NOT LISTED FOR SALE

5550 S Lime Lake Rd Cedar, MI 49621

Estimated Value: $478,000 - $882,000

1 Bed
1 Bath
1,200 Sq Ft
$541/Sq Ft Est. Value

Sale Details

Date Sold: June 9, 2017

Last sale price $280,000 $233 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $4,070 / mo

31 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • Deck
  • Leland Public School Rated A-
  • Bluff on Lot
  • Wooded Lot

About This Home

As of June 2017

Enjoy beautiful summer evenings on picturesque Lime Lake from the deck of this rustic cottage or enjoy a cup of coffee watching the sunrise down by the waters edge. This 1 bedroom cottage offers a loft, open kitchen concept for entertaining family and guests, and one more non-conforming bedroom for overflowing company. Enjoy a bonfire on the 100 feet of private footage, watch the loons, take a swim or grab your fishing rod for some great fishing!

Last Agent to Sell the Property

Kim MacMaster

Coldwell Banker Schmidt Traverse City License #6501401112 Listed on: 03/29/2017

Coldwell Banker Schmidt Traverse City

Co-Listed By

Jennifer Hastings

Blue Lakes Real Estate Group TC LLC

Last Buyer's Agent

Kim MacMaster

Coldwell Banker Schmidt Traverse City License #6501401112 Listed on: 03/29/2017

Coldwell Banker Schmidt Traverse City

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 32,670 Sq Ft Lot
  • Lot Dimensions are 100x325
  • Private Waterfront
  • 100 Feet of Waterfront
  • Bluff on Lot
  • Sloped Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Parking

  • Private Driveway

Home Design

  • Cottage
  • Fixer Upper
  • Block Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,200 Sq Ft Home
  • Bookcases
  • Paneling
  • Beamed Ceilings
  • Loft
  • Water Views

Kitchen

  • Oven or Range
  • Stove

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Deeded Waterfront Access Rights
  • Deck
  • Shed

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Well
  • Cable TV Available

Community Details

Overview

  • Green Meadows Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

0.75 Acres

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Cottage
  • Estimated Year Built: 1960
  • Construction: Frame
  • Private Shared: Private
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1960

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range
  • Interior Amenities: Built-In Bookcase, Loft, Fixer-Upper, Beamed Ceilings, Drywall, Paneling
  • Bedrooms: 1
  • Bedroom 1: Dimensions: 11x9, On Level: Lower Floor
  • Total Bathrooms: 1
  • Primary Bathroom: Shared
  • Number of Lower Level Bathrooms: 1
  • Full Bathrooms: 1
  • Kitchen: Dimensions: comboxcombo, On Level: Lower Floor, Flooring: Tile
  • Living Room: Dimensions: 15x11, On Level: Main Floor, Flooring: Carpet
  • Range: R 13W
  • Total Finished Sf Apx: 1200

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Body Of Water: Lime Lake
  • Exterior Features: Deck
  • Exterior Finish: Vinyl
  • Foundation: Block
  • Number Of Acres: 0.75
  • Road: Blacktop, Public Maintained
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Bluff (less than 10ft)
  • Waterfront Frontage: 100

Garage/Parking

  • Driveway: Dirt, Private

Utilities

  • Fireplaces And Stoves: Stove
  • Heating Cooling Types: Wall
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Private Well

Association/Amenities

  • Development Name: Green Meadows

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Sloping, Wooded
  • Lot Dimensions: 100x325
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

MLS Schools

  • School District: Leland Public School District

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2017
Closed on
Jun 9, 2017
Sold by
Vought Grace E
Bought by
Seller's Agent
Kim MacMaster
Coldwell Banker Schmidt Traverse City
Buyer's Agent
Kim MacMaster
Coldwell Banker Schmidt Traverse City
List Price
$340,000
Sold Price
$280,000
Premium/Discount to List
-$60,000
-17.65%
Current Estimated Value
$648,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$368,666
Avg. Annual Appreciation
9.50%
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$270,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/09/2017 06/09/17 Sold $280,000 -17.6% $233 / Sq Ft
04/29/2017 04/29/17 Pending -- -- --
03/29/2017 03/29/17 For Sale $340,000 -- $283 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $5,887 $367,800 $0 $0
2025 $5,735 $227,700 $0 $0
2024 $46 $241,900 $0 $0
2023 $4,567 $248,600 $0 $0
2022 $5,094 $174,700 $0 $0
2020 $4,827 $170,800 $0 $0
2019 $4,058 $154,300 $0 $0
2018 -- $158,600 $0 $0
2017 -- $158,800 $0 $0
2016 -- $158,600 $0 $0
2015 -- $153,900 $0 $0
2014 -- $161,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • KM

    Seller's Agent in 2017

    Kim MacMaster

    Coldwell Banker Schmidt Traverse City

    Section Image
  • Jennifer Hastings Real Estate Agent - Blue Lakes Real Estate Group TC LLC

    Seller Co-Listing Agent in 2017

    Jennifer Hastings

    Blue Lakes Real Estate Group TC LLC

    (443) 895-0764

    318 Total Sales

    Jennifer Hastings
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1829544

Northern Great Lakes REALTORS® MLS

APN: 003-024-026-00

Michigan Leelanau County Cedar 49621

5550 S Lime Lake Rd, Cedar, 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 2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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