NOT LISTED FOR SALE

1398 E Arbutus Lake Rd Traverse City, MI 49686

Estimated Value: $858,000 - $984,356

3 Beds
2 Baths
2,504 Sq Ft
$372/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $630,000 $252 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $6,171/month

6 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Courtade Elementary School Rated A-
  • Guest House
  • Deck

About This Home

As of June 2021

Unique Lakefront living at its best situated on a private peninsula with over 400 feet of shoreline on Arbutus Lake! This delightful home and tranquil landscape breathe relaxation into you. Hard sand bottom swim area for water enjoyment. Superior water views are seen from almost every room giving the sense of calm & ease. Home features 3-bedroom, 2 bath and a bright & semi open layout with spacious living and dining area taking full advantage of water view, plus additional family room for gatherings. In addition, finished waterside lower level entertainment room, multiple outdoor seating areas, 2 car detached garage also there is a charming vintage mobile home that can be used for additional guest with 2 bedrooms, 1 bath, kitchen & living room. There is so much to fall in love with here, most will find it hard to leave!

Last Agent to Sell the Property

Linda Schaub

REO-TCRandolph-233022 License #6501290614 Listed on: 05/12/2021

REO-TCRandolph-233022

Last Buyer's Agent

Bob Brick

REMAX Bayshore - W Bay Shore Dr TC License #6502134537

REMAX Bayshore - W Bay Shore Dr TC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,141

Year Built

  • Built in 1953

Lot Details

  • 1.01 Acre Lot
  • Lot Dimensions are 120x172x72x68x144x151
  • Private Waterfront
  • 432 Feet of Waterfront
  • Sandy Beach
  • Corner Lot
  • Level Lot
  • The community has rules related to zoning restrictions

Home Design

  • Cottage
  • Block Foundation
  • Frame Construction
  • Metal Roof
  • Log Siding

Interior Spaces

  • 2,504 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Bay Window
  • Entrance Foyer
  • Water Views

Kitchen

  • Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Basement Windows

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway
  • Shared Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Balcony
  • Deck
  • Covered Patio or Porch

Additional Homes

  • Guest House

Utilities

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

Community Details

Overview

  • Metes And Bounds Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,141

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Cottage, 1 Story
  • Estimated Year Built: 1953
  • Construction: Full Log, Frame
  • Private Shared: Private
  • Section Number: 10
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1953

Interior Features

  • Appliances Equipment: Refrigerator, Microwave, Washer, Dryer, Wall Oven, Cook Top, Ceiling Fan
  • Interior Amenities: Bay Window(s), Foyer Entrance
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 15.09x10.00, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 15.06x09.09, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 10.02x09.08, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 2
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 2
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 15.03x12.03, On Level: Main Floor, Flooring: Carpet
  • Family Room: Dimensions: 21.02x17.07, On Level: Main Floor, Flooring: Carpet
  • Kitchen: Dimensions: 20.02x09.04, On Level: Main Floor, Flooring: Laminate
  • Living Room: Dimensions: 19.06x15.00, On Level: Main Floor, Flooring: Carpet
  • Estimated Above Ground Finished Sq Ft: 2108
  • Estimated Below Grade Finished Sq Ft: 432
  • Price Per Sq Ft: 251.6
  • Range: R 10W
  • Total Finished Sf Apx: 2504

Exterior Features

  • Additional Buildings: Guest House
  • Body Of Water: Arbutus Lake
  • Exterior Features: Balcony, Deck, Patio, Covered Porch
  • Exterior Finish: Log Siding, Full Log
  • Foundation: Partial, Block, Daylight Windows
  • Number Of Acres: 1.01
  • Road: Public Maintained, Blacktop
  • Roof: Metal
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Sandy Bottom, Gradual Slope to Water, Public Lake, Sandy Shoreline
  • Waterfront Frontage: 432

Garage/Parking

  • Driveway: Gravel, Dirt, Shared
  • Garage Capacity: 2
  • Primary Garage: Detached, Door Opener, Concrete Floors

Utilities

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

Association/Amenities

  • Development Amenities: Pets Allowed
  • Development Name: Metes and Bounds

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Corner Lot, Level, Sloping
  • Lot Dimensions: 120x172x72x68x144x151
  • Mineral Rights: Unknown
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2016
Current Estimated Value
$931,589

Purchase Details

Closed on
Sep 23, 1992
Source: Public Records

Range of Values:

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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
-- -- --
-- $150,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2021 06/25/21 Sold $630,000 +9.6% $252 / Sq Ft
05/18/2021 05/18/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $575,000 -- $230 / 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 $13,141 $424,600 $0 $0
2024 $10,565 $381,000 $0 $0
2023 $10,086 $284,800 $0 $0
2022 $11,838 $265,200 $0 $0
2021 $3,599 $284,800 $0 $0
2020 $3,536 $264,900 $0 $0
2019 $3,550 $252,500 $0 $0
2018 $3,465 $235,000 $0 $0
2017 -- $231,700 $0 $0
2016 -- $225,400 $0 $0
2014 -- $213,200 $0 $0
2012 -- $208,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1887248

Northern Great Lakes REALTORS® MLS

APN: 03-110-054-00