3 months on rocket

940 N W Silver Lake Rd, Traverse City, MI, 49685

$825,000

Home List Price

$9,797*

Closing Credit

2 Bedrooms
2 Full Baths
1,400 SqFt
$589/SqFt
House

Location

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940 N W Silver Lake Rd, Traverse City$825,000

Buyer Closing Credits

$9,797*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingConcrete, Private, Detached, Door Opener, Paved Driveway, Concrete Floors
Garage2 spaces
Year Built1930
HeatingForced Air
CoolingDuctless
WaterfrontLake, All Sports, Waterfront, Private Dock, Sandy Bottom, Bluff, Public Lake, Sandy Shoreline
FireplaceFireplace(s), Insert, Wood
MLS #1927308
Lot Size0.21 Acres
StatusActive

About 940 N W Silver Lake Rd

Welcome Home to your Northern Michigan Lake Retreat. Whether it's just weekends or full time living, you will never tire of the Million Dollar views down the sparkling blue waters of all-sport 600 acre Silver Lake. Deep and dotted with islands, the lake is clean and the fishing is great. Your new home overlooks the best walleye hole on the lake! This updated cozy cottage will please your senses and relax your soul! As you walk out onto the lakeside private deck under the blue and white striped electric awning, you will have that up north feeling but actually you are just minutes from great restaurants and shopping. Walk down the steps to the 74 feet of sandy beach and relax on the shoreline deck flanked by a sand pit for play or dip your feet in the water off the Tri-Met dock. Listen for the loons, meet the ducks and swans as they swim by the dock. Time stands still and worries subside. This home is well maintained, maintenance free and move-in ready. Vinyl siding, metal roof and LVP flooring keep it simple. Updates include a Kinetico water system with pure R/O water for drinking, three ductless A/C units for zoned cooling, new picture windows framing the lake and Wolf composite decks and stairs. When family and friends visit there is ample parking for 7 vehicles. An open floor plan centers on the original granite fireplace and knotty pine kitchen cabinets reflect this cottage's past. It is rare for a Traverse City lake home to come to market and now you can make your own lifetime memories at Silver Lake!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch, 1 Story
  • Year Built: 1930
  • Living Area: 1,400 SqFt

Listing Office:

  • Office Name: KERMATH REALTY LLC
  • Office Phone: (734) 649-4903
  • Listing Agent: JEFF KERMATH

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Microwave, Water Softener, Washer, Dryer, Security System, Freezer, Exhaust Fan, Ceiling Fan(s), Water Purifier, Gas Water Heater
  • Interior: Cathedral Ceilings, Bay Window(s), Foyer Entrance, Walk-In Closet(s), Pantry, Workshop, Beamed Ceilings, Vaulted Ceilings, Drywall
  • Fireplace: Fireplace(s), Insert, Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Lake, All Sports, Waterfront, Private Dock, Sandy Bottom, Bluff, Public Lake, Sandy Shoreline
  • Exterior: Deck, Multi-Level Decking, Patio, Landscaped, Gutters, Vinyl

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Concrete, Private, Detached, Door Opener, Paved Driveway, Concrete Floors

Lot Features

Lot Information:

  • Lot: Bluff
  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Ductless

Other

Directions Information:

  • Directions: West on US 31, north on S. West Silver Lake Rd., Proceed to 940 N. West Silver Lake Rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $825,000
  • Price Per SqFt: $589/SqFt
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Housing Market Comparison

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

Med. Sold Price

$450K

Med. Price/SqFt

$258

Avg. Days On Market

84

# of Sold Homes

87

940 N W Silver Lake Rd vs Traverse City

94 DAYS ON ROCKET

+10 Days

$825,000

+$375K More

$589/SqFt

+$331 More

KEY TAKEAWAY

This property is $375K more than the Median Sold Price and $331/SqFt more than other homes in Traverse City, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NEBOARDMI
  • MLS Number: #1927308

Listing Office:

  • Office Name: KERMATH REALTY LLC
  • Office Phone: (734) 649-4903
  • Listing Agent: JEFF KERMATH

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: 12/22/2024, 1:20:56 PM 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 - $161,400
2020 - $104,300
2019 - $95,100
2018 - $102,400
2017 - $102,100

History based on county public records data.

Payment Calculator

$4,185

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,540

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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.

Nearby Schools

school-card-donut-981428
4
/10
  • Silver Lake Elementary School

  • 5858 Culver Rd

  • 0.37 miles

  • Public District Grades PK-5

school-card-donut-981429
3
/10
  • Blair Elementary School

  • 1625 Sawyer Rd

  • 2.74 miles

  • Public District Grades PK-5

school-card-donut-981430
5
/10
  • Long Lake Elementary School

  • 7600 N Long Lake Rd

  • 3.77 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

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

All data provided by Home Junction and Claritas

Frequently Asked Questions About 940 N W Silver Lake Rd

What is the listing price of this property?

The listing price of 940 N W Silver Lake Rd property is $825,000.

What type of property is this?

The property 940 N W Silver Lake Rd is a house located in Traverse City, Michigan, 49685.

Is this property for sale now?

Active Listing: 940 N W Silver Lake Rd is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 940 N W Silver Lake Rd has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 940 N W Silver Lake Rd is 1,400 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 940 N W Silver Lake Rd is 1930.

Rocket Homes›Michigan›Grand Traverse County›Traverse City›49685›940 N W Silver Lake Rd

This home is located at 940 N W Silver Lake Rd in Traverse City, MI and zip code 49685. This 1,400 square foot home, which was built in 1930, sits on a 0.21 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 19, 2024 and is currently priced at $825,000.

While more than 8 listings in Traverse City, MI in November 2024 were sold above asking price, there were more than 20 listings sold at asking price, and more than 54 were sold below. In November 2024 in Traverse City, MI there were 8.3% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $450,000, while the average time on the real estate market was 84 days.

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

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