NOT LISTED FOR SALE

618 Lake Ave Traverse City, MI 49684

Old Town Neighborhood

Estimated Value: $466,000 - $580,000

2 Beds
2 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold November 06, 2012

Last sale price $46,500

Est. 998% increase in value since last sale

Current estimated payment $3,203/month

6 Days on Market

About This Home

As of November 2012

Be the only one of your friends to own a pole barn right in town! A great opportunity to own a "blank slate" right in town with a place for your RV and the rest of your toys. Property value is in the 30 x 40 pole barn, large lot and location. The existing house is a tear-down and MUST be removed per city orders. House CAN NOT be entered and CAN NOT be repaired. It must be removed by the Buyer in accordance with the City Code enforcement officer.

Last Agent to Sell the Property

Paula Erickson

Krause Realty Solutions License #6506044806 Listed on: 10/23/2012

Co-Listed By

Erik Davidek

Coldwell Banker Schmidt Traver License #6501372169

Last Buyer's Agent

Janel Brown

REO-TCFront-233021 License #6501287459

REO-TCFront-233021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,594

Year Built

  • Built in 1895

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 55x146
  • The community has rules related to zoning restrictions

Additional Features

  • 2-Story Property
  • Pole Barn

Community Details

  • Hannah Lay & Cos 1St Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,594

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story
  • Estimated Year Built: 1895
  • Section Number: 3
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1895

Exterior Features

  • Additional Buildings: Pole Building(s)
  • Number Of Acres: 0.18
  • Road: Shared

Utilities

  • Sewer: Municipal
  • Water: Municipal

Association/Amenities

  • Development Name: Hannah Lay & Cos 1st

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Number: 4
  • Lot Dimensions: 55x146
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential, Unknown

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2014
Current Estimated Value
$510,600

Purchase Details

Closed on
Sep 13, 2013

Purchase Details

Closed on
Mar 7, 2013

Purchase Details

Listed on
Oct 23, 2012
Closed on
Nov 19, 2012
Seller's Agent
Paula Erickson
Krause Realty Solutions
Buyer's Agent
Janel Brown
REO-TCFront-233021
List Price
$50,000
Sold Price
$46,500
Premium/Discount to List
-$3,500
-7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.99%

Purchase Details

Listed on
Oct 23, 2012
Closed on
Nov 6, 2012
Seller's Agent
Paula Erickson
Krause Realty Solutions
Buyer's Agent
Janel Brown
REO-TCFront-233021
List Price
$50,000
Sold Price
$46,500
Premium/Discount to List
-$3,500
-7%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
-- -- --
-- -- --
-- $193,500 --
-- -- --
-- $46,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2012 11/06/12 Sold $46,500 -7.0% --
10/29/2012 10/29/12 Pending -- -- --
10/23/2012 10/23/12 For Sale $50,000 -- --
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 $4,594 $227,100 $0 $0
2024 $4,075 $210,700 $0 $0
2023 $3,791 $156,800 $0 $0
2022 $4,080 $163,100 $0 $0
2021 $3,997 $156,800 $0 $0
2020 $3,959 $147,400 $0 $0
2019 $3,945 $136,100 $0 $0
2018 $3,864 $125,500 $0 $0
2017 -- $120,500 $0 $0
2016 -- $111,500 $0 $0
2014 -- $96,900 $0 $0
2012 -- $86,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Paula Erickson

    Seller's Agent in 2012

    Paula Erickson

    Krause Realty Solutions

    (231) 313-7114

    33 Total Sales

    Section Image

  • E

    Seller Co-Listing Agent in 2012

    Erik Davidek

    Coldwell Banker Schmidt Traver

  • Janel Brown

    Buyer's Agent in 2012

    Janel Brown

    Real Estate One

    (231) 313-1922

    198 Total Sales

    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1740391

Northern Great Lakes REALTORS® MLS

APN: 51-618-212-00

Michigan Grand Traverse County Traverse City 49684 Old Town

618 Lake Ave, Traverse City, MI

This home is located at 618 Lake Ave, Traverse City, MI 49684 since 23 October 2012 and is currently estimated at $523,825. This property was built in 1895. 618 Lake Ave is a home located in Grand Traverse County with nearby schools including Central Grade School, East Middle School, and Central High 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.

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 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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