NOT LISTED FOR SALE

541 N East Silver Lake Rd Traverse City, MI 49685

Estimated Value: $1,776,000 - $1,865,000

3 Beds
3 Baths
2,400 Sq Ft
$756/Sq Ft Est. Value

Last Sold May 03, 2019

Last sale price $325,000 $135 Per Sq Ft

Est. 458% increase in value since last sale

Current estimated payment $9,949/month

Highlights

  • Private Waterfront
  • RV or Boat Parking
  • Vaulted Ceiling
  • Deeded Waterfront Access Rights
  • 3.5 Acre Lot
  • Pole Barn

About This Home

As of May 2019

created sale.

Last Agent to Sell the Property

Katie Tester

REO-TCFront-233021 License #6501382697 Listed on: 05/02/2019

REO-TCFront-233021

Last Buyer's Agent

Katie Tester

REO-TCFront-233021 License #6501382697 Listed on: 05/02/2019

REO-TCFront-233021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,871

Year Built

  • Built in 1981

Lot Details

  • 3.5 Acre Lot
  • Lot Dimensions are 115 x 1238
  • Private Waterfront
  • 115 Feet of Waterfront
  • Lot Has A Rolling Slope
  • Garden
  • The community has rules related to zoning restrictions

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2,400 Sq Ft Home
  • 1.5-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Fireplace
  • Bay Window

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • Gravel Driveway
  • RV or Boat Parking

Outdoor Features

  • Deeded Waterfront Access Rights
  • Access To Lake
  • Covered Patio or Porch
  • Pole Barn

Utilities

  • Baseboard Heating
  • Well
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,871

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 1.5 Story
  • Estimated Year Built: 1981
  • Construction: Frame
  • Private Shared: Private
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1981

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave
  • Interior Amenities: Bay Window(s), Pantry, Beamed Ceilings, Vaulted Ceilings, Drywall
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 15x18
  • Total Bathrooms: 3
  • Primary Bathroom: Private
  • Number of Lower Level Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Number of Three Quarter Bathrooms: 2
  • Main Floor Primary: Yes
  • Kitchen: Dimensions: 10.5x13
  • Living Room: Dimensions: 22.9x18
  • Range: R 11W
  • Total Finished Sf Apx: 2400

Exterior Features

  • Additional Buildings: Pole Building(s)
  • Body Of Water: Silver Lake
  • Exterior Features: Patio, Covered Porch, Garden Area, RV Parking
  • Exterior Finish: Vinyl, Wood, Brick
  • Foundation: Poured Concrete
  • Number Of Acres: 3.5
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Private Lake
  • Waterfront Frontage: 115

Garage/Parking

  • Driveway: Concrete, Gravel

Utilities

  • Fireplaces And Stoves: Fireplace(s)
  • Heating Cooling Types: Baseboard
  • Laundry: On Level: Main Floor
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV
  • Water: Private Well

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Rolling
  • Lot Dimensions: 115 x 1238
  • Mineral Rights: Unknown
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential, Outbuildings Allowed

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2019
Closed on
May 3, 2019
Sold by
Craig Gilmer
Bought by
Tester Todd and Tester Katie
Seller's Agent
Katie Tester
REO-TCFront-233021
Buyer's Agent
Katie Tester
REO-TCFront-233021
List Price
$325,000
Sold Price
$325,000
Current Estimated Value
$1,814,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,489,142
Avg. Annual Appreciation
30.34%

Purchase Details

Listed on
Oct 13, 2012
Closed on
Mar 6, 2013
Seller's Agent
Dewayne Kirkman
REO-TCRandolph-233022
Buyer's Agent
Amy Green
REO-TCRandolph-233022
List Price
$349,500
Sold Price
$242,000
Premium/Discount to List
-$107,500
-30.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.81%

Purchase Details

Listed on
Oct 13, 2012
Closed on
Jan 22, 2013
Seller's Agent
Dewayne Kirkman
REO-TCRandolph-233022
Buyer's Agent
Amy Green
REO-TCRandolph-233022
List Price
$349,500
Sold Price
$242,000
Premium/Discount to List
-$107,500
-30.76%

Purchase Details

Closed on
Mar 21, 2012

Purchase Details

Closed on
Jul 12, 1996
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
Tester Todd $325,000 --
-- -- --
-- $237,500 --
-- $379,000 --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2019 05/03/19 Sold $325,000 0.0% $135 / Sq Ft
05/02/2019 05/02/19 Pending -- -- --
05/02/2019 05/02/19 For Sale $325,000 +34.3% $135 / Sq Ft
01/22/2013 01/22/13 Sold $242,000 -30.8% $89 / Sq Ft View Prior Sale
01/02/2013 01/02/13 Pending -- -- --
10/13/2012 10/13/12 For Sale $349,500 -- $128 / 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 $4,871 $795,600 $0 $0
2024 $3,290 $465,400 $0 $0
2023 $3,148 $194,200 $0 $0
2022 $4,515 $285,900 $0 $0
2021 $4,367 $194,200 $0 $0
2020 $4,330 $157,100 $0 $0
2019 $3,617 $200,400 $0 $0
2018 $0 $215,400 $0 $0
2017 -- $206,800 $0 $0
2016 -- $169,700 $0 $0
2014 -- $118,200 $0 $0
2012 -- $245,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Katie Tester

    Seller's Agent in 2019

    Katie Tester

    Real Estate One

    (231) 392-3689

    5 in this area

    26 Total Sales

    Katie Tester
    Section Image
  • Dewayne Kirkman

    Seller's Agent in 2013

    Dewayne Kirkman

    Real Estate One

    (231) 392-6534

    5 in this area

    93 Total Sales

    Dewayne Kirkman
    Section Image

  • A

    Buyer's Agent in 2013

    Amy Green

    Real Estate One

See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1860322

Northern Great Lakes REALTORS® MLS

APN: 05-031-001-20

Michigan Grand Traverse County Traverse City 49685

541 N East Silver Lake Rd, Traverse City, MI

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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