NOT LISTED FOR SALE

603 N Silver Place Indian River, MI 49749

Estimated Value: $609,000 - $751,000

5 Beds
4 Baths
3,618 Sq Ft
$190/Sq Ft Est. Value

Last Sold August 19, 2022

Last sale price $560,000 $155 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $4,594/month

20 Days on Market

Highlights

  • Lake Front
  • Gated Community
  • Cape Cod Architecture
  • Docks
  • Open Floorplan
  • Community Lake

About This Home

As of August 2022

This beautiful custom brick home was designed and built by the Mason who owned the home. The Interior has the look and feel of a cozy modern log cabin with two masonry stone fireplaces. The fireplaces are stunning when you walk in and create a wonderful atmosphere along with the
cathedral ceilings. Located in the expansive gated Silver Lake Association, the beautiful lot gently slopes to the lake. You will be one of only 24 property owners with 10 plus acre private lots, plus a share in over 840 acres
of common area ownership. This home offers over 3600 sq ft with 5 bedrooms and 4 full bathrooms. The kitchen has an island and granite countertops. There is a guest suite above the garage with a kitchenette and a full bathroom. The second floor is spacious and ready for your finishing touch and flooring. The trim for each room and the tile for the bathroom is included with the home. The lake is 90 acres+ no wake lake perfect for canoes, kayaks, or small boat with an electric motor.
This is the only home on the lake with a boat house! The fishing is incredible, and the views are amazing! You also have 840 acres of some best deer hunting land in Northern Michigan. This peaceful year-round retreat is a must see with the loons on the lake in the summer, spectacular autumn color change and glistening snow in the winter for ice fishing and snowshoeing!

Last Agent to Sell the Property

Mary Mardigian

RE/MAX Real Estate Professionals License #6501415266 Listed on: 06/06/2022

RE/MAX Real Estate Professionals

Co-Listed By

Raeanne Mardigian

RE/MAX Real Estate Professionals

Last Buyer's Agent

Non Member

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,993

Year Built

  • Built in 1999 | Remodeled

Lot Details

  • 10.5 Acre Lot
  • Lake Front
  • The property's road front is unimproved
  • Property fronts a private road
  • West Facing Home
  • Landscaped
  • Private Lot
  • Gentle Sloping Lot
  • Wooded Lot
  • Few Trees
  • Back and Front Yard

HOA Fees

  • $63 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Inside Entrance
  • Front Facing Garage
  • Garage Door Opener
  • Shared Driveway

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof
  • Wood Siding
  • Concrete Siding

Interior Spaces

  • 3,618 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Woodwork
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Raised Hearth
  • Gas Log Fireplace
  • Stone Fireplace
  • Propane Fireplace
  • Triple Pane Windows
  • Bay Window
  • Wood Frame Window
  • Entrance Foyer
  • Great Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Storage
  • Utility Room
  • Lake Views
  • Security Gate

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Free-Standing Electric Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Dual Closets
  • Walk-In Closet
  • Double Vanity
  • Soaking Tub

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Partial Basement
  • Exterior Basement Entry
  • Block Basement Construction
  • Crawl Space
  • Natural lighting in basement

Outdoor Features

  • Docks
  • Fire Pit
  • Front Porch

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • 200+ Amp Service
  • Propane
  • Water Not Available
  • Well
  • Gas Water Heater
  • Septic Tank
  • Sewer Not Available
  • High Speed Internet
  • Phone Available
  • Satellite Dish

Community Details

Overview

  • Silver Lake Property Owners Assoc Association
  • Community Lake

Recreation

  • Snow Removal

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,993

Year Built

Built in 1999 | Remodeled

Lot Details

0

HOA Fees

$63 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Bedroom 2 Level: First
  • Dining Room Level: First
  • Living Room Level: First
  • Property Conditions Updated Remodeled: Yes
  • Current Use: Primary
  • Tax Year: 2021
  • Levels: Two
  • Parking Features Garage Spaces: 3.0
  • Year Built: 1999
  • Bathroom 1 Level: First
  • Bathroom 2 Level: First
  • Bathroom 3 Level: Second
  • Bathroom 4 Level: Second
  • Lot Size Acres: 10.5
  • Lot Size: Irregular
  • Co List Office Mls Id: 1103
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 3618.0
  • Architectural Style: Cape Cod
  • Living Area: 3618.0
  • New Construction: No
  • General Property Info:Lot Size Dimensions: Irregular
  • General Property Info:Above Grade Finished Area: 3618.0
  • General Property Info:Total Livable Area: 3618.0
  • Baths:_pound_Full Baths 2: 2
  • Baths:_pound_Full Baths 1: 2
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: First
  • Laundry Features:Main Level: Yes
  • Levels:Two2: Yes
  • General Property Info:Waterfront: Yes
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Flooring:Carpet: Yes
  • Flooring:Laminate: Yes
  • Foundation Details:Block4: Yes
  • Utilities:Electricity Available: Yes
  • Utilities:High Speed Internet Available: Yes
  • Roof:Shingle: Yes
  • Architectural Style:Cape Cod: Yes
  • Improvements:Great Room: Yes
  • Exterior:Brick: Yes
  • Other Equipment:Satellite Dish: Yes
  • Exterior:Wood Siding: Yes
  • Exterior:Concrete: Yes
  • Laundry Features:Laundry Room: Yes
  • Utilities:Propane2: Yes
  • Laundry Features:Upper Level: Yes
  • Flooring:Ceramic Tile: Yes
  • Flooring:Hardwood: Yes
  • Utilities:Phone Available: Yes
  • Cooling:None8: Yes
  • Rooms:Bonus Room: Yes
  • Electric:Circuit Breakers: Yes
  • Utilities:Sewer Not Available: Yes
  • Utilities:Water Not Available: Yes
  • Frontage Type:Lakefront: Yes
  • Electric:_two_00 Amp Service: Yes
  • View:Lake: Yes
  • Road Frontage Type:Private Road: Yes
  • Tax Info:Zoning3: Residential
  • Security Features:Security Gate: Yes
  • Rooms:Great Room3: Yes
  • General Property Info:Building Area Total SqFt: 4066.0
  • General Property Info:Front Door: West
  • Special Features: VirtualTour

Interior Features

  • Basement: Block, Concrete, Crawl Space, Daylight, Exterior Entry, Partial, Walk-Out Access
  • Heating: Baseboard, Hot Water, Propane
  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Breakfast Bar, Cathedral Ceiling(s), Ceiling Fan(s), Double Closet, Double Vanity, Entrance Foyer, Granite Counters, Kitchen Island, Natural Woodwork, Open Floorplan, Recessed Lighting, Soaking Tub, Storage, Walk-In Closet(s)
  • Total Bedrooms: 5
  • Room: 17
  • Property Type: Residential
  • Other Equipment: Satellite Dish
  • Bedroom 3 Level: First
  • Bedroom 4 Level: Second
  • Bedroom 5 Level: Second
  • Bonus Room Level: Second
  • Great Room Level: First
  • Utility Room Level: First
  • Window Features: Bay Window(s), Triple Pane Windows, Wood Frames
  • Full Bathrooms: 4
  • Fireplace Features: Gas Log, Great Room, Living Room, Propane, Raised Hearth, Stone, Wood Burning
  • Fireplace: Yes
  • Appliances:Gas Water Heater: Yes
  • Basement:Concrete2: Yes
  • Basement:Daylight: Yes
  • Basement:Exterior Entry: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Entrance Foyer: Yes
  • Basement:Crawl Space: Yes
  • Basement:Partial: Yes
  • Fireplace Features:Wood Burning: Yes
  • Basement:Walk-Out Access: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Free-Standing Electric Range: Yes
  • Interior Features:Natural Woodwork: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Recessed Lighting: Yes
  • Appliances:Plumbed For Ice Maker: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Fireplace Features:Gas Log: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features:Storage: Yes
  • Interior Features:Soaking Tub: Yes
  • Basement:Block2: Yes
  • Interior Features:Double Closet: Yes
  • Community Features:Lake2: Yes
  • Community Features:Gated: Yes
  • Fireplace Features:Great Room2: Yes
  • Fireplace Features:Raised Hearth: Yes
  • Fireplace Features:Propane3: Yes
  • Fireplace Features:Stone6: Yes

Exterior Features

  • Roof: Shingle
  • ExteriorFeatures: Dock, Fire Pit, Other
  • Foundation Details: Block
  • FrontageType: Lakefront
  • Lot Features: Back Yard, Few Trees, Front Yard, Gentle Sloping, Landscaped, Private, Waterfront, Wooded
  • OtherStructures: Other
  • RoadFrontageType: Private Road
  • RoadSurfaceType: Unimproved, Gravel
  • Water Body Name: Silver Lake
  • Patio And Porch Features: Front Porch
  • View: Lake
  • WaterfrontFeatures: Lake, Lake Front
  • Waterfront: Yes
  • Home Warranty: No
  • Construction Type: Brick, Concrete, Wood Siding
  • Direction Faces: West
  • Property Condition: Updated/Remodeled
  • Lot Features:Back Yard2: Yes
  • Lot Features:Front Yard2: Yes
  • Patio Porch Features:Front Porch: Yes
  • Waterfront Features:Lake Front: Yes
  • Lot Features:Wooded2: Yes
  • Lot Features:Private2: Yes
  • Exterior Features:Fire Pit: Yes
  • Window Features:Bay Window(s): Yes
  • Waterfront Features:Lake3: Yes
  • Lot Features:Few Trees: Yes
  • Lot Features:Gentle Sloping: Yes
  • Lot Features:Landscaped: Yes
  • Window Features:Wood Frames: Yes
  • Lot Features:Waterfront3: Yes
  • Exterior Features:Dock: Yes
  • Exterior Features:Other16: Yes
  • Window Features:Triple Pane Windows: Yes

Garage/Parking

  • Parking Features: Attached, Direct Access, Driveway, Finished, Floor Drain, Garage Door Opener, Garage Faces Front, Inside Entrance, Shared Driveway
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features:Garage Faces Front: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Floor Drain: Yes
  • Parking Features:Finished2: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Shared Driveway: Yes
  • Parking Features:Direct Access: Yes
  • Parking Features:Inside Entrance: Yes

Utilities

  • Sewer: Septic Tank
  • Appliances: Disposal, Free-Standing Electric Range, Gas Water Heater, Microwave, Plumbed For Ice Maker, Self Cleaning Oven, Washer, Refrigerator, Dryer, Dishwasher
  • Cooling: None
  • Electric: 200+ Amp Service, Circuit Breakers
  • LaundryFeatures: Laundry Room, Main Level, Upper Level
  • SecurityFeatures: Security Gate
  • Utilities: Water Not Available, Sewer Not Available, Phone Available, High Speed Internet Available, Electricity Available, Propane
  • Water Source: Well
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes
  • Heating:Hot Water: Yes
  • Heating:Propane: Yes
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association Fee: 750.0
  • Association Fee Frequency: Annually
  • Association Name: Silver Lake Property Owners Assoc
  • Community Features: Gated, Lake
  • Association Amenities: Gated, Snow Removal
  • Association: Yes

Association/Amenities

  • Location Legal Info:Association Fee: 750.0
  • Location Legal Info:Association Name: Silver Lake Property Owners Assoc
  • Location Legal Info:Association Fee Frequency: Annually
  • Association Amenities:Snow Removal2: Yes
  • Association Amenities:Gated2: Yes

Schools

  • Junior High Dist: None

Lot Info

  • Lot Size Sq Ft: 457380.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2993.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2022
Closed on
Aug 19, 2022
Sold by
Watkins Roxanne M
Bought by
Balsbaugh Matt and Balsbaugh Lori
Seller's Agent
Mary Mardigian
RE/MAX Real Estate Professionals
Buyer's Agent
Non Member
Non Member Office
List Price
$659,900
Sold Price
$560,000
Premium/Discount to List
-$99,900
-15.14%
Views
5
Current Estimated Value
$686,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,482
Avg. Annual Appreciation
6.55%
Original Mortgage
$448,000
Outstanding Balance
$426,000
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$254,371

Purchase Details

Closed on
Aug 2, 2018
Sold by
Watkins Guy C
Bought by
Watkins Guy C and Watkins Roanne M
Source: Public Records

Range of Values:

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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
Balsbaugh Matt $560,000 --
Watkins Guy C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Balsbaugh Matt $448,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2022 08/19/22 Sold $560,000 -15.1% $155 / Sq Ft
06/26/2022 06/26/22 Pending -- -- --
06/06/2022 06/06/22 For Sale $659,900 -- $182 / Sq Ft
Source: Greater Lansing Association of Realtors®

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 $9,845 $261,400 $0 $0
2024 $2,861 $263,600 $0 $0
2023 $2,742 $232,600 $0 $0
2022 $1,617 $188,700 $0 $0
2021 $2,993 $184,600 $184,600 $0
2020 $2,932 $182,000 $182,000 $0
2019 $2,889 $171,500 $171,500 $0
2018 $2,816 $161,100 $0 $0
2017 $2,697 $162,300 $0 $0
2016 $2,433 $162,400 $0 $0
2015 -- $163,000 $0 $0
2014 -- $152,600 $0 $0
2012 -- $152,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mary Mardigian

    Seller's Agent in 2022

    Mary Mardigian

    RE/MAX Michigan

    (517) 881-7762

    33 Total Sales

    Mary Mardigian
    Section Image
  • Raeanne Mardigian

    Seller Co-Listing Agent in 2022

    Raeanne Mardigian

    RE/MAX Michigan

    (517) 230-9209

    325 Total Sales

    Raeanne Mardigian
    Section Image

  • N

    Buyer's Agent in 2022

    Non Member

    Non Member Office

See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 265627

Greater Lansing Association of Realtors®

APN: 172-007-100-001-19

Michigan Cheboygan County Indian River 49749

603 N Silver Place, Indian River, MI

This home is located at 603 N Silver Place, Indian River, MI 49749 since 06 June 2022 and is currently estimated at $686,482, approximately $189 per square foot. This property was built in 1999. 603 N Silver Place is a home located in Cheboygan County with nearby schools including Inland Lakes Elementary School and Inland Lakes Secondary 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.

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personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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