NOT LISTED FOR SALE

1571 Lake Dr Traverse City, MI 49685

Estimated Value: $529,000 - $744,000

4 Beds
3 Baths
2,268 Sq Ft
$295/Sq Ft Est. Value

Last Sold August 17, 2017

Last sale price $360,000 $159 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $4,077/month

56 Days on Market

Highlights

  • Private Waterfront
  • Private Dock
  • Ranch Style House
  • Deeded Waterfront Access Rights
  • Deck
  • Mud Room

About This Home

As of August 2017

Private frontage on popular all-sports Silver Lake, well known for boating, swimming, fishing & close proximity to TC. Beautiful lake views from the deck which runs the full length of the house. Wide part of the lake w/ remarkable sunset views. 3 section dock included, deep water at end. Picture window in sunken living room looks out to water & island. Kitchen/dining w/ slate floor has sliding door to deck. Walk-out lower level w/ sliding doors to patio lakeside. White brick gas f/p w/ marble mantle/hearth in living room, wood f/p in family room. Built in bookcases. Mature landscaping.

Last Agent to Sell the Property

Marsha Minervini

REMAX Bayshore - Union St TC License #6501278275 Listed on: 06/16/2017

REMAX Bayshore - Union St TC

Last Buyer's Agent

Michael Mitchell

REO-TCRandolph-233022 License #6501200118

REO-TCRandolph-233022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,648

Year Built

  • Built in 1970

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 75 x 190
  • Private Waterfront
  • 75 Feet of Waterfront
  • Sloped Lot
  • Cleared Lot
  • 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

  • 2,268 Sq Ft Home
  • Bookcases
  • Paneling
  • Wood Burning Fireplace
  • Gas Fireplace
  • Mud Room
  • Entrance Foyer
  • Workshop
  • Water Views
  • Cooktop

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Parking

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

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Private Dock
  • Balcony
  • Deck
  • Patio

Schools

  • Silver Lake Elementary School

Utilities

  • Zoned Heating and Cooling
  • Well
  • Cable TV Available

Community Details

Overview

  • Silver Pines Resort Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,648

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch
  • Estimated Year Built: 1970
  • Construction: Frame
  • Private Shared: Private
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1970

Interior Features

  • Appliances Equipment: Refrigerator, Washer, Dryer, Wall Oven, Cook Top, Smoke Alarms(s)
  • Interior Amenities: Built-In Bookcase, Foyer Entrance, Mud Room, Workshop, Drywall, Paneling
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 11.07x10.07, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 11.04x8.9, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 12.11x12.09, On Level: Main Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 12.11x10.09, On Level: Lower Floor, Flooring: Carpet
  • Total Bathrooms: 3
  • Primary Bathroom: Private
  • Number of Lower Level Bathrooms: 1
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 3
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 22.0xcombo, On Level: Main Floor, Flooring: Other
  • Family Room: Dimensions: 34.06x12.09, On Level: Lower Floor, Flooring: Carpet
  • Kitchen: Dimensions: combox9.7, On Level: Main Floor, Flooring: Other
  • Living Room: Dimensions: 20.02x13.03, On Level: Main Floor, Flooring: Carpet
  • Range: R 11W
  • Total Finished Sf Apx: 2268

Exterior Features

  • Body Of Water: Silver Lake
  • Exterior Features: Balcony, Deck, Patio
  • Exterior Finish: Vinyl
  • Foundation: Full, Walkout, Block, Finished Rooms, Egress Windows, Plumbed for Bath
  • Number Of Acres: 0.39
  • Road: Blacktop, Public Maintained
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), All Sports, Water View, Private Dock, Gradual Slope to Water, Public Lake
  • Waterfront Frontage: 75

Garage/Parking

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

Utilities

  • Fireplaces And Stoves: Fireplace(s), Gas, Wood
  • Heating Cooling Types: Zoned/Dual
  • Laundry: Dimensions: 19.02x8.09, On Level: Lower Floor, Flooring: Carpet
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Private Well

Association/Amenities

  • Development Name: Silver Pines Resort

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Cleared, Sloping
  • Lot Dimensions: 75 x 190
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

MLS Schools

  • Elementary School: Silver Lake Elementary School
  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2017
Closed on
Aug 18, 2017
Sold by
Robert Horstman H
Bought by
Guild Randall J Te and Guild Sarah S Te
Seller's Agent
Marsha Minervini
REMAX Bayshore - Union St TC
Buyer's Agent
Michael Mitchell
REO-TCRandolph-233022
List Price
$399,000
Sold Price
$360,000
Premium/Discount to List
-$39,000
-9.77%
Current Estimated Value
$669,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,741
Avg. Annual Appreciation
7.82%

Purchase Details

Closed on
Jul 27, 2015

Purchase Details

Closed on
Mar 15, 1995
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
Guild Randall J Te $360,000 --
-- -- --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2017 08/17/17 Sold $360,000 -9.8% $159 / Sq Ft
08/11/2017 08/11/17 Pending -- -- --
06/16/2017 06/16/17 For Sale $399,000 -- $176 / 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 $6,648 $331,400 $0 $0
2024 $4,491 $298,900 $0 $0
2023 $4,297 $201,200 $0 $0
2022 $6,086 $222,700 $0 $0
2021 $5,393 $201,200 $0 $0
2020 $8,850 $194,600 $0 $0
2019 $8,854 $191,600 $0 $0
2018 $0 $187,900 $0 $0
2017 -- $171,600 $0 $0
2016 -- $189,600 $0 $0
2014 -- $168,500 $0 $0
2012 -- $180,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1834116

Northern Great Lakes REALTORS® MLS

APN: 05-295-025-00