NOT LISTED FOR SALE

1491 Lake Dr Traverse City, MI 49685

Estimated Value: $572,000 - $667,537

2 Beds
1.5 Baths
1,311 Sq Ft
$483/Sq Ft Est. Value

Last Sold December 22, 2020

Last sale price $437,000 $333 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,774/month

5 Days on Market

Highlights

  • Private Waterfront
  • Private Dock
  • Deck
  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Wooded Lot

About This Home

As of December 2020

100 feet of private sandy frontage on Silver Lake, almost 1/2 an acre of mature trees, a detached 2.5 car garage and within 7 minutes of downtown Traverse City are some of the highlights of this fantastic home for sale. Inside you will find 2 bedrooms and 1.5 baths (the half bath is a 'Pittsburgh Potty' in the lower level), a cozy living room with fireplace, sitting room on the lake side, office and lower level storage and laundry. Updates include and new well in 2012, new septic in 2016 and new furnace in 2017. Enjoy days at the lake and evenings around the fire pit outside or snuggled up inside! Bonus - the dock, raft and boat hoist are included in the sale so you are ready for next summer!

Last Agent to Sell the Property

Katie Tester

REO-TCFront-233021 License #6501382697 Listed on: 09/24/2020

REO-TCFront-233021

Last Buyer's Agent

Danielle Jerome

Coldwell Banker Schmidt Traver License #6501377986

Coldwell Banker Schmidt Traver

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,308

Year Built

  • Built in 1950

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100x200
  • Private Waterfront
  • 100 Feet of Waterfront
  • Sandy Beach
  • Sloped Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Home Design

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

Interior Spaces

  • 1,311 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Fireplace
  • Den
  • Solarium
  • Unfinished Basement
  • Crawl Space

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Private Dock
  • Deck
  • Rain Gutters
  • Porch

Schools

  • Central Grade Elementary School
  • Traverse City West Middle School
  • Traverse City West Senior High School

Utilities

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

Community Details

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,308

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch
  • Estimated Year Built: 1950
  • Construction: Frame
  • Private Shared: Private
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1950

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Washer, Dryer, Exhaust Fan, Ceiling Fan
  • Interior Amenities: Skylights, Solarium/Sun Room, Den/Study, Vaulted Ceilings, Drywall
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 13x11.1, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 13x8, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 1.5
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 9x9.1, On Level: Main Floor, Flooring: Wood
  • Kitchen: Dimensions: 9x9, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 13x16, On Level: Main Floor, Flooring: Wood
  • Range: R 11W
  • Total Finished Sf Apx: 1311

Exterior Features

  • Body Of Water: Silver Lake
  • Exterior Features: Deck, Porch, Gutters
  • Exterior Finish: Vinyl
  • Foundation: Crawl Space, Block, Slab, Entrance Outside, Plumbed for Bath, Unfinished
  • Number Of Acres: 0.46
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), All Sports, Private Dock, Sandy Bottom, Gradual Slope to Water, Public Lake, Sandy Shoreline
  • Waterfront Frontage: 100

Garage/Parking

  • Driveway: Blacktop, Concrete
  • Garage Capacity: 2
  • Primary Garage: Detached, Door Opener, Paved Driveway, Concrete Floors

Utilities

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

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Wooded-Hardwoods, Wooded, Sloping
  • Lot Dimensions: 100x200
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

MLS Schools

  • Elementary School: Central Grade School
  • HighSchool: Traverse City West Senior High School
  • School District: Traverse City Area Public Schools
  • Middle School: Traverse City West Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Dec 21, 2020
Sold by
Ackerman Donald Z
Bought by
Birach James and Weaver Susan M
Seller's Agent
Katie Tester
REO-TCFront-233021
Buyer's Agent
Danielle Jerome
Coldwell Banker Schmidt Traver
List Price
$425,000
Sold Price
$437,000
Premium/Discount to List
$12,000
2.82%
Current Estimated Value
$633,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,384
Avg. Annual Appreciation
7.95%

Purchase Details

Closed on
Oct 7, 2005
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
Birach James $437,000 --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2020 12/22/20 Sold $437,000 +2.8% $333 / Sq Ft
09/24/2020 09/24/20 For Sale $425,000 -- $324 / 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 $5,308 $312,300 $0 $0
2024 $3,586 $296,000 $0 $0
2023 $3,431 $173,600 $0 $0
2022 $4,914 $199,600 $0 $0
2021 $4,753 $173,600 $0 $0
2020 $4,040 $146,400 $0 $0
2019 $4,500 $168,000 $0 $0
2018 $0 $163,900 $0 $0
2017 -- $152,000 $0 $0
2016 -- $163,000 $0 $0
2014 -- $151,700 $0 $0
2012 -- $159,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1880282

Northern Great Lakes REALTORS® MLS

APN: 05-295-019-00