Seller's Agent in 2015
Maureen Penfold
RE/MAX Michigan
(231) 883-3133
3 in this area
38 Total Sales
1275 Lake Dr Traverse City, MI 49685
Estimated Value: $978,729 - $1,089,000
3
Beds
3
Baths
3,352
Sq Ft
$306/Sq Ft
Est. Value
Highlights
- Private Waterfront
- Deck
- Circular Driveway
- Deeded Waterfront Access Rights
- Ranch Style House
- Skylights
About This Home
As of August 2015A beautiful waterfront lot with 139 feet of Silver Lake frontage provides the lovely setting for this 3 bedroom, 3 bath, brick and redwood sided ranch home. Open and inviting floor plan with gorgeous water views from nearly every room. Waterside deck for outdoor dining , two fireplaces and spacious bedrooms including a main floor master bedroom with large walk in closet. The walkout lower level features a bedroom, bath and family room with kitchen and bar perfect for gatherings with family and friends. An added bonus: a two story garage with room for cars, boats and storage galore. A dock and deck at the waters edge complete this wonderful package.
Last Agent to Sell the Property
REMAX Bayshore - Union St TC License #6501239126 Listed on: 06/30/2015
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,013
Year Built
- Built in 1981
Lot Details
- 0.44 Acre Lot
- Lot Dimensions are 110x166x139x155
- Private Waterfront
- 139 Feet of Waterfront
- Level Lot
- Sprinkler System
- The community has rules related to zoning restrictions
Home Design
- Ranch Style House
- Brick Exterior Construction
- Fire Rated Drywall
- Frame Construction
- Asphalt Roof
- Wood Siding
Interior Spaces
- 3,352 Sq Ft Home
- Skylights
- Wood Burning Fireplace
- Basement Fills Entire Space Under The House
- Cooktop
Bedrooms and Bathrooms
- 3 Bedrooms
Parking
- 3 Car Attached Garage
- Garage Door Opener
- Circular Driveway
- Drive Under Main Level
Outdoor Features
- Deeded Waterfront Access Rights
- Deck
- Patio
Utilities
- Well
Community Details
- Silver Cove Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 30, 2015
Closed on
Aug 18, 2015
Seller's Agent
Maureen Penfold
REMAX Bayshore - Union St TC
Buyer's Agent
Rick Stein
REMAX Bayshore - Union St TC
List Price
$499,900
Sold Price
$450,000
Premium/Discount to List
-$49,900
-9.98%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$575,182
Avg. Annual Appreciation
8.41%
Purchase Details
Closed on
Feb 16, 2015
Purchase Details
Closed on
Oct 16, 2013
Purchase Details
Closed on
May 24, 2012
Purchase Details
Closed on
Feb 20, 2003
Purchase Details
Closed on
Oct 4, 1996
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | $450,000 | -- | |
| -- | -- | -- | |
| -- | -- | -- | |
| -- | -- | -- | |
| -- | -- | -- | |
| -- | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/19/2015 08/19/15 | Sold | $450,000 | -10.0% | $134 / Sq Ft |
| 08/02/2015 08/02/15 | Pending | -- | -- | -- |
| 06/30/2015 06/30/15 | For Sale | $499,900 | -- | $149 / Sq Ft |
Source: Northern Great Lakes REALTORS® MLS
Tax History Compared to Growth
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 | $8,013 | $479,300 | $0 | $0 |
| 2024 | $5,413 | $434,000 | $0 | $0 |
| 2023 | $5,180 | $307,500 | $0 | $0 |
| 2022 | $7,384 | $317,600 | $0 | $0 |
| 2021 | $7,141 | $307,500 | $0 | $0 |
| 2020 | $7,098 | $310,300 | $0 | $0 |
| 2019 | $4,769 | $327,400 | $0 | $0 |
| 2018 | $0 | $323,600 | $0 | $0 |
| 2017 | -- | $235,200 | $0 | $0 |
| 2016 | -- | $233,250 | $0 | $0 |
| 2014 | -- | $260,900 | $0 | $0 |
| 2012 | -- | $289,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Maureen Penfold
-
Rick Stein
R
Seller Co-Listing Agent in 2015
Rick Stein
RE/MAX Michigan
(231) 941-4500
Map
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1802585
APN: 05-283-030-00
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.
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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