NOT LISTED FOR SALE

1400 Lake Dr Traverse City, MI 49685

Estimated Value: $357,000 - $431,000

3 Beds
2 Baths
1,300 Sq Ft
$299/Sq Ft Est. Value

Last Sold September 27, 2013

Last sale price $140,000 $108 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $2,366/month

66 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Wooded Lot
  • 100 Feet of Waterfront
  • Deck
  • 2 Car Attached Garage

About This Home

As of September 2013

Walk to sandy Silver Lake frontage from this nice tri-level only 5 minutes to the GT Mall & 10 minutes to downtown TC! 3-Bedroom, 2-Bath, w/newly finished daylight lower level which can be nice family room or as currently being used as Master Suite/4th bedroom! 2-Car attached garage, bright/open floor plan, fairly private setting & at least 2 shared access points on Silver Lake within a 3 minute walk out the front door!! Qualifies for 0-down & FHA financing! Super extra insulation added & good for people with allergies with no carpet on main & upper levels. Quick possession possible!!

Last Agent to Sell the Property

Carol Franklin

BAYSHORE GROUP REALTY License #6502364792 Listed on: 07/18/2013

Last Buyer's Agent

Rita Rathburn

Berkshire Hathaway Homeservices - TC License #6501239089

Berkshire Hathaway Homeservices - TC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,886

Year Built

  • Built in 1996

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 103'x148'x105'x124'
  • 100 Feet of Waterfront
  • Sandy Beach
  • Level Lot
  • Cleared Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Home Design

  • 1,300 Sq Ft Home
  • Tri-Level Property
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Kitchen

  • Oven or Range
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Partial Basement
  • Crawl Space
  • Basement Windows
  • Basement Window Egress

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Gravel Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Deck

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

$3,886

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Tri-Level
  • Estimated Year Built: 1996
  • Construction: Frame
  • Private Shared: Shared
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1996
  • Year Renovated: 2008

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher
  • Interior Amenities: Island Kitchen, Drywall
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 12'x10', On Level: Upper Floor, Flooring: Vinyl
  • Bedroom 2: Dimensions: 11'x10', On Level: Upper Floor, Flooring: Vinyl
  • Bedroom 3: Dimensions: 11'x8', On Level: Upper Floor, Flooring: Vinyl
  • Total Bathrooms: 2
  • Number of Lower Level Bathrooms: 1
  • Full Bathrooms: 2
  • Dining Room: Dimensions: 11'x10', On Level: Main Floor, Flooring: Vinyl
  • Family Room: Dimensions: 16'x15', On Level: Lower Floor, Flooring: Carpet
  • Kitchen: Dimensions: 11'x10', On Level: Main Floor, Flooring: Vinyl
  • Living Room: Dimensions: 14'x12', On Level: Main Floor, Flooring: Vinyl
  • Range: R 11W
  • Total Finished Sf Apx: 1300

Exterior Features

  • Body Of Water: Silver Lake
  • Exterior Features: Deck
  • Exterior Finish: Vinyl
  • Foundation: Walkout, Partial, Crawl Space, Daylight Windows, Finished Rooms, Egress Windows
  • Number Of Acres: 0.32
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: All Sports, Sandy Bottom, Sandy Shoreline
  • Waterfront Frontage: 100

Garage/Parking

  • Driveway: Gravel
  • Garage Capacity: 2
  • Primary Garage: Attached, Door Opener

Utilities

  • Heating Cooling Types: Forced Air
  • Laundry: On Level: Lower Floor
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet, WiFi
  • Water: Private Well

Association/Amenities

  • Development Name: Silver Pines Resort

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Cleared, Wooded, Level
  • Lot Dimensions: 103'x148'x105'x124'
  • 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 18, 2013
Closed on
Sep 23, 2013
Seller's Agent
Carol Franklin
BAYSHORE GROUP REALTY
Buyer's Agent
Rita Rathburn
Berkshire Hathaway Homeservices - TC
List Price
$149,900
Sold Price
$140,000
Premium/Discount to List
-$9,900
-6.6%
Current Estimated Value
$388,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,125
Avg. Annual Appreciation
8.80%

Purchase Details

Closed on
Sep 28, 2011

Purchase Details

Closed on
May 28, 2010

Purchase Details

Closed on
Mar 2, 2010

Purchase Details

Closed on
Sep 2, 2009

Purchase Details

Closed on
Jan 24, 1997

Purchase Details

Closed on
Oct 22, 1996

Purchase Details

Closed on
May 10, 1996
Source: Public Records

Range of Values:

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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
-- $140,000 --
-- $103,800 --
-- $97,900 --
-- $157,400 --
-- $157,400 --
-- $92,900 --
-- $16,500 --
-- $12,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2013 09/27/13 Sold $140,000 -6.6% $108 / Sq Ft
09/22/2013 09/22/13 Pending -- -- --
07/18/2013 07/18/13 For Sale $149,900 -- $115 / 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 $3,886 $142,300 $0 $0
2024 $3,131 $126,800 $0 $0
2023 $2,989 $93,700 $0 $0
2022 $3,541 $99,500 $0 $0
2021 $3,425 $93,700 $0 $0
2020 $3,389 $87,900 $0 $0
2019 $3,382 $82,200 $0 $0
2018 $0 $87,300 $0 $0
2017 -- $80,200 $0 $0
2016 -- $78,300 $0 $0
2014 -- $68,500 $0 $0
2012 -- $66,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1749078

Northern Great Lakes REALTORS® MLS

APN: 05-295-068-00