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  • $325,000

    5157 Highland Dr, Traverse City, MI 49685

    2beds
    1,056sqft
    Single Family Residence
    Built in 1969
    0.35 Acres Lot
    $324,700 Zestimate®
    $308/sqft
    $2,008 Estimated rent

    Home value

    $324,700

    $302,000 - $351,000

    $2,008/mo

    Zestimate® history
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    What's special

    Chain-link fenced yardBonfire pitStorage shedUpdated showerPaver patioWoodstove fireplace insertRefinished kitchen cabinets
    Life is better at the lake! Delight in everything that beautiful Silver Lake, a 600-acre all-sports lake, has to offer with a pocket-sized beach conveniently located directly across the street and the public boat launch right around the corner! Whether your perfect day includes boating, fishing, kayaking, tubing, or simply relaxing by the water, this property offers an affordable opportunity to embrace the Northern Michigan lifestyle. This charming 2 bed, 1-1/2 bath ranch has been thoughtfully updated and is move-in ready! Featuring new flooring throughout, updated shower, paint, refinished kitchen cabinets, a woodstove fireplace insert and more. Outside, enjoy a paver patio, storage shed, chain-link fenced yard, bonfire pit, and plenty of room for entertaining after a day on the lake. Located 15 minutes from downtown Traverse City, you'll have easy access to shopping, dining, wineries, golf courses, hiking trails, and everything that makes this area one of Michigan's most sought-after destinations. In fall, venture on a stunning color tour every time you go for a drive. Thinking ahead to winter? Just imagine visiting one of three ski resorts within 40min, snowshoeing the hills behind the old state hospital, dining at the Mercato, then ending the day in front of the fireplace. Each season offers a uniquely magical experience. Whether you're searching for a year-round residence, Up North getaway, or investment opportunity, this Silver Lake gem is ready for its next adventure. A SCHEDULED SHOWING IS REQUIRED TO VIEW THIS PROPERTY.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lance E Engel 616-791-1500,

    Five Star Real Estate (Main)

    Bought with:

    Claire Washington

    Source: MichRIC,MLS#: 26034839MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    • Main level bedrooms: 2
    Heating
    • Baseboard
    Appliances
    • Included: Dryer, Microwave, Range, Refrigerator, Washer
    • Laundry: Electric Dryer Hookup, Main Level, Washer Hookup
    Features
    • Flooring: Laminate, Tile
    • Basement: Crawl Space
    • Number of fireplaces: 1
    • Fireplace features: Wood Burning
    Interior area
    • Total structure area: 1,056
    • Total interior livable area: 1,056 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached
    • Garage spaces: 2
    Features
    • Stories: 1
    • Fencing: Chain Link
    • Waterfront features: Lake
    • Body of water: Silver Lake
    Lot
    • Size: 0.35 Acres
    • Dimensions: 210 x 152 x 135 x 49
    • Features: Level, Shrubs/Hedges
    Details
    • Additional structures: Shed(s)
    • Parcel number: 0505005400
    • Zoning description: Residential-Imp

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Aluminum Siding
    • Roof: Composition,Shingle
    Condition
    • New construction: No
    • Year built: 1969

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well

    Community & HOA

    Location
    • Region: Traverse City

    Financial & listing details

    • Price per square foot: $308/sqft
    • Tax assessed value: $91,646
    • Annual tax amount: $3,991
    • Date on market: 7/9/2026
    • Listing terms: Cash,FHA,MSHDA,Conventional
    • Road surface type: Paved

    Price history

    DateEventPrice
    10/22/2026Sold$325,000-7.1%$308/sqft
    Source: MichRIC #26034839 Report a problem
    9/7/2026Pending sale$349,900$331/sqft
    Source: MichRIC #26034839 Report a problem
    7/27/2026Price change$349,900-4.1%$331/sqft
    Source: MichRIC #26034839 Report a problem
    7/9/2026Listed for sale$365,000+116.1%$346/sqft
    Source: MichRIC #26034839 Report a problem
    10/18/2019Listing removed$168,900$160/sqft
    Source: Coldwell Banker Schmidt, Realtors #1866930 Report a problem
    9/3/2019Listed for sale$168,900+53.5%$160/sqft
    Source: Coldwell Banker Schmidt-402 #1866930 Report a problem
    6/29/2004Sold$110,000$104/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,882 +5%$128,000 +14.1%
    2024$3,697 +74.1%$112,200 +16.6%
    2023$2,124 +3.4%$96,200 +9.4%
    2022$2,053 -4.5%$87,900 +15.7%
    2021$2,151 $76,000 -4%
    2020-- $79,200 +16.5%
    2019-- $68,000 +4.6%
    2018-- $65,000 -0.3%
    2017-- $65,200 +2%
    2016-- $63,900 +5.8%
    2014-- $60,400 +20.9%
    2012-- $49,950 -22.8%
    2011-- $64,700 -0.6%
    2010-- $65,100 -1.2%
    2009-- $65,900 +13%
    2008-- $58,330 -0.8%
    2007-- $58,790 +6.5%
    2005-- $55,220 +6.2%
    2004-- $51,990 +8.6%
    2003-- $47,880 +2.9%
    2002-- $46,550 +9.4%
    2001-- $42,560 +3.3%
    2000-- $41,190
    Find assessor info on the county website

    Neighborhood: 49685

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
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    $324,700
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    +$6,494
    With Zillow Showcase(estimated)

    $331,194

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $324,700
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    +$6,494
    With Zillow Showcase(estimated)

    $331,194