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Off market
  • $630,900

    521 Lake 5 Dr, Traverse City, MI 49696

    4beds
    1,878sqft
    SingleFamily
    Built in 1978
    0.4 Acres Lot
    $630,900 Zestimate®
    $336/sqft
    $2,892 Estimated rent

    Home value

    $630,900

    $574,000 - $700,000

    $2,892/mo

    Zestimate® history
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    $2,892/mo

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    Rent Zestimate®

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    $3,770/mo

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    $3,770/mo

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    What's special

    Arbutus Lake is just a few feet from the front door of this 4 bedroom, 3 bath home/cottage. The perfect lakefront setting with over 130 feet of private beach, terrific views from the deck and balcony and lots of room for family, friends and the toys. The home features two fireplaces, an open floor plan, master with setting room and private balcony, finished walkout lower level and a large detached garage. There is a newer septic system, natural gas forced air heat plus back up electric heat. Whether you are looking for a cute cottage on the lake or a year round home, this is one you will not want to miss.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Forced air, Gas
    Appliances
    • Included: Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Hardwood
    • Basement: Finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,878 sqft

    Property

    Parking
    • Parking features: Garage - Detached
    Features
    • Exterior features: Wood
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 0.4 Acres
    Details
    • Parcel number: 0310302960

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1978

    Community & HOA

    Location
    • Region: Traverse City

    Financial & listing details

    • Price per square foot: $336/sqft
    • Tax assessed value: $502,000
    • Annual tax amount: $4,483

    Price history

    DateEventPrice
    12/20/2015Listing removed$289,900$154/sqft
    Source: Traverse North Report a problem
    9/23/2015Listed for sale$289,900$154/sqft
    Source: Traverse North Realty #1806605 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,483 +6.2%$251,000 +11.3%
    2024$4,221 +5%$225,500 +27%
    2023$4,020 +3.1%$177,500 +17.6%
    2022$3,901 +1.8%$150,900 -11.4%
    2021$3,832 -0.5%$170,400 +9.8%
    2020$3,851 $155,200 +6%
    2019$3,851 +2.5%$146,400 +5.5%
    2018$3,758 $138,800 +1.5%
    2017-- $136,800 +1.7%
    2016-- $134,500 +8.4%
    2014-- $124,100 +4.1%
    2012-- $119,170 -1.7%
    2011-- $121,290 -22.6%
    2010-- $156,630 -1.4%
    2009-- $158,780 +5.7%
    2008-- $150,200
    2007-- $150,200 +15.2%
    2005-- $130,400 +23.6%
    2004-- $105,500 +4.9%
    2003-- $100,600 +6.9%
    2002-- $94,100 -0.5%
    2001-- $94,600 +17.7%
    2000-- $80,400
    Find assessor info on the county website

    Neighborhood: 49696

    Nearby schools

    GreatSchools rating
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    Sell for more on Zillow
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    $630,900
    2% more
    +$12,618
    With Zillow Showcase(estimated)
    $643,518