NOT LISTED FOR SALE

1397 Lake Dr Traverse City, MI 49685

Estimated Value: $628,000 - $670,000

3 Beds
1.5 Baths
1,300 Sq Ft
$494/Sq Ft Est. Value

Last Sold May 03, 2016

Last sale price $360,000 $277 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $4,067/month

67 Days on Market

Highlights

  • Private Waterfront
  • Private Dock
  • Lake Privileges
  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Deck

About This Home

As of May 2016

ENJOY SUNSETS & SANDY SWIMMING ON SILVER LAKE! Direct & private wonderful sandy beach & 10 minutes to everything in TC!!! Check out this 1300 sq ft ranch offering a full unfinished daylight basement which could be converted to walk out & offering plenty of room for 4th bedroom & decent family room/game room areas. So many updates including roof, windows, kitchen, baths, trim, doors, carpet, tile & much of the house has the original wood floors cleaned, exposed & ready for refinishing.

Last Agent to Sell the Property

Carol Franklin

BAYSHORE GROUP REALTY License #6502364792 Listed on: 02/22/2016

Last Buyer's Agent

Molly Agostinelli

Coldwell Banker Schmidt Traver License #6501282030

Coldwell Banker Schmidt Traver

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,230

Year Built

  • Built in 1960

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 93'x185'x99'x176'
  • Private Waterfront
  • 93 Feet of Waterfront
  • Sandy Beach
  • Level Lot
  • Garden
  • The community has rules related to zoning restrictions

Home Design

  • Ranch Style House
  • Block Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,300 Sq Ft Home
  • Ceiling Fan
  • Gas Fireplace
  • Drapes & Rods
  • Blinds
  • Game Room
  • Workshop
  • Home Gym
  • Water Views

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Basement Windows
  • Basement Window Egress

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Private Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Private Dock
  • Lake Privileges
  • Deck
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Cable TV Available

Community Details

Overview

  • Silver Pines Resort Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,230

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, 1 Story
  • Percent Of Remodel: 50
  • Estimated Year Built: 1960
  • Construction: Frame
  • Private Shared: Private
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1960
  • Year Renovated: 2014

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Washer, Dryer, Blinds, Drapes, Ceiling Fan
  • Interior Amenities: Exercise Room, Game Room, Workshop, Drywall
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 13'x10'7, On Level: Main Floor, Flooring: Wood
  • Bedroom 2: Dimensions: 12'x11', On Level: Main Floor, Flooring: Wood
  • Bedroom 3: Dimensions: 11'4"x11', On Level: Main Floor, Flooring: Wood
  • Total Bathrooms: 1.5
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Dining Room: Dimensions: 10'8"x9', On Level: Main Floor, Flooring: Tile
  • Family Room: Dimensions: 24'x8'6", On Level: Lower Floor, Flooring: None
  • Kitchen: Dimensions: 10'x9', On Level: Main Floor, Flooring: Tile
  • Living Room: Dimensions: 22'2"x14'6", On Level: Main Floor, Flooring: Wood
  • Range: R 11W
  • Total Finished Sf Apx: 1300

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Body Of Water: Silver Lake
  • Exterior Features: Deck, Garden Area
  • Exterior Finish: Vinyl
  • Foundation: Full, Block, Daylight Windows, Entrance Outside, Egress Windows, Entrance Inside
  • Number Of Acres: 0.4
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Private Dock, Sandy Bottom, Public Lake, Sandy Shoreline
  • Waterfront Frontage: 93

Garage/Parking

  • Driveway: Private
  • Garage Capacity: 2
  • Primary Garage: Detached, Door Opener

Utilities

  • Fireplaces And Stoves: Fireplace(s), Gas
  • Heating Cooling Types: Forced Air
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet, WiFi
  • Water: Private Well

Association/Amenities

  • Development Amenities: Lake Privileges, Pets Allowed
  • Development Name: Silver Pines Resort

Lot Info

  • Lot Number: 8 and
  • Deeded Waterfront: Yes
  • Land Features: Level, Sloping
  • Lot Dimensions: 93'x185'x99'x176'
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential, Outbuildings Allowed

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2016
Closed on
May 3, 2016
Seller's Agent
Carol Franklin
BAYSHORE GROUP REALTY
Buyer's Agent
Molly Agostinelli
Coldwell Banker Schmidt Traver
List Price
$374,900
Sold Price
$360,000
Premium/Discount to List
-$14,900
-3.97%
Current Estimated Value
$642,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,821
Avg. Annual Appreciation
6.27%

Purchase Details

Closed on
Mar 16, 2011

Purchase Details

Closed on
May 19, 2006
Source: Public Records

Range of Values:

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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
-- $360,000 --
-- -- --
-- $320,300 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2016 05/03/16 Sold $360,000 -4.0% $277 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
02/22/2016 02/22/16 For Sale $374,900 -- $288 / 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 $8,230 $282,600 $0 $0
2024 $6,631 $279,200 $0 $0
2023 $6,330 $191,700 $0 $0
2022 $7,562 $189,400 $0 $0
2021 $7,317 $191,700 $0 $0
2020 $7,239 $158,900 $0 $0
2019 $8,168 $190,200 $0 $0
2018 $0 $187,900 $0 $0
2017 -- $168,900 $0 $0
2016 -- $163,000 $0 $0
2014 -- $150,600 $0 $0
2012 -- $156,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1811972

Northern Great Lakes REALTORS® MLS

APN: 05-295-008-00