NOT LISTED FOR SALE

5519 Up North Dr Traverse City, MI 49685

Estimated Value: $727,000 - $1,070,571

-- Bed
1 Bath
6,540 Sq Ft
$142/Sq Ft Est. Value

Last Sold August 25, 2016

Last sale price $475,000 $73 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $5,301/month

27 Days on Market

Highlights

  • 2.39 Acre Lot
  • Attached Garage
  • Forced Air Heating and Cooling System
  • Ranch Style House

About This Home

As of August 2016

Great income/rental property. 3 side by side duplexes for a total of 6 units. 4 units have 2BR/2BA, each with 1 stall attached garages. 2 units have 3BR/1BA with no garages. Built in 2002 with asphalt roofs, vinyl siding, vinyl windows, concrete patios. Slab construction with ceramic tile and carpet. Natural gas forced air furnaces and water heaters. Each unit has laundry hook ups. 100% occupancy, some with month to month leases and some with year leases.

Last Agent to Sell the Property

Neal Sweet

Berkshire Hathaway Homeservices - TC License #6501374215 Listed on: 05/26/2016

Last Buyer's Agent

John Welsh

Coldwell Banker Schmidt-Leland License #6502113014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,072

Year Built

  • Built in 2002

Lot Details

  • 2.39 Acre Lot
  • The community has rules related to zoning restrictions

Parking

  • Attached Garage

Home Design

  • Duplex
  • Ranch Style House
  • Slab Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 6,540 Sq Ft Home
  • Drapes & Rods
  • Blinds
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 6 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,072

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Duplex (Side X Side)
  • Style: Ranch, 1 Story
  • Estimated Year Built: 2002
  • Construction: Frame
  • Section Number: 7
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 2002

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Blinds, Drapes, Natural Gas Water Heater
  • Interior Amenities: Laundry Hook-Up
  • Price Per Sq Ft: 72.63
  • Range: R 11W
  • Total Finished Sf Apx: 6540

Exterior Features

  • Exterior Finish: Vinyl Siding
  • Foundation: Slab
  • Number Of Acres: 2.39
  • Road: Gravel, Privately Owned, Privately Maintained
  • Roof: Asphalt

Garage/Parking

  • Primary Garage: One Car, Attached

Utilities

  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable Tv
  • Water: Private Well
  • Heating Cooling Type: Forced Air

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Dimensions: 162.5 x 213.33 Ea
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Multi-Family

Multi Family

  • Total Number Units: 6

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2017
Current Estimated Value
$925,857

Purchase Details

Listed on
May 26, 2016
Closed on
Aug 25, 2016
Seller's Agent
Neal Sweet
Berkshire Hathaway Homeservices - TC
Buyer's Agent
John Welsh
Coldwell Banker Schmidt-Leland
List Price
$510,000
Sold Price
$475,000
Premium/Discount to List
-$35,000
-6.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.80%
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
-- -- --
-- $475,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2016 08/25/16 Sold $475,000 -6.9% $73 / Sq Ft
06/22/2016 06/22/16 Pending -- -- --
05/26/2016 05/26/16 For Sale $510,000 -- $78 / 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 $3,072 $161,100 $0 $0
2024 $2,423 $153,700 $0 $0
2023 $2,313 $113,000 $0 $0
2022 $2,776 $123,400 $0 $0
2021 $2,637 $113,000 $0 $0
2020 $2,610 $111,800 $0 $0
2019 $2,599 $110,200 $0 $0
2018 $2,529 $83,600 $0 $0
2017 -- $81,800 $0 $0
2016 -- $60,700 $0 $0
2014 -- $53,000 $0 $0
2012 -- $65,010 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2016

    Neal Sweet

    Berkshire Hathaway Homeservices - TC

  • J

    Buyer's Agent in 2016

    John Welsh

    Coldwell Banker Schmidt-Leland

See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1817542

Northern Great Lakes REALTORS® MLS

APN: 02-007-015-20

Michigan Grand Traverse County Traverse City 49685

5519 Up North Dr, Traverse City, MI

This home is located at 5519 Up North Dr, Traverse City, MI 49685 since 26 May 2016 and is currently estimated at $925,857, approximately $141 per square foot. This property was built in 2002. 5519 Up North Dr is a home located in Grand Traverse County with nearby schools including Silver Lake Elementary School, West Middle School, and West Senior High 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 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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