NOT LISTED FOR SALE

462 N West Silver Lake Rd Traverse City, MI 49685

Estimated Value: $775,000 - $943,976

4 Beds
2 Baths
1,899 Sq Ft
$457/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $470,000 $247 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $5,479/month

44 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Private Dock
  • Sandy Beach
  • 103 Feet of Waterfront
  • Guest House
  • Screened Porch

About This Home

As of August 2019

You’re going to love watching beautiful sunrises from this classic, Northern Michigan cottage which is fully equipped for year-round living on a lovely all-sports lake that is just a short distance to Traverse City’s shopping, dining, and entertainment. The lake is 600 acres and one of the closest all sports lakes to Traverse City. The house features two, three-season porches, one on each level and a warm and inviting living room with a wood burning fireplace. The exterior has been freshly painted. There is a small guest house at the water’s edge where the kids or grand kids will love to play or camp out. There is a newer hot water heating system complete with a boiler mate. This is a wonderful home that is ready for lots of lake fun. All measurements are considered to be reliable but should be verified by the buyer.

Last Agent to Sell the Property

Dave Hauser

REO-TCRandolph-233022 License #6506036309 Listed on: 06/28/2019

REO-TCRandolph-233022

Last Buyer's Agent

Alaina Korreck

Key Realty One-TC License #6501408125

Key Realty One-TC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,823

Year Built

  • Built in 1936

Lot Details

  • 0.7 Acre Lot
  • Lot Dimensions are 101 x 290
  • 103 Feet of Waterfront
  • Sandy Beach
  • Landscaped
  • Sloped Lot
  • The community has rules related to zoning restrictions

Home Design

  • Cottage
  • Poured Concrete
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,899 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Paneling
  • Wood Burning Fireplace
  • Drapes & Rods
  • Entrance Foyer
  • Formal Dining Room
  • Screened Porch
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Private Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Private Dock

Additional Homes

  • Guest House

Schools

  • Silver Lake Elementary School
  • Traverse City West Middle School
  • Traverse City West Senior High School

Utilities

  • Window Unit Cooling System
  • Well
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

Overview

  • Silver Lake Lots Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,823

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story, Cottage
  • Estimated Year Built: 1936
  • Construction: Frame
  • Private Shared: Private
  • Univs Design Barrier Free: Covered Entrance
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1936

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Drapes, Natural Gas Water Heater, Smoke Alarms(s)
  • Interior Amenities: Built-In Bookcase, Foyer Entrance, Formal Dining Room, Drywall, Paneling
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 15.07x13.06, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 15.07x10.08, On Level: Main Floor, Flooring: Wood
  • Bedroom 3: Dimensions: 12.02x10.08, On Level: Main Floor, Flooring: Wood
  • Bedroom 4: Dimensions: 10.00x9.06, On Level: Upper Floor, Flooring: Carpet
  • Total Bathrooms: 2
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 2
  • Main Floor Primary: No
  • Dining Room: Dimensions: 11.08x10.00, On Level: Main Floor, Flooring: Wood
  • Kitchen: Dimensions: 10.11x9.08, On Level: Main Floor, Flooring: Vinyl
  • Living Room: Dimensions: 21.02x15.00, On Level: Main Floor, Flooring: Wood
  • Range: R 11W
  • Total Finished Sf Apx: 1899

Exterior Features

  • Additional Buildings: Guest House
  • Body Of Water: Silver Lake
  • Exterior Features: Landscaped, Porch, Screened Porch
  • Exterior Finish: Wood
  • Foundation: Crawl Space, Poured Concrete
  • Number Of Acres: 0.7
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: All Sports, Private Dock, Sandy Bottom, Gradual Slope to Water, Vegetation to Water Edge, Public Lake
  • Waterfront Frontage: 103

Garage/Parking

  • Driveway: Blacktop, Private
  • Garage Capacity: 2
  • Primary Garage: Detached, Door Opener, Concrete Floors

Utilities

  • Fireplaces And Stoves: Fireplace(s), Wood
  • Heating Cooling Types: Hot Water, Window Air Conditioner
  • Laundry: On Level: Main Floor, Flooring: Vinyl
  • Sewer: Pump Back, Private Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Private Well

Association/Amenities

  • Development Name: Silver Lake Lots

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Sloping
  • Lot Dimensions: 101 X 290
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential, Building-Use Restrictions

MLS Schools

  • Elementary School: Silver Lake Elementary School
  • HighSchool: Traverse City West Senior High School
  • School District: Traverse City Area Public Schools
  • Middle School: Traverse City West Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2019
Closed on
Aug 30, 2019
Sold by
Higgins Silver Lake House Llc
Bought by
Steele Richard W and Steele Wendy H
Seller's Agent
Dave Hauser
REO-TCRandolph-233022
Buyer's Agent
Alaina Korreck
Key Realty One-TC
List Price
$485,000
Sold Price
$470,000
Premium/Discount to List
-$15,000
-3.09%
Current Estimated Value
$868,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398,494
Avg. Annual Appreciation
10.39%

Purchase Details

Closed on
May 28, 2014

Purchase Details

Closed on
Dec 22, 1994

Purchase Details

Closed on
May 6, 1993
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
Steele Richard W $470,000 --
-- -- --
-- $140,800 --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2019 08/30/19 Sold $470,000 -3.1% $247 / Sq Ft
08/11/2019 08/11/19 Pending -- -- --
06/28/2019 06/28/19 For Sale $485,000 -- $255 / 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 $10,823 $417,000 $0 $0
2024 $8,721 $360,500 $0 $0
2023 $8,325 $226,600 $0 $0
2022 $5,984 $247,500 $0 $0
2021 $5,406 $226,600 $0 $0
2020 $4,477 $162,500 $0 $0
2019 $4,438 $158,400 $0 $0
2018 $0 $162,200 $0 $0
2017 -- $169,300 $0 $0
2016 -- $130,600 $0 $0
2014 -- $116,500 $0 $0
2012 -- $154,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1863752

Northern Great Lakes REALTORS® MLS

APN: 05-290-003-00