$435,000
SOLD JUN 2, 2025

1431 Lake Dr Traverse City, MI 49685

3 Beds
1 Bath
1,173 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$371 Per Sq Ft

0 Day on Market

Highlights

  • Private Waterfront
  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Deeded Waterfront Access Rights
  • 1 Car Attached Garage
  • Private Driveway

About This Home

As of June 2025

Created sale.

Last Agent to Sell the Property

Ann Porter

REO-TCRandolph-233022 License #6506044226 Listed on: 05/31/2025

REO-TCRandolph-233022

Last Buyer's Agent

Katie Tester

REO-TCFront-233021 License #6501382697

REO-TCFront-233021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,371

Year Built

  • Built in 1955

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 50x178
  • Private Waterfront
  • 50 Feet of Waterfront
  • Level Lot
  • The community has rules related to zoning restrictions

Home Design

  • Ranch Style House
  • Fixer Upper
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 1,173 Sq Ft Home
  • Water Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Car Attached Garage
  • Private Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake

Utilities

  • Forced Air Heating and Cooling System
  • Well

Community Details

Overview

  • Silver Pines Resort Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,371

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, 1 Story
  • Estimated Year Built: 1955
  • Construction: Frame
  • Private Shared: Private
  • Section Number: 30
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1955

Interior Features

  • Interior Amenities: Fixer-Upper, Drywall
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 12x11
  • Total Bathrooms: 1
  • Primary Bathroom: Shared
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Primary: Yes
  • Kitchen: Dimensions: 8x8
  • Living Room: Dimensions: 14x13
  • Estimated Above Ground Finished Sq Ft: 1173
  • Price Per Sq Ft: 370.84
  • Range: R 11W
  • Total Finished Sf Apx: 1173

Exterior Features

  • Body Of Water: Silver Lake
  • Number Of Acres: 0.2
  • Road: Public Maintained
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), All Sports, Water View, Public Lake
  • Waterfront Frontage: 50

Garage/Parking

  • Driveway: Private
  • Garage Capacity: 1
  • Primary Garage: Attached

Utilities

  • Heating Cooling Types: Forced Air
  • Laundry: On Level: Main Floor
  • Sewer: Private Septic
  • Tv Service Internet Avail: Unknown
  • Water: Private Well

Association/Amenities

  • Development Name: Silver Pines Resort

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Level, Sloping
  • Lot Dimensions: 50x178
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2003
Current Estimated Value
$433,952
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 Type Sale Price Title Company
Deed $100 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 Sold $435,000 0.0% $371 / Sq Ft
05/31/2025 05/31/25 Pending -- -- --
05/31/2025 05/31/25 For Sale $435,000 -- $371 / 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 $4,371 $140,400 $0 $0
2024 $3,522 $147,700 $0 $0
2023 $3,362 $98,700 $0 $0
2022 $4,049 $107,900 $0 $0
2021 $3,918 $98,700 $0 $0
2020 $3,877 $84,400 $0 $0
2019 $4,435 $102,700 $0 $0
2018 $0 $101,100 $0 $0
2017 -- $90,800 $0 $0
2016 -- $104,800 $0 $0
2014 -- $88,300 $0 $0
2012 -- $122,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1934651

Northern Great Lakes REALTORS® MLS

APN: 05-295-012-00