NOT LISTED FOR SALE

6281 Boone Rd Traverse City, MI 49685

Estimated Value: $494,000 - $636,865

7 Beds
4 Baths
3,312 Sq Ft
$171/Sq Ft Est. Value

Last Sold August 08, 2014

Last sale price $242,000 $73 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $3,490/month

423 Days on Market

Highlights

  • Countryside Views
  • Baseboard Heating
  • Heating System Uses Steam
  • Zoned Heating and Cooling

About This Home

As of August 2014

Traverse City West side income property. This 4 plex in the silver lake area has three 2 bed 1 bath units and one 1 bed 1 bath unit. Rent includes garbage, heat, and outdoor maintenance. The building has coin operated laundry. Vinyl siding and new windows. Home sits on 1.10 acres with a country view.

Last Agent to Sell the Property

Ken Kleinrichert

@properties Christie's Int'l License #6506042006 Listed on: 05/01/2013

Last Buyer's Agent

Mark Hagan

Coldwell Banker Schmidt Traver License #6506006708

Coldwell Banker Schmidt Traver

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,942

Year Built

  • Built in 1980

Lot Details

  • 1.1 Acre Lot
  • Lot Dimensions are 150x320
  • The community has rules related to zoning restrictions

Home Design

  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,312 Sq Ft Home
  • 2-Story Property
  • Countryside Views
  • Walk-Out Basement
  • Oven or Range

Parking

  • Over 1 Space Per Unit
  • Paved Parking

Utilities

  • Zoned Heating and Cooling
  • Baseboard Heating
  • Heating System Uses Steam
  • Well
  • Cable TV Available

Community Details

  • 4 Units
  • Lincoln Downs Community

Listing and Financial Details

  • Rent includes liability insurance, exterior maintenance, trash removal, snow removal, water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,942

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: 4 - Plex
  • Style: 2 Story
  • Estimated Year Built: 1980
  • Construction: Frame
  • Section Number: 25
  • Year Updated: 2000
  • Year Renovated: 2000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1980

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range
  • Price Per Sq Ft: 73.07
  • Range: R 12W
  • Total Finished Sf Apx: 3312

Exterior Features

  • Exterior Features: Sidewalk, Countryside View
  • Exterior Finish: Vinyl Siding
  • Foundation: Walkout, Finished Rooms
  • Number Of Acres: 1.1
  • Roof: Asphalt

Garage/Parking

  • Primary Garage: Over 1 Space Per Unit, Paved Driveway

Utilities

  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable Tv
  • Water: Private Well
  • Heating Cooling Type: Hot Water, Baseboard, Zoned/Dual, Steam

Association/Amenities

  • Development Name: Lincoln Downs

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Number: 2
  • Lot Dimensions: 150x320
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential

Rental Info

  • Included In Lease: Liability Insurance, Exterior Maintenance, Trash Removal, Snow Removal, Water, Sewer

Multi Family

  • Total Number Units: 4

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2013
Closed on
Aug 7, 2014
Seller's Agent
Ken Kleinrichert
@properties Christie's Int'l
Buyer's Agent
Mark Hagan
Coldwell Banker Schmidt Traver
List Price
$280,000
Sold Price
$242,000
Premium/Discount to List
-$38,000
-13.57%
Current Estimated Value
$565,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$323,966
Avg. Annual Appreciation
7.56%

Purchase Details

Closed on
Jun 28, 2002

Purchase Details

Closed on
Apr 3, 2000
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
-- $242,000 --
-- $225,000 --
-- $207,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2014 08/08/14 Sold $242,000 -13.6% $73 / Sq Ft
06/28/2014 06/28/14 Pending -- -- --
05/01/2013 05/01/13 For Sale $280,000 -- $85 / 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 $4,942 $219,600 $0 $0
2024 $4,099 $203,500 $0 $0
2023 $3,913 $152,200 $0 $0
2022 $4,473 $156,500 $0 $0
2021 $4,346 $152,200 $0 $0
2020 $4,303 $139,700 $0 $0
2019 $4,093 $112,500 $0 $0
2018 $3,986 $107,600 $0 $0
2017 -- $112,700 $0 $0
2016 -- $100,200 $0 $0
2014 -- $83,900 $0 $0
2012 -- $72,910 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1744787

Northern Great Lakes REALTORS® MLS

APN: 08-210-002-00