NOT LISTED FOR SALE

345 Peninsula Trail Traverse City, MI 49686

Estimated Value: $850,000 - $1,016,178

1.03 Acres
$898,345 Price per Acre
44,867 Sq Ft Lot

Sale Details

Date Sold: July 21, 2017

Last sale price $160,000

Est. 478% increase in value since last sale

Current estimated payment $5,604 / mo

234 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 60 Feet of Waterfront
  • 1.03 Acre Lot
  • Courtade Elementary School Rated A-
  • Sandy Beach
  • Wooded Lot

About This Lot

As of July 2017

Vacant acreage parcel on Spider Lake, featuring firm sandy frontage, nice beach area and a wooded lot. Nice elevated building site for terrific lake views and perfect for a walk out. Lots of room on this heavily wooded lot for a pole barn or additional garage. Paved road with natural gas available. Spider Lake is a scenic all sports lake, located only minutes from downtown Traverse City, the VASA Trail and thousands of acres of State land.

Last Agent to Sell the Property

Ken Weaver

Berkshire Hathaway Homeservices - TC Listed on: 11/28/2016

Berkshire Hathaway Homeservices - TC

Last Buyer's Agent

Jennifer Edson

Five Star Real Estate - Front St TC

Property Details

Property Type

  • Land

Lot Details

  • 1.03 Acre Lot
  • Lot Dimensions are 60 x 755
  • 60 Feet of Waterfront
  • Sandy Beach
  • Corner Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Utilities

  • Well
  • Private or Community Septic Tank
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • Spider Lake Community

Recreation

  • Water Sports
  • Deeded Waterfront Access Rights
  • Property is near a lake

Property Details

Property Type

Land

Lot Details

1.03 Acres

Listing Details

  • Class: Vacant Lot/Land
  • Type: Vacant Lot/Land
  • Private Shared: Private
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Range: R 13E

Exterior Features

  • Body Of Water: Spider Lake
  • Lake Size: Big
  • Number Of Acres: 1.03
  • Road: Public Maintained, Blacktop
  • Water Features: Inland Lake, All Sports, Sandy Bottom, Public Lake
  • Waterfront Frontage: 60

Utilities

  • Utilities Available: Electric, Natural Gas, Telephone, Cable Tv, Cable Internet
  • Waste Available: Private Septic
  • Water Available: Private Well

Association/Amenities

  • Development Name: Spider Lake

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Hardwoods, Wooded, Evergreens, Corner Lot
  • Lot Dimensions: 60 x 755
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Platted Subdivision

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2016
Closed on
Jul 21, 2017
Sold by
Capps Jeremy D
Bought by
Buscarino Timothy Joseph
Seller's Agent
Ken Weaver
Berkshire Hathaway Homeservices - TC
Buyer's Agent
Jennifer Edson
Five Star Real Estate - Front St TC
List Price
$170,000
Sold Price
$160,000
Premium/Discount to List
-$10,000
-5.88%
Current Estimated Value
$925,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$765,295
Avg. Annual Appreciation
22.24%

Purchase Details

Closed on
Jul 25, 2014

Purchase Details

Closed on
Aug 4, 2000
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
Buscarino Timothy Joseph $160,000 --
-- $120,000 --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2017 07/21/17 Sold $160,000 -5.9% --
07/20/2017 07/20/17 Pending -- -- --
11/28/2016 11/28/16 For Sale $170,000 -- --
Source: Northern Great Lakes REALTORS® MLS

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 $7,967 $481,300 $0 $0
2024 $5,362 $439,100 $0 $0
2023 $5,131 $291,100 $0 $0
2022 $7,145 $289,200 $0 $0
2021 $6,896 $291,100 $0 $0
2020 $6,589 $251,000 $0 $0
2019 $4,194 $154,800 $0 $0
2018 $3,079 $68,300 $0 $0
2017 -- $68,300 $0 $0
2016 -- $68,300 $0 $0
2014 -- $62,300 $0 $0
2012 -- $62,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ken Weaver

    Seller's Agent in 2017

    Ken Weaver

    Berkshire Hathaway Homeservices - TC

    (231) 668-6303

    44 in this area

    90 Total Sales

    Ken Weaver
    Section Image
  • Jennifer Edson

    Buyer's Agent in 2017

    Jennifer Edson

    Five Star Real Estate - Front St TC

    (231) 883-2648

    13 in this area

    84 Total Sales

    Jennifer Edson
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1825728

Northern Great Lakes REALTORS® MLS

APN: 03-610-019-00

Michigan Grand Traverse County Traverse City 49686

345 Peninsula Trail, Traverse City, MI

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.

Northern Great Lakes REALTORS® MLS 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 2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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