NOT LISTED FOR SALE

5313 Sylvan Point Rd Honor, MI 49640

Estimated Value: $127,000 - $412,000

0.7 Acre
$374,540 Price per Acre
30,492 Sq Ft Lot

Last Sold February 01, 2021

Last sale price $120,000

Est. 118% increase in value since last sale

Current estimated payment $1,621/month

87 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Wooded Lot
  • 125 Feet of Waterfront

About This Lot

As of February 2021

Beautiful lot with 125ft of private frontage on Little Platte Lake. With septic and drainfield already installed, it's ready for you to build your dream home or cottage! Electric has also been brought in to property. Enjoy swimming, kayaking, fishing or pontooning on Little Platte Lake, or make the short drive to Lake Michigan or Sleeping Bear Dunes National Park. This is the perfect site for the outdoor lover who wants beautiful water views!

Last Agent to Sell the Property

Shawn Schmidt Smith

Coldwell Banker Schmidt Traver License #6502361697 Listed on: 10/16/2020

Coldwell Banker Schmidt Traver

Last Buyer's Agent

Shawn Schmidt Smith

Coldwell Banker Schmidt Traver License #6502361697 Listed on: 10/16/2020

Coldwell Banker Schmidt Traver

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,334

Lot Details

  • 0.7 Acre Lot
  • Lot Dimensions are 125x235
  • 125 Feet of Waterfront
  • Dirt Road
  • Sandy Beach
  • Cleared Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake

Additional Features

  • Water Views
  • Private or Community Septic Tank

Property Details

Property Type

Land

Est. Annual Taxes

$2,334

Lot Details

0

Listing Details

  • Class: Vacant Lot/Land
  • Type: Vacant Lot/Land
  • Private Shared: Private
  • Section Number: 25
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 171428.57
  • Range: R 15W

Exterior Features

  • Body Of Water: Little Platte Lake
  • Number Of Acres: 0.7
  • Road: Association, Gravel, Dirt
  • Water Features: Inland Lake, Water View, Sandy Bottom, Vegetation To Water Edge, Public Lake, Sandy Shoreline
  • Waterfront Frontage: 125

Utilities

  • Utilities Available: Electric
  • Waste Available: Private Septic
  • Waste Installed: Private Septic
  • Water Available: Unknown

Schools

  • School District: Benzie County Central Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Hardwoods, Cleared, Wooded, Evergreens
  • Lot Dimensions: 125X235
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential

MLS Schools

  • School District: Benzie County Central Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2023
Sold by
Poseley Steven and Poseley Alice
Bought by
Jordan Crain
Total Days on Market
87
Current Estimated Value
$262,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Outstanding Balance
$160,222
Interest Rate
5.25%
Mortgage Type
Construction
Estimated Equity
$133,004

Purchase Details

Listed on
Oct 16, 2020
Closed on
Feb 2, 2021
Sold by
Wilson Cleofus M and Wilson Karen M
Bought by
Poseley Steven
Seller's Agent
Shawn Schmidt Smith
Coldwell Banker Schmidt Traver
Buyer's Agent
Shawn Schmidt Smith
Coldwell Banker Schmidt Traver
List Price
$130,000
Sold Price
$120,000
Premium/Discount to List
-$10,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.54%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jordan Crain $275,000 Chicago Title Co
Poseley Steven $120,000 Chicago Title Mi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jordan Crain $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2021 02/01/21 Sold $120,000 -7.7% --
10/16/2020 10/16/20 For Sale $130,000 -- --
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
2025 $2,334 $75,600 $0 $0
2024 $545 $58,000 $0 $0
2023 $386 $40,900 $0 $0
2022 -- $65,900 $0 $0
2021 -- $76,800 $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

  • Shawn Schmidt Smith

    Seller's Agent in 2021

    Shawn Schmidt Smith

    Coldwell Banker Schmidt Traver

    (231) 499-1990

    193 Total Sales

    Shawn Schmidt Smith
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1881088

Northern Great Lakes REALTORS® MLS

APN: 10-220-004-20

Michigan Benzie County Honor 49640

5313 Sylvan Point Rd, Honor, MI

This home is located at 5313 Sylvan Point Rd, Honor, MI 49640 since 16 October 2020 and is currently estimated at $262,178. 5313 Sylvan Point Rd 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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