NOT LISTED FOR SALE

256 Peninsula Trail Traverse City, MI 49696

Estimated Value: $353,000 - $472,000

4 Beds
2 Baths
1,600 Sq Ft
$247/Sq Ft Est. Value

Last Sold January 26, 2022

Last sale price $249,500 $156 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $2,353/month

92 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 50 Feet of Waterfront
  • Wooded Lot
  • Courtade Elementary School Rated A-
  • Deck
  • 2 Car Attached Garage

About This Home

As of January 2022

Beautiful, wooded lot just down the road from Spider Lake with deeded shared water access. Home has hardwood flooring in the entry and tile in kitchen & baths. 4 bedrooms with 2 full bathrooms, large two-car attached garage, outbuilding, and firepit. Just minutes away from Grace MacDonald Park, Brown Bridge Quiet Area, and downtown Traverse City. Great up north area, yet close to everything!

Last Agent to Sell the Property

Adam Miller

Coldwell Banker Schmidt Traver Listed on: 10/04/2021

Coldwell Banker Schmidt Traver

Last Buyer's Agent

Melissa George

Realtors in Michigan

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1978

Lot Details

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

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,600 Sq Ft Home
  • Wood Burning Fireplace
  • Bay Window
  • Entrance Foyer

Kitchen

  • Oven or Range
  • Stove
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Basement Windows

Outdoor Features

  • Deeded Waterfront Access Rights
  • Deck
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Water Softener is Owned
  • Cable TV Available

Community Details

Overview

  • Ter Lyn Woods Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Bi-Level
  • Estimated Year Built: 1978
  • Construction: Brick, Timber Frame
  • Private Shared: Shared
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1978

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Water Softener Owned, Washer, Dryer
  • Interior Amenities: Bay Window(s), Foyer Entrance
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 12x13, On Level: Main Floor
  • Total Bathrooms: 2
  • Number of Lower Level Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 2
  • Main Floor Primary: Yes
  • Kitchen: Dimensions: 10'6x9'6, On Level: Main Floor
  • Living Room: Dimensions: 13x13, On Level: Main Floor
  • Range: R 10W
  • Total Finished Sf Apx: 1600

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Body Of Water: Spider Lake
  • Exterior Features: Deck
  • Exterior Finish: Wood
  • Foundation: Full, Block, Daylight Windows, Finished Rooms
  • Number Of Acres: 0.72
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Inland Lake, All Sports, Gradual Slope to Water, Deeded Easement
  • Waterfront Frontage: 50

Garage/Parking

  • Driveway: Blacktop
  • Garage Capacity: 2
  • Primary Garage: Attached

Utilities

  • Fireplaces And Stoves: Wood, Stove
  • Heating Cooling Types: Forced Air
  • Laundry: On Level: Lower Floor
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV
  • Water: Private Well

Association/Amenities

  • Development Name: Ter-Lyn Woods

Lot Info

  • Lot Number: 6
  • Deeded Waterfront: Yes
  • Land Features: Wooded-Hardwoods
  • Lot Dimensions: 110 ft x 284 ft
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2021
Closed on
Jan 26, 2022
Sold by
Hamlet and Kelley
Bought by
Mathieu Rich E
Seller's Agent
Adam Miller
Coldwell Banker Schmidt Traver
Buyer's Agent
Melissa George
Realtors in Michigan
List Price
$279,000
Sold Price
$249,500
Premium/Discount to List
-$29,500
-10.57%
Current Estimated Value
$394,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,070
Avg. Annual Appreciation
12.27%

Purchase Details

Closed on
Dec 9, 2003

Purchase Details

Closed on
Apr 23, 1999

Purchase Details

Closed on
Jul 31, 1997

Purchase Details

Closed on
Nov 14, 1990
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Mathieu Rich E $249,500 --
-- $135,000 --
-- $118,500 --
-- $89,000 --
-- $60,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2022 01/26/22 Sold $249,500 -3.7% $156 / Sq Ft
12/17/2021 12/17/21 Price Changed $259,000 -3.7% $162 / Sq Ft
12/08/2021 12/08/21 Price Changed $269,000 -3.5% $168 / Sq Ft
11/24/2021 11/24/21 Price Changed $278,900 0.0% $174 / Sq Ft
10/04/2021 10/04/21 For Sale $279,000 -- $174 / 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 $3,480 $144,000 $0 $0
2024 $2,342 $133,300 $0 $0
2023 $2,241 $79,900 $0 $0
2022 $1,993 $102,800 $0 $0
2021 $3,227 $79,900 $0 $0
2020 $3,175 $94,600 $0 $0
2019 $3,160 $87,400 $0 $0
2018 $3,085 $76,400 $0 $0
2017 -- $74,100 $0 $0
2016 -- $71,700 $0 $0
2014 -- $65,200 $0 $0
2012 -- $62,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1893660

Northern Great Lakes REALTORS® MLS

APN: 03-752-006-00