$268,000
SOLD APR 25, 2013

2194 Gibbs Rd Traverse City, MI 49696

4 Beds
2 Baths
1,462 Sq Ft
1.1 Acres

Recently Sold

$183 Per Sq Ft

4% Below List Price

17 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Central High School Rated A-
  • Private Dock
  • 1.1 Acre Lot

About This Home

As of November 2019

Classic up-north cottage w/ a 1+ acre double lot on Arbutus Lake. One step inside this clean, welcoming & updated cottage & you'll want to stay all summer. Highlights incl. knotty pine, a stone fireplace & vaulted ceiling in the living room, wide water views from numerous windows, & an attached bunk house. The 293' of frontage has a sandy beach, sand-bottom & private dock. The DNR gives Arbutus Lake an A+ for cleanliness. Property is very close to Brown Bridge quiet area. Many updates in the last 8 years.

Last Agent to Sell the Property

Mike Street

Coldwell Banker Schmidt Traver License #6502115027 Listed on: 03/04/2013

Coldwell Banker Schmidt Traver

Last Buyer's Agent

Mike Street

Coldwell Banker Schmidt Traver License #6502115027 Listed on: 03/04/2013

Coldwell Banker Schmidt Traver

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,700

Year Built

  • Built in 1925

Lot Details

  • 1.1 Acre Lot
  • Lot Dimensions are 156x233x293x207
  • Private Waterfront
  • 293 Feet of Waterfront
  • Sandy Beach
  • Wooded Lot
  • The community has rules related to zoning restrictions

Property Views

  • Water Views
  • Countryside Views

Home Design

  • Cottage
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,462 Sq Ft Home
  • 1-Story Property
  • Bookcases
  • Cathedral Ceiling
  • Fireplace
  • Crawl Space
  • Dryer

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deeded Waterfront Access Rights
  • Private Dock
  • Deck

Utilities

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

Community Details

Overview

  • Fairview Point Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,700

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Cottage, 1 Story
  • Estimated Year Built: 1925
  • Construction: Frame, Timber Frame
  • Private Shared: Private
  • Section Number: 16
  • Year Updated: 2007
  • Year Renovated: 2007
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1925

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Microwave, Dryer
  • Interior Amenities: Cathedral Ceilings, Built-In Bookcase
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 13.10x09.06, On Level: Main Floor, Flooring: Wood
  • Bedroom 2: Dimensions: 10.05x09.08, On Level: Main Floor, Flooring: Wood
  • Bedroom 3: Dimensions: 10.06x08.06, On Level: Main Floor, Flooring: Wood
  • Bedroom 4: Dimensions: 10.07x09.06, On Level: Main Floor, Flooring: Wood
  • Total Bathrooms: 2
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 2
  • Dining Room: Dimensions: 21.06xCombo, On Level: Main Floor, Flooring: Vinyl
  • Kitchen: Dimensions: Combox10.07, On Level: Main Floor, Flooring: Vinyl
  • Living Room: Dimensions: 21.06x17.04, On Level: Main Floor, Flooring: Wood
  • Estimated Above Ground Finished Sq Ft: 1462
  • Price Per Sq Ft: 183.31
  • Range: R 10W
  • Total Finished Sf Apx: 1462

Exterior Features

  • Body Of Water: Arbutus Lake
  • Exterior Features: Deck, Countryside View
  • Exterior Finish: Wood, Rough-Sawn
  • Foundation: Crawl Space
  • Number Of Acres: 1.1
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Private Dock, Sandy Bottom, Sandy Shoreline
  • Waterfront Frontage: 293

Garage/Parking

  • Driveway: Dirt

Utilities

  • Fireplaces And Stoves: Fireplace(s)
  • Heating Cooling Types: Forced Air
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV
  • Water: Private Well

Association/Amenities

  • Development Name: Fairview Point

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Number: 3-4
  • Deeded Waterfront: Yes
  • Land Features: Wooded-Hardwoods
  • Lot Dimensions: 156x233x293x207
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential, Unknown

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2019
Closed on
Nov 14, 2019
Sold by
Mcbride John R
Bought by
Mudd Lawrence A and Mudd Kathryn M
Seller's Agent
Sam Flamont
The Mitten Real Estate Group
Buyer's Agent
Sam Flamont
The Mitten Real Estate Group
List Price
$369,000
Sold Price
$369,000
Current Estimated Value
$1,235,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$866,644
Avg. Annual Appreciation
23.08%

Purchase Details

Listed on
Mar 4, 2013
Closed on
Apr 25, 2013
Seller's Agent
Mike Street
Coldwell Banker Schmidt Traver
Buyer's Agent
Mike Street
Coldwell Banker Schmidt Traver
List Price
$278,500
Sold Price
$268,000
Premium/Discount to List
-$10,500
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.99%

Purchase Details

Closed on
Feb 16, 1996
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 Type Sale Price Title Company
Grant Deed $369,000 --
Deed $268,000 --
Deed -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2019 11/18/19 Sold $369,000 0.0% $252 / Sq Ft
11/18/2019 11/18/19 Pending -- -- --
11/18/2019 11/18/19 For Sale $369,000 +37.7% $252 / Sq Ft
04/25/2013 04/25/13 Sold $268,000 -3.8% $183 / Sq Ft
03/21/2013 03/21/13 Pending -- -- --
03/04/2013 03/04/13 For Sale $278,500 -- $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 $14,700 $850,200 $0 $0
2024 $9,894 $589,200 $0 $0
2023 $7,002 $180,900 $0 $0
2022 $4,647 $104,100 $0 $0
2021 $7,654 $180,900 $0 $0
2020 $7,531 $169,400 $0 $0
2019 $6,608 $162,600 $0 $0
2018 $6,451 $149,800 $0 $0
2017 -- $148,000 $0 $0
2016 -- $144,600 $0 $0
2014 -- $172,200 $0 $0
2012 -- $169,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1742593

Northern Great Lakes REALTORS® MLS

APN: 03-410-003-00