NOT LISTED FOR SALE

5181 Palmer Place Traverse City, MI 49685

Estimated Value: $326,000 - $376,000

3 Beds
2 Baths
1,538 Sq Ft
$225/Sq Ft Est. Value

Last Sold October 26, 2020

Last sale price $220,000 $143 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,118/month

39 Days on Market

Highlights

  • Home Performance with ENERGY STAR
  • Cathedral Ceiling
  • Fenced Yard
  • Deck
  • Covered Patio or Porch
  • 2 Car Attached Garage

About This Home

As of October 2020

NEWER & UPDATED 3 bedroom and 2 full bath ranch home on a cul-da-sac with an easy commute to Traverse City. Recently updated with stainless appliances, paint, carpet, expoxy garage floor, central a/c, patio, firepit and backyard fencing to name a few. This trendy home is "smart" enabled with Ring & Nest products tied together through a smartphone app. The full basement is partially finished and is plumbed for a 3rd bath for those needing the additional and/or separate living areas!

Last Agent to Sell the Property

Christian Nelson

RE/MAX Of Elk Rapids License #6502369390 Listed on: 09/14/2020

RE/MAX Of Elk Rapids

Last Buyer's Agent

Steve Scheppe

Viewpoint Realty License #6502432934

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,988

Year Built

  • Built in 2012

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 75x294x254x75
  • Fenced Yard
  • Level Lot
  • The community has rules related to zoning restrictions

Parking

  • 2 Car Attached Garage

Home Design

  • Poured Concrete
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,538 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Low Emissivity Windows
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Eco-Friendly Details

  • Home Performance with ENERGY STAR

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Water Filtration System
  • Well
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Association fees include snow removal
  • Palmer Place Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,988

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 1 Story
  • Estimated Year Built: 2012
  • Construction: Frame
  • Section Number: 18
  • Year Updated: 2018
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 2012

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Water Filtration System, Electric Water Heater
  • Interior Amenities: Cathedral Ceilings, Walk-In Closet(s)
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 13.05x11.07, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 12.03x9.11, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 9.11x9.10, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 2
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 2
  • Main Floor Primary: Yes
  • Kitchen: Dimensions: 11.08x7.11, On Level: Main Floor, Flooring: Laminate
  • Living Room: Dimensions: 19.06x14.03, On Level: Main Floor, Flooring: Laminate
  • Estimated Above Ground Finished Sq Ft: 1150
  • Estimated Below Grade Finished Sq Ft: 338
  • Estimated Below Grade Unfinished Sq Ft: 812
  • Price Per Sq Ft: 143.04
  • Range: R 11W
  • Total Finished Sf Apx: 1538

Exterior Features

  • Exterior Features: Deck, Patio, Fenced Yard, Covered Porch
  • Exterior Finish: Vinyl
  • Foundation: Full, Poured Concrete, Plumbed for Bath
  • Number Of Acres: 0.47
  • Road: Association, Blacktop
  • Roof: Asphalt

Garage/Parking

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

Utilities

  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: On Level: Lower Floor
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Private Well

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal

Association/Amenities

  • Development Name: Palmer Place

Schools

  • School District: Traverse City Area Public Schools

Green Features

  • Energy Efficient: Energy Star Appliances, Low-e Windows

Lot Info

  • Land Features: Level
  • Lot Dimensions: 75x294x254x75
  • Parcel Description: Site Condo
  • Zoning Use Restrictions: Residential

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2012
Closed on
Nov 8, 2012
Seller's Agent
Shelly Drossart
REO-TCFront-233021
Buyer's Agent
Christian Nelson
RE/MAX Of Elk Rapids
List Price
$119,900
Sold Price
$119,000
Premium/Discount to List
-$900
-0.75%
Current Estimated Value
$345,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,639
Avg. Annual Appreciation
8.69%

Purchase Details

Closed on
Jan 24, 2011

Purchase Details

Closed on
Mar 17, 2010

Purchase Details

Closed on
Aug 2, 2006
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
-- $119,000 --
-- $4,000 --
-- $299,100 --
-- $20,100 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2020 10/26/20 Sold $220,000 +2.3% $143 / Sq Ft
09/14/2020 09/14/20 For Sale $215,000 +80.7% $140 / Sq Ft
11/08/2012 11/08/12 Sold $119,000 -0.8% $103 / Sq Ft
11/04/2012 11/04/12 Pending -- -- --
09/17/2012 09/17/12 For Sale $119,900 -- $104 / 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 $2,988 $157,700 $0 $0
2024 $1,948 $135,700 $0 $0
2023 $1,864 $94,300 $0 $0
2022 $2,693 $101,100 $0 $0
2021 $2,527 $94,300 $0 $0
2020 $1,570 $83,400 $0 $0
2019 $1,578 $72,500 $0 $0
2018 $1,532 $65,300 $0 $0
2017 -- $65,700 $0 $0
2016 -- $64,800 $0 $0
2014 -- $64,900 $0 $0
2012 -- $8,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1879923

Northern Great Lakes REALTORS® MLS

APN: 02-570-017-00