Seller's Agent in 2022
Matt Geib
Viewpoint Realty
(231) 357-3265
41 in this area
185 Total Sales
4482 N Spider Lake Rd Traverse City, MI 49696
Estimated Value: $3,811,235
7
Beds
4
Baths
8,168
Sq Ft
$467/Sq Ft
Est. Value
Highlights
- Private Waterfront
- Deeded Waterfront Access Rights
- Sandy Beach
- Courtade Elementary School Rated A-
- Private Dock
- Lake Privileges
About This Home
As of April 2022Waterfront Resort in Traverse City, Michigan! This rare commercial offering features seven turn-key rental units with year-round income potential! Located on all-sports Spider Lake, with 259-feet of private waterfront, this unique and impeccably maintained resort boasts a private sandy beach, boat rental business, enormous 3 story shop space and so much more! Each unit has two bedrooms, a fully equipped kitchen, full bath, coin-operated laundry, and stunning lake views. Located in an area of four-seasons of recreation and only 15 minutes from the excitement of downtown Traverse City, the retreat is perfectly positioned and ready for new ownership! Adjacent owners residence and additional buildable parcels available.
Last Agent to Sell the Property
Viewpoint Realty License #6502432932 Listed on: 02/01/2022
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $38,146
Year Built
- Built in 1971
Lot Details
- 0.8 Acre Lot
- Lot Dimensions are 259x135
- Private Waterfront
- 259 Feet of Waterfront
- Sandy Beach
- Landscaped
- The community has rules related to zoning restrictions
Home Design
- Slab Foundation
- Fire Rated Drywall
- Frame Construction
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 8,168 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Drapes & Rods
- Blinds
- Workshop
- Water Views
- Basement Storage
Kitchen
- Oven or Range
- Cooktop
- Microwave
Laundry
- Dryer
- Washer
Parking
- Detached Garage
- Over 1 Space Per Unit
- Heated Garage
Outdoor Features
- Deeded Waterfront Access Rights
- Access To Lake
- Property is near a lake
- Private Dock
- Waterfront Park
- Lake Privileges
- Balcony
- Tiered Deck
- Patio
- Outdoor Grill
Location
- Mineral Rights
Utilities
- Baseboard Heating
- Well
- Electric Water Heater
- Cable TV Available
Community Details
Overview
- 8 Units
- Wildwood Park Community
Amenities
- Common Area
Recreation
- Water Sports
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 1, 2022
Closed on
Mar 31, 2022
Sold by
Boyd Ward and Boyd Janet M
Bought by
Cool-Hand Holding Llc
Seller's Agent
Matt Geib
Viewpoint Realty
List Price
$4,000,000
Sold Price
$2,925,000
Premium/Discount to List
-$1,075,000
-26.88%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$886,235
Avg. Annual Appreciation
7.70%
Purchase Details
Closed on
Mar 10, 2005
Purchase Details
Closed on
Jan 2, 1989
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cool-Hand Holding Llc | $2,000,000 | -- | |
| -- | -- | -- | |
| -- | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/04/2022 04/04/22 | Sold | $2,925,000 | 0.0% | $358 / Sq Ft |
| 11/24/2021 11/24/21 | Off Market | $2,925,000 | -- | -- |
| 10/19/2021 10/19/21 | Price Changed | $3,200,000 | -20.0% | $392 / Sq Ft |
| 06/23/2021 06/23/21 | For Sale | $4,000,000 | -- | $490 / Sq Ft |
Source: Northern Great Lakes REALTORS® MLS
Tax History Compared to Growth
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 | $38,146 | $1,074,200 | $0 | $0 |
| 2024 | $30,669 | $1,000,100 | $0 | $0 |
| 2023 | $29,278 | $412,000 | $0 | $0 |
| 2022 | $12,290 | $432,200 | $0 | $0 |
| 2021 | $11,877 | $412,000 | $0 | $0 |
| 2020 | $11,686 | $356,700 | $0 | $0 |
| 2019 | $11,632 | $341,400 | $0 | $0 |
| 2018 | $11,355 | $340,100 | $0 | $0 |
| 2017 | -- | $354,400 | $0 | $0 |
| 2016 | -- | $345,600 | $0 | $0 |
| 2014 | -- | $331,400 | $0 | $0 |
| 2012 | -- | $321,540 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Geib
Map
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1889318
APN: 03-780-216-00
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.
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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