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Pending
    • $399,000

    85 Tibbets Lake Ln, Traverse City, MI 49696

    3beds
    1,548sqft
    : 
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    Single Family Residence
    Built in 2001
    -- sqft lot
    $389,700 Zestimate®
    $258/sqft
    $-- HOA

    What's special

    Tibbets lake accessNicely updated interior
    Welcome to this inviting 3-bedroom 2.5 bath family home located just steps from beautiful Tibbets Lake access. With over 1500 Square ft of finished space and 1400 sq ft of unfinished space ready for your personal touch, this home combines comfort, functionality, and room to grow. --Enjoy the best of Northern Michigan living, just minutes from Spider Lake, Arbutus Lake and downtown Traverse City. Spend your weekends fishing, kayaking, or exploring nearby trails. --Inside you'll find a nicely updated interior with spacious living areas perfect for family life or entertaining. Whether you're looking for a year-round residence or a getaway close to the water, this home checks all of the boxes. *Seller financing available - making it easier than ever to make this Traverse City home your own! Photos have been virtually staged, and lower level has been virtually finished to show potential.
    252 days
    |
    11
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Marissa Spencer 231-947-7777,

    Berkshire Hathaway Homeservices - TC 231-947-7777,

    Kenneth Weaver 231-668-6303,

    Berkshire Hathaway Homeservices - TC

    Source: NGLRMLS,MLS#: 1940342MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      • Main level bathrooms: 2
      Primary bedroom
      • Area: 165.2
      • Dimensions: 14 x 11.8
      Primary bathroom
      • Features: Private
      Kitchen
      • Level: Main
      • Area: 303.69
      • Dimensions: 19.1 x 15.9
      Living room
      • Level: Main
      • Area: 249.39
      • Dimensions: 16.3 x 15.3
      Heating
      • Forced Air, Natural Gas
      Appliances
      • Included: Refrigerator, Dishwasher
      • Laundry: Main Level
      Features
      • Other, WiFi
      • Has fireplace: Yes
      • Fireplace features: Other
      Interior area
      • Total structure area: 1,548
      • Total interior livable area: 1,548 sqft
      • Finished area above ground: 1,548
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached, Asphalt
      • Attached garage spaces: 2
      Accessibility
      • Accessibility features: None
      Features
      • Exterior features: Other
      • Has view: Yes
      • View description: Water
      • Water view: Water
      • Waterfront features: Near Pub.Access w/in 500'
      Lot
      • Size: 0.27 Acres
      • Features: Level, Subdivided
      Details
      • Additional structures: None
      • Parcel number: 0345005710
      • Zoning description: Residential

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Single Family Residence
      • Attached to another structure: Yes
      Materials
      • 2x6 Framing, Vinyl Siding
      • Foundation: Wood
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 2001

      Utilities & green energy

      • Sewer: Private Sewer
      • Water: Private

      Community & HOA

      Community
      • Features: None
      • Subdivision: PRE 1995 RES SUBS & CONDOS
      HOA
      • Services included: None
      Location
      • Region: Traverse City

      Financial & listing details

      • Price per square foot: $258/sqft
      • Tax assessed value: $1
      • Annual tax amount: $3,727
      • Price range: $399K - $399K
      • Date on market: 11/7/2025
      • Cumulative days on market: 231 days
      • Listing agreement: Exclusive Right Sell
      • Listing terms: Conventional,FHA,VA Loan,Land Contract/PMM
      • Ownership type: Private Owner

        Estimated market value

        $389,700

        $370,000 - $409,000

        $2,187/mo

        Price history

        DateEventPrice
        3/4/2026Pending sale$399,000$258/sqft
        Source: NGLRMLS #1940342 Report a problem
        3/3/2026Listed for sale$399,000$258/sqft
        Source: Berkshire Hathaway HomeServices Michigan and Northern Indiana Real Estate #1940342 Report a problem
        2/12/2026Contingent$399,000$258/sqft
        Source: Berkshire Hathaway HomeServices Michigan and Northern Indiana Real Estate #1940342 Report a problem
        1/13/2026Price change$399,000-2.7%$258/sqft
        Source: NGLRMLS #1940342 Report a problem
        11/7/2025Listed for sale$410,000$265/sqft
        Source: NGLRMLS #1940342 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,727 +5.7%$203,100 +8.8%
        2024$3,526 +5%$186,700 +19%
        2023$3,358 +3.5%$156,900 +10.5%
        2022$3,245 +1.6%$142,000 +13.7%
        2021$3,193 +0.5%$124,900 -1.3%
        2020$3,178 $126,600 +11.6%
        2019$3,178 +2.4%$113,400 +15.4%
        2018$3,102 $98,300 +5.8%
        2017-- $92,900 +4.3%
        2016-- $89,100 +18.3%
        2014-- $75,300 -12.2%
        2011-- $85,800 +6.4%
        2010-- $80,610 +0.8%
        2009-- $79,990 -1.5%
        2008-- $81,200
        2007-- $81,200 +4.8%
        2005-- $77,500 +6%
        2004-- $73,100 +18.3%
        2003-- $61,800 +18.8%
        2002-- $52,000 +420%
        2001-- $10,000
        2000-- $10,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 49696

        Getting around

        5 / 100
        Car-Dependent
        16 / 100
        Somewhat Bikeable

        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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