NOT LISTED FOR SALE

8495 Underwood Ridge Traverse City, MI 49686

Old Mission Peninsula Neighborhood

Estimated Value: $1,758,000 - $3,086,000

5 Beds
3.5 Baths
5,207 Sq Ft
$467/Sq Ft Est. Value

Last Sold May 26, 2016

Last sale price $1,225,000 $235 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $15,000/month

348 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 100 Feet of Waterfront
  • Sandy Beach
  • Central High School Rated A-
  • Private Dock
  • In Ground Pool

About This Home

As of May 2016

Home & property will exceed your expectations! Beautiful seclusion & breath-taking views of West Bay plus 110’ shared frontage w/in Underwood Farms. Discriminating design & craftsmanship create a home for families to delight in for generations. Situated on 5.5 acres amenities include DOCK AND AN OPPORTUNITY FOR SHORE STATION, covered porch, gracious entry, 5 bedrooms, 3.5 baths, salt water pool, media room, year-round sunroom, living & dining rooms, over-sized "chef caliber" island kitchen, mudroom & laundry you won’t believe complete w/ doggy bath. Upstairs marvel at the oversized open loft/den/office off which are a luxurious master suite, two guest rooms & bath. 3-car heated garage, pool house, & basketball court add to the wonder of this property. W/O lower level boasts radiant heated tile floors, “guest” kitchen, carpeted family room, F/P, two lg. bedrooms, bath w/ walk-in shower & addl. steam shower. This level flows easily to poolside, patios, hot tub & fenced yard…where your privacy is secure. And still so much more…

Last Agent to Sell the Property

Alice Shirley

REO-TCRandolph-233022 License #6501201782 Listed on: 04/15/2015

REO-TCRandolph-233022

Last Buyer's Agent

Michael Sims

Wentworth Real Estate Group License #6501389139

Wentworth Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,714

Year Built

  • Built in 2002

Lot Details

  • 5.45 Acre Lot
  • Lot Dimensions are 718x345x665x220
  • 100 Feet of Waterfront
  • Sandy Beach
  • Kennel or Dog Run
  • Fenced Yard
  • Property has an invisible fence for dogs
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Cleared Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

HOA Fees

  • $62 Monthly HOA Fees

Property Views

  • Bay Views
  • Countryside Views

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 5,207 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Formal Dining Room
  • Den
  • Loft
  • Game Room
  • Solarium
  • Home Gym
  • Radiant Floor
  • Home Security System

Kitchen

  • Oven or Range
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Granite Bathroom Countertops
  • Jetted Tub in Primary Bathroom

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Car Attached Garage
  • Circular Driveway

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Deeded Waterfront Access Rights
  • Private Dock
  • Tiered Deck
  • Patio
  • Porch

Location

  • Property is near a Great Lake

Schools

  • Old Mission Peninsula Elementary School
  • Traverse City East Middle School
  • Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Water Softener is Owned
  • Cable TV Available

Community Details

  • Underwood Farms Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,714

Year Built

Built in 2002

Lot Details

0

HOA Fees

$62 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story, Contemporary
  • Estimated Year Built: 2002
  • Construction: Frame, Timber Frame
  • Principal Residence: Yes
  • Private Shared: Shared
  • Qtr Section: SW
  • Section Number: 19
  • Univs Design Barrier Free: Extra Wide Hallways, Main Floor Access, Covered Entrance, Roll-In Shower, Low Threshold Shower
  • Year Updated: 2009
  • Year Renovated: 2014
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2002

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Water Softener Owned, Washer, Dryer, Security System, Hot Tub, Wall Oven, Cook Top, Blinds, Ceiling Fan, Smoke Alarms(s)
  • Interior Amenities: Jetted Tub, Cathedral Ceilings, Foyer Entrance, Walk-In Closet(s), Wet Bar, Pantry, Solarium/Sun Room, Loft, Granite Bath Tops, Granite Kitchen Tops, Island Kitchen, Mud Room, Formal Dining Room, Den/Study, Exercise Room, Game Room, Vaulted Ceilings
  • Bedrooms: 5
  • Bedroom 1: Dimensions: 17.8x15, On Level: Upper Floor, Flooring: Wood
  • Bedroom 2: Dimensions: 17.5x14.8, On Level: Upper Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 13.5x13.1, Flooring: Carpet
  • Bedroom 4: Dimensions: 18x15, On Level: Lower Floor, Flooring: Carpet
  • Total Bathrooms: 3.5
  • Primary Bathroom: Private
  • Number of Lower Level Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Dining Room: Dimensions: 15.7x15, On Level: Main Floor, Flooring: Wood
  • Family Room: Dimensions: 31.9x19.8, On Level: Lower Floor, Flooring: Carpet
  • Kitchen: Dimensions: 19.5x18.9, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 19.8x17.5, On Level: Main Floor, Flooring: Carpet
  • Other Room: Dimensions: 15x18, On Level: Main Floor, Flooring: Carpet
  • Estimated Above Ground Finished Sq Ft: 3776
  • Estimated Below Grade Finished Sq Ft: 1431
  • Estimated Below Grade Unfinished Sq Ft: 400
  • Price Per Sq Ft: 235.26
  • Range: R 10W
  • Total Finished Sf Apx: 5207

Exterior Features

  • Body Of Water: West Bay
  • Exterior Features: Bay View, Sprinkler System, In Ground Pool, Deck, Multi-Level Decking, Patio, Fenced Yard, Countryside View, Invisible Pet Fencing, Kennel, Landscaped, Porch, Dog Pen
  • Exterior Finish: Stone, Wood
  • Foundation: Full, Walkout, Block, Entrance Outside, Finished Rooms, Full Finished, Entrance Inside
  • Number Of Acres: 5.45
  • Road: Private Owned, Association, Blacktop, Privately Maintained
  • Roof: Asphalt
  • Water Features: Private Dock, Rocky Shoreline, Sandy Bottom, Gradual Slope to Water, Deeded Easement, Great Lake, Sandy Shoreline
  • Waterfront Frontage: 100

Garage/Parking

  • Driveway: Blacktop, Circular, Private
  • Garage Capacity: 3
  • Primary Garage: Attached, Paved Driveway, Concrete Floors

Utilities

  • Fireplaces And Stoves: Fireplace(s), Gas
  • Heating Cooling Types: Forced Air, Central Air, Humidifier, Radiant Floor, Electric Air Cleaner
  • Laundry: Dimensions: 24x10
  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable TV, Cable Internet, WiFi
  • Water: Municipal

Condo/Co-op/Association

  • Annual Association Fees: 744

Association/Amenities

  • Development Amenities: Pets Allowed
  • Development Name: Underwood Farms

Schools

  • School District: Traverse City Area Public Schools
  • Elementary School: Old Mission Peninsula School
  • Middle School: Traverse City East Middle School
  • High School: Central High School

Lot Info

  • Percent Open: 75
  • Deeded Waterfront: Yes
  • Land Features: Wooded-Hardwoods, Previously Farmed, Cleared, Evergreens, Level, Sloping
  • Lot Dimensions: 718x345x665x220
  • Mineral Rights: Unknown
  • Parcel Description: Metes and Bounds
  • Percent Wooded: 25
  • Zoning Use Restrictions: Residential

Tax Info

  • Summer Taxes: 10186.96
  • Taxable Value: 550077
  • Winter Taxes: 4866.07
  • Year Summer: 2014
  • Year Winter: 15053

MLS Schools

  • Elementary School: Old Mission Peninsula School
  • HighSchool: Central High School
  • School District: Traverse City Area Public Schools
  • Middle School: Traverse City East Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2015
Closed on
May 25, 2016
Seller's Agent
Alice Shirley
REO-TCRandolph-233022
Buyer's Agent
Michael Sims
Wentworth Real Estate Group
List Price
$1,340,000
Sold Price
$1,225,000
Premium/Discount to List
-$115,000
-8.58%
Current Estimated Value
$2,429,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,204,581
Avg. Annual Appreciation
7.68%

Purchase Details

Closed on
Apr 8, 2014

Purchase Details

Closed on
May 18, 2011

Purchase Details

Closed on
Feb 24, 2011

Purchase Details

Closed on
May 31, 2002

Purchase Details

Closed on
Jan 3, 2002

Purchase Details

Closed on
Sep 3, 1999
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
-- $1,225,000 --
-- -- --
-- $1,060,000 --
-- -- --
-- -- --
-- $150,000 --
-- $150,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2016 05/26/16 Sold $1,225,000 -8.6% $235 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
04/15/2015 04/15/15 For Sale $1,340,000 -- $257 / 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 $20,714 $1,214,300 $0 $0
2024 $13,625 $1,200,700 $0 $0
2023 $13,038 $682,300 $0 $0
2022 $18,663 $674,700 $0 $0
2021 $18,079 $682,300 $0 $0
2020 $17,312 $684,600 $0 $0
2019 $15,705 $572,700 $0 $0
2018 $21,628 $578,700 $0 $0
2017 -- $563,400 $0 $0
2016 -- $587,900 $0 $0
2014 -- $548,200 $0 $0
2012 -- $520,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Alice Shirley

    Real Estate One

    Section Image

  • M

    Buyer's Agent in 2016

    Michael Sims

    Wentworth Real Estate Group

    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1797652

Northern Great Lakes REALTORS® MLS

APN: 11-019-004-01

Michigan Grand Traverse County Traverse City 49686 Old Mission Peninsula

8495 Underwood Ridge, Traverse City, MI

This home is located at 8495 Underwood Ridge, Traverse City, MI 49686 since 15 April 2015 and is currently estimated at $2,429,581, approximately $466 per square foot. This property was built in 2002. 8495 Underwood Ridge is a home located in Grand Traverse County with nearby schools including 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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