NOT LISTED FOR SALE

5154 Liberty Dr Traverse City, MI 49685

Estimated Value: $551,000 - $610,000

0.53 Acre
$1,097,849 Price per Acre
23,087 Sq Ft Lot

Last Sold October 17, 2016

Last sale price $32,000

Est. 1,718% increase in value since last sale

Current estimated payment $3,436/month

831 Days on Market

About This Lot

As of October 2016

Buildable Lot in popular Heritage Estates Subdivision. This upscale neighborhood features municipal water and septic as well an underground electric. This is a great lot convenient to town, shopping, hospital. Build your dream home here!

Last Agent to Sell the Property

Tom Krause

Krause Realty Solutions License #6504205259 Listed on: 06/15/2014

Last Buyer's Agent

Holly Hack

EXIT Northern Shores-TC License #6502375734

EXIT Northern Shores-TC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,500

Lot Details

  • 0.53 Acre Lot
  • Lot Dimensions are 100x221.49
  • Level Lot
  • Cleared Lot
  • The community has rules related to zoning restrictions

Utilities

  • Underground Utilities
  • Phone Available
  • Cable TV Available

Community Details

  • Heritage Estates Community

Property Details

Property Type

Land

Est. Annual Taxes

$4,500

Lot Details

0

Listing Details

  • Class: Vacant Lot/Land
  • Type: Vacant Lot/Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Range: R 11W

Exterior Features

  • Number Of Acres: 0.53
  • Road: Public Maintained, Association, Blacktop

Utilities

  • Utilities Available: Cable Tv, Natural Gas, Telephone, Underground Electric
  • Waste Available: Municipal
  • Waste Installed: Municipal
  • Water Available: Municipal Water
  • Water Installed: Municipal

Association/Amenities

  • Development Name: Heritage Estates

Lot Info

  • Land Features: Level, Cleared
  • Lot Dimensions: 100x221.49
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Platted Subdivision, Deed Restrictions

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2014
Closed on
Oct 17, 2016
Seller's Agent
Tom Krause
Krause Realty Solutions
Buyer's Agent
Holly Hack
EXIT Northern Shores-TC
List Price
$38,990
Sold Price
$32,000
Premium/Discount to List
-$6,990
-17.93%
Current Estimated Value
$581,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$549,860
Avg. Annual Appreciation
37.64%

Purchase Details

Closed on
Jan 7, 2008

Purchase Details

Closed on
Jul 11, 2006

Purchase Details

Closed on
Jul 29, 2003
Source: Public Records

Range of Values:

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Average Value
Not Available
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
-- $32,000 --
-- -- --
-- $49,900 --
-- $41,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2016 10/17/16 Sold $32,000 -17.9% --
09/23/2016 09/23/16 Pending -- -- --
06/15/2014 06/15/14 For Sale $38,990 -- --
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 $4,500 $307,900 $0 $0
2024 $3,040 $255,600 $0 $0
2023 $2,909 $192,100 $0 $0
2022 $4,108 $205,100 $0 $0
2021 $3,972 $192,100 $0 $0
2020 $3,937 $184,600 $0 $0
2019 $3,946 $177,000 $0 $0
2018 $0 $162,000 $0 $0
2017 -- $24,000 $0 $0
2016 -- $18,000 $0 $0
2014 -- $10,000 $0 $0
2012 -- $10,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tom Krause

    Seller's Agent in 2016

    Tom Krause

    Krause Realty Solutions

    (231) 392-3180

    2 in this area

    50 Total Sales

    Tom Krause
    Section Image
  • Holly Hack

    Buyer's Agent in 2016

    Holly Hack

    EXIT Northern Shores-TC

    (231) 946-4404

    31 in this area

    202 Total Sales

    Holly Hack
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1786165

Northern Great Lakes REALTORS® MLS

APN: 05-154-179-00

Michigan Grand Traverse County Traverse City 49685

5154 Liberty Dr, 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.

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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