NOT LISTED FOR SALE

5332 West Cove Unit PVT Honor, MI 49640

Estimated Value: $963,000 - $1,256,341

4 Beds
3 Baths
2,700 Sq Ft
$415/Sq Ft Est. Value

Last Sold June 20, 2018

Last sale price $500,000 $185 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $6,680/month

75 Days on Market

Highlights

  • Private Waterfront
  • Sandy Beach
  • Contemporary Architecture
  • Deeded Waterfront Access Rights
  • Deck
  • Wooded Lot

About This Home

As of June 2018

Scenic setting for this custom waterfront home w/100 ft private frontage on Little Platte Lake. Sit deckside to listen to loons and watch eagles. Inside features a kitchen for cooks. Great room w/wood floors, vaulted ceilings & stone surround gas fireplace. Master suite w/lake view, his and hers custom bathrooms. 3 car insulated/heated garage w/extra sleeping room or office. Outside fireplace, whole house generator. Great spot for fishing, swimming, boating. Additional lot w/30x40 pole barn for $60,000. Near Lake Michigan, parks, beaches and Sleeping Bear Dunes National Lakeshore park. Close to golf and skiing at Crystal Mtn.

Last Agent to Sell the Property

Christine Stapleton

Stapleton Realty License #6504271071 Listed on: 03/01/2018

Last Buyer's Agent

Christine Stapleton

Stapleton Realty License #6504271071 Listed on: 03/01/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,952

Year Built

  • Built in 2005

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 100x222x99x217
  • Private Waterfront
  • 100 Feet of Waterfront
  • Sandy Beach
  • Wooded Lot
  • The community has rules related to zoning restrictions

HOA Fees

  • $8 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Ranch Style House
  • Asphalt Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 2,700 Sq Ft Home
  • Cathedral Ceiling
  • Gas Fireplace
  • Water Views
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Jetted Tub in Primary Bathroom

Laundry

  • Dryer
  • Washer

Parking

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

Outdoor Features

  • Deeded Waterfront Access Rights
  • Deck
  • Pole Barn

Utilities

  • Central Air
  • Well
  • Cable TV Available

Community Details

  • Association fees include snow removal
  • Sylvan Point Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,952

Year Built

Built in 2005

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, Contemporary, 1 Story
  • Estimated Year Built: 2005
  • Construction: 2x6 Framing, Timber Frame
  • Private Shared: Private
  • Section Number: 25
  • Univs Design Barrier Free: Main Floor Access
  • Year Updated: 2005
  • Year Renovated: 2005
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 2005

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer
  • Interior Amenities: Jetted Tub, Cathedral Ceilings, Walk-In Closet(s), Pantry
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 15.40x15.00, On Level: Main Floor, Flooring: None
  • Bedroom 2: Dimensions: 10.30x12.00, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 10.10x11.20, On Level: Main Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 17.9x15, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 3
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 3
  • Full Bathrooms: 2
  • Number of Three Quarter Bathrooms: 1
  • Dining Room: On Level: Main Floor, Flooring: Wood
  • Family Room: On Level: Main Floor, Flooring: None
  • Kitchen: Dimensions: 14.60x14.90, On Level: Main Floor, Flooring: Tile
  • Living Room: Dimensions: 33.60x21, On Level: Main Floor, Flooring: Wood
  • Estimated Above Ground Finished Sq Ft: 2700
  • Price Per Sq Ft: 185.19
  • Range: R 15W
  • Total Finished Sf Apx: 2700

Exterior Features

  • Additional Buildings: Pole Building(s)
  • Body Of Water: Little Platte Lake
  • Exterior Features: Deck
  • Exterior Finish: Wood, Cement Board
  • Foundation: Crawl Space
  • Number Of Acres: 0.5
  • Road: Private Owned, Gravel
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, Water View, Sandy Bottom, Sandy Shoreline
  • Waterfront Frontage: 100

Garage/Parking

  • Driveway: Blacktop, Private
  • Garage Capacity: 3
  • Primary Garage: Attached, Door Opener, Paved Driveway

Utilities

  • Fireplaces And Stoves: Gas
  • Heating Cooling Types: Hot Water, Central Air
  • Laundry: Dimensions: 10x6, On Level: Main Floor, Flooring: Tile
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV
  • Water: Private Well

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal
  • Annual Association Fees: 100

Association/Amenities

  • Development Name: Sylvan Point

Schools

  • School District: Benzie County Central Schools

Lot Info

  • Lot Number: 32
  • Deeded Waterfront: Yes
  • Land Features: Wooded-Hardwoods
  • Lot Dimensions: 100x222x99x217
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential, Unknown

MLS Schools

  • School District: Benzie County Central Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2018
Closed on
Jun 20, 2018
Sold by
Schmidt Daniel P
Bought by
Horner Richard L and Horner Deborah J
Seller's Agent
Christine Stapleton
Stapleton Realty
Buyer's Agent
Christine Stapleton
Stapleton Realty
List Price
$520,000
Sold Price
$500,000
Premium/Discount to List
-$20,000
-3.85%
Current Estimated Value
$1,120,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$620,447
Avg. Annual Appreciation
11.75%
Original Mortgage
$400,000
Outstanding Balance
$348,543
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$763,982
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
Horner Richard L $500,000 Other
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horner Richard L $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2018 06/20/18 Sold $500,000 -3.8% $185 / Sq Ft
05/15/2018 05/15/18 Pending -- -- --
03/01/2018 03/01/18 For Sale $520,000 +828.6% $193 / Sq Ft
12/09/2013 12/09/13 Sold $56,000 0.0% --
12/01/2013 12/01/13 Pending -- -- --
12/01/2013 12/01/13 For Sale $56,000 -88.4% --
06/07/2013 06/07/13 Sold $484,000 -1.2% $179 / Sq Ft
05/01/2013 05/01/13 Pending -- -- --
10/05/2012 10/05/12 For Sale $489,900 -- $181 / 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 $6,952 $609,500 $0 $0
2024 $3,007 $491,200 $0 $0
2023 $2,877 $402,600 $0 $0
2022 -- $325,200 $0 $0
2021 -- $336,000 $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

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1843169

Northern Great Lakes REALTORS® MLS

APN: 10-220-028-00