NOT LISTED FOR SALE

492 NW Silver Lake Rd Traverse City, MI 49685

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

3 Beds
2 Baths
1,204 Sq Ft
$574/Sq Ft Est. Value

Last Sold June 27, 2013

Last sale price $257,500 $214 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $4,482/month

498 Days on Market

Highlights

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

About This Home

As of June 2013

Beautiful Lot with unobstructive panoramic views to the north , East, & south, with sandy beach. House is a 3 bedroom , 2 bath home with a nice open floor plan. Lots of remodeling has been done. new kitchen, new furnace with A/C . all new copper plumbing, & electrical. Enjoy your morning coffee & sunrise on your large deck overlooking the lake.

Last Agent to Sell the Property

Lynda Herkner

Century 21 Northland License #6501218129 Listed on: 01/18/2012

Last Buyer's Agent

Lynda Herkner

Century 21 Northland License #6501218129 Listed on: 01/18/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,126

Year Built

  • Built in 1930

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 106.7 x 180
  • Private Waterfront
  • 106 Feet of Waterfront
  • Property fronts an easement
  • Sandy Beach
  • The community has rules related to zoning restrictions

Parking

  • Assigned Parking

Home Design

  • Ranch Style House
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,204 Sq Ft Home
  • Fireplace
  • Water Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Crawl Space

Outdoor Features

  • Deeded Waterfront Access Rights
  • Private Dock
  • Deck

Utilities

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

Community Details

  • Silver Lake Lots 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, 1 Story
  • Estimated Year Built: 1930
  • Private Shared: Private
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1930
  • Year Renovated: 2004

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Washer, Dryer
  • Interior Amenities: Granite Kitchen Tops
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 17.5x9.9, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 11.3x9.7, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 10.5x10, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 2
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 2
  • Dining Room: Dimensions: 9.8x9.5, On Level: Main Floor, Flooring: None
  • Kitchen: Dimensions: 11.1x9.7, On Level: Main Floor, Flooring: None
  • Living Room: Dimensions: 17.1x17.1, On Level: Main Floor, Flooring: Carpet
  • Range: R 11W
  • Total Finished Sf Apx: 1204

Exterior Features

  • Body Of Water: Silver Lake
  • Exterior Features: Deck
  • Exterior Finish: Vinyl
  • Foundation: Partial, Crawl Space, Block
  • Number Of Acres: 0.25
  • Road: Public Maintained, Easement
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, Water View, Private Dock, Sandy Bottom, Sandy Shoreline
  • Waterfront Frontage: 106

Garage/Parking

  • Driveway: Easement
  • Primary Garage: Assigned Parking Space

Utilities

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

Association/Amenities

  • Development Name: Silver Lake Lots

Lot Info

  • Lot Number: 1
  • Deeded Waterfront: Yes
  • Lot Dimensions: 106.7 x 180
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential, Unknown

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2021
Sold by
Thomas David
Bought by
Riksen Robert
Current Estimated Value
$691,688

Purchase Details

Closed on
May 26, 2017
Sold by
Tyl Llc
Bought by
David Thomas J and David Catherine Thomas

Purchase Details

Listed on
Jan 18, 2012
Closed on
Jun 27, 2013
Seller's Agent
Lynda Herkner
Century 21 Northland
Buyer's Agent
Lynda Herkner
Century 21 Northland
List Price
$319,000
Sold Price
$257,500
Premium/Discount to List
-$61,500
-19.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.33%

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
06/27/2013 06/27/13 Sold $257,500 -19.3% $214 / Sq Ft
05/30/2013 05/30/13 Pending -- -- --
01/18/2012 01/18/12 For Sale $319,000 -- $265 / 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: 1732741

Northern Great Lakes REALTORS® MLS

APN: 05-290-001-00