Seller's Agent in 2024
Sam Flamont
The Mitten Real Estate Group
(231) 633-8326
56 in this area
674 Total Sales
2207 Gibbs Rd Traverse City, MI 49696
Estimated Value: $976,149 - $1,004,000
3
Beds
3
Baths
2,168
Sq Ft
$456/Sq Ft
Est. Value
Highlights
- Boathouse
- Private Waterfront
- Private Dock
- Central High School Rated A-
- Deeded Waterfront Access Rights
- Sandy Beach
About This Home
As of May 2024This waterfront home on Lake Arbutus is a must see if you are looking to live with nature, experience serenity, have modern amenities, while maintaining that up north vibe. The original cottage has been updated and modernized, while preserving the character of the original space. This lovely waterfront property also features a brand new 2 car garage, completed in 2023 with quality materials and construction. Here, you have 1.48 acres sitting on a beautiful bluff allowing for stunning views of the lake, along with a staggering 495 feet of frontage. The Arbutus chain of lakes offers wildlife all around, and is the perfect place to take out your paddleboard, kayak, or boat, while being only a 20 minute drive to downtown Traverse City. This space has been created to rest in your home with comfort, enjoy the sunrise views, and have plenty of room to entertain your guests!
Last Agent to Sell the Property
The Mitten Real Estate Group License #6502431112 Listed on: 04/11/2024
Last Buyer's Agent
The Mitten Real Estate Group License #6502431112 Listed on: 04/11/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,147
Year Built
- Built in 1940
Lot Details
- 1.48 Acre Lot
- Lot Dimensions are 495x130.24
- Private Waterfront
- 495 Feet of Waterfront
- Sandy Beach
- Bluff on Lot
- Landscaped
- Steep Slope
- Cleared Lot
- Wooded Lot
- The community has rules related to zoning restrictions
Home Design
- Cottage
- Slab Foundation
- Frame Construction
- Asphalt Roof
- Steel Siding
Interior Spaces
- 2,168 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Wood Burning Fireplace
- Solarium
- Screened Porch
- Home Gym
- Water Views
- Crawl Space
Kitchen
- Oven or Range
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- In-Law or Guest Suite
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 3 Car Attached Garage
- Second Garage
- Shared Driveway
Outdoor Features
- Deeded Waterfront Access Rights
- Boathouse
- Private Dock
- Balcony
- Deck
- Patio
Location
- Mineral Rights
Utilities
- Ductless Heating Or Cooling System
- Baseboard Heating
- Well
- Electric Water Heater
Community Details
Overview
- Arbutus Lake Subdivision Community
Recreation
- Water Sports
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 11, 2024
Closed on
May 14, 2024
Sold by
West William M
Bought by
Botkin Bryan
Seller's Agent
Sam Flamont
The Mitten Real Estate Group
Buyer's Agent
Sam Flamont
The Mitten Real Estate Group
List Price
$950,000
Sold Price
$925,000
Premium/Discount to List
-$25,000
-2.63%
Views
86
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,787
Avg. Annual Appreciation
5.06%
Purchase Details
Listed on
Feb 18, 2019
Closed on
May 23, 2019
Sold by
Jacobs William T
Bought by
West William Michael and West Amber Lynn
Seller's Agent
Mike Annelin
CENTURY 21 Northland
Buyer's Agent
Mike Annelin
CENTURY 21 Northland
List Price
$400,000
Sold Price
$370,000
Premium/Discount to List
-$30,000
-7.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.20%
Purchase Details
Closed on
May 26, 2000
Purchase Details
Closed on
Jan 27, 2000
Purchase Details
Closed on
Jun 5, 1998
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Botkin Bryan | $925,000 | -- | |
| West William Michael | $370,000 | -- | |
| -- | $230,000 | -- | |
| -- | $230,000 | -- | |
| -- | $193,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/15/2024 05/15/24 | Sold | $925,000 | -2.6% | $427 / Sq Ft |
| 04/11/2024 04/11/24 | For Sale | $950,000 | +156.8% | $438 / Sq Ft |
| 05/24/2019 05/24/19 | Sold | $370,000 | -7.5% | $264 / Sq Ft |
| 05/15/2019 05/15/19 | Pending | -- | -- | -- |
| 02/18/2019 02/18/19 | For Sale | $400,000 | -- | $286 / Sq Ft |
Source: Northern Great Lakes REALTORS® MLS
Tax History Compared to Growth
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 | $8,147 | $447,900 | $0 | $0 |
| 2024 | $5,483 | $402,700 | $0 | $0 |
| 2023 | $4,187 | $189,000 | $0 | $0 |
| 2022 | $4,992 | $194,100 | $0 | $0 |
| 2021 | $4,818 | $189,000 | $0 | $0 |
| 2020 | $7,954 | $178,900 | $0 | $0 |
| 2019 | $7,137 | $172,800 | $0 | $0 |
| 2018 | $4,186 | $159,800 | $0 | $0 |
| 2017 | -- | $158,200 | $0 | $0 |
| 2016 | -- | $155,000 | $0 | $0 |
| 2014 | -- | $148,800 | $0 | $0 |
| 2012 | -- | $146,750 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Sam Flamont
-
Mike Annelin
Seller's Agent in 2019
Mike Annelin
CENTURY 21 Northland
(231) 499-4249
23 in this area
215 Total Sales
Map
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1921017
APN: 03-260-030-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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.
Copyright 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
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