NOT LISTED FOR SALE

5278 Ravenhurst Dr Unit 15 Traverse City, MI 49685

Estimated Value: $492,852 - $593,000

0.39 Acre
$1,349,264 Price per Acre
16,988 Sq Ft Lot

Last Sold March 16, 2016

Last sale price $25,000

Est. 2,005% increase in value since last sale

Current estimated payment $3,040/month

380 Days on Market

About This Lot

As of March 2016

Peaceful, countryside-view lot just a few minutes from downtown Traverse City and down the road from Traverse City West Senior High School and Montessori Children's House. Numerous, open lots available in this desirable subdivision with topographical variations. County-maintained, paved road.

Last Agent to Sell the Property

Mark Hagan

Coldwell Banker Schmidt Traver License #6506006708 Listed on: 02/16/2015

Coldwell Banker Schmidt Traver

Last Buyer's Agent

Weston Buchan

REO-TCRandolph-233022 License #6501369466

REO-TCRandolph-233022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,981

Year Built

  • 2016

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 110x150
  • Wooded Lot
  • The community has rules related to zoning restrictions

Additional Features

  • Countryside Views
  • Phone Available

Community Details

  • Eaglehurst Estates Community

Property Details

Property Type

Land

Est. Annual Taxes

$2,981

Year Built

2016

Lot Details

0

Listing Details

  • Class: Vacant Lot/Land
  • Type: Vacant Lot/Land
  • Section Number: 18
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2016

Interior Features

  • Price Per Sq Ft: 64102.56
  • Range: R 11W

Exterior Features

  • Exterior Features: Subject To Easements, Countryside View
  • Number Of Acres: 0.39
  • Road: Public Maintained

Utilities

  • Utilities Available: Natural Gas, Telephone
  • Waste Available: Municipal
  • Waste Installed: Municipal
  • Water Available: Municipal Water
  • Water Installed: Municipal

Association/Amenities

  • Development Name: Eaglehurst Estates

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Number: 15
  • Land Features: Wooded
  • Lot Dimensions: 110X150
  • Zoning Use Restrictions: Residential, Platted Subdivision, Finished Lots, Deed Restrictions

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2015
Closed on
Mar 16, 2016
Seller's Agent
Mark Hagan
Coldwell Banker Schmidt Traver
Buyer's Agent
Weston Buchan
REO-TCRandolph-233022
List Price
$20,000
Sold Price
$25,000
Premium/Discount to List
$5,000
25%
Total Days on Market
380
Current Estimated Value
$526,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$501,213
Avg. Annual Appreciation
39.12%

Purchase Details

Closed on
Apr 17, 2013

Purchase Details

Closed on
Jun 12, 2008

Purchase Details

Closed on
Feb 10, 2003
Source: Public Records

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Range of Values:

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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
-- $25,000 --
-- -- --
-- $100 --
-- -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2016 03/16/16 Sold $25,000 +25.0% --
03/02/2016 03/02/16 Pending -- -- --
02/16/2015 02/16/15 For Sale $20,000 -- --
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
2024 $2,981 $222,400 $0 $0
2023 $2,853 $168,300 $0 $0
2022 $4,029 $149,100 $0 $0
2021 $4,255 $168,300 $0 $0
2020 $4,218 $182,800 $0 $0
2019 $4,135 $162,700 $0 $0
2018 $0 $148,400 $0 $0
2017 -- $78,700 $0 $0
2016 -- $10,000 $0 $0
2014 -- $9,000 $0 $0
2012 -- $19,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Hagan

    Seller's Agent in 2016

    Mark Hagan

    Coldwell Banker Schmidt Traver

    (231) 929-7985

    34 in this area

    418 Total Sales

    Mark Hagan
    Section Image
  • Weston Buchan

    Buyer's Agent in 2016

    Weston Buchan

    Real Estate One

    (231) 590-4355

    7 in this area

    102 Total Sales

    Weston Buchan
    Section Image
See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1795190

Northern Great Lakes REALTORS® MLS

APN: 05-109-015-00

Michigan Grand Traverse County Traverse City 49685

5278 Ravenhurst Dr Unit 15, Traverse City, MI

This home is located at 5278 Ravenhurst Dr Unit 15, Traverse City, MI 49685 since 16 February 2015 and is currently estimated at $526,213. This property was built in 2016. 5278 Ravenhurst Dr Unit 15 is a home located in Grand Traverse County with nearby schools including Long Lake Elementary School, West Middle School, and West 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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