NOT LISTED FOR SALE

8724 Underwood Ridge Traverse City, MI 49686

Old Mission Peninsula Neighborhood

Estimated Value: $1,366,000 - $1,553,119

3.1 Acres
$467,647 Price per Acre
135,036 Sq Ft Lot

Last Sold July 21, 2015

Last sale price $170,000

Est. 753% increase in value since last sale

Current estimated payment $8,722/month

240 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 500 Feet of Waterfront
  • Bay View
  • Central High School Rated A-
  • Sandy Beach
  • 3.1 Acre Lot

About This Lot

As of July 2015

Over 3 acres of prime Old Mission Peninsula property. Build your dream home and bask in the sunset views and rolling countryside that has made Old Mission Peninsula a dream location. 500 feet of shared Water front access to Grand Traverse Bay. A rare find of this and location on Old Mission.

Last Agent to Sell the Property

Jack Lane

REO-TCRandolph-233022 License #6506036941 Listed on: 09/26/2014

REO-TCRandolph-233022

Last Buyer's Agent

Nicholas Tompkins

Coldwell Banker Schmidt-Kalkas License #6501361900

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $11,983

Lot Details

  • 3.1 Acre Lot
  • 500 Feet of Waterfront
  • Sandy Beach
  • Level Lot
  • The community has rules related to zoning restrictions

Property Views

  • Bay Views
  • Countryside Views

Location

  • Property is near a Great Lake

Utilities

  • Underground Utilities
  • Private or Community Septic Tank
  • Phone Available
  • Cable TV Available

Community Details

Recreation

  • Deeded Waterfront Access Rights

Additional Features

  • Underwood Farms Community
  • Common Area

Property Details

Property Type

Land

Est. Annual Taxes

$11,983

Lot Details

0

Listing Details

  • Class: Vacant Lot/Land
  • Type: Vacant Lot/Land
  • Private Shared: Shared
  • Section Number: 27
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 54838.71
  • Range: R 13W

Exterior Features

  • Body Of Water: Grand Traverse Bay
  • Exterior Features: Bay View, Countryside View
  • Number Of Acres: 3.1
  • Road: Private Owned, Blacktop
  • Water Features: Water View, Sandy Bottom, Great Lake
  • Waterfront Frontage: 500

Utilities

  • Utilities Available: Cable Tv, Natural Gas, Telephone, Underground Electric
  • Waste Available: Private Septic
  • Water Available: Municipal Water

Association/Amenities

  • Development Amenities: Community Dock, Common Area
  • Development Name: Underwood Farms

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Level
  • Lot Dimensions: irregular
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential, Site Condominium, Deed Restrictions

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2014
Closed on
Jul 10, 2015
Seller's Agent
Jack Lane
REO-TCRandolph-233022
Buyer's Agent
Nicholas Tompkins
Coldwell Banker Schmidt-Kalkas
List Price
$185,000
Sold Price
$170,000
Premium/Discount to List
-$15,000
-8.11%
Current Estimated Value
$1,449,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,279,706
Avg. Annual Appreciation
23.49%

Purchase Details

Listed on
Jul 18, 2013
Closed on
Sep 25, 2013
Seller's Agent
Janel Brown
REO-TCFront-233021
Buyer's Agent
Jack Lane
REO-TCRandolph-233022
List Price
$199,000
Sold Price
$165,000
Premium/Discount to List
-$34,000
-17.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.65%

Purchase Details

Listed on
Jul 18, 2013
Closed on
Sep 23, 2013
Seller's Agent
Janel Brown
REO-TCFront-233021
Buyer's Agent
Jack Lane
REO-TCRandolph-233022
List Price
$199,000
Sold Price
$165,000
Premium/Discount to List
-$34,000
-17.09%

Purchase Details

Closed on
Jun 25, 2001

Purchase Details

Closed on
Dec 29, 1997
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
-- $170,000 --
-- -- --
-- $165,000 --
-- $100 --
-- $50,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2015 07/21/15 Sold $170,000 -8.1% --
05/24/2015 05/24/15 Pending -- -- --
09/26/2014 09/26/14 For Sale $185,000 +12.1% --
09/23/2013 09/23/13 Sold $165,000 -17.1% --
09/17/2013 09/17/13 Pending -- -- --
07/18/2013 07/18/13 For Sale $199,000 -- --
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 $11,983 $667,200 $0 $0
2024 $7,882 $619,600 $0 $0
2023 $7,542 $231,800 $0 $0
2022 $10,796 $406,200 $0 $0
2021 $9,778 $231,800 $0 $0
2020 $4,013 $99,500 $0 $0
2019 $3,995 $89,100 $0 $0
2018 $6,322 $85,900 $0 $0
2017 -- $86,400 $0 $0
2016 -- $86,500 $0 $0
2014 -- $74,700 $0 $0
2012 -- $72,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jack Lane

    Seller's Agent in 2015

    Jack Lane

    Real Estate One

    (231) 883-7444

    17 in this area

    131 Total Sales

    Jack Lane
    Section Image

  • N

    Buyer's Agent in 2015

    Nicholas Tompkins

    Coldwell Banker Schmidt-Kalkas

  • Janel Brown

    Seller's Agent in 2013

    Janel Brown

    Real Estate One

    (231) 313-1922

    2 in this area

    198 Total Sales

    Janel Brown
    Section Image
See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1790858

Northern Great Lakes REALTORS® MLS

APN: 11-683-043-00

Michigan Grand Traverse County Traverse City 49686 Old Mission Peninsula

8724 Underwood Ridge, Traverse City, MI

This home is located at 8724 Underwood Ridge, Traverse City, MI 49686 since 26 September 2014 and is currently estimated at $1,449,706. 8724 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.

Nearby Homes