NOT LISTED FOR SALE

166 E Traverse Lake Rd Cedar, MI 49621

Estimated Value: $930,000 - $1,620,000

5 Beds
3.5 Baths
3,600 Sq Ft
$383/Sq Ft Est. Value

Last Sold December 14, 2012

Last sale price $450,000 $125 Per Sq Ft

Est. 207% increase in value since last sale

Current estimated payment $7,985/month

315 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Leland Public School Rated A-
  • Private Dock
  • Deck

About This Home

As of December 2012

A rare find on N shore of Little Traverse Lake. Well maintained contemporary w/103’ frontage & depth of over 600’. National Park property across the road for hiking & skiing. Offered essentially turn key (furnished) w/a few exceptions, dock, two lifts, & small flotilla for unending summer fun on the lake! Large living room w/cut stone gas f/p & t/g pine walls, separate family room, & loft area game room w/ping pong & pool table. Main level master suite & lots of other beds to accommodate a large group.

Last Agent to Sell the Property

Rob Serbin

Serbin Real Estate License #6502352434 Listed on: 01/17/2012

Last Buyer's Agent

Rob Serbin

Serbin Real Estate License #6502352434 Listed on: 01/17/2012

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1976

Lot Details

  • 1.43 Acre Lot
  • Lot Dimensions are 103x613x102x610
  • Private Waterfront
  • 103 Feet of Waterfront
  • Sandy Beach
  • Wooded Lot
  • The community has rules related to zoning restrictions

Property Views

  • Water
  • Ski Resort

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Skylights
  • Gas Fireplace
  • Entrance Foyer
  • Solarium
  • Crawl Space
  • Home Security System

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3.5 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Deeded Waterfront Access Rights
  • Private Dock
  • Deck

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Well
  • Water Softener is Owned

Community Details

  • Water Sports

Home Details

Home Type

Single Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story, Contemporary
  • Estimated Year Built: 1976
  • Construction: Timber Frame
  • Private Shared: Private
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1976
  • Year Renovated: 2003

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Water Softener Owned, Washer, Dryer, Window A/C Unit(s), Security System
  • Interior Amenities: Skylights, Cathedral Ceilings, Foyer Entrance, Solarium/Sun Room
  • Bedrooms: 5
  • Bedroom 1: Dimensions: 16'2"x15'2", On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 13'x11'6", On Level: Upper Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 13'6"x11'6", On Level: Upper Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 21'6"x16', On Level: Upper Floor, Flooring: None
  • Total Bathrooms: 3.5
  • Primary Bathroom: Private
  • Dining Room: Dimensions: 11'9"x11'7", On Level: Main Floor, Flooring: None
  • Family Room: Dimensions: 19'6"x18'2", On Level: Main Floor, Flooring: None
  • Kitchen: Dimensions: 11'2"x10'2", On Level: Main Floor, Flooring: None
  • Living Room: Dimensions: 31'4"x15'6", On Level: Main Floor, Flooring: Carpet
  • Total Finished Sf Apx: 3600

Exterior Features

  • Body Of Water: Little Traverse Lake
  • Exterior Features: Deck, Ski Slope View
  • Exterior Finish: Wood
  • Foundation: Crawl Space, Block
  • Number Of Acres: 1.43
  • Road: Public Maintained, Blacktop
  • Roof: Metal
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Private Dock, Sandy Bottom, Gradual Slope to Water, Sandy Shoreline
  • Waterfront Frontage: 103

Garage/Parking

  • Garage Capacity: 2
  • Primary Garage: Detached, Door Opener

Utilities

  • Fireplaces And Stoves: Fireplace(s), Gas
  • Heating Cooling Types: Baseboard
  • Sewer: Private Septic
  • Water: Private Well

Association/Amenities

  • Development Name: metes & bounds

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Wooded-Hardwoods
  • Lot Dimensions: 103X613X102X610
  • Mineral Rights: Unknown
  • Parcel Description: Joins State/Federal Land, Metes and Bounds
  • Zoning Use Restrictions: Residential, Unknown

Green Features

  • Energy Efficient: Energy Efficient Windows

MLS Schools

  • School District: Leland Public School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2012
Closed on
Dec 14, 2012
Sold by
Chatterley Doris H Trust
Bought by
Fallon William H and Fallon Mary T
Seller's Agent
Rob Serbin
Serbin Real Estate
Buyer's Agent
Rob Serbin
Serbin Real Estate
List Price
$685,000
Sold Price
$450,000
Premium/Discount to List
-$235,000
-34.31%
Current Estimated Value
$1,379,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$929,312
Avg. Annual Appreciation
8.98%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fallon William H $450,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2012 12/14/12 Sold $450,000 -34.3% $125 / Sq Ft
11/27/2012 11/27/12 Pending -- -- --
01/17/2012 01/17/12 For Sale $685,000 -- $190 / 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 $8,844 $522,000 $0 $0
2024 $7,121 $503,300 $0 $0
2023 $7,055 $473,400 $0 $0
2022 $7,854 $432,200 $0 $0
2021 $7,441 $317,800 $0 $0
2020 $7,441 $339,600 $0 $0
2019 $6,270 $260,700 $0 $0
2018 -- $313,500 $0 $0
2017 -- $314,400 $0 $0
2016 -- $313,500 $0 $0
2015 -- $225,300 $0 $0
2014 -- $234,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rob Serbin

    Seller's Agent in 2012

    Rob Serbin

    Serbin Real Estate

    (231) 334-3018

    121 Total Sales

    Rob Serbin
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1732691

Northern Great Lakes REALTORS® MLS

APN: 003-011-008-00

Michigan Leelanau County Cedar 49621

166 E Traverse Lake Rd, Cedar, MI

Not Listed for Sale

Detached

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Northern Great Lakes REALTORS® MLS The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

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