NOT LISTED FOR SALE

366 Water Watch Ln Unit 5 Traverse City, MI 49686

Old Mission Peninsula Neighborhood

Estimated Value: $949,368 - $1,119,000

4 Beds
3 Baths
4,004 Sq Ft
$254/Sq Ft Est. Value

Last Sold November 16, 2012

Last sale price $510,000 $127 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $6,387/month

140 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 500 Feet of Waterfront
  • Deck
  • Central High School Rated A-
  • Bay View
  • Contemporary Architecture

About This Home

As of November 2012

Unparalleled panoramic views of East Bay from every room welcome you into this luxurious custom 4 br, 3ba condominium in Underwood Farms. Open airy main floor plan, soaring ceilings, walls of windows to unobstructed views, finished w/p lower level plus shared beach access. Only 5 minutes to downtown Traverse City with award winning restaurants, shopping and entertainment.

Last Agent to Sell the Property

Sharon Edson

REO-TCRandolph-233022 License #6506036343 Listed on: 06/27/2012

REO-TCRandolph-233022

Last Buyer's Agent

Meagan Luce

CENTURY 21 Northland License #6506044953

CENTURY 21 Northland

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,081

Year Built

  • Built in 1998

Lot Details

  • 500 Feet of Waterfront
  • Cul-De-Sac
  • Sprinkler System
  • The community has rules related to zoning restrictions

HOA Fees

  • $43 Monthly HOA Fees

Property Views

  • Bay Views
  • Countryside Views

Home Design

  • Contemporary Architecture
  • Asphalt Roof
  • Wood Siding
  • Stone Siding
  • Cement Board or Planked

Interior Spaces

  • 4,004 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Gas Fireplace
  • Entrance Foyer

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms
  • Jetted Tub in Primary Bathroom

Laundry

  • Dryer
  • Washer

Basement

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

Parking

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

Outdoor Features

  • Deeded Waterfront Access Rights
  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Cable TV Available

Additional Features

  • Stepless Entry
  • Ground Level Unit

Community Details

  • Underwood Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,081

Year Built

Built in 1998

Lot Details

0

HOA Fees

$43 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Contemporary, 1 Story
  • Estimated Year Built: 1998
  • Construction: Timber Frame
  • Private Shared: Shared
  • Section Number: 19
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1998

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer
  • Interior Amenities: Jetted Tub, Cathedral Ceilings, Foyer Entrance, Walk-In Closet(s), Wet Bar, Pantry, Island Kitchen
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 20x13.8, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 14.6x12, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 14.8x11.6, On Level: Lower Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 14x13, On Level: Lower Floor, Flooring: Carpet
  • Total Bathrooms: 3
  • Primary Bathroom: Private
  • Dining Room: Dimensions: 17.6x10.6, On Level: Main Floor, Flooring: None
  • Family Room: Dimensions: 21x18, On Level: Lower Floor, Flooring: Carpet
  • Kitchen: Dimensions: 17.6x12.0, On Level: Main Floor, Flooring: None
  • Living Room: Dimensions: 21x18, On Level: Main Floor, Flooring: Carpet
  • Estimated Above Ground Finished Sq Ft: 2376
  • Estimated Below Grade Finished Sq Ft: 1628
  • Estimated Below Grade Unfinished Sq Ft: 672
  • Price Per Sq Ft: 127.37
  • Total Finished Sf Apx: 4004

Exterior Features

  • Body Of Water: Grand Traverse Bay
  • Exterior Features: Bay View, Sprinkler System, Deck, Countryside View, Covered Porch
  • Exterior Finish: Stone, Wood, Cement Board
  • Foundation: Full, Walkout, Finished Rooms
  • Road: Cul-de-Sac, Private Owned, Association, Blacktop
  • Roof: Asphalt
  • Waterfront Frontage: 500

Garage/Parking

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

Utilities

  • Fireplaces And Stoves: Gas
  • Heating Cooling Types: Forced Air, Central Air
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV
  • Water: Municipal, Private Well

Condo/Co-op/Association

  • Annual Association Fees: 510
  • Condo: Yes
  • Condo Unit Access: No Steps
  • Condo Unit Level: First Floor Level

Association/Amenities

  • Development Amenities: Community Dock
  • Development Name: Underwood

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Number: 13
  • Deeded Waterfront: Yes
  • Lot Dimensions: condo
  • Parcel Description: Condo/None
  • Zoning Use Restrictions: Residential, Multi-Family, Deed Restrictions, Building-Use Restrictions

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2012
Closed on
Nov 16, 2012
Seller's Agent
Sharon Edson
REO-TCRandolph-233022
Buyer's Agent
Meagan Luce
CENTURY 21 Northland
List Price
$569,000
Sold Price
$510,000
Premium/Discount to List
-$59,000
-10.37%
Current Estimated Value
$1,017,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$507,456
Avg. Annual Appreciation
4.94%

Purchase Details

Closed on
Mar 14, 1999

Purchase Details

Closed on
Mar 11, 1999
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
-- $510,000 --
-- $349,800 --
-- $50,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2012 11/16/12 Sold $510,000 -10.4% $127 / Sq Ft
11/14/2012 11/14/12 Pending -- -- --
06/27/2012 06/27/12 For Sale $569,000 -- $142 / 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 $11,081 $458,800 $0 $0
2024 $8,787 $426,200 $0 $0
2023 $8,388 $211,400 $0 $0
2022 $10,011 $221,900 $0 $0
2021 $9,443 $211,400 $0 $0
2020 $9,465 $211,400 $0 $0
2019 $9,602 $211,400 $0 $0
2018 $15,308 $211,400 $0 $0
2017 -- $211,400 $0 $0
2016 -- $211,400 $0 $0
2014 -- $201,300 $0 $0
2012 -- $201,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Sharon Edson

    Real Estate One

    Section Image
  • Meagan Luce

    Buyer's Agent in 2012

    Meagan Luce

    CENTURY 21 Northland

    (231) 883-8440

    20 Total Sales

    Meagan Luce
    Section Image
See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1737432

Northern Great Lakes REALTORS® MLS

APN: 11-684-005-00

Michigan Grand Traverse County Traverse City 49686 Old Mission Peninsula

366 Water Watch Ln Unit 5, Traverse City, MI

This home is located at 366 Water Watch Ln Unit 5, Traverse City, MI 49686 since 27 June 2012 and is currently estimated at $1,017,456, approximately $254 per square foot. This property was built in 1998. 366 Water Watch Ln Unit 5 is a home located in Grand Traverse County with nearby schools including East Middle School and Central High School.

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 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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