NOT LISTED FOR SALE

5518 Lower Shore Dr Harbor Springs, MI 49740

Estimated Value: $1,129,000 - $1,535,000

2 Beds
2 Baths
1,080 Sq Ft
$1,238/Sq Ft Est. Value

Last Sold May 13, 2015

Last sale price $480,000 $444 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $8,118/month

103 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Cathedral Ceiling
  • First Floor Utility Room
  • Deck
  • Wood Flooring
  • Wood Frame Window

About This Home

As of May 2015

Stone fireplace, sliding doors to the beach, 2 comfortable bedrooms and baths - a very appealing cottage just 5 miles from Harbor Springs right on Lake Michigan, offered furnished on a deep wooded 100 ft wide lot.

Last Agent to Sell the Property

Kevin Olson

Graham Real Estate Listed on: 12/08/2014

Last Buyer's Agent

Kevin Olson

Graham Real Estate Listed on: 12/08/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,984

Year Built

  • Built in 1960

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 100 x 365
  • 100 Feet of Waterfront

Home Design

  • Wood Frame Construction
  • Built-Up Roof

Interior Spaces

  • 1,080 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Wood Frame Window
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Wood Flooring
  • Water Views
  • Crawl Space
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Well
  • Electric Water Heater
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 16-12-31-426-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,984

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1960
  • Measurement Source: Agent
  • Section: 31
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1960

Interior Features

  • Features: Cable, Cathedral Ceilings, Deck, Dryer, Patio, Range, Refrigerator, Washer, Wood Fireplace, Wood Floors
  • Total Finished Sq Ft: 1080
  • Master Bedroom: Dimensions: 11 x 13, On Level: Main
  • Bedroom 2: Dimensions: 11.5 x 13, On Level: Main
  • Bedroom 3: On Level: N/A
  • Bedroom 4: On Level: N/A
  • Total Rooms: 4
  • Basement: Crawl
  • Dining Room: Dimensions: with living room, On Level: Main
  • Kitchen: Dimensions: 8 x 12, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 23 x 14, On Level: Main
  • Above Grade Finished Sq Ft: 1080
  • Bathroom 1: Dimensions: two full, On Level: Main
  • Bathroom 2: On Level: N/A
  • Number Of Bedrooms: 2
  • Full Bathrooms: 2
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Wood Sash

Exterior Features

  • Construction: Wood Frame/Site Built, One Story
  • Lake: Michigan
  • Roof: Built Up
  • Waterfront Frontage: 100
  • Waterfront Water Access: Water Front
  • Water View: Y
  • Wf Wa Ownership Type: Deeded and Private Ownership

Utilities

  • Heat Type: Forced Air, Oil
  • Sewer: Septic
  • Water: Well
  • Water Heater: Electric, 40 Gal

Schools

  • School District: Harbor Springs

Lot Info

  • Estimated Lot Dimensions: 100 x 365
  • Estimated Number of Acres: 1
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 16-12-31-426-008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2025
Sold by
Stavros Jonathan C and Stavros Amy J
Bought by
Stavros Jonathan C and Stavros Amy J
Current Estimated Value
$1,337,229

Purchase Details

Listed on
Dec 8, 2014
Closed on
May 13, 2015
Sold by
Schiller Richard and Schiller Margaret
Bought by
Stavros Jonathan C and Stavros Amy J
Seller's Agent
Kevin Olson
Graham Real Estate
Buyer's Agent
Kevin Olson
Graham Real Estate
List Price
$499,000
Sold Price
$480,000
Premium/Discount to List
-$19,000
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.52%
Original Mortgage
$384,000
Interest Rate
2.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 20, 2007
Sold by
Papa Albert and Papa Tracey
Bought by
Schiller Richard and Schiller Margaret

Purchase Details

Closed on
Apr 29, 2003
Bought by
Papa Albert and Papa Tracey

Purchase Details

Closed on
Aug 1, 1983
Bought by
Schlaker
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Stavros Jonathan C -- --
Stavros Jonathan C -- None Available
Schiller Richard $620,000 --
Papa Albert $730,000 --
Schlaker -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stavros Jonathan C $462,536
Previous Owner Stavros Jonathan C $384,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2015 05/13/15 Sold $480,000 -3.8% $444 / Sq Ft
03/21/2015 03/21/15 Pending -- -- --
12/08/2014 12/08/14 For Sale $499,000 -- $462 / Sq Ft
Source: Northern Michigan 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 $9,984 $522,100 $522,100 $0
2024 $9,984 $524,600 $524,600 $0
2023 $9,130 $418,800 $418,800 $0
2022 $9,130 $307,600 $307,600 $0
2021 $8,635 $302,200 $302,200 $0
2020 $8,503 $264,400 $264,400 $0
2019 -- $275,700 $275,700 $0
2018 -- $223,200 $223,200 $0
2017 -- $247,900 $247,900 $0
2016 -- $210,900 $210,900 $0
2015 -- $181,300 $0 $0
2014 -- $178,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kevin Olson

    Seller's Agent in 2015

    Kevin Olson

    Graham Real Estate

    (231) 881-7303

    71 in this area

    109 Total Sales

    Kevin Olson
    Section Image
See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 442860

Northern Michigan MLS

APN: 16-12-31-426-008

Michigan Emmet County Harbor Springs 49740

5518 Lower Shore Dr, Harbor Springs, MI

This home is located at 5518 Lower Shore Dr, Harbor Springs, MI 49740 since 08 December 2014 and is currently estimated at $1,337,229, approximately $1,238 per square foot. This property was built in 1960. 5518 Lower Shore Dr is a home located in Emmet County with nearby schools including Harbor Springs High School, Harbor Springs Middle School, and Shay Elementary School.

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 Michigan MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes