NOT LISTED FOR SALE

5516 Heritage Way Traverse City, MI 49685

Estimated Value: $488,000 - $542,879

3 Beds
3 Baths
2,892 Sq Ft
$179/Sq Ft Est. Value

Last Sold October 12, 2016

Last sale price $254,450 $88 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $3,084/month

70 Days on Market

Highlights

  • Spa
  • Deck
  • Den
  • Willow Hill Elementary School Rated A-
  • Great Room
  • Formal Dining Room

About This Home

As of October 2016

If you need space this is a MUST see! In today’s real estate market it is difficult to find this much space with this great location so take a look now because, tomorrow might be too late. A solid well maintained home, sprawling over 2800 square feet of living area. Three, four, or five bedrooms you decide, maybe you prefer a hobby room, exercise room, office, library, whatever it is you want or need, this house offers you choices. Large bedrooms with plenty of closet space, charming three-way fireplace, spacious walk out basement (great place to entertain), beautifully landscaped with underground sprinkler system and underground dog fence. This home is pleasantly situated on a large lot offering an enjoyable lifestyle outdoors too including a large deck and private hot tub. A lovely home with plenty of room to spread out and an affordable price tag? Yes, you just found it. Make your appointment today to see for yourself. Conveniently, located near shopping, schools, restaurants and entertainment. Approximately 10 minutes from downtown Traverse City. Truly a lovely place to call “HOME”.

Last Agent to Sell the Property

Angela DiLorenzo

Berkshire Hathaway Homeservices - TC License #6502388243 Listed on: 06/20/2016

Berkshire Hathaway Homeservices - TC

Last Buyer's Agent

Jonathan Oltersdorf

OLTERSDORF REALTY, LLC License #6501319192

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,254

Year Built

  • Built in 1995

Lot Details

  • 0.8 Acre Lot
  • Lot Dimensions are 120x143x115x150
  • Property has an invisible fence for dogs
  • Landscaped
  • Sprinkler System
  • The community has rules related to zoning restrictions

Parking

  • 2 Car Attached Garage

Home Design

  • Wood Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,892 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Blinds
  • Entrance Foyer
  • Great Room
  • Formal Dining Room
  • Den
  • Walk-Out Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Outdoor Features

  • Spa
  • Deck

Location

  • Mineral Rights

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • Heritage Estates Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,254

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 1 Story
  • Estimated Year Built: 1995
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1995

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Hot Tub, Blinds, Smoke Alarms(s)
  • Interior Amenities: Foyer Entrance, Walk-In Closet(s), Pantry, Formal Dining Room, Great Room, Den/Study, Drywall
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 14x13, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 13x11.05, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 13x10, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 3
  • Primary Bathroom: Private
  • Number of Lower Level Bathrooms: 1
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 3
  • Dining Room: Dimensions: 14x11.05, On Level: Main Floor
  • Family Room: Dimensions: 26.07x17, On Level: Lower Floor, Flooring: Carpet
  • Kitchen: Dimensions: 13x12, On Level: Main Floor
  • Living Room: Dimensions: 20x13, On Level: Main Floor, Flooring: Carpet
  • Range: R 11W
  • Total Finished Sf Apx: 2892

Exterior Features

  • Exterior Features: Sprinkler System, Deck, Invisible Pet Fencing, Landscaped
  • Exterior Finish: Vinyl
  • Foundation: Finished Rooms, Walkout, Wood
  • Number Of Acres: 0.8
  • Road: Blacktop, Public Maintained
  • Roof: Asphalt

Garage/Parking

  • Driveway: Concrete
  • Garage Capacity: 2
  • Primary Garage: Attached, Concrete Floors

Utilities

  • Fireplaces And Stoves: Fireplace(s), Gas
  • Heating Cooling Types: Central Air, Forced Air
  • Laundry: On Level: Main Floor
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV, Cable Internet, WiFi
  • Water: Municipal

Association/Amenities

  • Development Name: Heritage Estates

Lot Info

  • Lot Dimensions: 120x143x115x150
  • Mineral Rights: Yes
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2016
Closed on
Oct 12, 2016
Seller's Agent
Angela DiLorenzo
Berkshire Hathaway Homeservices - TC
Buyer's Agent
Jonathan Oltersdorf
OLTERSDORF REALTY, LLC
List Price
$289,900
Sold Price
$254,450
Premium/Discount to List
-$35,450
-12.23%
Current Estimated Value
$518,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,270
Avg. Annual Appreciation
8.19%

Purchase Details

Closed on
Jan 31, 2002

Purchase Details

Closed on
Jul 24, 1996

Purchase Details

Closed on
Jul 26, 1995
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
-- $254,500 --
-- $224,900 --
-- $155,000 --
-- $24,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2016 10/12/16 Sold $254,450 -12.2% $88 / Sq Ft
08/29/2016 08/29/16 Pending -- -- --
06/20/2016 06/20/16 For Sale $289,900 -- $100 / 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 $4,254 $250,000 $0 $0
2024 $2,874 $202,700 $0 $0
2023 $2,750 $153,900 $0 $0
2022 $3,884 $165,700 $0 $0
2021 $3,755 $153,900 $0 $0
2020 $3,722 $144,700 $0 $0
2019 $3,730 $140,000 $0 $0
2018 $0 $133,300 $0 $0
2017 -- $128,800 $0 $0
2016 -- $0 $0 $0
2014 -- $114,200 $0 $0
2012 -- $113,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Angela DiLorenzo

    Seller's Agent in 2016

    Angela DiLorenzo

    Berkshire Hathaway Homeservices - TC

    (231) 632-5105

    3 in this area

    58 Total Sales

    Angela DiLorenzo
    Section Image
  • Jonathan Oltersdorf

    Buyer's Agent in 2016

    Jonathan Oltersdorf

    OLTERSDORF REALTY, LLC

    (231) 218-0509

    3 in this area

    87 Total Sales

    Jonathan Oltersdorf
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1818762

Northern Great Lakes REALTORS® MLS

APN: 05-149-035-00

Michigan Grand Traverse County Traverse City 49685

5516 Heritage Way, 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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