NOT LISTED FOR SALE

5055 Porsche Dr Traverse City, MI 49685

Estimated Value: $461,000 - $641,000

4 Beds
2 Baths
1,933 Sq Ft
$277/Sq Ft Est. Value

Last Sold December 23, 2013

Last sale price $206,000 $107 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $3,121/month

26 Days on Market

Highlights

  • Water Views
  • Wooded Lot
  • Granite Countertops
  • 1.25 Acre Lot
  • Great Room
  • Covered Patio or Porch

About This Home

As of December 2013

Exceptional value. Short Sale. Close to Traverse City. Easy Access to Willow Hill Elementary, Long Lake , Montessori and Silver Lake Elementary. Preapproved short sale. A must see!!!

Last Agent to Sell the Property

Cindy Anderson

Lake Homes Realty, LLC License #6502352611 Listed on: 10/04/2013

Lake Homes Realty, LLC

Last Buyer's Agent

Eric Hubschneider

REO-TCRandolph-233022 License #6501376815

REO-TCRandolph-233022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,648

Year Built

  • Built in 2003

Lot Details

  • 1.25 Acre Lot
  • Sloped Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Parking

  • 2 Car Attached Garage

Home Design

  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,933 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Great Room
  • Water Views

Kitchen

  • No Kitchen Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms

Basement

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

Outdoor Features

  • Covered Patio or Porch

Schools

  • Silver Lake Elementary School
  • Traverse City West Middle School
  • Traverse City West Senior High School

Utilities

  • Forced Air Heating and Cooling System
  • Well

Community Details

  • Metes Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,648

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 1 Story
  • Estimated Year Built: 2003
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 2003
  • Year Renovated: 2003

Interior Features

  • Appliances Equipment: No Appliances
  • Interior Amenities: Foyer Entrance, Pantry, Granite Kitchen Tops, Great Room
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 13x13, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 9x10, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 8x9, On Level: Main Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 11x11, On Level: Lower Floor, Flooring: Other
  • Total Bathrooms: 2
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 1
  • Number of Three Quarter Bathrooms: 1
  • Dining Room: Dimensions: 10x10, On Level: Main Floor, Flooring: Wood
  • Family Room: Dimensions: 15x15, On Level: Main Floor, Flooring: Wood
  • Kitchen: Dimensions: 11x10, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 15x11, On Level: Lower Floor, Flooring: Carpet
  • Range: R 14E
  • Total Finished Sf Apx: 1933

Exterior Features

  • Exterior Features: Covered Porch, Porch
  • Exterior Finish: Vinyl
  • Foundation: Full, Walkout
  • Number Of Acres: 1.25
  • Road: Blacktop
  • Roof: Asphalt
  • Water Features: Water View

Garage/Parking

  • Driveway: Blacktop
  • Garage Capacity: 2
  • Primary Garage: Attached

Utilities

  • Heating Cooling Types: Forced Air, Hot Water, Central Air
  • Sewer: Private Septic
  • Tv Service Internet Avail: Unknown
  • Water: Private Well

Association/Amenities

  • Development Name: metes

Lot Info

  • Land Features: Wooded, Sloping
  • Lot Dimensions: irreg
  • Mineral Rights: Unknown
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential

MLS Schools

  • Elementary School: Silver Lake Elementary School
  • HighSchool: Traverse City West Senior High School
  • School District: Traverse City Area Public Schools
  • Middle School: Traverse City West Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2013
Closed on
Dec 19, 2013
Seller's Agent
Cindy Anderson
Lake Homes Realty, LLC
Buyer's Agent
Eric Hubschneider
REO-TCRandolph-233022
List Price
$200,000
Sold Price
$206,000
Premium/Discount to List
$6,000
3%
Current Estimated Value
$535,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,593
Avg. Annual Appreciation
8.40%

Purchase Details

Closed on
Sep 25, 2013

Purchase Details

Closed on
Sep 18, 2013

Purchase Details

Closed on
Sep 7, 2004

Purchase Details

Closed on
Oct 31, 2003
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
-- $206,000 --
-- -- --
-- $276,100 --
-- -- --
-- $35,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2013 12/23/13 Sold $206,000 +3.0% $107 / Sq Ft
10/30/2013 10/30/13 Pending -- -- --
10/04/2013 10/04/13 For Sale $200,000 -- $103 / 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 $3,648 $253,200 $0 $0
2024 $2,464 $215,900 $0 $0
2023 $2,358 $171,400 $0 $0
2022 $3,330 $169,700 $0 $0
2021 $3,219 $171,400 $0 $0
2020 $3,191 $167,800 $0 $0
2019 $3,198 $143,800 $0 $0
2018 $0 $130,800 $0 $0
2017 -- $137,000 $0 $0
2016 -- $136,500 $0 $0
2014 -- $107,400 $0 $0
2012 -- $127,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1777089

Northern Great Lakes REALTORS® MLS

APN: 05-030-013-10