NOT LISTED FOR SALE

5018 Heritage Way Traverse City, MI 49685

Estimated Value: $424,000 - $455,000

4 Beds
2 Baths
1,462 Sq Ft
$303/Sq Ft Est. Value

Last Sold August 28, 2023

Last sale price $365,000 $250 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,790/month

About This Home

Spacious 4 bedroom home located in one of the most desirable areas of Traverse City. Just outside the city limits, sought after schools and close proximity to all Traverse City has to offer. Open floor concept, corner lot, spacious garage with lots of storage. The super energy efficient design is hard to beat.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Aug 24, 2023
Sold by
Leaf Gerald K
Bought by
Hoffman Barbara
Seller's Agent
Matthew Dakoske
REMAX Bayshore - Union St TC
Buyer's Agent
Erica Mohr
REO-TCRandolph-233022
List Price
$459,900
Sold Price
$365,000
Premium/Discount to List
-$94,900
-20.63%
Views
110
Current Estimated Value
$442,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,647
Avg. Annual Appreciation
9.12%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hoffman Barbara $365,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/28/2023 08/28/23 Sold $365,000 -8.5% $250 / Sq Ft View Prior Sale
07/18/2023 07/18/23 Price Changed $399,000 -8.3% $273 / Sq Ft
07/10/2023 07/10/23 Price Changed $435,000 -5.4% $298 / Sq Ft
06/22/2023 06/22/23 For Sale $459,900 -- $315 / Sq Ft

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 $5,544 $214,600 $0 $0
2024 $3,745 $206,500 $0 $0
2023 $3,446 $40,200 $0 $0
2022 $2,309 $146,400 $0 $0
2021 $294 $40,200 $0 $0
2020 $485 $25,700 $0 $0
2019 $482 $32,400 $0 $0
2018 $0 $29,100 $0 $0
2017 -- $15,000 $0 $0
2016 -- $10,000 $0 $0
2014 -- $10,000 $0 $0
2012 -- $10,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matthew Dakoske

    Seller's Agent in 2023

    Matthew Dakoske

    RE/MAX Michigan

    (231) 590-7722

    81 in this area

    739 Total Sales

    Matthew Dakoske
    Section Image
  • Erica Mohr

    Buyer's Agent in 2023

    Erica Mohr

    Real Estate One

    (231) 499-5558

    31 in this area

    128 Total Sales

    Erica Mohr
    Section Image
See All Agents

Map

Michigan Grand Traverse County Traverse City 49684

5018 Heritage Way, 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.

Nearby Homes