NOT LISTED FOR SALE

955 Tranquil Point Rd Unit 7 Traverse City, MI 49696

Estimated Value: $1,022,000 - $1,803,839

0.66 Acre
$1,963,555 Price per Acre
28,750 Sq Ft Lot

Last Sold September 07, 2018

Last sale price $220,000

Est. 489% increase in value since last sale

Current estimated payment $8,649/month

108 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • High Speed Internet
  • Courtade Elementary School Rated A-
  • Wooded Lot
  • Satellite Dish

About This Lot

As of September 2018

327' of peaceful, private, Rennie Lake frontage compliments this prime 0.66 acre parcel. The topography, nicely-wooded setting and lake views provide an ideal building site for your future home. Conveniently located approximately 13 miles to downtown Traverse City, and also close to 1000's of acres of State Land for 4-season recreation. This tranquil and heavily-wooded development of Rennie Lake Shores features paved roads, underground utilities and smart restrictions that add to and preserve the value of this exceptional waterfront property.

Last Agent to Sell the Property

Mark Hagan

Coldwell Banker Schmidt Traver License #6506006708 Listed on: 05/22/2018

Coldwell Banker Schmidt Traver

Last Buyer's Agent

Matthew Dakoske

REMAX Bayshore - Union St TC License #6501148333

REMAX Bayshore - Union St TC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $22,224

Lot Details

  • 0.66 Acre Lot
  • Private Waterfront
  • 327 Feet of Waterfront
  • Level Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

Property Views

  • Water Views
  • Countryside Views

Utilities

  • Underground Utilities
  • Well
  • Private or Community Septic Tank
  • High Speed Internet
  • Phone Available
  • Satellite Dish

Community Details

Overview

  • Rennie Lake Shores Community

Recreation

  • Water Sports
  • Deeded Waterfront Access Rights

Property Details

Property Type

Land

Est. Annual Taxes

$22,224

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 10W

Exterior Features

  • Body Of Water: Rennie Lake
  • Exterior Features: Countryside View
  • Lake Size: 238 acres
  • Number Of Acres: 0.66
  • Road: Private Owned, Shared, Blacktop, Privately Maintained
  • Water Features: Priv Frontage (Wtr Side), Inland Lake, Water View, All Sports, Soft Bottom, Gradual Slope To Water, Vegetation To Water Edge
  • Waterfront Frontage: 327

Utilities

  • Utilities Available: Dsl, Dish Tv, Telephone, Underground Electric
  • Waste Available: Private Septic
  • Water Available: Private Well

Association/Amenities

  • Development Name: Rennie Lake Shores

Lot Info

  • Lot Number: 7
  • Deeded Waterfront: Yes
  • Land Features: Level, Rolling, Sloping, Hardwoods, Wooded, Evergreens
  • Lot Dimensions: irregular
  • Zoning Use Restrictions: Residential, Site Condominium, Deed Restrictions, Bldg & Use Restrictions

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2018
Closed on
Sep 7, 2018
Sold by
Rennie Lake Shores Llc
Bought by
Gallivan Scott
Seller's Agent
Mark Hagan
Coldwell Banker Schmidt Traver
Buyer's Agent
Matthew Dakoske
REMAX Bayshore - Union St TC
List Price
$244,900
Sold Price
$220,000
Premium/Discount to List
-$24,900
-10.17%
Current Estimated Value
$1,295,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,075,946
Avg. Annual Appreciation
28.19%
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
Gallivan Scott $220,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2018 09/11/18 Off Market $220,000 -- --
09/08/2018 09/08/18 Pending -- -- --
09/07/2018 09/07/18 Sold $220,000 -10.2% --
05/22/2018 05/22/18 For Sale $244,900 -- --
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 $22,224 $792,200 $0 $0
2024 $17,868 $737,300 $0 $0
2023 $17,058 $382,500 $0 $0
2022 $20,021 $448,500 $0 $0
2021 $16,696 $382,500 $0 $0
2020 $6,571 $147,800 $0 $0
2019 $3,909 $86,700 $0 $0
2018 $995 $86,700 $0 $0
2017 -- $86,700 $0 $0
2016 -- $86,700 $0 $0
2014 -- $86,700 $0 $0
2012 -- $86,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Hagan

    Seller's Agent in 2018

    Mark Hagan

    Coldwell Banker Schmidt Traver

    (231) 929-7985

    34 in this area

    378 Total Sales

    Mark Hagan
    Section Image
  • Matthew Dakoske

    Buyer's Agent in 2018

    Matthew Dakoske

    RE/MAX Michigan

    (231) 590-7722

    53 in this area

    742 Total Sales

    Matthew Dakoske
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1846979

Northern Great Lakes REALTORS® MLS

APN: 03-694-007-00

Michigan Grand Traverse County Traverse City 49696

955 Tranquil Point Rd Unit 7, Traverse City, MI

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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