NOT LISTED FOR SALE

593 N East Silver Lake Rd Traverse City, MI 49685

Estimated Value: $1,581,000 - $2,062,295

4 Beds
4.5 Baths
4,964 Sq Ft
$367/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $890,000 $179 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $10,878/month

129 Days on Market

Highlights

  • Private Waterfront
  • Private Dock
  • RV or Boat Parking
  • Deeded Waterfront Access Rights
  • Second Garage
  • 3.33 Acre Lot

About This Home

As of August 2018

Soak up the summer sun and build lifelong family memories at this LUXURY WATERFRONT HOME. 115 feet of private Silver Lake frontage, 3.33 acre estate size parcel, extremely desirable lake location offering fabulous lake and sunset views. Unique custom design, open floor plan, over 5,000 sf of quality living area. Incredible kitchen, cherry cabinets, granite counters, stainless appliances, attached sunroom, and breakfast nook. Lake side master suite, with granite counters double sinks, W/I closet, Jacuzzi tub, tiled shower, and private deck. Two gas fireplaces, 35 X 40 family/game room with wet bar. Expansive mulit-level deck is ideal for outside entertaining. 40 X 60 heated toy storage building. Professionally landscaped, irrigation, heated garage, basketball court, impeccably maintained. Located a short distance from public boat launch and Silver Lake Recreational Area.

Last Agent to Sell the Property

Robert Doriot

Coldwell Banker Schmidt Traver License #6501244671 Listed on: 03/05/2018

Coldwell Banker Schmidt Traver

Last Buyer's Agent

Michael Mitchell

REO-TCRandolph-233022 License #6501200118

REO-TCRandolph-233022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,537

Year Built

  • Built in 1984

Lot Details

  • 3.33 Acre Lot
  • Lot Dimensions are 115 x 890
  • Private Waterfront
  • 115 Feet of Waterfront
  • Bluff on Lot
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Garden
  • The community has rules related to zoning restrictions

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Cement Board or Planked

Interior Spaces

  • 4,964 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bookcases
  • Ceiling Fan
  • Gas Fireplace
  • Drapes & Rods
  • Blinds
  • Bay Window
  • Mud Room
  • Entrance Foyer
  • Great Room
  • Formal Dining Room
  • Den
  • Game Room
  • Solarium
  • Home Gym
  • Water Views

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Windows

Parking

  • 2 Car Attached Garage
  • Second Garage
  • Heated Garage
  • Garage Door Opener
  • Private Driveway
  • RV or Boat Parking

Outdoor Features

  • Deeded Waterfront Access Rights
  • Private Dock
  • Balcony
  • Tiered Deck
  • Covered Patio or Porch
  • Pole Barn
  • Rain Gutters

Utilities

  • Central Air
  • Baseboard Heating
  • Well
  • Natural Gas Water Heater
  • Water Softener is Owned
  • Cable TV Available

Community Details

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,537

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story, Contemporary
  • Percent Of Remodel: 65
  • Estimated Year Built: 1984
  • Construction: Frame
  • Private Shared: Private
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1984
  • Year Renovated: 2008

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Trash Compactor, Water Softener Owned, Washer, Dryer, Exhaust Fan, Blinds, Drapes, Curtain Rods, Ceiling Fan, Natural Gas Water Heater, Smoke Alarms(s)
  • Interior Amenities: Built-In Bookcase, Bay Window(s), Foyer Entrance, Walk-In Closet(s), Wet Bar, Pantry, Solarium/Sun Room, Breakfast Nook, Granite Bath Tops, Granite Kitchen Tops, Mud Room, Formal Dining Room, Great Room, Den/Study, Exercise Room, Game Room, Drywall
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 22x18, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 18x16.06, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 15x14, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 4: Dimensions: 15x14, On Level: Upper Floor, Flooring: Carpet
  • Total Bathrooms: 4.5
  • Primary Bathroom: Private
  • Number of Lower Level Bathrooms: 1
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Floor Primary: No
  • Dining Room: Dimensions: 20x12.06, On Level: Main Floor, Flooring: Wood
  • Family Room: Dimensions: 35x40, On Level: Lower Floor, Flooring: Carpet
  • Kitchen: Dimensions: 18x15, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 25x17, On Level: Main Floor, Flooring: Carpet
  • Other Room: Dimensions: 12x16, On Level: Main Floor, Flooring: Carpet
  • Range: R 11W
  • Total Finished Sf Apx: 4964

Exterior Features

  • Additional Buildings: Pole Building(s), Workshop, Secondary Garage(s)
  • Body Of Water: Silver Lake
  • Exterior Features: Sprinkler System, Balcony, Deck, Multi-Level Decking, Sidewalk, Covered Porch, Landscaped, Garden Area, Porch, RV Parking, Gutters
  • Exterior Finish: Cement Board
  • Foundation: Full, Walkout, Block, Daylight Windows, Entrance Outside, Finished Rooms, Entrance Inside
  • Lake Size: 600 acres
  • Number Of Acres: 3.33
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Private Dock, Bluff (greater than 10ft), Stony Bottom
  • Waterfront Frontage: 115

Garage/Parking

  • Driveway: Blacktop, Private
  • Garage Capacity: 2
  • Primary Garage: Attached, Door Opener, Paved Driveway, Heated, Concrete Floors

Utilities

  • Fireplaces And Stoves: Fireplace(s), Gas
  • Heating Cooling Types: Hot Water, Baseboard, Central Air
  • Laundry: Dimensions: 9x9.03, On Level: Main Floor, Flooring: Tile
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV
  • Water: Private Well

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Level
  • Lot Dimensions: 115 X 890
  • Mineral Rights: Unknown
  • Parcel Description: Metes and Bounds, Splits Available
  • Zoning Use Restrictions: Residential, Outbuildings Allowed

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2018
Closed on
Aug 31, 2018
Sold by
Baker Douglas H
Bought by
Walsh Edward Te and Walsh Erica Te
Seller's Agent
Robert Doriot
Coldwell Banker Schmidt Traver
Buyer's Agent
Michael Mitchell
REO-TCRandolph-233022
List Price
$960,000
Sold Price
$890,000
Premium/Discount to List
-$70,000
-7.29%
Current Estimated Value
$1,821,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$931,648
Avg. Annual Appreciation
10.44%

Purchase Details

Closed on
Jun 11, 2013

Purchase Details

Closed on
Sep 11, 2008

Purchase Details

Closed on
Oct 8, 2007

Purchase Details

Closed on
Jun 30, 2004
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
Walsh Edward Te $890,000 --
-- -- --
-- -- --
-- -- --
-- $825,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2018 08/31/18 Sold $890,000 -1.1% $179 / Sq Ft
06/25/2018 06/25/18 Price Changed $899,900 -6.3% $181 / Sq Ft
03/05/2018 03/05/18 For Sale $960,000 -- $193 / 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 $15,537 $1,272,400 $0 $0
2024 $10,495 $833,300 $0 $0
2023 $10,042 $555,300 $0 $0
2022 $14,252 $599,000 $0 $0
2021 $13,780 $555,300 $0 $0
2020 $13,662 $501,100 $0 $0
2019 $14,406 $516,500 $0 $0
2018 $0 $519,500 $0 $0
2017 -- $482,800 $0 $0
2016 -- $428,100 $0 $0
2014 -- $335,300 $0 $0
2012 -- $329,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1843287

Northern Great Lakes REALTORS® MLS

APN: 05-031-003-00