NOT LISTED FOR SALE

4871 N East Torch Lake Dr Central Lake, MI 49622

Estimated Value: $1,012,000 - $1,103,000

2 Beds
1.5 Baths
1,796 Sq Ft
$589/Sq Ft Est. Value

Last Sold November 11, 2015

Last sale price $350,000 $195 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $5,758/month

153 Days on Market

Highlights

  • Private Waterfront
  • Private Dock
  • Deck
  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Cathedral Ceiling

About This Home

As of November 2015

Classic Torch Lake cottage with spectacular sunset views & 100' of frontage. Sugar sand on the lake bottom & depth gradually deepens creating an excellent swimming area. The home's open plan includes a combined kitchen, dining & living room with a brick fireplace. The fireplace is currently an electric insert, but could be converted back to gas. Fantastic views from the house & the wrap-around deck. Two bedrooms and a full bath complete the main floor of this raised ranch home. The lower level features a summer kitchen/laundry & family room w/a gas fireplace, .5 bath & more great views. An across the road lot, (58' x 290') with a two car garage.

Last Agent to Sell the Property

Butch Dewey

REO-TCBellaire-233025 License #6501273010 Listed on: 04/15/2015

Last Buyer's Agent

Butch Dewey

REO-TCBellaire-233025 License #6501273010 Listed on: 04/15/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,755

Year Built

  • Built in 1977

Lot Details

  • 0.73 Acre Lot
  • Private Waterfront
  • 100 Feet of Waterfront
  • Sandy Beach
  • Sloped Lot
  • The community has rules related to zoning restrictions

Home Design

  • Cottage
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,796 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Fireplace
  • Great Room
  • Water Views

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

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

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Outdoor Features

  • Deeded Waterfront Access Rights
  • Private Dock
  • Balcony
  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Cable TV Available

Community Details

Overview

  • Torch View Shores Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,755

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story, Cottage
  • Estimated Year Built: 1977
  • Construction: Frame
  • Private Shared: Private
  • Section Number: 7
  • Year Updated: 1987
  • Year Renovated: 1987
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1977

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Washer, Dryer, Freezer, Exhaust Fan
  • Interior Amenities: Cathedral Ceilings, Great Room
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 12x12, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 11x9, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 1.5
  • Number of Lower Level Bathrooms: 1
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Dining Room: Dimensions: 19.5xCombo, On Level: Main Floor, Flooring: Carpet
  • Family Room: Dimensions: 24x14, On Level: Lower Floor, Flooring: Carpet
  • Kitchen: Dimensions: 12.5xCombo, On Level: Main Floor, Flooring: Vinyl
  • Living Room: Dimensions: 15x14.5, On Level: Main Floor, Flooring: Carpet
  • Estimated Above Ground Finished Sq Ft: 926
  • Estimated Below Grade Finished Sq Ft: 870
  • Estimated Below Grade Unfinished Sq Ft: 56
  • Price Per Sq Ft: 194.88
  • Range: R 8E
  • Total Finished Sf Apx: 1796

Exterior Features

  • Body Of Water: Torch Lake
  • Exterior Features: Balcony, Deck, Patio
  • Exterior Finish: Vinyl
  • Foundation: Walkout, Block, Entrance Outside, Egress Windows, Full Finished
  • Lake Size: 18 miles
  • Number Of Acres: 0.73
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Private Dock, Sandy Bottom, Vegetation to Water Edge
  • Waterfront Frontage: 100

Garage/Parking

  • Driveway: Concrete, Gravel
  • Garage Capacity: 2
  • Primary Garage: Detached, Concrete Floors

Utilities

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

Association/Amenities

  • Development Name: Torch View Shores

Schools

  • School District: Central Lake Public Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Sloping
  • Lot Dimensions: 100x148 & 58x290
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

Green Features

  • Renewable: Energy Star Rated Furnace

Tax Info

  • Summer Taxes: 1665
  • Taxable Value: 133481
  • Total Taxes: 2755
  • Winter Taxes: 1090
  • Year Summer: 2012
  • Year Winter: 2012

MLS Schools

  • School District: Central Lake Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2015
Closed on
Oct 30, 2015
Sold by
45 Parallel Llc
Bought by
Bantry Bay Development Company Llc
Seller's Agent
Butch Dewey
REO-TCBellaire-233025
Buyer's Agent
Butch Dewey
REO-TCBellaire-233025
List Price
$525,000
Sold Price
$350,000
Premium/Discount to List
-$175,000
-33.33%
Current Estimated Value
$1,057,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$707,849
Avg. Annual Appreciation
9.61%
Original Mortgage
$70,000
Interest Rate
3.82%
Mortgage Type
New Conventional
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
Bantry Bay Development Company Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Bantry Bay Development Company Llc $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/11/2015 11/11/15 Sold $350,000 -33.3% $195 / Sq Ft
09/15/2015 09/15/15 Pending -- -- --
04/15/2015 04/15/15 For Sale $525,000 +6.1% $292 / Sq Ft
07/25/2013 07/25/13 Sold $494,900 -5.7% $276 / Sq Ft
07/19/2013 07/19/13 Pending -- -- --
06/04/2013 06/04/13 For Sale $525,000 -- $292 / 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 $75 $453,200 $0 $0
2024 $75 $413,000 $0 $0
2023 $7,165 $382,600 $0 $0
2022 $9,212 $297,800 $0 $0
2021 $8,410 $265,400 $0 $0
2020 $8,521 $258,000 $0 $0
2019 $4,645 $218,500 $0 $0
2018 $4,541 $198,100 $0 $0
2017 $4,036 $192,300 $0 $0
2016 $2,513 $209,400 $0 $0
2015 -- $254,300 $0 $0
2014 -- $246,400 $0 $0
2013 -- $212,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1797665

Northern Great Lakes REALTORS® MLS

APN: 05-14-775-010-00