NOT LISTED FOR SALE

465 Peninsula Trail Traverse City, MI 49696

Estimated Value: $491,000 - $578,000

11 Beds
6 Baths
4,100 Sq Ft
$130/Sq Ft Est. Value

Last Sold July 15, 2015

Last sale price $280,000 $68 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $3,138/month

801 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • 2.9 Acre Lot
  • Courtade Elementary School Rated A-
  • Private Dock
  • Lake Privileges

About This Home

As of July 2015

Almost 3 acres of woods and 130+ feet of frontage on Spider Lake is the setting for this mini resort. There are five homes/cottages and are currently rented month to month. This is the perfect owner occupied waterfont retreat. Use the large five bedroom home for your own use and let the other four cottages cover costs. Spider Lake is a 450 acre all sports lake, located just a few miles from downtown Traverse City.

Last Agent to Sell the Property

Ken Weaver

Berkshire Hathaway Homeservices - TC License #6501310917 Listed on: 05/04/2013

Berkshire Hathaway Homeservices - TC

Last Buyer's Agent

Ken Weaver

Berkshire Hathaway Homeservices - TC License #6501310917 Listed on: 05/04/2013

Berkshire Hathaway Homeservices - TC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,688

Year Built

  • Built in 1978

Lot Details

  • 2.9 Acre Lot
  • Lot Dimensions are 132 x 532 x 160 x 20
  • Private Waterfront
  • 132 Feet of Waterfront
  • Wooded Lot
  • The community has rules related to zoning restrictions

Parking

  • Gravel Driveway

Home Design

  • Ranch Style House
  • Cottage
  • Slab Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 4,100 Sq Ft Home
  • Fireplace
  • Entrance Foyer
  • Water Views
  • Oven or Range

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Full Bathrooms

Basement

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

Outdoor Features

  • Deeded Waterfront Access Rights
  • Private Dock
  • Waterfront Park
  • Lake Privileges
  • Tiered Deck
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Multiple Heating Units
  • Space Heater
  • Heating System Mounted To A Wall or Window
  • Well
  • Cable TV Available

Community Details

Overview

  • Pinewood Shores Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,688

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, Cottage
  • Estimated Year Built: 1978
  • Construction: Frame
  • Private Shared: Private
  • Section Number: 2
  • Year Updated: 2000
  • Year Renovated: 2000
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1978

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range
  • Interior Amenities: Foyer Entrance
  • Bedrooms: 11
  • Bedroom 1: Dimensions: .x.
  • Total Bathrooms: 6
  • Primary Bathroom: Shared
  • Number of Main Level Bathrooms: 6
  • Full Bathrooms: 6
  • Kitchen: Dimensions: .x.
  • Living Room: Dimensions: .x.
  • Estimated Above Ground Finished Sq Ft: 3260
  • Estimated Below Grade Finished Sq Ft: 840
  • Price Per Sq Ft: 68.29
  • Range: R 13E
  • Total Finished Sf Apx: 4100

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Body Of Water: Spider Lake
  • Exterior Features: Multi-Level Decking
  • Exterior Finish: Vinyl, Wood
  • Foundation: Full, Walkout, Crawl Space, Slab
  • Number Of Acres: 2.9
  • Road: Public Maintained
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Private Dock
  • Waterfront Frontage: 132

Garage/Parking

  • Driveway: Gravel

Utilities

  • Fireplaces And Stoves: Fireplace(s)
  • Heating Cooling Types: Forced Air, Space Heater, Wall
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV
  • Water: Private Well

Association/Amenities

  • Development Amenities: Community Dock, Lake Privileges, Water Front Park, Pets Allowed
  • Development Name: pinewood shores

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Number: 48,49
  • Deeded Waterfront: Yes
  • Land Features: Wooded-Hardwoods
  • Lot Dimensions: 132 x 532 x 160 x 20
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Rental History

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2015
Current Estimated Value
$531,418

Purchase Details

Listed on
May 4, 2013
Closed on
Jul 14, 2015
Seller's Agent
Ken Weaver
Berkshire Hathaway Homeservices - TC
Buyer's Agent
Ken Weaver
Berkshire Hathaway Homeservices - TC
List Price
$349,900
Sold Price
$280,000
Premium/Discount to List
-$69,900
-19.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.54%
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
-- -- --
-- $180,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2015 07/15/15 Sold $280,000 -20.0% $68 / Sq Ft
07/14/2015 07/14/15 Pending -- -- --
05/04/2013 05/04/13 For Sale $349,900 -- $85 / 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 $3,688 $191,800 $0 $0
2024 $2,965 $174,300 $0 $0
2023 $2,831 $118,600 $0 $0
2022 $3,322 $117,900 $0 $0
2021 $3,211 $118,600 $0 $0
2020 $3,159 $107,000 $0 $0
2019 $1,889 $92,300 $0 $0
2018 $1,844 $68,100 $0 $0
2017 -- $69,900 $0 $0
2016 -- $69,600 $0 $0
2014 -- $82,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1744969

Northern Great Lakes REALTORS® MLS

APN: 03-610-048-10