NOT LISTED FOR SALE

48 Tibbets Lake Ln Traverse City, MI 49696

Estimated Value: $262,000 - $316,000

0.14 Acre
$2,039,886 Price per Acre
6,098 Sq Ft Lot

Last Sold June 21, 2016

Last sale price $10,000 $11 Per Sq Ft

Est. 2,756% increase in value since last sale

Current estimated payment $1,668/month

8 Days on Market

Highlights

  • Public Water Access
  • Wooded Lot
  • Level Lot
  • Courtade Elementary School Rated A-
  • Adjoins Government Land

About This Lot

As of June 2016

Beautiful vacant lot near public access to Tibbets Lake. Close to Traverse City. Mostly level and wooded. Adjoins state land on back side of property for even more privacy.

Last Agent to Sell the Property

Thomas Cronin

Traverse Real Estate License #6502367206 Listed on: 05/16/2016

Last Buyer's Agent

Ken Weaver

Berkshire Hathaway Homeservices - TC License #6501310917

Berkshire Hathaway Homeservices - TC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,988

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50' x 120'
  • Adjoins Government Land
  • Level Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Utilities

  • Well
  • Private or Community Septic Tank

Community Details

Overview

  • High Lake Resort Community

Recreation

  • Public Water Access

Property Details

Property Type

Land

Est. Annual Taxes

$1,988

Lot Details

0

Listing Details

  • Class: Vacant Lot/Land
  • Type: Vacant Lot/Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Range: R 10W

Exterior Features

  • Number Of Acres: 0.14
  • Road: Blacktop, Privately Maintained, Rd Maintenance Agreement
  • Water Features: Near Pub.Access W/In 500'

Utilities

  • Utilities Available: Electric, Natural Gas
  • Waste Available: Private Septic
  • Water Available: Private Well

Association/Amenities

  • Development Name: High Lake Resort

Lot Info

  • Land Features: Joins State/Federal Land, Level, Wooded
  • Lot Dimensions: 50' x 120'
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Metes And Bounds

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2018
Sold by
Traverse Llc
Bought by
Smucker Rebecca
Current Estimated Value
$285,584

Purchase Details

Listed on
May 16, 2016
Closed on
Jun 21, 2016
Seller's Agent
Thomas Cronin
Traverse Real Estate
Buyer's Agent
Ken Weaver
Berkshire Hathaway Homeservices - TC
List Price
$12,500
Sold Price
$10,000
Premium/Discount to List
-$2,500
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.06%

Purchase Details

Closed on
Aug 27, 1998

Purchase Details

Closed on
Aug 25, 1998

Purchase Details

Closed on
Oct 30, 1997
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Smucker Rebecca $162,500 --
-- $10,000 --
-- $9,000 --
-- $9,000 --
-- $9,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2016 06/21/16 Sold $10,000 -20.0% $11 / Sq Ft
05/24/2016 05/24/16 Pending -- -- --
05/16/2016 05/16/16 For Sale $12,500 -- $13 / 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 $1,988 $107,100 $0 $0
2024 $1,338 $103,800 $0 $0
2023 $1,280 $69,300 $0 $0
2022 $1,783 $79,000 $0 $0
2021 $1,721 $69,300 $0 $0
2020 $1,690 $70,200 $0 $0
2019 $1,699 $62,700 $0 $0
2018 $2,623 $58,200 $0 $0
2017 -- $6,300 $0 $0
2016 -- $6,300 $0 $0
2014 -- $6,300 $0 $0
2012 -- $6,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Thomas Cronin

    Seller's Agent in 2016

    Thomas Cronin

    Traverse Real Estate

    (231) 590-5091

    2 in this area

    59 Total Sales

    Thomas Cronin
    Section Image
  • Ken Weaver

    Buyer's Agent in 2016

    Ken Weaver

    Berkshire Hathaway Homeservices - TC

    (231) 668-6303

    52 in this area

    104 Total Sales

    Ken Weaver
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1816589

Northern Great Lakes REALTORS® MLS

APN: 03-450-043-00

Michigan Grand Traverse County Traverse City 49696

48 Tibbets Lake Ln, Traverse City, MI

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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