NOT LISTED FOR SALE

3154 Silver Farms Ln Traverse City, MI 49684

Estimated Value: $481,000 - $603,000

5 Beds
3.5 Baths
3,348 Sq Ft
$168/Sq Ft Est. Value

Last Sold January 14, 2021

Last sale price $370,000 $111 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,403/month

2 Days on Market

Highlights

  • Deck
  • Farmhouse Style Home
  • Granite Countertops
  • Wooded Lot
  • Jetted Tub in Primary Bathroom
  • Mud Room

About This Home

As of January 2021

Spacious 5 bed/3.5 bath home in the popular West side neighborhood of Silver Lake Farms. Features include solid surface countertops, island, and hardwood floors in an eat-in kitchen, formal dining room with bay window, wood burning fireplace, covered front porch, heated 2 car garage, and a 500 sq ft deck with pergola overlooking the large backyard, complete with a lovely waterscape. Totally finished lower level with tray ceilings, kitchenette, and bathroom. Perfect for a potential mother-in-law suite! All this and more, just minutes to TC’s shopping, dining, and downtown amenities!

Last Agent to Sell the Property

Bob Brick

REMAX Bayshore - W Bay Shore Dr TC License #6502134537 Listed on: 11/27/2020

REMAX Bayshore - W Bay Shore Dr TC

Last Buyer's Agent

Katie Tester

REO-TCFront-233021 License #6501382697

REO-TCFront-233021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,269

Year Built

  • Built in 1993

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 218 x 100
  • Sprinkler System
  • Wooded Lot
  • The community has rules related to zoning restrictions

Home Design

  • Farmhouse Style Home
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,348 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bookcases
  • Fireplace
  • Bay Window
  • Mud Room
  • Entrance Foyer

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Jetted Tub in Primary Bathroom

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Basement Windows
  • Basement Window Egress

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Private Driveway

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Water Filtration System
  • Cable TV Available

Community Details

  • Silver Lake Farms Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,269

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story, Farm House
  • Estimated Year Built: 1993
  • Construction: 2x6 Framing
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1993
  • Year Renovated: 2012

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Water Filtration System
  • Interior Amenities: Jetted Tub, Built-In Bookcase, Bay Window(s), Foyer Entrance, Wet Bar, Pantry, Breakfast Nook, Granite Kitchen Tops, Solid Surface Counters, Island Kitchen, Mud Room
  • Bedrooms: 5
  • Bedroom 1: Dimensions: 14.10x13.05, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 13.11x9.07, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 12.11x11.03, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 14.02x10.06, On Level: Upper Floor
  • Total Bathrooms: 3.5
  • Primary Bathroom: Private
  • Number of Lower Level Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 12.11x11.03, On Level: Main Floor, Flooring: Wood
  • Family Room: Dimensions: 23.10x17.02, On Level: Lower Floor, Flooring: Carpet
  • Kitchen: Dimensions: 21x12.05, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 24.11x13.10, On Level: Main Floor, Flooring: Carpet
  • Range: R 11W
  • Total Finished Sf Apx: 3348

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Exterior Features: Sprinkler System, Deck, Covered Porch
  • Exterior Finish: Vinyl
  • Foundation: Full, Block, Daylight Windows, Finished Rooms, Egress Windows
  • Number Of Acres: 0.5
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Garage/Parking

  • Driveway: Blacktop, Private
  • Garage Capacity: 2
  • Primary Garage: Attached, Door Opener, Paved Driveway

Utilities

  • Fireplaces And Stoves: Fireplace(s)
  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: On Level: Main Floor
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV
  • Water: Municipal

Association/Amenities

  • Development Amenities: Pets Allowed
  • Development Name: Silver Lake Farms

Lot Info

  • Land Features: Wooded-Hardwoods
  • Lot Dimensions: 218 x 100
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential, Building-Use Restrictions

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2020
Closed on
Jan 14, 2021
Sold by
Caldwell Andrew S
Bought by
Flynn Lawrence
Seller's Agent
Bob Brick
REMAX Bayshore - W Bay Shore Dr TC
Buyer's Agent
Katie Tester
REO-TCFront-233021
List Price
$367,000
Sold Price
$370,000
Premium/Discount to List
$3,000
0.82%
Current Estimated Value
$563,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,506
Avg. Annual Appreciation
9.10%

Purchase Details

Listed on
Jul 20, 2012
Closed on
Jul 9, 2013
Seller's Agent
Marsha Minervini
REMAX Bayshore - Union St TC
Buyer's Agent
Mike Annelin
Century 21 Northland
List Price
$325,000
Sold Price
$276,000
Premium/Discount to List
-$49,000
-15.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.97%

Purchase Details

Closed on
Sep 21, 2010

Purchase Details

Closed on
Apr 17, 1998

Purchase Details

Closed on
Jun 28, 1993

Purchase Details

Closed on
Jan 1, 1992
Source: Public Records

Range of Values:

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Average Value
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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
Flynn Lawrence $370,000 --
-- $276,000 --
-- -- --
-- $225,000 --
-- $158,000 --
-- $18,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/14/2021 01/14/21 Sold $370,000 +0.8% $111 / Sq Ft
11/27/2020 11/27/20 For Sale $367,000 +33.0% $110 / Sq Ft
07/09/2013 07/09/13 Sold $276,000 -15.1% $82 / Sq Ft View Prior Sale
05/24/2013 05/24/13 Pending -- -- --
07/20/2012 07/20/12 For Sale $325,000 -- $97 / 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 $5,269 $279,900 $0 $0
2024 $3,559 $231,000 $0 $0
2023 $3,406 $179,500 $0 $0
2022 $4,810 $178,000 $0 $0
2021 $4,181 $179,500 $0 $0
2020 $4,145 $186,500 $0 $0
2019 $2,813 $172,900 $0 $0
2018 $0 $160,300 $0 $0
2017 -- $156,000 $0 $0
2016 -- $151,700 $0 $0
2014 -- $139,500 $0 $0
2012 -- $119,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1882242

Northern Great Lakes REALTORS® MLS

APN: 05-288-049-00