NOT LISTED FOR SALE

90 N West Silver Lake Rd Traverse City, MI 49685

Estimated Value: $1,112,000 - $2,365,000

1.4 Acres
$1,342,866 Price per Acre
60,984 Sq Ft Lot

Last Sold September 05, 2018

Last sale price $425,000 $647 Per Sq Ft

Est. 342% increase in value since last sale

Current estimated payment $11,036/month

320 Days on Market

Highlights

  • Private Waterfront
  • Sandy Beach
  • Wooded Lot
  • Deeded Waterfront Access Rights
  • 1.4 Acre Lot

About This Lot

As of September 2018

This is Truly a Rarity! Large Wooded and Perfectly Sloped Lot On Desirable Silver Lake. You will not likely see a property of this caliber on Silver Lake in your lifetime aside from this! - Repeat ...Once in a lifetime! Sandy hard bottom frontage. 163 pristine frontage and deep lot perfect for your walk out Luxury Home Construction. Metes and bounds means you don't have pesky association rules, dues and meetings. Home on site has little or no value. Please see attached survey for the most accurate property size description.

Last Agent to Sell the Property

Fred Schmidt

Coldwell Banker Schmidt Traver License #6502123998 Listed on: 04/17/2017

Coldwell Banker Schmidt Traver

Co-Listed By

Gerry Castino

Century 21 Northland License #6501289044

Last Buyer's Agent

Fred Schmidt

Coldwell Banker Schmidt Traver License #6502123998 Listed on: 04/17/2017

Coldwell Banker Schmidt Traver

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,763

Lot Details

  • 1.4 Acre Lot
  • Lot Dimensions are 163x423x164x356
  • Private Waterfront
  • 163 Feet of Waterfront
  • Sandy Beach
  • Sloped Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Property Views

  • Water Views

Utilities

  • Well
  • Private or Community Septic Tank
  • Phone Available
  • Cable TV Available

Community Details

  • Water Sports
  • Deeded Waterfront Access Rights

Property Details

Property Type

Land

Est. Annual Taxes

$13,763

Lot Details

0

Listing Details

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

Interior Features

  • Range: R 11W

Exterior Features

  • Body Of Water: Silver Lake
  • Number Of Acres: 1.4
  • Road: Public Maintained, Blacktop
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, Water View, All Sports, Sandy Shoreline
  • Waterfront Frontage: 163

Utilities

  • Utilities Available: Cable Tv, Electric, Natural Gas, Telephone
  • Waste Available: Private Septic
  • Water Available: Private Well
  • Water Installed: Private Well

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Sloping, Hardwoods, Wooded
  • Lot Dimensions: 163x423x164x356
  • Zoning Use Restrictions: Metes And Bounds

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2017
Closed on
Sep 5, 2018
Sold by
Isles Robert A
Bought by
Heming Paul Te and Heming Katherine M
Seller's Agent
Fred Schmidt
Coldwell Banker Schmidt Traver
Buyer's Agent
Fred Schmidt
Coldwell Banker Schmidt Traver
List Price
$584,900
Sold Price
$425,000
Premium/Discount to List
-$159,900
-27.34%
Current Estimated Value
$1,880,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,455,013
Avg. Annual Appreciation
23.12%

Purchase Details

Closed on
Oct 19, 2007

Purchase Details

Closed on
Dec 3, 2002

Purchase Details

Closed on
Jul 26, 1995
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Heming Paul Te $425,000 --
-- $505,000 --
-- -- --
-- -$100 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2018 09/05/18 Sold $425,000 -5.3% $647 / Sq Ft
03/20/2018 03/20/18 Price Changed $449,000 -23.2% $683 / Sq Ft
04/17/2017 04/17/17 For Sale $584,900 -- $890 / 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 $13,763 $891,900 $0 $0
2024 $9,297 $672,200 $0 $0
2023 $8,896 $450,100 $0 $0
2022 $12,633 $481,000 $0 $0
2021 $12,215 $450,100 $0 $0
2020 $7,935 $290,000 $0 $0
2019 $7,922 $171,200 $0 $0
2018 $0 $214,100 $0 $0
2017 -- $288,500 $0 $0
2016 -- $199,200 $0 $0
2014 -- $210,000 $0 $0
2012 -- $218,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1830558

Northern Great Lakes REALTORS® MLS

APN: 05-031-026-00