NOT LISTED FOR SALE

1588 E Arbutus Lake Rd Traverse City, MI 49696

Estimated Value: $744,000 - $1,609,638

3 Beds
2 Baths
2,403 Sq Ft
$466/Sq Ft Est. Value

Last Sold July 15, 2021

Last sale price $1,200,000 $499 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $7,549/month

38 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • Guest House
  • Courtade Elementary School Rated A-
  • Private Dock
  • Sandy Beach

About This Home

As of July 2021

Amazing lodge style home on Arbutus Lake! Your private, secluded paradise awaits you at this ultra rare property just a short drive outside of Traverse City. In addition to the main house, there are 3 additional sleeping cabins (comfortably sleeps an additional 7 adults) + separate shower house w/ a 3rd bath & outdoor shower, & laundry/workshop. The incomparable setting of "Camp Loch Loon" boasts stunning panoramic lake views, sprawling professionally designed landscaping, + 700' of private frontage. This custom gem boasts handcrafted log timber frame, wood floors & ceilings, massive beams, + floor-to-ceiling windows framing superb lake views creating a feeling of sumptuous comfort & warmth. The home's great room with wood F/P & gas starter, dreamy chef's kitchen, covered outdoor porch w/ built-in gas grill, and water-facing deck bring families & friends together for fun, entertainment, meals and socializing. Those who enjoy a little more quiet time at night will appreciate retiring to the screened in sleep-porch or one of the delightful guest cabins, each with it's own distinct charm & unique personality for quiet time, reading, relaxing, and the best night's sleep you can imagine. Spend hours lounging in the sun on the dock, boating, kayaking, fishing (with all of your supplies tucked in the handy storage shed at the top of the lake stairs), or barbecuing on the deck while taking in the sights & sounds of the beautiful water at this private lake. The property is like your own personal resort which is set off the main road down a long, private driveway where you will appreciate the lush natural landscaping paired w/ established perennial gardens & towering mature trees that have thankfully been left intact to maintain the integrity of this enchanting location. For those wanting to experience an authentic northern Michigan lakefront w/ modern conveniences, this is truly the home to enjoy. Click on virtual tour link for an incredibly realistic view of the interior!

Last Agent to Sell the Property

Mark Hagan

Coldwell Banker Schmidt Traver License #6506006708 Listed on: 06/07/2021

Coldwell Banker Schmidt Traver

Last Buyer's Agent

Linda Schaub

REO-TCRandolph-233022 License #6501290614

REO-TCRandolph-233022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,368

Year Built

  • Built in 1999

Lot Details

  • 3.99 Acre Lot
  • Private Waterfront
  • 700 Feet of Waterfront
  • Sandy Beach
  • Property has an invisible fence for dogs
  • Bluff on Lot
  • Landscaped
  • Sloped Lot
  • Sprinkler System
  • Wooded Lot
  • Garden
  • The community has rules related to zoning restrictions

Home Design

  • Cottage
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 2,403 Sq Ft Home
  • Beamed Ceilings
  • Ceiling Fan
  • Wood Burning Fireplace
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Great Room
  • Screened Porch
  • Water Views
  • Crawl Space

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • Gravel Driveway
  • Paved Parking

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Private Dock
  • Deck
  • Outdoor Grill

Additional Homes

  • Guest House

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • Water Filtration System
  • Well
  • Propane Water Heater
  • Satellite Dish

Community Details

Overview

  • Metes And Bounds Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,368

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Cottage
  • Estimated Year Built: 1999
  • Construction: Frame, Timber Frame
  • Private Shared: Private
  • Section Number: 10
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1999

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Water Filtration System, Freezer, Exhaust Fan, Blinds, Drapes, Curtain Rods, Ceiling Fan, Electric Water Heater, Propane Water Heater, Smoke Alarms(s), Satellite Dish
  • Interior Amenities: Foyer Entrance, Walk-In Closet(s), Pantry, Granite Kitchen Tops, Island Kitchen, Great Room, Beamed Ceilings
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 23x14, On Level: Upper Floor, Flooring: Wood
  • Bedroom 2: Dimensions: 13.6x11, On Level: Main Floor, Flooring: Wood
  • Bedroom 3: Dimensions: 13.6x11, On Level: Main Floor, Flooring: Wood
  • Total Bathrooms: 2
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Number of Three Quarter Bathrooms: 1
  • Main Floor Primary: No
  • Dining Room: Dimensions: Combox19, On Level: Main Floor, Flooring: Wood
  • Kitchen: Dimensions: 18.5x12, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 22xCombo, On Level: Main Floor, Flooring: Wood
  • Estimated Above Ground Finished Sq Ft: 2403
  • Price Per Sq Ft: 499.38
  • Range: R 10W
  • Total Finished Sf Apx: 2403

Exterior Features

  • Additional Buildings: Guest House
  • Body Of Water: Arbutus Lake
  • Exterior Features: Sprinkler System, Deck, Covered Porch, Invisible Pet Fencing, Landscaped, Garden Area, Built-in Grill, Porch, Screened Porch
  • Exterior Finish: Stone, Wood
  • Foundation: Crawl Space, Block
  • Number Of Acres: 3.99
  • Road: Gravel, Shared, Privately Maintained
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Private Dock, Soft Bottom, Bluff (less than 10ft), Public Lake, Stony Bottom, Sandy Shoreline
  • Waterfront Frontage: 700

Garage/Parking

  • Driveway: Blacktop, Gravel
  • Primary Garage: Carport, Paved Driveway

Utilities

  • Fireplaces And Stoves: Fireplace(s), Wood
  • Heating Cooling Types: Baseboard, Wall
  • Laundry: On Level: Main Floor
  • Sewer: Private Septic
  • Tv Service Internet Avail: Dish TV, WiFi
  • Water: Private Well

Association/Amenities

  • Development Name: metes and bounds

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Wooded-Hardwoods, Wooded, Evergreens, Sloping, Bluff Site
  • Lot Dimensions: see documents
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential, Outbuildings Allowed

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 1998
Current Estimated Value
$1,119,910
Source: Public Records

Range of Values:

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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
-- $179,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2021 07/15/21 Sold $1,200,000 -20.0% $499 / Sq Ft
07/15/2021 07/15/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $1,500,000 -- $624 / 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 $17,368 $589,900 $0 $0
2024 $13,964 $534,700 $0 $0
2023 $13,330 $370,800 $0 $0
2022 $15,646 $350,500 $0 $0
2021 $11,013 $370,800 $0 $0
2020 $10,836 $340,700 $0 $0
2019 $10,786 $294,600 $0 $0
2018 $10,530 $264,100 $0 $0
2017 -- $260,000 $0 $0
2016 -- $249,900 $0 $0
2014 -- $229,800 $0 $0
2012 -- $220,940 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1888423

Northern Great Lakes REALTORS® MLS

APN: 03-110-009-20