Seller's Agent in 2016
Ken Weaver
Berkshire Hathaway Homeservices - TC
(231) 668-6303
52 in this area
104 Total Sales
521 Lake 5 Dr Traverse City, MI 49696
Estimated Value: $554,239 - $616,000
4
Beds
2.5
Baths
1,878
Sq Ft
$314/Sq Ft
Est. Value
Highlights
- Deeded Waterfront Access Rights
- 135 Feet of Waterfront
- Tiered Deck
- Courtade Elementary School Rated A-
- Sandy Beach
- Wooded Lot
About This Home
As of January 2016Arbutus Lake is just a few feet from the front door of this 4 bedroom, 3 bath home/cottage. The perfect lakefront setting with over 130 feet of private beach, terrific views from the deck and balcony and lots of room for family, friends and the toys. The home features two fireplaces, an open floor plan, master with setting room and private balcony, finished walkout lower level and a large detached garage. There is a newer septic system, natural gas forced air heat plus back up electric heat. Whether you are looking for a cute cottage on the lake or a year round home, this is one you will not want to miss.
Last Agent to Sell the Property
Berkshire Hathaway Homeservices - TC License #6501310917 Listed on: 09/21/2015
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,483
Year Built
- Built in 1978
Lot Details
- 0.4 Acre Lot
- 135 Feet of Waterfront
- Sandy Beach
- Wooded Lot
- The community has rules related to zoning restrictions
Home Design
- Block Foundation
- Frame Construction
- Asphalt Roof
- Wood Siding
Interior Spaces
- 1,878 Sq Ft Home
- 2-Story Property
- Wood Burning Fireplace
- Den
Kitchen
- Recirculated Exhaust Fan
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Dryer
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Car Detached Garage
- Gravel Driveway
Outdoor Features
- Deeded Waterfront Access Rights
- Tiered Deck
- Patio
Location
- Mineral Rights
Schools
- Traverse City East Middle School
- Central High School
Utilities
- Forced Air Heating and Cooling System
- Well
- Cable TV Available
Community Details
Overview
- Arbutus Triangle Community
Recreation
- Water Sports
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 21, 2015
Closed on
Jan 29, 2016
Seller's Agent
Ken Weaver
Berkshire Hathaway Homeservices - TC
List Price
$289,900
Sold Price
$250,000
Premium/Discount to List
-$39,900
-13.76%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,560
Avg. Annual Appreciation
9.16%
Purchase Details
Closed on
Aug 20, 2013
Purchase Details
Closed on
Aug 19, 2013
Purchase Details
Closed on
Jun 7, 2002
Purchase Details
Closed on
Aug 15, 2000
Purchase Details
Closed on
Oct 14, 1999
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 |
|---|---|---|---|
| -- | $250,000 | -- | |
| -- | -- | -- | |
| -- | -- | -- | |
| -- | -- | -- | |
| -- | -- | -- | |
| -- | $219,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/29/2016 01/29/16 | Sold | $250,000 | -13.8% | $133 / Sq Ft |
| 01/27/2016 01/27/16 | Pending | -- | -- | -- |
| 09/21/2015 09/21/15 | For Sale | $289,900 | -- | $154 / 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 | $4,483 | $251,000 | $0 | $0 |
| 2024 | $3,017 | $225,500 | $0 | $0 |
| 2023 | $2,887 | $170,400 | $0 | $0 |
| 2022 | $4,020 | $150,900 | $0 | $0 |
| 2021 | $3,901 | $170,400 | $0 | $0 |
| 2020 | $3,832 | $155,200 | $0 | $0 |
| 2019 | $3,851 | $146,400 | $0 | $0 |
| 2018 | $3,758 | $138,800 | $0 | $0 |
| 2017 | -- | $136,800 | $0 | $0 |
| 2016 | -- | $134,500 | $0 | $0 |
| 2014 | -- | $124,100 | $0 | $0 |
| 2012 | -- | $119,170 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ken Weaver
Map
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1806605
APN: 03-103-029-60
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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