NOT LISTED FOR SALE

7983 Outer Dr S Traverse City, MI 49685

Estimated Value: $535,000 - $2,297,000

2 Beds
1 Bath
924 Sq Ft
$1,903/Sq Ft Est. Value

Last Sold March 19, 2014

Last sale price $390,000 $422 Per Sq Ft

Est. 351% increase in value since last sale

Current estimated payment $10,573/month

165 Days on Market

Highlights

  • Boathouse
  • Deeded Waterfront Access Rights
  • Sandy Beach
  • Private Waterfront
  • Private Dock
  • Wooded Lot

About This Home

As of March 2014

Generous sandy frontage on Long Lake and a private yet roomy setting are the hallmarks of this wonderful cottage. Enjoy 144' of sand-bottom frontage on Long Lake with a sandy beach as well! The cottage offers a versatile floor plan with a convenient mudroom entrance and a spacious living area with a fireplace and large windows for water views. The patio also overlooks the water and features more than enough room for entertaining. The oversized 3-car garage and boat house are ideal for extra storage. The setting is lovely with mature trees providing a buffer of privacy from the road.

Last Agent to Sell the Property

Mike Street

Coldwell Banker Schmidt Traver License #6502115027 Listed on: 09/09/2013

Coldwell Banker Schmidt Traver

Last Buyer's Agent

Porter Blattenberger

Coldwell Banker Schmidt-522 License #6501290395

Coldwell Banker Schmidt-522

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,858

Year Built

  • Built in 1940

Lot Details

  • 1.01 Acre Lot
  • Lot Dimensions are 150x305x144x253
  • Private Waterfront
  • 144 Feet of Waterfront
  • Sandy Beach
  • Level Lot
  • Cleared Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Home Design

  • Ranch Style House
  • Cottage
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 924 Sq Ft Home
  • Wood Burning Fireplace
  • Mud Room
  • Crawl Space

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Deeded Waterfront Access Rights
  • Boathouse
  • Private Dock
  • Waterfront Park
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Cable TV Available

Community Details

Overview

  • Peninsula Estates Community

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,858

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, Cottage, 1 Story
  • Estimated Year Built: 1940
  • Construction: Frame
  • Private Shared: Private
  • Section Number: 26
  • Year Updated: 2012
  • Year Renovated: 2012
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1940

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Washer, Dryer
  • Interior Amenities: Pantry, Mud Room
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 12.00x10.04, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 10.04x10.04, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Dining Room: Dimensions: 10.00xCombo, On Level: Main Floor, Flooring: Vinyl
  • Kitchen: Dimensions: Combox15.00, On Level: Main Floor, Flooring: Vinyl
  • Living Room: Dimensions: 18.00x17.00, On Level: Main Floor, Flooring: Carpet
  • Estimated Above Ground Finished Sq Ft: 924
  • Price Per Sq Ft: 422.08
  • Range: R 12W
  • Total Finished Sf Apx: 924

Exterior Features

  • Additional Buildings: Boat House
  • Body Of Water: Long Lake
  • Exterior Features: Patio
  • Exterior Finish: Vinyl
  • Foundation: Crawl Space
  • Number Of Acres: 1.01
  • Road: Association, Blacktop, Privately Maintained
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, All Sports, Private Dock, Sandy Bottom, Sandy Shoreline
  • Waterfront Frontage: 144

Garage/Parking

  • Driveway: Blacktop
  • Garage Capacity: 3
  • Primary Garage: Detached, Door Opener, Paved Driveway

Utilities

  • Fireplaces And Stoves: Fireplace(s), Wood
  • Heating Cooling Types: Forced Air
  • Laundry: On Level: Main Floor
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV
  • Water: Private Well

Association/Amenities

  • Development Amenities: Water Front Park
  • Development Name: Peninsula Estates

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Number: 8+
  • Deeded Waterfront: Yes
  • Land Features: Cleared, Wooded, Level
  • Lot Dimensions: 150x305x144x253
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2013
Closed on
Mar 19, 2014
Seller's Agent
Mike Street
Coldwell Banker Schmidt Traver
Buyer's Agent
Porter Blattenberger
Coldwell Banker Schmidt-522
List Price
$425,000
Sold Price
$390,000
Premium/Discount to List
-$35,000
-8.24%
Current Estimated Value
$1,758,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,368,653
Avg. Annual Appreciation
13.78%

Purchase Details

Closed on
Jul 7, 2008
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
-- $390,000 --
-- $487,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2014 03/19/14 Sold $390,000 -8.2% $422 / Sq Ft
02/21/2014 02/21/14 Pending -- -- --
09/09/2013 09/09/13 For Sale $425,000 -- $460 / 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 $15,858 $1,016,700 $0 $0
2024 $11,249 $834,500 $0 $0
2023 $10,764 $357,500 $0 $0
2022 $13,587 $618,500 $0 $0
2021 $7,900 $357,500 $0 $0
2020 $7,237 $295,000 $0 $0
2019 $6,733 $286,400 $0 $0
2018 $6,541 $291,700 $0 $0
2017 -- $274,400 $0 $0
2016 -- $266,700 $0 $0
2014 -- $246,700 $0 $0
2012 -- $250,580 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1776061

Northern Great Lakes REALTORS® MLS

APN: 08-255-008-00