NOT LISTED FOR SALE

492 N West Silver Lake Rd Traverse City, MI 49685

Estimated Value: $599,000 - $818,000

3 Beds
2 Baths
1,228 Sq Ft
$563/Sq Ft Est. Value

Last Sold September 27, 2021

Last sale price $550,000 $448 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $4,482/month

79 Days on Market

Highlights

  • Private Waterfront
  • Sandy Beach
  • Deck
  • Deeded Waterfront Access Rights
  • Bay View
  • Ranch Style House

About This Home

As of September 2021

112' of sandy Silver Lake frontage! Wake up to beautiful lake views from almost every room in the house! Come home after a long day and relax on the spacious deck that can be accessed from either the master bedroom or living room. Enjoy the peacefulness of the water washing up on the shore or make waves while diving off the swim platform, just off your private, sandy beach. Home offers central air, granite counter tops, updated electrical, copper plumbing, a newly added garage in 2017. Included in the sale of the home is the dock, swim platform, paddle boat and Invisible Pet fence (collars included). Make this your vacation destination or your year round residence. This home is a must see!

Last Agent to Sell the Property

Julia Bloxsom-Phelps

REO-TCRandolph-233022 License #6501251093 Listed on: 05/20/2021

REO-TCRandolph-233022

Co-Listed By

Lesley Werth

45th Parallel Homes License #6506045242

Last Buyer's Agent

Judy Robinson

Coldwell Banker Schmidt Traver License #6501211527

Coldwell Banker Schmidt Traver

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,126

Year Built

  • Built in 1930

Lot Details

  • 0.66 Acre Lot
  • Lot Dimensions are 107x180x116x150
  • Private Waterfront
  • 112 Feet of Waterfront
  • Property fronts an easement
  • Sandy Beach
  • Fenced Yard
  • Landscaped
  • Sloped Lot
  • Cleared Lot
  • The community has rules related to zoning restrictions

Home Design

  • Ranch Style House
  • Cottage
  • Block Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,228 Sq Ft Home
  • Ceiling Fan
  • Fireplace
  • Mud Room
  • Entrance Foyer
  • Great Room
  • Bay Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Crawl Space

Parking

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

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Deck
  • Shed

Schools

  • Traverse City West Senior High School

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Natural Gas Water Heater
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Community Details

  • Metes And Bounds Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,126

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, Cottage, 1 Story
  • Estimated Year Built: 1930
  • Construction: Frame
  • Private Shared: Private
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1930

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Ceiling Fan, Natural Gas Water Heater, Smoke Alarms(s)
  • Interior Amenities: Foyer Entrance, Granite Kitchen Tops, Mud Room, Great Room, Drywall
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 17x10, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 10x10, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 11x10, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 2
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 1
  • Number of Three Quarter Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 21xcombo, On Level: Main Floor, Flooring: Wood
  • Kitchen: Dimensions: Combox9.5, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 17x17, On Level: Main Floor, Flooring: Wood
  • Range: R 11W
  • Total Finished Sf Apx: 1228

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Body Of Water: Silver Lake
  • Exterior Features: Bay View, Deck, Fenced Yard, Landscaped
  • Exterior Finish: Vinyl
  • Foundation: Partial, Crawl Space, Block
  • Number Of Acres: 0.66
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, Water View, Soft Bottom, Sandy Bottom, Gradual Slope to Water, Vegetation to Water Edge, Deeded Easement, Public Lake, Sandy Shoreline
  • Waterfront Frontage: 112

Garage/Parking

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

Utilities

  • Fireplaces And Stoves: Fireplace(s)
  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: On Level: Lower Floor
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV, DSL, Cable Internet, Dish TV, WiFi
  • Water: Private Well

Association/Amenities

  • Development Name: Metes and Bounds

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Cleared, Sloping
  • Lot Dimensions: 107x180x116x150
  • Mineral Rights: Unknown
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential

Tax Info

  • Summer Taxes: 1609
  • Winter Taxes: 3255

MLS Schools

  • HighSchool: Traverse City West Senior High School
  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2021
Closed on
Sep 27, 2021
Sold by
Thomas David
Bought by
Riksen Robert
Seller's Agent
Julia Bloxsom-Phelps
REO-TCRandolph-233022
Buyer's Agent
Judy Robinson
Coldwell Banker Schmidt Traver
List Price
$650,000
Sold Price
$550,000
Premium/Discount to List
-$100,000
-15.38%
Current Estimated Value
$691,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,688
Avg. Annual Appreciation
5.71%

Purchase Details

Listed on
Jan 2, 2017
Closed on
May 26, 2017
Sold by
Tyl Llc
Bought by
David Thomas J and David Catherine Thomas
Seller's Agent
Mark Hagan
Coldwell Banker Schmidt Traver
Buyer's Agent
Julia Bloxsom-Phelps
REO-TCRandolph-233022
List Price
$340,000
Sold Price
$337,730
Premium/Discount to List
-$2,270
-0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.92%

Purchase Details

Closed on
Jun 27, 2013

Purchase Details

Closed on
Jun 24, 2011

Purchase Details

Closed on
Jun 23, 2004

Purchase Details

Closed on
Oct 22, 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
Riksen Robert $550,000 --
David Thomas J $337,730 --
-- $257,500 --
-- -- --
-- $283,000 --
-- $110,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2021 09/27/21 Sold $550,000 0.0% $448 / Sq Ft
08/02/2021 08/02/21 Price Changed $550,000 -8.3% $448 / Sq Ft
06/25/2021 06/25/21 Price Changed $599,900 -4.0% $489 / Sq Ft
06/06/2021 06/06/21 Price Changed $625,000 -3.8% $509 / Sq Ft
05/20/2021 05/20/21 For Sale $650,000 +92.5% $529 / Sq Ft
06/01/2017 06/01/17 Sold $337,730 -0.7% $275 / Sq Ft View Prior Sale
04/11/2017 04/11/17 Pending -- -- --
01/02/2017 01/02/17 For Sale $340,000 -- $277 / 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 $10,126 $284,800 $0 $0
2024 $8,159 $283,300 $0 $0
2023 $7,789 $200,500 $0 $0
2022 $9,289 $204,800 $0 $0
2021 $4,906 $200,500 $0 $0
2020 $4,864 $177,200 $0 $0
2019 $4,904 $173,500 $0 $0
2018 $0 $179,400 $0 $0
2017 -- $144,300 $0 $0
2016 -- $133,700 $0 $0
2014 -- $120,100 $0 $0
2012 -- $150,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1887648

Northern Great Lakes REALTORS® MLS

APN: 05-290-001-00