NOT LISTED FOR SALE

Estimated Value: $1,851,000 - $2,538,465

6 Beds
8 Baths
6,827 Sq Ft
$321/Sq Ft Est. Value

Last Sold September 03, 2019

Last sale price $1,425,000 $209 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $13,158/month

93 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 369 Feet of Waterfront
  • Bay View
  • Central High School Rated A-
  • Built in 2019 | Newly Remodeled
  • 1.59 Acre Lot

About This Home

As of September 2019

Located just 5 scenic miles out on Old Mission Peninsula, 385 Chestnut Ridge is a turnkey new construction home built of the finest quality. This home offers first class craftsmanship, location and amenities that far exceed industry expectations. Placed on a 1.59 acre lot at the end of a private road with a Class A association membership, homeowners are able to enjoy 369' of shared frontage on East Bay and guaranteed yearly docking privileges. This home comes complete with landscaping and sprinklers, GE washer and dryer, stainless steel Thermador kitchen appliances on the main level, an additional Thermador refrigerator and dishwasher on the lower level, a heated garage with epoxy coated floors and heated floors in the lower level. This perspective of East Bay offers a year round panoramic view spanning from Mari Vineyards all the way north to the gorgeous Bluff Road, leaving only grapes and the Bay in between.

Last Agent to Sell the Property

Kyle O'Grady

REMAX Bayshore - Union St TC Listed on: 05/01/2019

REMAX Bayshore - Union St TC

Last Buyer's Agent

Katie Grizzel

Coldwell Banker Schmidt Traverse City

Coldwell Banker Schmidt Traverse City

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2019 | Newly Remodeled

Lot Details

  • 1.59 Acre Lot
  • Lot Dimensions are 158 x 450
  • 369 Feet of Waterfront
  • Cul-De-Sac
  • Landscaped
  • Corner Lot
  • Sprinkler System
  • The community has rules related to zoning restrictions

Property Views

  • Bay Views
  • Countryside Views

Home Design

  • Fire Rated Drywall
  • Frame Construction
  • Insulated Concrete Forms
  • Asphalt Roof
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 6,827 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Gas Fireplace
  • Bay Window
  • Mud Room
  • Entrance Foyer
  • Great Room
  • Den

Kitchen

  • Oven or Range
  • Stove
  • Cooktop
  • Recirculated Exhaust Fan
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Granite Bathroom Countertops

Laundry

  • Dryer
  • Washer

Basement

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

Parking

  • 3 Car Attached Garage
  • Heated Garage
  • Private Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Lake Privileges
  • Patio

Location

  • Property is near a Great Lake

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Natural Gas Water Heater
  • Water Softener is Owned
  • Satellite Dish
  • Cable TV Available
  • TV Antenna

Community Details

Overview

  • Chestnut Ridge Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Year Built

Built in 2019 | Newly Remodeled

Lot Details

1.59 Acres

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story
  • Estimated Year Built: 2019
  • Construction: 2x6 Framing, Frame, New Construction
  • Private Shared: Shared
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2019

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Water Softener Owned, Washer, Dryer, Freezer, Cook Top, Exhaust Fan, Ceiling Fan, Natural Gas Water Heater, Smoke Alarms(s)
  • Interior Amenities: Bay Window(s), Foyer Entrance, Walk-In Closet(s), Pantry, Granite Bath Tops, Granite Kitchen Tops, Island Kitchen, Mud Room, Great Room, Den/Study, Drywall
  • Bedrooms: 6
  • Bedroom 1: Dimensions: 17x16, On Level: Main Floor, Flooring: Wood
  • Bedroom 2: Dimensions: 12x12, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 13x14, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 13x16, On Level: Upper Floor, Flooring: Carpet
  • Total Bathrooms: 7
  • Primary Bathroom: Private
  • Number of Lower Level Bathrooms: 2
  • Number of Main Level Bathrooms: 3
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 13x17, On Level: Main Floor, Flooring: Wood
  • Family Room: Dimensions: 13x13, On Level: Main Floor, Flooring: Wood
  • Kitchen: Dimensions: 11x18, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 18x24, On Level: Main Floor, Flooring: Wood
  • Other Room: Dimensions: 18x24, On Level: Lower Floor, Flooring: Carpet
  • Range: R 10W
  • Total Finished Sf Apx: 6827

Exterior Features

  • Body Of Water: East Bay
  • Exterior Features: Bay View, Sprinkler System, Patio, Countryside View, Landscaped
  • Exterior Finish: Stone, Wood
  • Foundation: Walkout, Finished Rooms, Insulated Concrete Panels, Full Finished
  • Number Of Acres: 1.59
  • Road: Cul-de-Sac, Association, Concrete, Privately Maintained
  • Roof: Asphalt
  • Water Features: All Sports, Water View, Available for Purchase, Great Lake, Bay View
  • Waterfront Frontage: 369

Garage/Parking

  • Driveway: Blacktop, Private
  • Garage Capacity: 3
  • Primary Garage: Attached, Heated, Concrete Floors

Utilities

  • Fireplaces And Stoves: Fireplace(s), Gas, Wood, Stove, Masonry
  • Heating Cooling Types: Forced Air, Humidifier
  • Laundry: Dimensions: 12x7, On Level: Main Floor, Flooring: Tile
  • Sewer: Private Septic
  • Tv Service Internet Avail: Antenna, Cable TV, Cable Internet, Dish TV, WiFi
  • Water: Municipal

Association/Amenities

  • Development Amenities: Community Dock, Lake Privileges
  • Development Name: Chestnut Ridge

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Corner Lot
  • Lot Dimensions: 158 x 450
  • Mineral Rights: Unknown
  • Parcel Description: Site Condo
  • Zoning Use Restrictions: Residential

Tax Info

  • Summer Taxes: $2,176.76
  • Winter Taxes: $985.02
  • Year Winter: 2017

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2019
Closed on
Sep 3, 2019
Sold by
Ogrady Kevin Of In Sight Bldg Co
Bought by
Koffman Robert and Koffman Carole
Seller's Agent
Kyle O'Grady
REMAX Bayshore - Union St TC
Buyer's Agent
Katie Grizzel
Coldwell Banker Schmidt Traverse City
List Price
$2,200,000
Sold Price
$1,425,000
Premium/Discount to List
-$775,000
-35.23%
Current Estimated Value
$2,191,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$766,488
Avg. Annual Appreciation
6.89%

Purchase Details

Closed on
Jan 17, 2014
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Koffman Robert $1,425,000 --
-- $200,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2019 09/03/19 Sold $1,425,000 -20.6% $209 / Sq Ft
08/02/2019 08/02/19 Pending -- -- --
07/14/2019 07/14/19 Price Changed $1,795,000 -10.0% $263 / Sq Ft
06/21/2019 06/21/19 Price Changed $1,995,000 -9.3% $292 / Sq Ft
05/01/2019 05/01/19 For Sale $2,200,000 -- $322 / Sq Ft
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 $22,819 $934,200 $0 $0
2024 $15,010 $968,500 $0 $0
2023 $14,362 $719,500 $0 $0
2022 $20,559 $759,300 $0 $0
2021 $19,190 $719,500 $0 $0
2020 $24,742 $924,200 $0 $0
2019 $28,432 $1,036,800 $0 $0
2018 $23,419 $638,900 $0 $0
2017 -- $135,000 $0 $0
2016 -- $110,000 $0 $0
2014 -- $102,200 $0 $0
2012 -- $51,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1860301

Northern Great Lakes REALTORS® MLS

APN: 11-466-002-00

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