NOT LISTED FOR SALE

3125 S Lee Point Rd Suttons Bay, MI 49682

Estimated Value: $2,132,000 - $2,793,000

4 Beds
4.5 Baths
3,487 Sq Ft
$677/Sq Ft Est. Value

Last Sold October 19, 2020

Last sale price $1,547,000 $444 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $15,304/month

5 Days on Market

Highlights

  • Private Waterfront
  • Guest House
  • Second Garage
  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Bay View

About This Home

As of October 2020

This classic waterfront home offers quality and comfort with a timeless design that will last generations! Located on a professionally landscaped and exceptionally private 2.13 acre parcel with 113’ of private direct frontage on West Grand Traverse Bay this desirable ranch home features Cedar siding with stone accents, an expansive great room with cathedral ceilings and a natural stone fireplace, hardwood flooring throughout, and stunning West Bay views! Additional details include an open kitchen with a large island and pantry, dining areas ideal for large family gatherings or entertaining friends, a wonderful 272 sq ft stone floored screened-in waterside porch with cathedral ceilings, 3 delightful main floor bedrooms each with direct bath access and 9’ ceilings, and a full house generator! In addition to the main home you will find a charming detached guest cottage with a walk-up 1 bedroom & ¾ bath apartment offering an open family room, kitchenette, hardwood flooring, and a beautifully finished screened-in balcony above a heated 2 car garage with a dog washing station and ½ bath! Additionally, there is plenty of extra space to store the cars and boat in the 3+ car 40’x26’ garage with 500+ sq ft of walk-up storage space! An ideal location just 20 minutes from Traverse City and 5 minutes from the year-round Village of Suttons Bay. Built by one of the finest builders in all of Northern Michigan!

Last Agent to Sell the Property

Victoria Oltersdorf

OLTERSDORF REALTY, LLC License #6502340603 Listed on: 09/28/2020

Last Buyer's Agent

Ann Porter

REO-TCRandolph-233022 License #6506044226

REO-TCRandolph-233022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,885

Year Built

  • Built in 2007

Lot Details

  • 2.13 Acre Lot
  • Lot Dimensions are 113x855x110x830
  • Private Waterfront
  • 113 Feet of Waterfront
  • Property fronts an easement
  • Sandy Beach
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Wooded Lot
  • Garden
  • The community has rules related to zoning restrictions

Home Design

  • Ranch Style House
  • Cottage
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 3,487 Sq Ft Home
  • Bookcases
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Great Room
  • Workshop
  • Screened Porch
  • Bay Views
  • Home Security System

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Crawl Space

Parking

  • 5 Car Detached Garage
  • Second Garage
  • Heated Garage
  • Garage Door Opener
  • Shared Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Well
  • Electric Water Heater
  • Water Softener is Owned
  • Satellite Dish
  • Cable TV Available

Additional Features

  • Guest House
  • Property is near a Great Lake

Community Details

Overview

  • Lakeview Terrace Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,885

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, Cottage, In-Law Suite or Apartment, 1 Story
  • Estimated Year Built: 2007
  • Construction: 2x6 Framing, Frame
  • Private Shared: Private
  • Section Number: 11
  • Univs Design Barrier Free: Extra Wide Hallways, Main Floor Access, Covered Entrance, Raised Toilet
  • Year Updated: 2018
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 2007

Interior Features

  • Appliances Equipment: Refrigerator, Disposal, Dishwasher, Microwave, Water Softener Owned, Washer, Dryer, Security System, Wall Oven, Cook Top, Blinds, Ceiling Fan, Electric Water Heater, Satellite Dish
  • Interior Amenities: Cathedral Ceilings, Built-In Bookcase, Foyer Entrance, Walk-In Closet(s), Pantry, Granite Kitchen Tops, Island Kitchen, Mud Room, Great Room, Workshop
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 15.4x15.10, On Level: Main Floor, Flooring: Wood
  • Bedroom 2: Dimensions: 13.3x15.0, On Level: Main Floor, Flooring: Wood
  • Bedroom 3: Dimensions: 12.10x10.10, On Level: Main Floor, Flooring: Wood
  • Bedroom 4: Dimensions: 10.0x10.6, On Level: Upper Floor, Flooring: Wood
  • Total Bathrooms: 4.5
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 4
  • Full Bathrooms: 1
  • Number of Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 12.5x12.3, On Level: Main Floor, Flooring: Wood
  • Family Room: Dimensions: 12.0x11.0, On Level: Upper Floor, Flooring: Wood
  • Kitchen: Dimensions: 15.5x15.3, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 24.3x27.4, On Level: Main Floor, Flooring: Wood
  • Other Room: Dimensions: 21.0x9.0, On Level: Upper Floor, Flooring: Wood
  • Estimated Above Ground Finished Sq Ft: 3487
  • Estimated Below Grade Unfinished Sq Ft: 284
  • Price Per Sq Ft: 443.65
  • Range: R 11W
  • Total Finished Sf Apx: 3487

Exterior Features

  • Additional Buildings: Garden/Storage Shed, Guest House, Workshop, Secondary Garage(s)
  • Body Of Water: West Bay
  • Exterior Features: Bay View, Sprinkler System, Covered Porch, Landscaped, Garden Area, Screened Porch
  • Exterior Finish: Stone, Wood
  • Foundation: Partial, Crawl Space, Block, Unfinished, Entrance Inside
  • Number Of Acres: 2.13
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), All Sports, Water View, Rocky Shoreline, Sandy Bottom, Great Lake, Stony Bottom, Sandy Shoreline, Bay View
  • Waterfront Frontage: 113

Garage/Parking

  • Driveway: Blacktop, Easement, Private, Shared
  • Garage Capacity: 5
  • Primary Garage: Detached, Door Opener, Paved Driveway, Heated, Finished Rooms, Plumbing, Concrete Floors

Utilities

  • Fireplaces And Stoves: Fireplace(s), Wood
  • Heating Cooling Types: Forced Air, Central Air, Humidifier
  • Laundry: Dimensions: 11.0x8.0, On Level: Main Floor, Flooring: Tile
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet, Dish TV
  • Water: Private Well

Association/Amenities

  • Development Name: Lakeview Terrace

Schools

  • School District: Suttons Bay Public Schools

Lot Info

  • Lot Number: 3
  • Deeded Waterfront: Yes
  • Land Features: Wooded-Hardwoods, Wooded, Evergreens, Level
  • Lot Dimensions: 113x855x110x830
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential, Building-Use Restrictions, Outbuildings Allowed

MLS Schools

  • School District: Suttons Bay Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2016
Closed on
Aug 8, 2016
Sold by
Reynolds James G
Bought by
Curran Randall E and Curran Mardi F
Seller's Agent
Karen Schmidt
Coldwell Banker Schmidt Traver
Buyer's Agent
Mark Hagan
Coldwell Banker Schmidt Traver
List Price
$1,295,000
Sold Price
$1,240,000
Premium/Discount to List
-$55,000
-4.25%
Current Estimated Value
$2,360,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,120,588
Avg. Annual Appreciation
7.28%

Purchase Details

Closed on
Sep 27, 2005
Sold by
Hall Steven E and Hall Jane E
Bought by
Reynolds James G
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 Buyer Sale Price Title Company
Curran Randall E $1,240,000 --
Reynolds James G $450,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/19/2020 10/19/20 Sold $1,547,000 +3.1% $444 / Sq Ft
10/08/2020 10/08/20 For Sale $1,500,000 0.0% $430 / Sq Ft
10/03/2020 10/03/20 Pending -- -- --
09/28/2020 09/28/20 For Sale $1,500,000 +21.0% $430 / Sq Ft
08/09/2016 08/09/16 Sold $1,240,000 -4.2% $333 / Sq Ft View Prior Sale
07/01/2016 07/01/16 Pending -- -- --
04/25/2016 04/25/16 For Sale $1,295,000 -- $348 / 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 $32,885 $1,281,000 $0 $0
2024 $28,132 $1,228,800 $0 $0
2023 $23,740 $838,900 $0 $0
2022 $26,093 $717,900 $0 $0
2021 $21,564 $680,700 $0 $0
2020 $21,564 $678,500 $0 $0
2019 $20,411 $597,600 $0 $0
2018 -- $549,700 $0 $0
2017 -- $534,800 $0 $0
2016 -- $469,500 $0 $0
2015 -- $467,600 $0 $0
2014 -- $430,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1880382

Northern Great Lakes REALTORS® MLS

APN: 001-590-003-00