NOT LISTED FOR SALE

1282 Lake Dr Traverse City, MI 49685

Estimated Value: $581,000 - $910,000

4 Beds
3 Baths
2,738 Sq Ft
$279/Sq Ft Est. Value

Last Sold August 24, 2020

Last sale price $495,000 $181 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $4,712/month

22 Days on Market

Highlights

  • Water Views
  • French Provincial Architecture
  • Loft
  • Public Water Access
  • Radiant Floor
  • Covered Patio or Porch

About This Home

As of August 2020

The charming allure of this French Provincial home will have you saying ooh la la immediately! Impressive entry with soaring ceilings. Fabulous open floor plan boasting a formal dining area ,living room with fireplace, breakfast nook, well appointed kitchen, a luxury master suite with heated tile floors, walk-in closet, and custom tiled shower,first floor laundry room, an office or second en suite bedroom, and incredible outdoor spaces including covered porch on front side of home for viewing the serenity of Silver lake and a custom slate patio in back with fire pit. The second level features 2 over sized bedrooms with tons of closet space,full bath, and a multi-use loft area. Huge unfinished basement is plumbed for a fourth bath. Central air, attached over-sized garage,lovely landscaping and Silver Lake views make this THE ONE! Adjacent lot available for separate purchase. Incredibly close to Silver Lake Access /boat launch and Silver Lake recreation area an 84-acre lakefront park featuring a playground, tennis courts, ball fields, trails & picnic space. Silver Lake is a local hot spot for fishing. It is known for its Bass, Bluegill, Perch, Pike, Lake sunfish, and Walleye. There is a public dock used for launching boats on the eastern shore of the lake.

Last Agent to Sell the Property

Shelly Drossart

REO-TCFront-233021 License #6501344832 Listed on: 07/22/2020

REO-TCFront-233021

Last Buyer's Agent

Teri Miceli-Wolff

Wolff Properties License #6502415817

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,320

Year Built

  • Built in 1998

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 120 x 143
  • Landscaped
  • Level Lot
  • Sprinkler System
  • The community has rules related to zoning restrictions

Parking

  • 2 Car Attached Garage

Home Design

  • French Provincial Architecture
  • Poured Concrete
  • Frame Construction
  • Asphalt Roof
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • 2,738 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Fireplace
  • Entrance Foyer
  • Formal Dining Room
  • Loft
  • Radiant Floor
  • Water Views

Kitchen

  • Breakfast Area or Nook
  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Windows

Outdoor Features

  • Public Water Access
  • Covered Patio or Porch
  • Shed

Utilities

  • Central Air
  • Well
  • Cable TV Available

Community Details

  • Silver Cove Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,320

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story, French Provincial
  • Estimated Year Built: 1998
  • Construction: Frame
  • Univs Design Barrier Free: Main Floor Access, Covered Entrance
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1998

Interior Features

  • Appliances Equipment: Refrigerator, Disposal, Dishwasher, Microwave, Washer, Dryer, Central Vacuum, Wall Oven, Cook Top, Exhaust Fan, Smoke Alarms(s)
  • Interior Amenities: Foyer Entrance, Walk-In Closet(s), Pantry, Breakfast Nook, Loft, Formal Dining Room
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 16x15, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 13x12, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 17x12, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 17x12, On Level: Upper Floor, Flooring: Carpet
  • Total Bathrooms: 3
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 3
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 12x11.5, On Level: Main Floor, Flooring: Carpet
  • Kitchen: Dimensions: 20x13, On Level: Main Floor, Flooring: Tile
  • Living Room: Dimensions: 22x20, On Level: Main Floor, Flooring: Carpet
  • Range: R 11W
  • Total Finished Sf Apx: 2738

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Exterior Features: Sprinkler System, Patio, Covered Porch, Landscaped
  • Exterior Finish: Vinyl, Stone
  • Foundation: Full, Poured Concrete, Daylight Windows, Plumbed for Bath, Unfinished
  • Number Of Acres: 0.39
  • Road: Public Maintained
  • Roof: Asphalt
  • Water Features: Water View, Near Pub.Access w/in 500'

Garage/Parking

  • Driveway: Blacktop
  • Garage Capacity: 2
  • Primary Garage: Attached

Utilities

  • Fireplaces And Stoves: Fireplace(s)
  • Heating Cooling Types: Hot Water, Central Air, Radiant Floor
  • Laundry: On Level: Main Floor, Flooring: Tile
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet, WiFi
  • Water: Private Well

Association/Amenities

  • Development Name: SILVER COVE

Lot Info

  • Lot Number: 25
  • Land Features: Level, Sloping
  • Lot Dimensions: 120 X 143
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2020
Closed on
Aug 24, 2020
Sold by
Dean Jarvis
Bought by
Keegan Swanson and Swanson Emily
Seller's Agent
Shelly Drossart
REO-TCFront-233021
Buyer's Agent
Teri Miceli-Wolff
Wolff Properties
List Price
$479,900
Sold Price
$495,000
Premium/Discount to List
$15,100
3.15%
Current Estimated Value
$764,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,055
Avg. Annual Appreciation
8.74%

Purchase Details

Closed on
Jul 12, 2004

Purchase Details

Closed on
Oct 2, 1998

Purchase Details

Closed on
Aug 28, 1996

Purchase Details

Closed on
Sep 26, 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
Keegan Swanson $495,000 --
-- $350,700 --
-- -- --
-- -- --
-- $14,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2020 08/24/20 Sold $495,000 +3.1% $181 / Sq Ft
08/13/2020 08/13/20 Pending -- -- --
07/22/2020 07/22/20 For Sale $479,900 -- $175 / Sq Ft
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 $8,320 $381,500 $0 $0
2024 $5,620 $366,600 $0 $0
2023 $5,378 $271,600 $0 $0
2022 $6,993 $258,800 $0 $0
2021 $7,329 $271,600 $0 $0
2020 $4,827 $257,700 $0 $0
2019 $3,275 $221,400 $0 $0
2018 $0 $198,600 $0 $0
2017 -- $200,900 $0 $0
2016 -- $191,100 $0 $0
2014 -- $170,100 $0 $0
2012 -- $178,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1877614

Northern Great Lakes REALTORS® MLS

APN: 05-283-025-00