NOT LISTED FOR SALE

302 Island View Dr Traverse City, MI 49696

Estimated Value: $887,000 - $1,211,000

3 Beds
4 Baths
3,196 Sq Ft
$336/Sq Ft Est. Value

Last Sold October 28, 2016

Last sale price $520,000 $163 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $6,801/month

168 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Elk Rapids High School Rated A-
  • Private Dock
  • Second Garage

About This Home

As of October 2016

DESIGNED FOR LAKESIDE LIVING, this custom 3 BR, 4 BA waterfront home offers gorgeous lake views and 100’ of sandy frontage on a private "all sports" lake close to Traverse City. Warm and cozy yet spacious; perfect for family gatherings and entertaining. You'll feel right at home in the Great Room with huge beams, a wall of windows looking out to the lake and a floor-to-ceiling stone fireplace with a waterfall. The kitchen features custom oak cabinetry, Corian countertops, an eating bar, a nook & opens to a huge wrap-around deck. The main level Master BR offers privacy & respite from daily activities. The spacious upper level has 2 BR which have plenty of room for sleep and play, a full bath and a loft office/den which overlooks the Great Room. The walkout lower level has an extra large family room which opens to a lakeside patio. There is a hot tub & even a sauna by the lake. Geothermal assures low energy costs for both heat & A/C. Low maintenance landscaping means no work, just play. In addition to the 1-car attached garage, there is a detached 2-car garage which has a workshop/studio above for the hobbyist or could be set up for guests.

Last Agent to Sell the Property

Lynn Pasney

Woods & Water Real Estate License #6502432758 Listed on: 05/06/2016

Last Buyer's Agent

Jennifer Edson

Five Star Real Estate - Front St TC License #6501391530

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,964

Year Built

  • Built in 1997

Lot Details

  • 0.67 Acre Lot
  • Lot Dimensions are 100 x 290
  • Private Waterfront
  • 100 Feet of Waterfront
  • Sandy Beach
  • Landscaped
  • Sloped Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Home Design

  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 3,196 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Wood Burning Fireplace
  • Heatilator
  • Low Emissivity Windows
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Great Room
  • Den
  • Loft
  • Game Room
  • Workshop
  • Water Views

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Car Garage
  • Second Garage
  • Garage Door Opener
  • Private Driveway

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Outdoor Features

  • Deeded Waterfront Access Rights
  • Access To Lake
  • Private Dock
  • Lake Privileges

Utilities

  • Central Air
  • ENERGY STAR Qualified Air Conditioning
  • Well
  • Satellite Dish

Community Details

Overview

  • Nickerson Sub No. 2 Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,964

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story
  • Estimated Year Built: 1997
  • Construction: 2x6 Framing
  • Private Shared: Private
  • Section Number: 31
  • Univs Design Barrier Free: Covered Entrance, Main Floor Access
  • Year Updated: 2015
  • Year Renovated: 2015
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1997

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Blinds
  • Interior Amenities: Built-In Bookcase, Foyer Entrance, Walk-In Closet(s), Breakfast Nook, Loft, Mud Room, Great Room, Den/Study, Game Room, Workshop
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 15.07x11.10, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 15.01x12.02, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 15.01x12.02, On Level: Upper Floor, Flooring: Carpet
  • Total Bathrooms: 2.5
  • Primary Bathroom: Private
  • Number of Lower Level Bathrooms: 1
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Family Room: Dimensions: 21.11x18.04, On Level: Lower Floor, Flooring: Carpet
  • Kitchen: Dimensions: 19.04x11.0, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 23.08x18.11, On Level: Main Floor, Flooring: Carpet
  • Other Room: Dimensions: 16.0x15.01, On Level: Upper Floor, Flooring: Carpet
  • Estimated Above Ground Finished Sq Ft: 2236
  • Estimated Below Grade Finished Sq Ft: 960
  • Estimated Below Grade Unfinished Sq Ft: 240
  • Price Per Sq Ft: 162.7
  • Range: R 9W
  • Total Finished Sf Apx: 3196

Exterior Features

  • Additional Buildings: Sauna, Secondary Garage(s), Workshop
  • Body Of Water: Island Lake
  • Exterior Features: Landscaped
  • Exterior Finish: Log Siding
  • Foundation: Block, Full, Full Finished, Plumbed for Bath, Walkout
  • Number Of Acres: 0.67
  • Road: Association, Blacktop, Private Owned, Rd Maintenance Agreement
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Private Dock, Sandy Bottom, Gradual Slope to Water, Private Lake, Sandy Shoreline
  • Waterfront Frontage: 100

Garage/Parking

  • Driveway: Blacktop, Private
  • Garage Capacity: 3
  • Primary Garage: Attached, Detached, Door Opener, Paved Driveway

Utilities

  • Fireplaces And Stoves: Fireplace(s), Heatilator Style, Wood
  • Heating Cooling Types: Central Air
  • Laundry: Dimensions: 7.0x7.7, On Level: Main Floor, Flooring: Tile
  • Sewer: Private Septic
  • Tv Service Internet Avail: Dish TV
  • Water: Private Well

Association/Amenities

  • Development Amenities: Lake Privileges
  • Development Name: Nickerson Sub No. 2

Schools

  • School District: Elk Rapids Schools

Lot Info

  • Lot Number: 48
  • Deeded Waterfront: Yes
  • Land Features: Wooded-Hardwoods, Sloping, Wooded
  • Lot Dimensions: 100 x 290
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

Green Features

  • Energy Efficient: Low-e Windows
  • Renewable: Energy Star Rated A/C, Energy Star Rated Furnace

MLS Schools

  • School District: Elk Rapids Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2016
Closed on
Oct 28, 2016
Seller's Agent
Lynn Pasney
Woods & Water Real Estate
Buyer's Agent
Jennifer Edson
Five Star Real Estate - Front St TC
List Price
$559,000
Sold Price
$520,000
Premium/Discount to List
-$39,000
-6.98%
Current Estimated Value
$1,073,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$553,696
Avg. Annual Appreciation
8.31%

Purchase Details

Closed on
Oct 28, 2002

Purchase Details

Closed on
Sep 2, 1993
Source: Public Records

Range of Values:

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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
-- $520,000 --
-- -- --
-- $92,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2016 10/28/16 Sold $520,000 -7.0% $163 / Sq Ft
10/21/2016 10/21/16 Pending -- -- --
05/06/2016 05/06/16 For Sale $559,000 -- $175 / 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 $12,964 $495,000 $0 $0
2024 $10,678 $444,100 $0 $0
2023 $10,238 $283,000 $0 $0
2022 $11,637 $329,200 $0 $0
2021 $11,303 $283,000 $0 $0
2020 $10,756 $273,300 $0 $0
2019 $11,026 $259,900 $0 $0
2018 $10,807 $254,000 $0 $0
2017 -- $255,900 $0 $0
2016 -- $233,900 $0 $0
2014 -- $176,100 $0 $0
2012 -- $210,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1815937

Northern Great Lakes REALTORS® MLS

APN: 13-670-003-00