NOT LISTED FOR SALE

5185 Palmer Place Traverse City, MI 49685

Estimated Value: $298,000 - $356,000

3 Beds
2 Baths
1,056 Sq Ft
$306/Sq Ft Est. Value

Last Sold December 14, 2012

Last sale price $112,900 $107 Per Sq Ft

Est. 186% increase in value since last sale

Current estimated payment $2,011/month

40 Days on Market

Highlights

  • Deck
  • Cathedral Ceiling
  • 2 Car Attached Garage
  • Contemporary Architecture
  • Covered Patio or Porch
  • Forced Air Heating and Cooling System

About This Home

As of December 2012

Brand New Construction ! Quality 3 bedroom contemporary Ranch on a wooded lot featuring 2 baths, master suite, main floor laundry, vaulted ceilings, covered front porch, side deck off dining room, full basement, and a 2 car garage! Goodman energy star rated furnace is a big asset. Tasteful wood laminate, carpet, and tile flooring! You have to come see the value and architectual detail offered! Quiet neighborhood minutes from shopping, schools, and more! This house is an unbelievable value on a cul-de-sac!

Last Agent to Sell the Property

Shelly Drossart

REO-TCFront-233021 License #6501344832 Listed on: 10/02/2012

REO-TCFront-233021

Last Buyer's Agent

Shelly Drossart

REO-TCFront-233021 License #6501344832 Listed on: 10/02/2012

REO-TCFront-233021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,961

Year Built

  • Built in 2012

Lot Details

  • 0.61 Acre Lot
  • Lot Dimensions are 60x278x159x254
  • The community has rules related to zoning restrictions

HOA Fees

  • $8 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Ranch Style House
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,056 Sq Ft Home
  • Cathedral Ceiling
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Private Driveway

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Well

Community Details

  • Palmer Place Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,961

Year Built

Built in 2012

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, Contemporary, 1 Story
  • Estimated Year Built: 2012
  • Section Number: 18
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 2012

Interior Features

  • Appliances Equipment: Dishwasher
  • Interior Amenities: Cathedral Ceilings
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 10.6x10.6, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 10.6x9, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 10x9, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 2
  • Primary Bathroom: Private
  • Dining Room: Dimensions: 10x14, On Level: Main Floor, Flooring: None
  • Kitchen: Dimensions: 14x9, On Level: Main Floor, Flooring: None
  • Living Room: Dimensions: 15x15, On Level: Main Floor, Flooring: None
  • Estimated Above Ground Finished Sq Ft: 1056
  • Estimated Below Grade Unfinished Sq Ft: 1056
  • Price Per Sq Ft: 106.91
  • Total Finished Sf Apx: 1056

Exterior Features

  • Exterior Features: Deck, Covered Porch
  • Exterior Finish: Vinyl
  • Foundation: Full, Egress Windows
  • Number Of Acres: 0.61
  • Road: Private Owned, Association, Blacktop
  • Roof: Asphalt

Garage/Parking

  • Driveway: Blacktop, Private
  • Garage Capacity: 2
  • Primary Garage: Attached, Door Opener, Paved Driveway

Utilities

  • Heating Cooling Types: Forced Air
  • Sewer: Private Septic
  • Water: Private Well

Condo/Co-op/Association

  • Annual Association Fees: 100

Association/Amenities

  • Development Name: Palmer Place

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Number: 16
  • Lot Dimensions: 60x278x159x254
  • Mineral Rights: Unknown
  • Parcel Description: Site Condo
  • 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
Oct 2, 2012
Closed on
Dec 14, 2012
Seller's Agent
Shelly Drossart
REO-TCFront-233021
Buyer's Agent
Shelly Drossart
REO-TCFront-233021
List Price
$119,900
Sold Price
$112,900
Premium/Discount to List
-$7,000
-5.84%
Current Estimated Value
$322,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,090
Avg. Annual Appreciation
8.79%

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:

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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
-- $112,900 --
-- $4,000 --
-- $299,100 --
-- $20,100 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2012 12/14/12 Sold $112,900 -5.8% $107 / Sq Ft
11/11/2012 11/11/12 Pending -- -- --
10/02/2012 10/02/12 For Sale $119,900 -- $114 / 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 $2,961 $145,000 $0 $0
2024 $2,335 $124,400 $0 $0
2023 $2,229 $86,700 $0 $0
2022 $2,675 $92,900 $0 $0
2021 $2,542 $86,700 $0 $0
2020 $2,516 $79,800 $0 $0
2019 $2,505 $69,200 $0 $0
2018 $2,438 $62,200 $0 $0
2017 -- $62,500 $0 $0
2016 -- $61,700 $0 $0
2014 -- $62,300 $0 $0
2012 -- $8,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1739908

Northern Great Lakes REALTORS® MLS

APN: 02-570-016-00