2 months on rocket

5179 Silver Shores Ln, Traverse City, MI, 49685

$399,900

Home List Price

$4,749*

Closing Credit

3 Bedrooms
1 Full Bath
864 SqFt
$463/SqFt
House

Location

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5179 Silver Shores Ln, Traverse City$399,900

Buyer Closing Credits

$4,749*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGravel, Private, None
Year Built1978
HeatingForced Air
WaterfrontLake, All Sports, Waterfront, Sandy Bottom, Sandy Shoreline
FireplaceNone
MLS #1926759
Lot Size0.29 Acres
StatusActive

About 5179 Silver Shores Ln

This adorable year-round cottage offers 181’ of shared waterfront on Silver Lake, shared by only seven other homeowners. Whether you're looking for a peaceful summer getaway or a smart investment, this property is a fantastic opportunity. One of the larger cottages in this small community, this unit features three bedrooms, a full bathroom, and the convenience of an in-unit washer and dryer. Almost all other units only have two bedrooms and shared laundry. The property includes a crawl space for extra storage and your own designated space in the shared garage. The community amenities truly set this property apart. Enjoy access to a gazebo, a fire pit, and a play area perfect for the kids. Plus, this cottage has a proven track record as a successful short-term rental, making it a turn-key investment. It’s being sold fully furnished, including two kayaks. The washer/dryer unit and kitchen counter top were replaced in 2023. Whether you're looking for a tranquil summer retreat or a promising rental property, this cottage is ready to welcome you.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch, 1 Story
  • Year Built: 1978
  • Living Area: 864 SqFt

Listing Office:

  • Office Name: CENTURY 21 Northland
  • Office Phone: (231) 620-3395
  • Listing Agent: Connie Kroll

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Microwave, Washer, Dryer, Ceiling Fan(s)
  • Interior: Other, Solid Surface Counters
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Lake, All Sports, Waterfront, Sandy Bottom, Sandy Shoreline
  • Exterior: Patio, Vinyl

Parking Information:

  • Attached Garage: No
  • Parking: Gravel, Private, None

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.29 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

School Info

Assigned Schools Information:

  • West Senior High School, Public District Grades 9-12
  • West Middle School, Public District Grades 6-8
  • East Middle School, Public District Grades 6-8
  • Tcaps Montessori School, Public District Grades PK-6

Other

Directions Information:

  • Directions: East on Silver Lake Road- Silver Shores Lane is located on the right, south of Silver Pines Dr. Turn right onto Silver Shores Lane - cottage is on the left, second unit from the lake. No sign.

Price Information

Listing Price Info

Price Summary:

  • List Price: $399,900
  • Price Per SqFt: $463/SqFt
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Housing Market Comparison

See how this home compares to others in Traverse City, MI.

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Traverse City, MI

City

Med. Sold Price

$446.7K

Med. Price/SqFt

$255

Avg. Days On Market

73

# of Sold Homes

88

5179 Silver Shores Ln vs Traverse City

62 DAYS ON ROCKET

-11 Days

$399,900

-$46.8K Less

$463/SqFt

+$207 More

KEY TAKEAWAY

This property is $46.8K less than the Median Sold Price and $207/SqFt more than other homes in Traverse City, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: TAAR
  • MLS Number: #1926759

Listing Office:

  • Office Name: CENTURY 21 Northland
  • Office Phone: (231) 620-3395
  • Listing Agent: Connie Kroll

Copyright © 2024 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 6:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021 - $77,000
2020 - $71,000
2019 - $57,300
2018 - $64,200
2017 - $61,400

History based on county public records data.

Payment Calculator

$2,063

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,265

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1935680
9
/10

  • Tcaps Montessori School

  • 1009 S Oak St

  • 4.27 miles

  • Public District Grades PK-6

Middle School

school-card-donut-1935681
7
/10

  • West Middle School

  • 3950 Silver Lake Rd

  • 3.00 miles

  • Public District Grades 6-8

school-card-donut-1935682
6
/10

  • East Middle School

  • 1776 3 Mile Rd N

  • 6.10 miles

  • Public District Grades 6-8

High School

school-card-donut-1935683
8
/10

  • West Senior High School

  • 5376 N Long Lake Rd

  • 3.10 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,961. The most common annual income of people living in Traverse City, MI is between $35k-100k. Typical family type is married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5179 Silver Shores Ln

What is the listing price of this property?

The listing price of 5179 Silver Shores Ln property is $399,900.

What type of property is this?

The property 5179 Silver Shores Ln is a house located in Traverse City, Michigan, 49685.

Is this property for sale now?

Active Listing: 5179 Silver Shores Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5179 Silver Shores Ln are:
Tcaps Montessori School: GreatSchools Rating 9/10
West Middle School: GreatSchools Rating 7/10
East Middle School: GreatSchools Rating 6/10
West Senior High School: GreatSchools Rating 8/10

How many bedrooms and bathrooms does this property have?

The property at 5179 Silver Shores Ln has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5179 Silver Shores Ln is 864 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5179 Silver Shores Ln is 1978.

Rocket Homes›Michigan›Grand Traverse County›Traverse City›49685›5179 Silver Shores Ln

This home is located at 5179 Silver Shores Ln in Traverse City, MI and zip code 49685. This 864 square foot home, which was built in 1978, sits on a 0.29 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 03, 2024 and is currently priced at $399,900.

In October 2024 more than 19 listings in Traverse City, MI were sold above the asking price. During the same period more than 23 listings were sold at asking price, while more than 41 were sold below. Between September 2024 and October 2024, Traverse City, MI real estate market has seen increase in the number of listings by 5.3%. The median list price of listings available in October 2024 was $446,781, while the average time on the real estate market was 73 days.

From Rocket Homes Real Estate and based on county public records data.

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