NOT LISTED FOR SALE

551 S Lake Shore Dr Lake Leelanau, MI 49653

Estimated Value: $1,079,000 - $1,682,000

4 Beds
3.5 Baths
3,880 Sq Ft
$344/Sq Ft Est. Value

Last Sold September 21, 2016

Last sale price $578,000 $149 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $8,081/month

45 Days on Market

Highlights

  • Private Waterfront
  • Private Dock
  • Spa
  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Second Garage

About This Home

As of September 2016

With beautiful sunrises you'll enjoy peaceful mornings on the lake at this low maintenance ranch home only a short drive to all Leelanau Villages and Traverse City. This special home nestles on 100ft direct Lake Leelanau waterfront and offers 4 bedrooms 3.5 baths, 3880 SF with floating dock and boat slip that never has to be removed from the lake for the winter season. It has a second garage in the lower level to park your boat or use as a exercise room. The living room has panoramic views of the water, a floor to ceiling stone natural gas fireplace and an adjoining tasteful dining room facing the lake. The updated 2016 first rate kitchen with granite counters has all new stainless appliances and a granite work space for your food prep or buffet space. The first floor laundry also has pantry space. As you enter the foyer there is a den with French doors on your left that will beautifully work for a home office. The main floor master suite faces the lake and has a slider to the deck were you can take night or daytime dips directly from your bedroom. Park your boat in the lower level garage or use as an exercise room. There are two Nat. gas furnaces one for main and one for the lower level walkout. One is new it has just been installed. The pool table game area is good for family fun and it adjoins the spacious family room with wood burning stone fireplace. Two large bedrooms and bath make this space so inviting to family and friends. Come out to the lake and see what this lovely home offers you and your family.

Last Agent to Sell the Property

Judy Levin

Coldwell Banker Schmidt-S.Bay License #6501260929 Listed on: 06/21/2016

Coldwell Banker Schmidt-S.Bay

Last Buyer's Agent

Lisa Rossi

The Leelanau Group Real Estate License #6502432228

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,402

Year Built

  • Built in 1991

Lot Details

  • 0.68 Acre Lot
  • Lot Dimensions are 100x363
  • Private Waterfront
  • 100 Feet of Waterfront
  • Sandy Beach
  • Landscaped
  • Level Lot
  • Sprinkler System
  • The community has rules related to zoning restrictions

Property Views

  • Water Views
  • Countryside Views

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Poured Concrete
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,880 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Fireplace
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Great Room
  • Game Room
  • Screened Porch
  • Home Gym
  • Washer

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Kitchen Island
  • Granite Countertops
  • Disposal
  • Reverse Osmosis System

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Windows
  • Basement Window Egress

Parking

  • 2 Car Attached Garage
  • Second Garage
  • Garage Door Opener

Eco-Friendly Details

  • Energy-Efficient Windows with Low Emissivity
  • Home Performance with ENERGY STAR

Outdoor Features

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

Utilities

  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Well
  • Natural Gas Water Heater
  • Water Softener is Owned
  • Satellite Dish
  • Cable TV Available

Community Details

Overview

  • Metes And Bounds Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,402

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, 1 Story
  • Estimated Year Built: 1991
  • Construction: 2x6 Framing, Frame
  • Principal Residence: Yes
  • Private Shared: Private
  • Section Number: 25
  • Univs Design Barrier Free: Covered Entrance, Low Threshold Shower, Main Floor Access, Rocker Light Switch
  • Year Updated: 2016
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1991

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Water Softener Owned, Washer, Hot Tub, Exhaust Fan, Blinds, Drapes, Ceiling Fan, Reverse Osmosis, Natural Gas Water Heater, Smoke Alarms(s)
  • Interior Amenities: Foyer Entrance, Walk-In Closet(s), Pantry, Breakfast Nook, Granite Kitchen Tops, Island Kitchen, Great Room, Exercise Room, Game Room, Vaulted Ceilings, Drywall
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 21.00x16.00, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 12.00x11.00, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 15.00x13.00, On Level: Lower Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 13.00x13.00, On Level: Lower Floor, Flooring: Carpet
  • Total Bathrooms: 3.5
  • Primary Bathroom: Private
  • Number of Lower Level Bathrooms: 1
  • Number of Main Level Bathrooms: 3
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Dining Room: Dimensions: 11.0x9.00, On Level: Main Floor, Flooring: Carpet
  • Family Room: Dimensions: 25.00x24.00, On Level: Lower Floor, Flooring: Carpet
  • Kitchen: Dimensions: 21.00x11.00, On Level: Main Floor, Flooring: Tile
  • Living Room: Dimensions: 18.00x16.00, On Level: Main Floor, Flooring: Carpet
  • Other Room: Dimensions: 13.0x13.0, On Level: Main Floor, Flooring: Carpet
  • Estimated Above Ground Finished Sq Ft: 1940
  • Estimated Below Grade Finished Sq Ft: 1992
  • Estimated Below Grade Unfinished Sq Ft: 100
  • Price Per Sq Ft: 148.97
  • Range: R 12W
  • Total Finished Sf Apx: 3880

Exterior Features

  • Additional Buildings: Garden/Storage Shed, Secondary Garage(s)
  • Body Of Water: Lake Leelanau
  • Exterior Features: Sprinkler System, Balcony, Deck, Countryside View, Landscaped, Screened Porch
  • Exterior Finish: Brick, Vinyl
  • Foundation: Daylight Windows, Egress Windows, Entrance Inside, Entrance Outside, Finished Rooms, Full, Full Finished, Poured Concrete, Walkout
  • Number Of Acres: 0.68
  • Road: Blacktop, Public Maintained
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Private Dock, Soft Bottom, Sandy Bottom, Public Lake
  • Waterfront Frontage: 100

Garage/Parking

  • Driveway: Blacktop
  • Garage Capacity: 2
  • Primary Garage: Attached, Concrete Floors, Door Opener, Paved Driveway, Plumbing

Utilities

  • Fireplaces And Stoves: Fireplace(s), Gas, Wood
  • Heating Cooling Types: Central Air, Forced Air
  • Laundry: Dimensions: 8'5"x5.5, On Level: Main Floor, Flooring: Tile
  • Sewer: Pump Back
  • Tv Service Internet Avail: Cable TV, Cable Internet, Dish TV, WiFi
  • Water: Private Well

Association/Amenities

  • Development Name: METES AND BOUNDS

Schools

  • School District: Leland Public School District

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Level
  • Lot Dimensions: 100X363
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential

Green Features

  • Energy Efficient: Energy Star Appliances, Energy Efficient Windows, Low-e Windows

MLS Schools

  • School District: Leland Public School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2016
Closed on
Sep 19, 2016
Sold by
Lindberry James A and Lindberry Patricia L
Bought by
Armstrong Michael and Armstrong Barbara L
Seller's Agent
Judy Levin
Coldwell Banker Schmidt-S.Bay
Buyer's Agent
Lisa Rossi
The Leelanau Group Real Estate
List Price
$624,900
Sold Price
$578,000
Premium/Discount to List
-$46,900
-7.51%
Current Estimated Value
$1,334,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$756,324
Avg. Annual Appreciation
9.81%

Purchase Details

Closed on
Jul 24, 2000
Sold by
Hickerson
Bought by
Lindberry James A and Lindberry Patricia L
Source: Public Records

Range of Values:

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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
Armstrong Michael $578,000 --
Lindberry James A $469,900 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2016 09/21/16 Sold $578,000 -7.5% $149 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
06/21/2016 06/21/16 For Sale $624,900 -- $161 / 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 $10,402 $538,400 $0 $0
2024 $8,633 $478,400 $0 $0
2023 $8,162 $372,400 $0 $0
2022 $9,382 $297,300 $0 $0
2021 $9,255 $297,800 $0 $0
2020 $9,478 $302,600 $0 $0
2019 $9,132 $293,700 $0 $0
2018 -- $298,800 $0 $0
2017 -- $300,200 $0 $0
2016 -- $255,900 $0 $0
2015 -- $204,700 $0 $0
2014 -- $190,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1818891

Northern Great Lakes REALTORS® MLS

APN: 009-025-005-10