NOT LISTED FOR SALE

3846 5 Mile Rd Traverse City, MI 49686

Estimated Value: $288,000 - $376,000

7 Beds
4 Baths
4,292 Sq Ft
$76/Sq Ft Est. Value

Last Sold March 25, 2013

Last sale price $172,000 $40 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $1,925/month

284 Days on Market

Highlights

  • 3.1 Acre Lot
  • Pole Barn
  • Patio
  • Courtade Elementary School Rated A-
  • Detached Garage
  • Baseboard Heating

About This Home

As of March 2013

Great location rental/investment property in an excellent location close to Traverse City in East Bay twp. A large residential property that as been converted to a 3 unit rental generating $1,980 per month plus a real cute 2 BR cottage in great condition that rents for $650 p/mo w/excellent tenants. Well maintained property that also has a 16x32 garage plus a 32x40 outbuilding on the back of the 3 acre parcel. Municipal water & sewer only a block from East Bay boat ramp public access and TART trail.

Last Agent to Sell the Property

Sue Kelly

REO-TCFront-233021 License #6506036311 Listed on: 06/07/2012

REO-TCFront-233021

Last Buyer's Agent

Casey Punturo

EXIT Northern Shores Realty-ER License #6501370899

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,790

Year Built

  • Built in 1938

Lot Details

  • 3.1 Acre Lot
  • Lot Dimensions are 100 x 1320
  • The community has rules related to zoning restrictions

Parking

  • Detached Garage

Home Design

  • Duplex
  • Slab Foundation
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 4,292 Sq Ft Home
  • 1.5-Story Property
  • Oven or Range
  • Washer and Dryer Hookup

Outdoor Features

  • Patio
  • Pole Barn

Utilities

  • Space Heater
  • Baseboard Heating
  • Cable TV Available

Community Details

  • 4 Units
  • M & B Community

Listing and Financial Details

  • Rent includes liability insurance, exterior maintenance, trash removal, snow removal, heating/cooling, electric, water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,790

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: 2 Residences / 1 Lot
  • Style: 1.5 Story
  • Estimated Year Built: 1938
  • Construction: Timber Frame
  • Section Number: 16
  • Year Updated: 2000
  • Year Renovated: 2012
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1938

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range
  • Interior Amenities: Laundry Hook-Up
  • Price Per Sq Ft: 40.07
  • Range: R 10W
  • Total Finished Sf Apx: 4292

Exterior Features

  • Additional Buildings: Pole Building(s)
  • Exterior Features: Patio
  • Exterior Finish: Wood
  • Foundation: Slab
  • Number Of Acres: 3.1
  • Road: Public Maintained
  • Roof: Asphalt

Garage/Parking

  • Primary Garage: Two Car, Detached

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Tv
  • Water: Municipal
  • Heating Cooling Type: Baseboard, Space Heater
  • Monthly Electricity Expense: 442

Association/Amenities

  • Development Name: M & B

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Dimensions: 100 x 1320
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential

Rental Info

  • Included In Lease: Liability Insurance, Exterior Maintenance, Trash Removal, Snow Removal, Heating/Cooling, Electric, Water, Sewer

Multi Family

  • Total Number Units: 4

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2012
Current Estimated Value
$326,559

Purchase Details

Closed on
Oct 15, 2002
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
-- -- --
-- $120,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2013 03/25/13 Sold $172,000 -3.9% $40 / Sq Ft
03/18/2013 03/18/13 Pending -- -- --
06/07/2012 06/07/12 For Sale $178,950 -- $42 / 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 $1,790 $121,200 $0 $0
2024 $1,205 $111,100 $0 $0
2023 $1,153 $71,400 $0 $0
2022 $1,605 $87,200 $0 $0
2021 $1,550 $71,400 $0 $0
2020 $1,522 $64,200 $0 $0
2019 $1,530 $70,200 $0 $0
2018 $1,493 $67,500 $0 $0
2017 -- $65,400 $0 $0
2016 -- $63,500 $0 $0
2014 -- $54,500 $0 $0
2012 -- $54,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Sue Kelly

    Real Estate One

    Section Image

  • C

    Buyer's Agent in 2013

    Casey Punturo

    EXIT Northern Shores Realty-ER

See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1736805

Northern Great Lakes REALTORS® MLS

APN: 03-500-009-00

Michigan Grand Traverse County Traverse City 49686

3846 5 Mile Rd, Traverse City, MI

This home is located at 3846 5 Mile Rd, Traverse City, MI 49686 since 07 June 2012 and is currently estimated at $326,559, approximately $76 per square foot. This property was built in 1938. 3846 5 Mile Rd is a home located in Grand Traverse County with nearby schools including Courtade Elementary School, 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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