming Cape Cod-style home nestled on a spacious 2.31-acre parcel just outside of the Village of Newberry. This inviting three-bedroom, one-bath home offers 1,128 square feet of comfortable living space, blending classic character with everyday functionality. Inside, you'll find a warm and welcoming layout with a beautiful bay window pouring in natural light, creating a comfortable place to call home. The detached two-car garage adds convenience and the expansive lot offers room to garden, play, or just enjoy the outdoors. All while being close to local amenities. And here's what makes this listing especially compelling! The adjoining second residence at 517 1/2 is included in the sale. Together on one parcel, this rare two-home setup offers possible rental income, space for extended family, or a smart owner-occupant investment strategy. Live in one, rent the other. It's a unique opportunity with flexibility and long-term upside! 517½ West Victory Way adds a practical second residence to this unique two-home property. This approximately 960-square-foot, two-bedroom home offers a comfortable layout suited for long-term rental use, extended living arrangements, or additional workspace. Its separate entrance and residential setting give occupants the feel of a stand-alone home while remaining conveniently located near Newberry amenities. Currently used as a full-time rental, 517½ provides established income potential from the start. The tenant is presently on a lease arrangement, giving a new owner flexibility to continue the rental relationship, adjust future terms subject to applicable law, or incorporate the home into another long-term ownership plan. Buyers should verify lease terms, rental income, deposits, and occupancy details during due diligence. Both 517 and 517½ are located on the same parcel and are being sold together. Utilities are interconnected and metered through 517, making this a distinctive investment opportunity for an owner seeking two residences in one transaction. Live in the main home while continuing to rent the second, or operate both as long-term rentals for added potential. Information is deemed reliable but not guaranteed. Buyers and buyers’ agents should independently verify all information, including square footage, room dimensions, acreage, taxes, property boundaries, utilities, zoning, permitted use, rental status, and the condition of all structures and systems. Property is offered in compliance with federal, state, and local fair housing laws

Highlights

Listed by ANTHONY CIARAMITARO , 586-480-8927 and TAMMY FULCHER , 906-202-3359 FIVE STAR REAL ESTATE , 231-778-1200. MiRealSource, Inc. mls logo

Property Type

Residential

Lot/Acreage
2.31

Year Built

1948

County

Luce

Area

McMillan Twp (48003)

School District

Tahquamenon Area Schools

Listing ID

50215347

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:1
  • Full Bathrooms:1
Appliances:Dryer, Microwave, Range/Oven, Refrigerator, Washer, Negotiable (Appliances)
Above Ground Sq Ft:1128
Below Ground Sq Ft:0
Basement:Block,Unfinished
Other:
  • Additional:Bay Window
Water:Public Water

Exterior Features

Lot Dimensions:2.31 acres
Others:
  • Additional:None (ExteriorFeatures)
Sewer:Septic
Parking Features:Off Street
Principal Interest
$829
Taxes
$176

Home Price

$159,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$31,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$828.57

Principal

Taxes

Principal Taxes HOA Total
Monthly $828.57 $175.87 $0.00 $1,004.45
Yearly $9,942.85 $2,110.49 $0.00 $12,053.34
Total $298,285.60 $63,314.70 $0.00 $361,600.30
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Newberry, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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Data last updated: 2026-09-02T04:57:55.100Z

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