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Sold for $380,000
    • $380,000

    5179 Silver Shores Ln, Traverse City, MI 49685

    3beds
    864sqft
    Single Family Residence
    Built in 1978
    0.29 Acres Lot
    $401,500 Zestimate®
    $440/sqft
    $1,790 Estimated rent

    Home value

    $401,500

    $373,000 - $430,000

    $1,790/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Connie Kroll Cell:231-620-3395,

    Century 21 Northland 231-929-7900

    Bought with:

    Non Member Office

    NON-MLS MEMBER OFFICE

    Source: NGLRMLS,MLS#: 1926759MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 3
    Primary bedroom
    • Level: Main
    • Area: 114
    • Dimensions: 12.5 x 9.12
    Bedroom 2
    • Level: Main
    • Area: 100.43
    • Dimensions: 12.1 x 8.3
    Bedroom 3
    • Level: Main
    • Area: 68.16
    • Dimensions: 9.6 x 7.1
    Primary bathroom
    • Features: Shared
    Dining room
    • Level: Main
    • Width: 10
    Kitchen
    • Level: Main
    • Length: 11
    Living room
    • Level: Main
    • Area: 159.84
    • Dimensions: 14.8 x 10.8
    Heating
    • Forced Air, Natural Gas
    Appliances
    • Included: Refrigerator, Oven/Range, Microwave, Washer, Dryer
    • Laundry: Main Level
    Features
    • Other, Solid Surface Counters, Ceiling Fan(s), Cable TV, DSL, WiFi
    • Flooring: Laminate, Carpet
    • Windows: Blinds, Drapes, Curtain Rods
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 864
    • Total interior livable area: 864 sqft
    • Finished area above ground: 864
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: None, Gravel, Private
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Patio
    • Has view: Yes
    • View description: Water
    • Water view: Water
    • Waterfront features: Inland Lake, All Sports, Sandy Bottom, Sandy Shoreline
    • Body of water: Silver Lake
    • Frontage length: 181
    Lot
    • Size: 0.29 Acres
    • Dimensions: 35.4 x 29.4 x 39.5 x 30.1
    • Features: Level
    Details
    • Additional structures: Other
    • Parcel number: 0518900700
    • Zoning description: Residential

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Frame, Vinyl Siding
    • Foundation: Slab
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1978

    Utilities & green energy

    • Sewer: Shared Septic
    • Water: Shared Well

    Community & HOA

    Community
    • Features: None
    • Subdivision: Silver Shores
    HOA
    • Services included: Water, Trash, Snow Removal, Maintenance Grounds, Other
    • HOA fee: $4,200 annually
    Location
    • Region: Traverse City

    Financial & listing details

    • Price per square foot: $440/sqft
    • Tax assessed value: $286,800
    • Annual tax amount: $3,024
    • Price range: $380K - $380K
    • Date on market: 9/3/2024
    • Cumulative days on market: 80 days
    • Listing agreement: Exclusive Right Sell
    • Listing terms: Conventional,Cash
    • Ownership type: Private Owner
    • Road surface type: Gravel

    Price history

    DateEventPrice
    11/22/2024Sold$380,000$440/sqft
    Source: NGLRMLS #1926759 Report a problem
    11/15/2024Pending sale$380,000$440/sqft
    Source: NGLRMLS #1926759 Report a problem
    11/7/2024Listing removed$1,700$2/sqft
    Source: Zillow Rentals Report a problem
    11/6/2024Price change$380,000-5%$440/sqft
    Source: NGLRMLS #1926759 Report a problem
    10/2/2024Price change$1,700-5.6%$2/sqft
    Source: Zillow Rentals Report a problem
    10/2/2024Price change$399,900-7%$463/sqft
    Source: NGLRMLS #1926759 Report a problem
    9/3/2024Listed for sale$430,000+228.5%$498/sqft
    Source: NGLRMLS #1926759 Report a problem
    8/14/2024Price change$1,800+20%$2/sqft
    Source: Zillow Rentals Report a problem
    7/11/2024Listed for rent$1,500+7.1%$2/sqft
    Source: Zillow Rentals Report a problem
    9/28/2023Listing removed--
    Source: Zillow Rentals Report a problem
    9/8/2023Price change$1,400-6.7%$2/sqft
    Source: Zillow Rentals Report a problem
    9/1/2023Price change$1,500+15.4%$2/sqft
    Source: Zillow Rentals Report a problem
    8/22/2023Listed for rent$1,300$2/sqft
    Source: Zillow Rentals Report a problem
    10/12/2022Listing removed--
    Source: Zillow Rental Network Premium Report a problem
    10/4/2022Price change$1,300-7.1%$2/sqft
    Source: Zillow Rental Network Premium Report a problem
    9/28/2022Price change$1,400-6.7%$2/sqft
    Source: Zillow Rental Network Premium Report a problem
    9/7/2022Listed for rent$1,500$2/sqft
    Source: Zillow Rental Network Premium Report a problem
    8/29/2022Listing removed--
    Source: Zillow Rental Network Premium Report a problem
    8/15/2022Listed for rent$1,500+11.1%$2/sqft
    Source: Zillow Rental Network Premium Report a problem
    10/28/2021Listing removed--
    Source: Zillow Rental Network Premium Report a problem
    10/9/2021Price change$1,350-6.9%$2/sqft
    Source: Zillow Rental Network Premium Report a problem
    9/25/2021Price change$1,450-3.3%$2/sqft
    Source: Zillow Rental Network Premium Report a problem
    7/24/2021Listed for rent$1,500+30.4%$2/sqft
    Source: Zillow Rental Network Premium Report a problem
    10/30/2020Listing removed$1,150$1/sqft
    Source: Northland Property Management LLC Report a problem
    6/19/2020Listed for rent$1,150+27.8%$1/sqft
    Source: Northland Property Management LLC Report a problem
    3/12/2015Listing removed$900$1/sqft
    Source: KRAUSE REALTY SOLUTIONS #1795682 Report a problem
    8/18/2014Sold$130,900$152/sqft
    Source: Agent Provided Report a problem
    1/18/2014Sold$130,900-11.6%$152/sqft
    Source: Agent Provided Report a problem
    8/12/2005Sold$148,000$171/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,024 +5.1%$143,400 +37.2%
    2024$2,878 +4.5%$104,500 +20.1%
    2023$2,753 +3.4%$87,000 +1.3%
    2022$2,663 +1.1%$85,900 +11.6%
    2021$2,635 $77,000 +8.5%
    2020-- $71,000 +23.9%
    2019-- $57,300 -10.7%
    2018-- $64,200 +4.6%
    2017-- $61,400 -4.4%
    2016-- $64,200 +34.9%
    2014-- $47,600 -32.4%
    2012-- $70,450 -0.1%
    2011-- $70,500 -4.2%
    2009-- $73,600 -16.8%
    2008-- $88,440 +11.8%
    2007-- $79,120 +34.1%
    2005-- $59,000 +1.9%
    2004-- $57,890 +11.5%
    2003-- $51,920 +11.2%
    2002-- $46,710 +15.6%
    2001-- $40,400 +26.3%
    2000-- $31,990
    Find assessor info on the county website

    Neighborhood: 49685

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    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Traverse City Area Public Schools

    Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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