NOT LISTED FOR SALE

1045 Tranquil Point Rd Unit 2 Traverse City, MI 49696

Estimated Value: $948,000 - $1,116,956

0.98 Acre
$1,045,563 Price per Acre
42,689 Sq Ft Lot

Last Sold May 25, 2015

Last sale price $94,000

Est. 990% increase in value since last sale

Current estimated payment $5,976/month

357 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • Level Lot
  • Courtade Elementary School Rated A-
  • Wooded Lot

About This Lot

As of May 2015

Private frontage on peaceful Rennie Lake! This prime .98 acre wooded lot offers 194' private frontage on 238 acre, all-sports lake. Level topography has gentle slope, nicely-wooded setting and lake views to provide an ideal building site for your future home. Conveniently located approximately 13 miles to downtown Traverse City, peaceful and heavily-wooded development "Rennie Lake Shores" features paved roads, underground utilities and minimal restrictions that add to and preserve the value of this exceptional waterfront parcel.

Last Agent to Sell the Property

Mark Hagan

Coldwell Banker Schmidt Traver License #6506006708 Listed on: 05/09/2014

Coldwell Banker Schmidt Traver

Last Buyer's Agent

Mark Hagan

Coldwell Banker Schmidt Traver License #6506006708 Listed on: 05/09/2014

Coldwell Banker Schmidt Traver

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,223

Lot Details

  • 0.98 Acre Lot
  • Private Waterfront
  • 194 Feet of Waterfront
  • Level Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Property Views

  • Water Views

Utilities

  • Underground Utilities
  • Well
  • Private or Community Septic Tank
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • Rennie Shores Community

Recreation

  • Water Sports
  • Deeded Waterfront Access Rights

Property Details

Property Type

Land

Est. Annual Taxes

$7,223

Lot Details

0

Listing Details

  • Class: Vacant Lot/Land
  • Type: Vacant Lot/Land
  • Private Shared: Private
  • Section Number: 12
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 95918.37
  • Range: R 10W

Exterior Features

  • Body Of Water: Rennie Lake
  • Lake Size: 238 acres
  • Number Of Acres: 0.98
  • Road: Private Owned, Concrete
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, Water View, All Sports, Soft Bottom, Gradual Slope To Water, Vegetation To Water Edge
  • Waterfront Frontage: 194

Utilities

  • Utilities Available: Cable Tv, Telephone, Underground Electric
  • Waste Available: Private Septic
  • Water Available: Private Well

Association/Amenities

  • Development Name: Rennie Shores

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Number: 2
  • Deeded Waterfront: Yes
  • Land Features: Level, Sloping, Hardwoods, Wooded
  • Lot Dimensions: irregular
  • Zoning Use Restrictions: Residential, Site Condominium, Finished Lots, Deed Restrictions

Tax Info

  • Taxable Value: 27363

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2014
Closed on
May 20, 2015
Seller's Agent
Mark Hagan
Coldwell Banker Schmidt Traver
Buyer's Agent
Mark Hagan
Coldwell Banker Schmidt Traver
List Price
$89,000
Sold Price
$94,000
Premium/Discount to List
$5,000
5.62%
Current Estimated Value
$1,024,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$930,652
Avg. Annual Appreciation
25.71%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
-- $94,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2015 05/25/15 Sold $94,000 +5.6% --
05/01/2015 05/01/15 Pending -- -- --
05/09/2014 05/09/14 For Sale $89,000 -- --
Source: Northern Great Lakes REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,223 $524,100 $0 $0
2024 $4,862 $476,100 $0 $0
2023 $4,652 $296,200 $0 $0
2022 $6,478 $291,800 $0 $0
2021 $6,252 $296,200 $0 $0
2020 $6,142 $260,400 $0 $0
2019 $6,172 $239,600 $0 $0
2018 $6,024 $222,700 $0 $0
2017 -- $217,900 $0 $0
2016 -- $79,800 $0 $0
2014 -- $79,800 $0 $0
2012 -- $79,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Hagan

    Seller's Agent in 2015

    Mark Hagan

    Coldwell Banker Schmidt Traver

    (231) 929-7985

    35 in this area

    379 Total Sales

    Mark Hagan
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1783880

Northern Great Lakes REALTORS® MLS

APN: 03-694-002-00

Michigan Grand Traverse County Traverse City 49696

1045 Tranquil Point Rd Unit 2, Traverse City, MI

This home is located at 1045 Tranquil Point Rd Unit 2, Traverse City, MI 49696 since 09 May 2014 and is currently estimated at $1,024,652. 1045 Tranquil Point Rd Unit 2 is a home located in Grand Traverse County with nearby schools including Courtade Elementary School, East Middle School, and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northern Great Lakes REALTORS® MLS The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

Copyright 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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