NOT LISTED FOR SALE

7492 S Lakeview Rd Traverse City, MI 49684

Estimated Value: $950,000 - $1,473,768

2 Beds
1.5 Baths
1,248 Sq Ft
$956/Sq Ft Est. Value

Last Sold August 24, 2021

Last sale price $1,050,000 $841 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $8,190/month

40 Days on Market

Highlights

  • Boathouse
  • Deeded Waterfront Access Rights
  • Bluff on Lot
  • Private Waterfront
  • Sandy Beach
  • Wooded Lot

About This Home

As of August 2021

Exceptionally deep 5.09+ acre wooded parcel offering 293’ of desirable western facing private water frontage on South Lake Leelanau! This unique opportunity includes an existing 1,248 sq ft, 2 bedroom & 1.5 bath cottage at the water’s edge sitting above a two-stall boathouse! Use the current boathouse as a vacation property while planning the construction of your Leelanau County dream home on this hard to find estate sized parcel just 10 miles from Downtown Traverse City! Very quiet and peaceful location set back from the roadway, survey and permit for a future 5 bedroom replacement drainfield on file.

Last Agent to Sell the Property

Victoria Oltersdorf

OLTERSDORF REALTY, LLC License #6502340603 Listed on: 07/02/2021

Last Buyer's Agent

Erica Mohr

REO-TCRandolph-233022 License #6501388991

REO-TCRandolph-233022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,463

Year Built

  • Built in 1951

Lot Details

  • 5.09 Acre Lot
  • Private Waterfront
  • 293 Feet of Waterfront
  • Property fronts an easement
  • Sandy Beach
  • Bluff on Lot
  • Cleared Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Property Views

  • Water Views
  • Countryside Views

Home Design

  • Cottage
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,248 Sq Ft Home
  • 1.5-Story Property
  • Wood Burning Fireplace
  • Mud Room
  • Oven or Range
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • Gravel Driveway
  • Shared Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Boathouse
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • Gittleman Heights & M&B Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,463

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 1.5 Story, Cottage
  • Estimated Year Built: 1951
  • Construction: Frame
  • Private Shared: Private
  • Section Number: 36
  • Univs Design Barrier Free: Main Floor Access
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1951

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Electric Water Heater
  • Interior Amenities: Mud Room
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 10.05x12.03, On Level: Upper Floor, Flooring: Wood
  • Bedroom 2: Dimensions: 9.06x11.03, On Level: Upper Floor, Flooring: Wood
  • Total Bathrooms: 1.5
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Floor Primary: No
  • Dining Room: Dimensions: 14.01x11.01, On Level: Main Floor, Flooring: Wood
  • Kitchen: Dimensions: 9.05x13.04, On Level: Main Floor, Flooring: Vinyl
  • Living Room: Dimensions: 15.03x23.00, On Level: Main Floor, Flooring: Wood
  • Estimated Above Ground Finished Sq Ft: 1248
  • Price Per Sq Ft: 841.35
  • Range: R 12W
  • Total Finished Sf Apx: 1248

Exterior Features

  • Additional Buildings: Boat House
  • Body Of Water: South Lake Leelanau
  • Exterior Features: Countryside View, Covered Porch
  • Exterior Finish: Wood
  • Foundation: Block, Unfinished
  • Number Of Acres: 5.09
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Water View, Rocky Shoreline, Sandy Bottom, Gradual Slope to Water, Bluff (less than 10ft), Vegetation to Water Edge, Sandy Shoreline
  • Waterfront Frontage: 293

Garage/Parking

  • Driveway: Gravel, Dirt, Easement, Shared

Utilities

  • Fireplaces And Stoves: Fireplace(s), Wood
  • Heating Cooling Types: Forced Air
  • Laundry: On Level: None
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Private Well

Association/Amenities

  • Development Name: Gittleman Heights & M&B

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Number: 14&M&B
  • Deeded Waterfront: Yes
  • Land Features: Wooded-Hardwoods, Cleared, Wooded, Some Lowland Areas
  • Lot Dimensions: See Survey
  • Mineral Rights: Unknown
  • Parcel Description: Metes and Bounds, Subdivision
  • Zoning Use Restrictions: Residential, Outbuildings Allowed

MLS Schools

  • School District: Traverse City Area Public Schools

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2021 08/24/21 Sold $1,050,000 -4.5% $841 / Sq Ft
07/29/2021 07/29/21 Price Changed $1,100,000 -7.5% $881 / Sq Ft
07/14/2021 07/14/21 Price Changed $1,189,000 -4.9% $953 / Sq Ft
07/02/2021 07/02/21 For Sale $1,250,000 +66.7% $1,002 / Sq Ft
12/16/2020 12/16/20 Sold $750,000 -24.6% $601 / Sq Ft
07/30/2020 07/30/20 Price Changed $995,000 -16.7% $797 / Sq Ft
05/20/2020 05/20/20 For Sale $1,195,000 -- $958 / 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 $20,463 $662,200 $0 $0
2024 $17,512 $656,300 $0 $0
2023 $16,662 $579,600 $0 $0
2022 $18,301 $493,500 $0 $0
2021 -- $419,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Victoria Oltersdorf

    Seller's Agent in 2021

    Victoria Oltersdorf

    OLTERSDORF REALTY, LLC

    (231) 271-7777

    108 Total Sales

    Victoria Oltersdorf
    Section Image
  • Erica Mohr

    Buyer's Agent in 2021

    Erica Mohr

    Real Estate One

    (231) 499-5558

    131 Total Sales

    Erica Mohr
    Section Image
  • Tim Schaub

    Seller's Agent in 2020

    Tim Schaub

    Schaub Team Premier Realty

    (231) 883-3545

    145 Total Sales

    Tim Schaub
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1889779

Northern Great Lakes REALTORS® MLS

APN: 001-136-009-01

Michigan Leelanau County Traverse City 49684

7492 S Lakeview Rd, Traverse City, MI

This home is located at 7492 S Lakeview Rd, Traverse City, MI 49684 since 02 July 2021 and is currently estimated at $1,192,589, approximately $955 per square foot. This property was built in 1951. 7492 S Lakeview Rd is a home located in Leelanau County with nearby schools including Suttons Bay Elementary School and Suttons Bay Senior 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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