NOT LISTED FOR SALE

1063 Tranquil Point Rd Unit 1 Traverse City, MI 49696

Estimated Value: $736,000 - $1,090,320

1 Acre
$930,773 Price per Acre
43,560 Sq Ft Lot

Last Sold September 30, 2016

Last sale price $87,500

Est. 964% increase in value since last sale

Current estimated payment $5,528/month

197 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • Wooded Lot
  • Courtade Elementary School Rated A-
  • 1 Acre Lot
  • High Speed Internet

About This Lot

As of September 2016

190' of peaceful, private, Rennie Lake frontage compliments this prime 1 acre parcel. The topography, nicely-wooded setting and lake views provide an ideal building site for your future home. Conveniently located approximately 13 miles to downtown Traverse City, and also close to 1000's of acres of State Land for 4-season recreation. This tranquil and heavily-wooded development of Rennie Lake Shores features paved roads, underground utilities and smart restrictions that add to and preserve the value of this exceptional waterfront property.

Last Agent to Sell the Property

Mark Hagan

Coldwell Banker Schmidt Traver License #6506006708 Listed on: 01/19/2016

Coldwell Banker Schmidt Traver

Last Buyer's Agent

Mark Hagan

Coldwell Banker Schmidt Traver License #6506006708 Listed on: 01/19/2016

Coldwell Banker Schmidt Traver

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,146

Lot Details

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

HOA Fees

  • $50 Monthly HOA Fees

Property Views

  • Water Views
  • Countryside Views

Utilities

  • Underground Utilities
  • Well
  • Private or Community Septic Tank
  • High Speed Internet
  • Phone Available
  • Satellite Dish
  • Cable TV Available

Community Details

Overview

  • Rennie Lake Shores Community

Recreation

  • Water Sports
  • Deeded Waterfront Access Rights

Property Details

Property Type

Land

Est. Annual Taxes

$7,146

Lot Details

0

HOA Fees

$50 per month

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: 87500
  • Range: R 10W

Exterior Features

  • Body Of Water: Rennie Lake
  • Exterior Features: Countryside View
  • Lake Size: 238 acres
  • Number Of Acres: 1
  • Road: Private Owned, Blacktop, Privately Maintained
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, Water View, All Sports, Soft Bottom, Gradual Slope To Water, Vegetation To Water Edge
  • Waterfront Frontage: 190

Utilities

  • Utilities Available: Cable Tv, Dsl, Cable Internet, Dish Tv, Telephone, Underground Electric, Wifi
  • Waste Available: Private Septic
  • Water Available: Private Well

Condo/Co-op/Association

  • Annual Association Fees: 600

Association/Amenities

  • Development Name: Rennie Lake Shores

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Number: 1
  • Deeded Waterfront: Yes
  • Land Features: Level, Sloping, Hardwoods, Wooded, Evergreens
  • Lot Dimensions: irregular
  • Zoning Use Restrictions: Residential, Site Condominium, Finished Lots, Deed Restrictions, Bldg & Use Restrictions

Tax Info

  • Taxable Value: 27810

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2016
Closed on
Sep 29, 2016
Seller's Agent
Mark Hagan
Coldwell Banker Schmidt Traver
Buyer's Agent
Mark Hagan
Coldwell Banker Schmidt Traver
List Price
$90,000
Sold Price
$87,500
Premium/Discount to List
-$2,500
-2.78%
Current Estimated Value
$930,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$843,273
Avg. Annual Appreciation
29.74%
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
-- $87,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2016 09/30/16 Sold $87,500 -2.8% --
08/03/2016 08/03/16 Pending -- -- --
01/19/2016 01/19/16 For Sale $90,000 -- --
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 $7,146 $509,900 $0 $0
2024 $4,810 $458,000 $0 $0
2023 $4,603 $287,100 $0 $0
2022 $6,408 $282,200 $0 $0
2021 $6,186 $287,100 $0 $0
2020 $6,076 $254,000 $0 $0
2019 $6,106 $235,000 $0 $0
2018 $5,960 $220,100 $0 $0
2017 -- $63,600 $0 $0
2016 -- $90,100 $0 $0
2014 -- $90,100 $0 $0
2012 -- $90,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Hagan

    Seller's Agent in 2016

    Mark Hagan

    Coldwell Banker Schmidt Traver

    (231) 929-7985

    35 in this area

    379 Total Sales

    Mark Hagan
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1811067

Northern Great Lakes REALTORS® MLS

APN: 03-694-001-00

Michigan Grand Traverse County Traverse City 49696

1063 Tranquil Point Rd Unit 1, Traverse City, MI

This home is located at 1063 Tranquil Point Rd Unit 1, Traverse City, MI 49696 since 19 January 2016 and is currently estimated at $930,773. 1063 Tranquil Point Rd Unit 1 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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