NOT LISTED FOR SALE

1275 Valley Dr Traverse City, MI 49685

Estimated Value: $904,000 - $1,425,000

4 Beds
3.5 Baths
3,296 Sq Ft
$359/Sq Ft Est. Value

Last Sold April 10, 2015

Last sale price $350,000 $106 Per Sq Ft

Est. 238% increase in value since last sale

Current estimated payment $6,815/month

Highlights

  • Private Waterfront
  • Sandy Beach
  • Deck
  • Deeded Waterfront Access Rights
  • 1.07 Acre Lot
  • Vaulted Ceiling

About This Home

As of April 2015

99' of direct waterfront on gorgeous Silver Lake. Beautiful view and this home will not last long at this exceptional price. Open floor plan with a full walk-out basement that leads to the lake. New roof, wrap around porch and enlarged room in 2004. 4 bed, 3.5 bath. 1.4 acre lot has a lake-fed underground sprinkler system, main floor master and laundry, fireplace, mud-room, 2 car garage and just 4 miles to downtown and 2 miles to the Grand Traverse mall.

Last Agent to Sell the Property

Aric Browning

Coldwell Banker Schmidt-522 License #6501382189 Listed on: 02/07/2015

Last Buyer's Agent

Shelly Brunette

REO-TCRandolph-233022 License #6501247395

REO-TCRandolph-233022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,121

Year Built

  • Built in 1991

Lot Details

  • 1.07 Acre Lot
  • Lot Dimensions are 153x373
  • Private Waterfront
  • 99 Feet of Waterfront
  • Sandy Beach
  • Landscaped
  • The community has rules related to zoning restrictions

Home Design

  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,296 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Great Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deeded Waterfront Access Rights
  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Natural Gas Water Heater

Community Details

Overview

  • Silver Cove Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,121

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story
  • Estimated Year Built: 1991
  • Construction: Frame
  • Private Shared: Private
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1991
  • Year Renovated: 2004

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Natural Gas Water Heater
  • Interior Amenities: Island Kitchen, Great Room, Vaulted Ceilings
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 13x13.6, On Level: Main Floor
  • Bedroom 2: Dimensions: 12x12.6, On Level: Upper Floor
  • Bedroom 3: Dimensions: 12x12, On Level: Upper Floor
  • Bedroom 4: Dimensions: 11.4x12, On Level: Upper Floor
  • Total Bathrooms: 3.5
  • Primary Bathroom: Private
  • Number of Lower Level Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Kitchen: Dimensions: 10x12
  • Living Room: Dimensions: 10x13
  • Range: R 11W
  • Total Finished Sf Apx: 3296

Exterior Features

  • Body Of Water: Silver Lake
  • Exterior Features: Deck, Covered Porch, Landscaped
  • Exterior Finish: Vinyl
  • Foundation: Full, Walkout, Entrance Outside, Finished Rooms, Entrance Inside
  • Number Of Acres: 1.07
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Soft Bottom, Sandy Bottom
  • Waterfront Frontage: 99

Garage/Parking

  • Driveway: Concrete
  • Garage Capacity: 2
  • Primary Garage: Attached, Door Opener, Paved Driveway, Concrete Floors

Utilities

  • Heating Cooling Types: Forced Air, Central Air
  • Sewer: Private Septic
  • Tv Service Internet Avail: Unknown
  • Water: Private Well

Association/Amenities

  • Development Name: Silver Cove

Lot Info

  • Deeded Waterfront: Yes
  • Lot Dimensions: 153x373
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

Tax Info

  • Summer Taxes: 2,755.80
  • Winter Taxes: 1,493.16

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2015
Closed on
Apr 8, 2015
Seller's Agent
Aric Browning
Coldwell Banker Schmidt-522
Buyer's Agent
Shelly Brunette
REO-TCRandolph-233022
List Price
$395,000
Sold Price
$350,000
Premium/Discount to List
-$45,000
-11.39%
Current Estimated Value
$1,182,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$832,822
Avg. Annual Appreciation
12.22%

Purchase Details

Closed on
Nov 19, 2014

Purchase Details

Closed on
Aug 13, 1991

Purchase Details

Closed on
May 5, 1989
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
-- $350,000 --
-- $308,500 --
-- -- --
-- $25,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2015 04/10/15 Sold $350,000 -11.4% $106 / Sq Ft
02/07/2015 02/07/15 For Sale $395,000 -- $120 / Sq Ft
02/23/2014 02/23/14 Pending -- -- --
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 $7,121 $574,700 $0 $0
2024 $4,810 $453,500 $0 $0
2023 $4,603 $289,500 $0 $0
2022 $6,570 $312,800 $0 $0
2021 $9,984 $289,500 $0 $0
2020 $9,682 $244,200 $0 $0
2019 $7,708 $292,200 $0 $0
2018 $0 $283,700 $0 $0
2017 -- $239,100 $0 $0
2016 -- $197,600 $0 $0
2014 -- $185,000 $0 $0
2012 -- $234,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1794942

Northern Great Lakes REALTORS® MLS

APN: 05-283-034-00