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$399,900

Listing Price

3beds

1baths

864sqft

12,632sqft lot

5179 Silver Shores Ln, Traverse City, MI 49685

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

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For Sale

Off Market

Condo / Townhome

Home type

486.68

Price / sqft

1978

Year built

Home Details

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. Its 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.

Interior Details

Square Feet
  • 864

Bedrooms
  • 3

Bathrooms
  • 1

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Forced Air With Air Conditioning

Cooling
  • Has Cooling:

    No

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    N/A

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 12632

Water
  • No

Sewer
  • No

Parking
  • Type:

    Garage, Detached

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    3

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 1

Style
  • Ranch

Exterior
  • Aluminum/vinyl

Foundation
  • N/A

Roof
  • Gable

Roofing Material
  • Asphalt

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2019

$-1

$0

$0

--%

$71,000

2018

$-1

$0

$0

--%

$57,300

2012

$-1

$0

$0

--%

$64,200

2012

$-1

$0

$0

--%

$61,400

2012

$-1

$0

$0

--%

$64,200

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Average Home Price in 49685

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Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
399,900
$
Down payment
79,980
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
2,399.4
$
HOA (Monthly)
0
$
PMI
0
$
$2,589
Your Payment
Total Monthly Payment:$2,589
Percent of Income:44%
Affordable:No

Details for 5179 SILVER SHORES LN

Property Debt

Foreclosure Contact Details

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