NOT LISTED FOR SALE

5255 Park Ln Unit PVT Honor, MI 49640

Estimated Value: $261,372 - $473,000

2 Beds
1 Bath
975 Sq Ft
$367/Sq Ft Est. Value

Last Sold August 07, 2020

Last sale price $153,000 $157 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $2,102/month

413 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Deck
  • Ranch Style House
  • 19 Feet of Waterfront
  • Wood Burning Stove
  • 5-minute walk to Lake Township Park

About This Home

As of August 2020

Up north getaway next to the Sleeping Bear National Lakeshore. Adorable 2 BR year round cottage close to access for the Platte River. Recent updates include tile flooring, bathroom & kitchen. Living area features a cozy woodstove which supplements the baseboard heat. Natural landscaping with your own firepit for starry summer nights. Down a quiet road for privacy but close to all there is to do. Currently in a weekly rental program. Kayak or bike from here to Lake Michigan Sandy beaches less than 1.5 miles away. Great place to make memories. Near Platte Lakes fishing & great golf courses.

Last Agent to Sell the Property

Christine Stapleton

Stapleton Realty License #6504271071 Listed on: 05/24/2019

Last Buyer's Agent

Ron Raymond

Serbin Real Estate License #6501343256

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,443

Year Built

  • Built in 1945

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 114x160
  • 19 Feet of Waterfront
  • Landscaped
  • Level Lot
  • The community has rules related to zoning restrictions

Parking

  • Gravel Driveway

Home Design

  • Ranch Style House
  • Slab Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 975 Sq Ft Home
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Blinds
  • Great Room
  • Crawl Space

Kitchen

  • Oven or Range
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deeded Waterfront Access Rights
  • River Access
  • Deck
  • Shed

Utilities

  • Baseboard Heating
  • Well
  • Cable TV Available

Community Details

  • First Add Pine Grove Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,443

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, 1 Story
  • Estimated Year Built: 1945
  • Construction: Frame
  • Private Shared: Shared
  • Section Number: 27
  • Univs Design Barrier Free: Main Floor Access
  • Year Updated: 2011
  • Year Renovated: 2011
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1945

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Blinds
  • Interior Amenities: Great Room
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 14.4x9.2, On Level: Main Floor, Flooring: Wood
  • Bedroom 2: Dimensions: 14.4x9.2, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Primary: Yes
  • Kitchen: Dimensions: 22.4x9.9, On Level: Main Floor, Flooring: Tile
  • Living Room: Dimensions: 16.10x15, On Level: Main Floor, Flooring: Tile
  • Estimated Above Ground Finished Sq Ft: 975
  • Price Per Sq Ft: 156.92
  • Range: R 15W
  • Total Finished Sf Apx: 975

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Body Of Water: Platte River
  • Exterior Features: Deck, Landscaped
  • Exterior Finish: Wood
  • Foundation: Crawl Space, Slab
  • Number Of Acres: 0.3
  • Road: Gravel, Privately Maintained
  • Roof: Asphalt
  • Water Features: River
  • Waterfront Frontage: 19

Garage/Parking

  • Driveway: Gravel

Utilities

  • Fireplaces And Stoves: Wood, Stove
  • Heating Cooling Types: Baseboard
  • Laundry: Dimensions: 12.8x5.6, On Level: Main Floor, Flooring: Carpet
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV
  • Water: Private Well

Association/Amenities

  • Development Name: First Add Pine Grove

Schools

  • School District: Benzie County Central Schools

Lot Info

  • Lot Number: 22
  • Deeded Waterfront: Yes
  • Land Features: Level
  • Lot Dimensions: 114x160
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

MLS Schools

  • School District: Benzie County Central Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2019
Closed on
Aug 7, 2020
Sold by
Smith Lynn A
Bought by
Vaughn Ralph Christopher and Alexander Breaux M
Seller's Agent
Christine Stapleton
Stapleton Realty
Buyer's Agent
Ron Raymond
Serbin Real Estate
List Price
$169,500
Sold Price
$153,000
Premium/Discount to List
-$16,500
-9.73%
Current Estimated Value
$358,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,093
Avg. Annual Appreciation
17.84%
Original Mortgage
$137,700
Outstanding Balance
$122,375
Interest Rate
3.1%
Mortgage Type
Construction
Estimated Equity
$235,718

Purchase Details

Closed on
Feb 28, 2011
Sold by
Mallien Anna J
Bought by
Smith Lynn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
4.95%
Mortgage Type
New Conventional
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
Vaughn Ralph Christopher $153,000 Attorney Only
Smith Lynn A $137,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vaughn Ralph Christopher $137,700
Previous Owner Smith Lynn A $106,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2020 08/07/20 Sold $153,000 -1.9% $157 / Sq Ft
05/26/2020 05/26/20 Price Changed $155,900 -2.3% $160 / Sq Ft
03/14/2020 03/14/20 Price Changed $159,500 -3.0% $164 / Sq Ft
09/16/2019 09/16/19 Price Changed $164,500 -2.9% $169 / Sq Ft
05/24/2019 05/24/19 For Sale $169,500 -- $174 / 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 $2,443 $104,300 $0 $0
2024 $570 $82,500 $0 $0
2023 $546 $70,400 $0 $0
2022 -- $55,100 $0 $0
2021 -- $56,200 $0 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2011 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Christine Stapleton

    Seller's Agent in 2020

    Christine Stapleton

    Stapleton Realty

    (231) 499-2698

    199 Total Sales

    Christine Stapleton
    Section Image

  • R

    Buyer's Agent in 2020

    Ron Raymond

    Serbin Real Estate

    (231) 883-1217

    76 Total Sales

    Ron Raymond
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1861616

Northern Great Lakes REALTORS® MLS

APN: 10-195-020-00

Michigan Benzie County Honor 49640

5255 Park Ln Unit PVT, Honor, MI

This home is located at 5255 Park Ln Unit PVT, Honor, MI 49640 since 24 May 2019 and is currently estimated at $358,093, approximately $367 per square foot. This property was built in 1945. 5255 Park Ln Unit PVT is a home located in Benzie County with nearby schools including Benzie Central Senior High School.

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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