Seller's Agent in 2016
Carol Franklin
BAYSHORE GROUP REALTY
(231) 633-3672
5 in this area
78 Total Sales
5123 Silver Shores Ln Traverse City, MI 49685
Estimated Value: $241,000 - $333,000
2
Beds
1
Bath
832
Sq Ft
$356/Sq Ft
Est. Value
Highlights
- Deeded Waterfront Access Rights
- Sandy Beach
- Wooded Lot
- 180 Feet of Waterfront
- Lake Privileges
- Ranch Style House
About This Home
As of January 2016SWIM & DOCK YOUR BOAT ON SANDY SILVER LAKE! Walk out the door & enjoy affordable Silver Lake living w/ this well maintained & completely updated year-round home. Wonderful waterfront park (gazebo, benches, firepit, waterslide, dock & more!) w/ very nice sandy beach & frontage & only 10 min to everything in TC! Great rental investment to pay for your keeping your boat on the lake and/or long term waterfront enjoyment! Updated: roof, windows, deck, tile/wood lam floors, kitchen, appliances & more. Total 8 cottages/resort share 180' frontage. Monthly dues of $220 go towards all exterior lawn, grounds and beach & road maintenance.
Last Agent to Sell the Property
BAYSHORE GROUP REALTY License #6502364792 Listed on: 09/21/2015
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,040
Year Built
- Built in 1976
Lot Details
- 180 Feet of Waterfront
- Sandy Beach
- Level Lot
- Cleared Lot
- Wooded Lot
- Garden
- The community has rules related to zoning restrictions
Parking
- Gravel Driveway
Home Design
- Ranch Style House
- Fire Rated Drywall
- Frame Construction
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 832 Sq Ft Home
- Crawl Space
- Oven or Range
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Accessible Home Design
- Minimal Steps
- Stepless Entry
Outdoor Features
- Deeded Waterfront Access Rights
- Property is near a lake
- Waterfront Park
- Lake Privileges
- Porch
Location
- Ground Level Unit
Utilities
- Forced Air Heating and Cooling System
- Shared Well
- Cable TV Available
Community Details
Overview
- Association fees include lawn care, snow removal, trash removal
- Silver Shores Resort Community
Amenities
- Common Area
Recreation
- Water Sports
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 25, 2016
Current Estimated Value
Purchase Details
Listed on
Sep 21, 2015
Closed on
Jan 4, 2016
Seller's Agent
Carol Franklin
BAYSHORE GROUP REALTY
Buyer's Agent
Tom Krause
Krause Realty Solutions
List Price
$139,900
Sold Price
$125,000
Premium/Discount to List
-$14,900
-10.65%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.18%
Purchase Details
Closed on
Jan 12, 2015
Purchase Details
Closed on
Apr 27, 2013
Purchase Details
Closed on
Aug 19, 2011
Purchase Details
Closed on
Mar 24, 2011
Purchase Details
Closed on
Apr 7, 2010
Purchase Details
Closed on
Jul 22, 2005
Purchase Details
Closed on
Mar 3, 2004
Purchase Details
Closed on
Jun 5, 2000
Purchase Details
Closed on
Aug 22, 1995
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | -- | -- | |
| -- | $125,000 | -- | |
| -- | -- | -- | |
| -- | -- | -- | |
| -- | $73,500 | -- | |
| -- | $49,900 | -- | |
| -- | $137,600 | -- | |
| -- | $119,900 | -- | |
| -- | -- | -- | |
| -- | $76,500 | -- | |
| -- | $46,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/03/2016 01/03/16 | Sold | $125,000 | -10.7% | $150 / Sq Ft |
| 12/21/2015 12/21/15 | Pending | -- | -- | -- |
| 09/21/2015 09/21/15 | For Sale | $139,900 | -- | $168 / Sq Ft |
Source: Northern Great Lakes REALTORS® MLS
Tax History Compared to Growth
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 | $3,040 | $129,400 | $0 | $0 |
| 2024 | $2,449 | $129,400 | $0 | $0 |
| 2023 | $2,338 | $78,900 | $0 | $0 |
| 2022 | $2,768 | $87,400 | $0 | $0 |
| 2021 | $2,677 | $78,900 | $0 | $0 |
| 2020 | $2,649 | $70,000 | $0 | $0 |
| 2019 | $2,632 | $57,600 | $0 | $0 |
| 2018 | $0 | $65,700 | $0 | $0 |
| 2017 | -- | $64,200 | $0 | $0 |
| 2016 | -- | $58,800 | $0 | $0 |
| 2014 | -- | $35,500 | $0 | $0 |
| 2012 | -- | $45,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Carol Franklin
-
Tom Krause
Buyer's Agent in 2016
Tom Krause
Krause Realty Solutions
(231) 392-3180
2 in this area
50 Total Sales
Map
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1806627
APN: 05-189-004-00
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.
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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