NOT LISTED FOR SALE

5 Great Lakes Unit 5 Glen Arbor, MI 49636

Estimated Value: $396,000 - $476,000

1 Bed
1 Bath
602 Sq Ft
$737/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $240,000 $399 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $2,990/month

80 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Ski Accessible
  • Sandy Beach
  • 283 Feet of Waterfront
  • Golf Course Community
  • Deck

About This Home

As of February 2020

Whole ownership. Walk right out to the Crystal River from the updated Great Lakes 5, a one bedroom, one bathroom, waterfront condominium in The Homestead. This condo has been tastefully renovated with new flooring, fresh paint, and has a very light and "beachy" decor. Cozy up by the wood-burning fireplace on colorful fall evenings, and enjoy access to the resort's cross country trails and downhill skiing in the winter. The bedroom has its own sliding doors to the patio, and a coin operated washer/dryer is located in the lower level of the building for ease and convenience. This spot is ideal for kayaking, tubing, wading, or splashing around, and just over the footbridge is also Lake Michigan, perfect for summer afternoons at the beach and gorgeous, west facing sunsets. This space comfortably accommodates up to 4 people with one bedroom and a sleeper sofa, and would be a great retreat for enjoying northern Michigan and the Sleeping Bear Dunes National Lakeshore! Excellent rental history. Sold furnished with some exceptions.

Last Agent to Sell the Property

Ranae Ihme

LVR Realty, LLC License #6502348899 Listed on: 11/01/2019

Last Buyer's Agent

Ranae Ihme

LVR Realty, LLC License #6502348899 Listed on: 11/01/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,739

Year Built

  • Built in 1976

Lot Details

  • 283 Feet of Waterfront
  • Sandy Beach
  • Landscaped
  • Wooded Lot
  • The community has rules related to zoning restrictions

HOA Fees

  • $227 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 602 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Water Views
  • Crawl Space

Kitchen

  • Oven or Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Outdoor Features

  • Deeded Waterfront Access Rights
  • River Access
  • Deck

Location

  • Ground Level Unit

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

Overview

  • Association fees include exterior maintenance, lawn care, snow removal, trash removal
  • Homestead Resort Community

Recreation

  • Golf Course Community
  • Community Spa
  • Ski Accessible

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,739

Year Built

Built in 1976

Lot Details

0

HOA Fees

$227 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Contemporary, 2+ Story
  • Estimated Year Built: 1976
  • Construction: Frame
  • Private Shared: Shared
  • Section Number: 14
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1976

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave
  • Bedrooms: 1
  • Bedroom 1: Dimensions: 11x11, On Level: Main Floor
  • Total Bathrooms: 1
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: On Level: Main Floor
  • Kitchen: Dimensions: 10.00x8.00, On Level: Main Floor
  • Living Room: Dimensions: 14.00x20.00, On Level: Main Floor
  • Estimated Above Ground Finished Sq Ft: 602
  • Price Per Sq Ft: 398.67
  • Range: R 14W
  • Total Finished Sf Apx: 602

Exterior Features

  • Body Of Water: Lake Michigan
  • Exterior Features: Deck, Landscaped
  • Exterior Finish: Wood, Rough-Sawn
  • Foundation: Crawl Space
  • Road: Association, Blacktop
  • Roof: Asphalt
  • Water Features: River, Water View, Sandy Bottom
  • Waterfront Frontage: 283

Garage/Parking

  • Driveway: Blacktop

Utilities

  • Fireplaces And Stoves: Fireplace(s), Wood
  • Heating Cooling Types: Baseboard
  • Laundry: On Level: None
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV, WiFi
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Lawn Care, Snow Removal, Trash Removal
  • Condo: Yes
  • Condo Unit Access: Stairway (Outdoor)
  • Condo Unit Level: First Floor Level
  • Association Fees: Monthly
  • Monthly Assn Dues: 227

Association/Amenities

  • Development Amenities: Golf Course, Ski Slope, Spa
  • Development Name: Homestead Resort

Schools

  • School District: Glen Lake Community Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Wooded-Hardwoods, Wooded
  • Parcel Description: Condo/None
  • Zoning Use Restrictions: Residential, Multi-Family

MLS Schools

  • School District: Glen Lake Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2019
Closed on
Feb 11, 2020
Sold by
Hobbs James C
Bought by
Gross Catheryn and Gross Anna
Seller's Agent
Ranae Ihme
LVR Realty, LLC
Buyer's Agent
Ranae Ihme
LVR Realty, LLC
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%
Current Estimated Value
$443,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,915
Avg. Annual Appreciation
11.55%

Purchase Details

Closed on
Nov 1, 2006
Sold by
Kraft Gerald
Bought by
Hobbs James C and Cundari-Hobbs Tammy L
Source: Public Records

Range of Values:

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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
Gross Catheryn $240,000 --
Hobbs James C $295,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2020 02/14/20 Sold $240,000 -4.0% $399 / Sq Ft
01/20/2020 01/20/20 Pending -- -- --
11/01/2019 11/01/19 For Sale $250,000 -- $415 / 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 $3,739 $234,700 $0 $0
2024 $3,147 $209,800 $0 $0
2023 $1,029 $161,600 $0 $0
2022 $3,462 $112,700 $0 $0
2021 $3,379 $100,400 $0 $0
2020 $3,163 $91,300 $0 $0
2019 $3,227 $92,700 $0 $0
2018 -- $103,600 $0 $0
2017 -- $116,500 $0 $0
2016 -- $115,200 $0 $0
2015 -- $117,700 $0 $0
2014 -- $130,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ranae Ihme

    Seller's Agent in 2020

    Ranae Ihme

    LVR Realty, LLC

    (231) 218-2714

    242 Total Sales

    Ranae Ihme
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1869180

Northern Great Lakes REALTORS® MLS

APN: 006-705-003-00

Michigan Leelanau County Glen Arbor 49636

5 Great Lakes Unit 5, Glen Arbor, MI

This home is located at 5 Great Lakes Unit 5, Glen Arbor, MI 49636 since 01 November 2019 and is currently estimated at $443,915, approximately $737 per square foot. This property was built in 1976. 5 Great Lakes Unit 5 is a home located in Leelanau County with nearby schools including Glen Lake Community Schools, Glen Lake Elementary School, and The Leelanau School.

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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