NOT LISTED FOR SALE

5552 Marquette Dr Traverse City, MI 49685

Estimated Value: $915,000 - $1,158,000

4 Beds
2.5 Baths
2,772 Sq Ft
$380/Sq Ft Est. Value

Last Sold March 03, 2023

Last sale price $837,000 $302 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $7,499/month

54 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Private Dock
  • Lake Privileges
  • 70 Feet of Waterfront
  • Sandy Beach
  • Main Floor Primary Bedroom

About This Home

As of March 2023

This Silver Lake home shows like brand new! Lovely water views and just a short walk from 70 feet of shared waterfront. Keep your boat in the water and enjoy the convenience of shared frontage with only three other neighbors. Inside, you'll find beautiful hardwood floors, granite countertops, and stainless steel appliances. The open floor plan is perfect for entertaining, and the main floor primary suite includes an ensuite jetted tub and walk-in tile shower. The spacious mudroom has a convenient laundry area, and central air conditioning keeps living cool during the summer. The finished bonus room provides additional living space, and the large front porch is the perfect place to sit and relax, enjoying the beautiful lake views. The property also has an irrigated yard with an invisible fence and a 3-car finished and heated garage. Located just 6 miles from downtown Traverse City, this property offers the best of lakeside living.

Last Agent to Sell the Property

Janel Brown

REO-TCFront-233021 License #6501287459 Listed on: 12/08/2022

REO-TCFront-233021

Co-Listed By

Taylor Brown

REO-TCFront-233021 License #6501425317

Last Buyer's Agent

JOSEPH VAN ANTWERP

Keller Williams Northern Michi License #6501332701

Keller Williams Northern Michi

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,275

Year Built

  • Built in 2017

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 117x242x125x200
  • 70 Feet of Waterfront
  • Sandy Beach
  • Level Lot
  • Sprinkler System
  • The community has rules related to zoning restrictions

HOA Fees

  • $75 Monthly HOA Fees

Home Design

  • Poured Concrete
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,772 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Fireplace
  • Mud Room
  • Den
  • Water Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Granite Bathroom Countertops

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Heated Garage

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Private Dock
  • Lake Privileges
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Water Softener is Owned
  • Cable TV Available

Community Details

Overview

  • Association fees include snow removal
  • Schaub Lake View Estates Community

Amenities

  • Common Area

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,275

Year Built

Built in 2017

Lot Details

0

HOA Fees

$75 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 1.5 Story
  • Estimated Year Built: 2017
  • Construction: Frame
  • Private Shared: Shared
  • Section Number: 6
  • Univs Design Barrier Free: Main Floor Access
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 2017

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Water Softener Owned, Washer, Dryer, Ceiling Fan
  • Interior Amenities: Walk-In Closet(s), Pantry, Granite Bath Tops, Granite Kitchen Tops, Island Kitchen, Mud Room, Den/Study
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 15.10x15.06, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 12.06x12.00, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 12.06x12.00, On Level: Main Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 15.06x13.00, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 2.5
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 16.06x11.00, On Level: Main Floor, Flooring: Wood
  • Family Room: Dimensions: 30.00x20.00, On Level: Upper Floor, Flooring: Carpet
  • Kitchen: Dimensions: 17.00x13.06, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 29.00x16.06, On Level: Main Floor, Flooring: Wood
  • Estimated Above Ground Finished Sq Ft: 2772
  • Estimated Below Grade Unfinished Sq Ft: 2172
  • Price Per Sq Ft: 301.95
  • Range: R 11W
  • Total Finished Sf Apx: 2772

Exterior Features

  • Body Of Water: Silver Lake
  • Exterior Features: Sprinkler System, Patio, Sidewalk, Covered Porch
  • Exterior Finish: Vinyl
  • Foundation: Full, Poured Concrete
  • Number Of Acres: 0.59
  • Road: Blacktop, Privately Maintained
  • Roof: Asphalt
  • Water Features: Inland Lake, All Sports, Water View, Private Dock, Sandy Bottom, Public Lake
  • Waterfront Frontage: 70

Garage/Parking

  • Driveway: Blacktop
  • Garage Capacity: 3
  • Primary Garage: Attached, Heated, Concrete Floors

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal
  • Annual Association Fees: 900
  • Association Fees: Annual

Association/Amenities

  • Development Amenities: Community Dock, Lake Privileges, Common Area
  • Development Name: Schaub Lake View Estates

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Number: 3
  • Deeded Waterfront: Yes
  • Land Features: Level
  • Lot Dimensions: 117x242x125x200
  • Mineral Rights: Unknown
  • Parcel Description: Site Condo
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2022
Closed on
Mar 3, 2023
Sold by
Norris Cynthia and Norris Kim
Bought by
Martin Jack A
Seller's Agent
Janel Brown
REO-TCFront-233021
Buyer's Agent
JOSEPH VAN ANTWERP
Keller Williams Northern Michi
List Price
$869,000
Sold Price
$837,000
Premium/Discount to List
-$32,000
-3.68%
Views
142
Current Estimated Value
$1,052,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,344
Avg. Annual Appreciation
9.71%

Purchase Details

Listed on
May 1, 2017
Closed on
Sep 21, 2017
Sold by
Tj Schaub Construction Inc
Bought by
Tumey Dale R and Tumey Kimberly A
Seller's Agent
Janel Brown
REO-TCFront-233021
Buyer's Agent
Molly Agostinelli
Coldwell Banker Schmidt Traver
List Price
$545,000
Sold Price
$540,000
Premium/Discount to List
-$5,000
-0.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.39%

Purchase Details

Closed on
Nov 22, 2016

Purchase Details

Closed on
Dec 24, 2014
Source: Public Records

Range of Values:

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Average Value
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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
Martin Jack A $837,000 --
Tumey Dale R $540,000 --
-- -- --
-- -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2023 03/03/23 Sold $837,000 -3.7% $302 / Sq Ft
12/08/2022 12/08/22 For Sale $869,000 +46.1% $313 / Sq Ft
10/29/2020 10/29/20 Sold $595,000 -2.5% $215 / Sq Ft
07/01/2020 07/01/20 For Sale $610,000 +13.0% $220 / Sq Ft
09/25/2017 09/25/17 Sold $540,000 -0.9% $195 / Sq Ft
08/22/2017 08/22/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $545,000 -- $197 / 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 $20,275 $586,700 $0 $0
2024 $8,025 $442,500 $0 $0
2023 $6,326 $320,100 $0 $0
2022 $9,142 $347,500 $0 $0
2021 $8,579 $320,100 $0 $0
2020 $7,331 $290,600 $0 $0
2019 $7,382 $266,800 $0 $0
2018 $5,267 $273,200 $0 $0
2017 -- $62,500 $0 $0
2016 -- $62,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1907115

Northern Great Lakes REALTORS® MLS

APN: 02-635-003-00