NOT LISTED FOR SALE

5178 Silver Shores Ln Traverse City, MI 49685

Estimated Value: $267,353 - $376,000

2 Beds
1 Bath
616 Sq Ft
$493/Sq Ft Est. Value

Last Sold October 01, 2014

Last sale price $125,000 $203 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $1,802/month

11 Days on Market

Highlights

  • Private Waterfront
  • Private Dock
  • Lake Privileges
  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Ranch Style House

About This Home

As of October 2014

This 620 square foot single family home has 2 bedrooms and 1.0 bathrooms. This home is located at 5178 Silver Shores Ln, Traverse City, MI 49685.

Last Agent to Sell the Property

Andy Stireman

Coldwell Banker Schmidt Traver License #6501239377 Listed on: 07/31/2014

Coldwell Banker Schmidt Traver

Last Buyer's Agent

Casey Punturo

EXIT Northern Shores Realty-ER License #6501370899

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,464

Year Built

  • Built in 1966

Lot Details

  • Private Waterfront
  • 180 Feet of Waterfront
  • Sandy Beach
  • Level Lot
  • Sprinkler System
  • The community has rules related to zoning restrictions

Parking

  • Gravel Driveway

Home Design

  • Ranch Style House
  • Cottage
  • Slab Foundation
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 616 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Fireplace
  • Blinds
  • Water Views

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Private Dock
  • Waterfront Park
  • Lake Privileges

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • Shared Well
  • Shared Septic
  • Cable TV Available

Additional Features

  • Stepless Entry
  • Ground Level Unit

Community Details

Overview

  • Association fees include exterior maintenance, fire insurance, lawn care, snow removal, trash removal, water
  • Silver Shores Resort Condos Community

Amenities

  • Common Area

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,464

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, Cottage, 1 Story
  • Estimated Year Built: 1966
  • Construction: Frame
  • Private Shared: Shared
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1966
  • Year Renovated: 2012

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Microwave, Blinds, Ceiling Fan
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 10'x10', On Level: Main Floor
  • Bedroom 2: Dimensions: 10'x10', On Level: Main Floor
  • Total Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Number of Three Quarter Bathrooms: 1
  • Kitchen: Dimensions: 10'x10', On Level: Main Floor
  • Living Room: Dimensions: 14'x10', On Level: Main Floor
  • Range: R 11W
  • Total Finished Sf Apx: 616

Exterior Features

  • Body Of Water: Silver Lake
  • Exterior Features: Sprinkler System
  • Foundation: Slab, Shared Storage
  • Lake Size: 600 acres
  • Road: Association, Privately Maintained
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Private Dock, Sandy Bottom, Public Lake, Sandy Shoreline
  • Waterfront Frontage: 180

Garage/Parking

  • Driveway: Gravel

Utilities

  • Fireplaces And Stoves: Fireplace(s), Wood
  • Heating Cooling Types: Baseboard, Wall
  • Sewer: Shared Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Shared Well

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Fire Insurance, Lawn Care, Snow Removal, Trash Removal, Water
  • Condo: Yes
  • Condo Unit Access: No Steps
  • Condo Unit Level: First Floor Level

Association/Amenities

  • Development Amenities: Community Dock, Lake Privileges, Water Front Park, Pets Allowed, Common Area
  • Development Name: SILVER SHORES RESORT CONDOS

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Level
  • Parcel Description: Condo/None
  • Zoning Use Restrictions: Residential, Building-Use Restrictions

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2014
Closed on
Sep 29, 2014
Seller's Agent
Andy Stireman
Coldwell Banker Schmidt Traver
Buyer's Agent
Casey Punturo
EXIT Northern Shores Realty-ER
List Price
$125,000
Sold Price
$125,000
Current Estimated Value
$303,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,588
Avg. Annual Appreciation
8.30%

Purchase Details

Listed on
Jan 18, 2012
Closed on
May 7, 2012
Seller's Agent
Joe Schmidt
Coldwell Banker Schmidt Traver
Buyer's Agent
Andy Stireman
Coldwell Banker Schmidt Traver
List Price
$75,488
Sold Price
$49,900
Premium/Discount to List
-$25,588
-33.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.61%

Purchase Details

Closed on
Mar 16, 2011

Purchase Details

Closed on
Aug 25, 1995
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
-- $125,000 --
-- $49,900 --
-- $121,500 --
-- $46,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/29/2024 11/29/24 Off Market $1,350 -- --
11/12/2024 11/12/24 Price Changed $1,350 +2.4% $2 / Sq Ft
11/06/2024 11/06/24 For Rent $1,319 0.0% --
10/01/2014 10/01/14 Sold $125,000 0.0% $203 / Sq Ft
08/11/2014 08/11/14 Pending -- -- --
07/31/2014 07/31/14 For Sale $125,000 +150.5% $203 / Sq Ft
05/07/2012 05/07/12 Sold $49,900 -33.9% $81 / Sq Ft View Prior Sale
04/03/2012 04/03/12 Pending -- -- --
01/18/2012 01/18/12 For Sale $75,488 -- $123 / 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 $2,464 $104,800 $0 $0
2024 $1,986 $78,000 $0 $0
2023 $1,896 $66,400 $0 $0
2022 $2,244 $73,800 $0 $0
2021 $2,171 $66,400 $0 $0
2020 $2,147 $58,000 $0 $0
2019 $2,134 $46,700 $0 $0
2018 $0 $55,800 $0 $0
2017 -- $55,100 $0 $0
2016 -- $58,100 $0 $0
2014 -- $45,700 $0 $0
2012 -- $68,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andy Stireman

    Seller's Agent in 2014

    Andy Stireman

    Coldwell Banker Schmidt Traver

    (231) 883-1361

    3 Total Sales

    Andy Stireman
    Section Image

  • C

    Buyer's Agent in 2014

    Casey Punturo

    EXIT Northern Shores Realty-ER

  • J

    Seller's Agent in 2012

    Joe Schmidt

    Coldwell Banker Schmidt Traver

    (231) 645-1150

    1 in this area

    37 Total Sales

    Joe Schmidt
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1788590

Northern Great Lakes REALTORS® MLS

APN: 05-189-003-00

Michigan Grand Traverse County Traverse City 49685

5178 Silver Shores Ln, 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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