NOT LISTED FOR SALE

5575 Marquette Ln Unit 1 Traverse City, MI 49685

Estimated Value: $847,000 - $1,384,073

4 Beds
3.5 Baths
3,080 Sq Ft
$396/Sq Ft Est. Value

Last Sold February 22, 2022

Last sale price $1,050,000 $341 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $7,961/month

14 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Private Dock
  • Deck
  • 115 Feet of Waterfront
  • Sandy Beach
  • Ranch Style House

About This Home

As of February 2022

Gorgeous Silver Lake 4 BR, 3.5 BA Builder's home with 115 feet of private water frontage. Wide open floor plan with lake views throughout. Come enjoy your morning coffee on your maintenance free deck overlooking the lake. Spend the day on Silver Lake or just hang out on your prime sandy beachfront. Solid hickory hardwood floors & granite counter tops. Fireplace. Main floor master suite. Office. Central air. Finished lower level with family room, spacious bedroom and an additional bath. Check out the 3-car over-sized garage for all of your toys! Irrigated yard. Located just 6 miles from downtown Traverse City.

Last Agent to Sell the Property

Janel Brown

REO-TCFront-233021 License #6501287459 Listed on: 01/10/2022

REO-TCFront-233021

Last Buyer's Agent

Kegan Smith

Coldwell Banker Schmidt Traver License #6501394020

Coldwell Banker Schmidt Traver

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,823

Year Built

  • Built in 2015

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 115x370x115x413
  • 115 Feet of Waterfront
  • Sandy Beach
  • Level Lot
  • Sprinkler System
  • The community has rules related to zoning restrictions

HOA Fees

  • $75 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Ranch Style House
  • Poured Concrete
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,080 Sq Ft Home
  • Ceiling Fan
  • Fireplace
  • Mud Room
  • Den
  • Water Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Granite Bathroom Countertops

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property is near a lake
  • Private Dock
  • Deck
  • 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

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,823

Year Built

Built in 2015

Lot Details

0

HOA Fees

$75 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, 1 Story
  • Estimated Year Built: 2015
  • Construction: Frame
  • Private Shared: Private
  • Section Number: 6
  • Univs Design Barrier Free: Main Floor Access
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 2015

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Water Softener Owned, Washer, Dryer, Ceiling Fan
  • Interior Amenities: Walk-In Closet(s), Pantry, Granite Bath Tops, Granite Kitchen Tops, Mud Room, Den/Study
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 24.10x12.01, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 11.10x10.05, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 11.04x11.00, On Level: Main Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 17.09x11.06, On Level: Lower Floor, Flooring: Carpet
  • Total Bathrooms: 3.5
  • Primary Bathroom: Private
  • Number of Lower Level Bathrooms: 1
  • Number of Main Level Bathrooms: 3
  • Full Bathrooms: 2
  • Number of Three Quarter Bathrooms: 1
  • Half Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 11.02x11.00, On Level: Main Floor, Flooring: Wood
  • Family Room: Dimensions: 33.06x17.09, On Level: Lower Floor, Flooring: Carpet
  • Kitchen: Dimensions: 13.00x12.00, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 21.01x17.11, On Level: Main Floor, Flooring: Wood
  • Other Room: Dimensions: 13.01x08.01, On Level: Main Floor
  • Estimated Above Ground Finished Sq Ft: 1980
  • Estimated Below Grade Finished Sq Ft: 1100
  • Estimated Below Grade Unfinished Sq Ft: 880
  • Price Per Sq Ft: 340.91
  • Range: R 11W
  • Total Finished Sf Apx: 3080

Exterior Features

  • Body Of Water: Silver Lake
  • Exterior Features: Sprinkler System, Deck, Patio, Sidewalk, Covered Porch
  • Exterior Finish: Vinyl
  • Foundation: Full, Poured Concrete
  • Number Of Acres: 1
  • Road: Blacktop, Privately Maintained
  • Roof: Asphalt
  • Water Features: Inland Lake, All Sports, Water View, Private Dock, Sandy Bottom, Public Lake
  • Waterfront Frontage: 115

Garage/Parking

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

Utilities

  • Fireplaces And Stoves: Fireplace(s)
  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: On Level: Main Floor, Flooring: Vinyl
  • 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 Name: Schaub Lake View Estates

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Number: 1
  • Deeded Waterfront: Yes
  • Land Features: Level
  • Lot Dimensions: 115x370x115x413
  • 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
Jan 10, 2022
Closed on
Feb 22, 2022
Sold by
Schaub Timothy and Schaub Lisa
Bought by
Lahey Michael F
Seller's Agent
Janel Brown
REO-TCFront-233021
Buyer's Agent
Kegan Smith
Coldwell Banker Schmidt Traver
List Price
$1,200,000
Sold Price
$1,050,000
Premium/Discount to List
-$150,000
-12.5%
Current Estimated Value
$1,220,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,768
Avg. Annual Appreciation
2.75%

Purchase Details

Closed on
May 26, 2015

Purchase Details

Closed on
Dec 24, 2014
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
Lahey Michael F $1,050,000 --
-- -- --
-- -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2022 02/22/22 Sold $1,050,000 -8.7% $341 / Sq Ft
01/19/2022 01/19/22 Price Changed $1,150,000 -4.2% $373 / Sq Ft
01/10/2022 01/10/22 For Sale $1,200,000 -- $390 / 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 $14,823 $680,400 $0 $0
2024 $9,663 $532,800 $0 $0
2023 $9,286 $292,700 $0 $0
2022 $7,628 $408,800 $0 $0
2021 $7,094 $292,700 $0 $0
2020 $7,107 $271,400 $0 $0
2019 $7,172 $268,200 $0 $0
2018 $6,869 $277,600 $0 $0
2017 -- $263,400 $0 $0
2016 -- $244,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1896072

Northern Great Lakes REALTORS® MLS

APN: 02-635-001-00