NOT LISTED FOR SALE

1584 Lake Dr Traverse City, MI 49685

Estimated Value: $374,000 - $614,000

2 Beds
1.5 Baths
1,092 Sq Ft
$452/Sq Ft Est. Value

Last Sold September 08, 2020

Last sale price $186,000 $170 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $3,093/month

21 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Deck
  • 50 Feet of Waterfront
  • Countryside Views
  • Wooded Lot

About This Home

As of September 2020

Wonderful location for this home with so much potential! You will enjoy your shared Silver Lake frontage, large back yard with storage shed and being just minutes from downtown. This two bed, one and a half bathroom home has an unfinished basement and workshop you can make into what you want. Large garage/barn to store cars and toys. Great opportunity and priced to sell.

Last Agent to Sell the Property

Katie Tester

REO-TCFront-233021 License #6501382697 Listed on: 08/10/2020

REO-TCFront-233021

Last Buyer's Agent

Sam Flamont

The Mitten Real Estate Group License #6502431112

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 0.4 Acre Lot
  • 50 Feet of Waterfront
  • Sandy Beach
  • Wooded Lot
  • The community has rules related to zoning restrictions

Property Views

  • Countryside Views
  • Seasonal Views

Home Design

  • Ranch Style House
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,092 Sq Ft Home
  • Unfinished Basement
  • Walk-Out Basement
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Deck
  • Shed

Schools

  • Traverse City West Middle School
  • Traverse City West Senior High School

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

Overview

  • Silver Pines Resort Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch
  • Estimated Year Built: 1940
  • Construction: Frame
  • Private Shared: Shared
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1940

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Washer, Dryer, Natural Gas Water Heater
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 10.2x9, On Level: Main Floor, Flooring: Wood
  • Bedroom 2: Dimensions: 10.4x10, On Level: Main Floor, Flooring: Wood
  • Total Bathrooms: 1.5
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 10x10, On Level: Main Floor, Flooring: Wood
  • Family Room: Dimensions: 12.9x13.4, On Level: Main Floor, Flooring: Carpet
  • Kitchen: Dimensions: 9.8x7, On Level: Main Floor, Flooring: Laminate
  • Living Room: Dimensions: 15.3x13, On Level: Main Floor, Flooring: Wood
  • Other Room: Dimensions: 15x20, On Level: Lower Floor
  • Range: R 11W
  • Total Finished Sf Apx: 1092

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Body Of Water: Silver Lake
  • Exterior Features: Deck, Countryside View, Seasonal View
  • Exterior Finish: Wood
  • Foundation: Walkout, Block, Entrance Outside, Plumbed for Bath, Unfinished, Entrance Inside
  • Number Of Acres: 0.4
  • Road: Blacktop
  • Roof: Asphalt
  • Water Features: Inland Lake, All Sports, Sandy Bottom, Public Lake
  • Waterfront Frontage: 50

Garage/Parking

  • Driveway: Gravel
  • Garage Capacity: 2
  • Primary Garage: Detached

Utilities

  • Heating Cooling Types: Forced Air
  • Laundry: Dimensions: 10x6, On Level: Lower Floor
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Private Well

Association/Amenities

  • Development Name: Silver Pines Resort

Condo/Co-op/Association

  • Pending Divisional Apprvl: Yes

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Wooded-Hardwoods, Evergreens
  • Lot Dimensions: see survey
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

MLS Schools

  • 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

Closed on
Feb 29, 2016
Current Estimated Value
$494,000

Purchase Details

Listed on
Sep 7, 2011
Closed on
Jun 15, 2012
Seller's Agent
Matthew Dakoske
REMAX Bayshore - Union St TC
Buyer's Agent
Matthew Dakoske
REMAX Bayshore - Union St TC
List Price
$144,900
Sold Price
$115,000
Premium/Discount to List
-$29,900
-20.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.51%

Purchase Details

Closed on
May 12, 1997

Purchase Details

Closed on
Sep 4, 1996
Source: Public Records

Range of Values:

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Average Value
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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
-- -- --
-- $115,000 --
-- -- --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2020 09/08/20 Sold $186,000 +3.3% $170 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
08/10/2020 08/10/20 For Sale $180,000 +56.5% $165 / Sq Ft
06/15/2012 06/15/12 Sold $115,000 -20.6% $84 / Sq Ft View Prior Sale
05/22/2012 05/22/12 Pending -- -- --
09/07/2011 09/07/11 For Sale $144,900 -- $106 / 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 -- $0 $0 $0
2024 -- $0 $0 $0
2021 -- $183,407 $0 $0
2020 $0 $84,100 $0 $0
2019 $0 $86,000 $0 $0
2018 $0 $78,800 $0 $0
2017 -- $70,400 $0 $0
2016 -- $83,000 $0 $0
2014 -- $56,800 $0 $0
2012 -- $73,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1878484

Northern Great Lakes REALTORS® MLS

APN: 05-295-048-00