NOT LISTED FOR SALE

5474 S Park Rd Traverse City, MI 49684

Estimated Value: $1,449,000 - $1,766,000

4 Beds
2 Baths
1,992 Sq Ft
$813/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $1,250,000 $628 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $10,699/month

13 Days on Market

Highlights

  • Private Waterfront
  • Private Dock
  • Deck
  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Wooded Lot

About This Home

As of September 2022

A rare offering on South Lake Leelanau in Traverse City. 155' of absolutely pristine frontage with a walkout to the beach where sitting on the dock or a swing watching the sunsets will conclude the day for anyone living the "up north" dream life. Days spent on the beautiful blue waters of Lake Leelanau cruising through the narrows to Leland for some shopping, walking around Fish Town or having lunch on the river are some of the favorite things to do on any given day. The beach on this property will offer lots of opportunities for family fun, entertaining guests or simply relaxing on a get-away from city life for a weekend. Paddle board, boating, laying on the dock, water volleyball and so many other things to do without leaving home. This darling beach side Bath house has some opportunities to be a "tiki hut", changing area, toy storage or just really a cute water side addition to use for any need. The home is perfect and move-in-ready for a late summer retreat or even a ski lodge for the upcoming winter but certainly ready for summer 2023. The woodwork in the home is gorgeous and the entire place has been incredibly cared for. Only 13 Miles from downtown Traverse City, close to Farm Club and so many area wineries and other attractions that any Buyer will find this property to be a pretty special location. Easy to show and hard to miss this one!

Last Agent to Sell the Property

Molly Buttleman

@properties Christie's Int'l License #6501374903 Listed on: 08/18/2022

Last Buyer's Agent

Molly Buttleman

@properties Christie's Int'l License #6501374903 Listed on: 08/18/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,474

Year Built

  • Built in 1995

Lot Details

  • 1.04 Acre Lot
  • Private Waterfront
  • 155 Feet of Waterfront
  • Sandy Beach
  • Landscaped
  • Level Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Home Design

  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,992 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Beamed Ceilings
  • Gas Fireplace
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Great Room
  • Loft
  • Workshop
  • Water Views

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Dishwasher
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Drive Under Main Level
  • Gravel Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Private Dock
  • Deck
  • Shed

Schools

  • Suttons Bay Senior High School

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Septic Tank
  • Cable TV Available

Community Details

Overview

  • Lake Leelanau Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,474

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story
  • Estimated Year Built: 1995
  • Construction: Block, Frame
  • Private Shared: Private
  • Section Number: 28
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1995

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Washer, Dryer, Blinds, Drapes
  • Interior Amenities: Built-In Bookcase, Foyer Entrance, Walk-In Closet(s), Breakfast Nook, Loft, Solid Surface Counters, Great Room, Workshop, Beamed Ceilings
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 11x10, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 11x11, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: On Level: Upper Floor, Flooring: Carpet
  • Bedroom 4: On Level: Lower Floor, Flooring: Laminate
  • Total Bathrooms: 2
  • Primary Bathroom: Shared
  • Number of Lower Level Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 2
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 18xCombo
  • Kitchen: Dimensions: 22xcombo, On Level: Main Floor, Flooring: Tile
  • Living Room: Dimensions: .x., On Level: Main Floor, Flooring: Carpet
  • Estimated Above Ground Finished Sq Ft: 1442
  • Estimated Below Grade Finished Sq Ft: 550
  • Estimated Below Grade Unfinished Sq Ft: 100
  • Price Per Sq Ft: 627.51
  • Range: R 11W
  • Total Finished Sf Apx: 1992

Exterior Features

  • Additional Buildings: Garden/Storage Shed, Workshop
  • Body Of Water: South Lake Leelanau
  • Exterior Features: Deck, Landscaped
  • Exterior Finish: Vinyl
  • Foundation: Full, Walkout, Block, Finished Rooms, Entrance Inside
  • Number Of Acres: 1.04
  • Road: Public Maintained, Gravel, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Private Dock, Sandy Bottom, Public Lake, Sandy Shoreline
  • Waterfront Frontage: 155

Garage/Parking

  • Driveway: Gravel, Private
  • Garage Capacity: 2
  • Primary Garage: Attached, Drive Under/Built-In, Door Opener, Concrete Floors

Utilities

  • Fireplaces And Stoves: Gas
  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: On Level: Main Floor, Flooring: Tile
  • Sewer: Holding Tank/Pump & Haul
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Private Well

Association/Amenities

  • Development Name: Lake Leelanau

Schools

  • School District: Suttons Bay Public Schools
  • High School: Suttons Bay Senior High School

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Wooded-Hardwoods, Wooded, Evergreens, Some Lowland Areas, Level
  • Lot Dimensions: 155.29 x
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential, Outbuildings Allowed

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • HighSchool: Suttons Bay Senior High School
  • School District: Suttons Bay Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2022
Closed on
Sep 16, 2022
Sold by
Fiebing Stephanie J
Bought by
Jennings John and Jennings Olya
Seller's Agent
Molly Buttleman
@properties Christie's Int'l
Buyer's Agent
Molly Buttleman
@properties Christie's Int'l
List Price
$1,245,000
Sold Price
$1,250,000
Premium/Discount to List
$5,000
0.4%
Views
54
Current Estimated Value
$1,619,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$369,903
Avg. Annual Appreciation
3.39%
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
Jennings John $1,250,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $1,250,000 +0.4% $628 / Sq Ft
08/18/2022 08/18/22 For Sale $1,245,000 -- $625 / 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 $22,474 $718,200 $0 $0
2024 $19,235 $693,600 $0 $0
2023 $17,058 $530,500 $0 $0
2022 $2,478 $390,700 $0 $0
2021 $2,398 $386,300 $0 $0
2020 $2,398 $395,600 $0 $0
2019 $2,196 $384,500 $0 $0
2018 -- $363,200 $0 $0
2017 -- $361,100 $0 $0
2016 -- $313,300 $0 $0
2015 -- $293,600 $0 $0
2014 -- $281,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1903987

Northern Great Lakes REALTORS® MLS

APN: 001-124-021-00