Water view, great rental history and located in an allowable short-term rental zone! Across from Silver Lake and just minutes from Downtown Traverse City, this 1 1/2 story - 3 bedroom/1 bath includes a large detached garage and 1.43 acres. Amazing income potential. Short-term rental income on this property (in our opinion and to the best of our knowledge) could be $30K+ annually. Possible land contract/PMM option available.
Sold for $275,000
$275,000
393 S East Silver Lake Rd, Traverse City, MI 49685
3beds
972sqft
Single Family Residence
Built in 1900
1.43 Acres Lot
$301,000 Zestimate®
$283/sqft
$2,274 Estimated rent
Home value
$301,000
$277,000 - $322,000
$2,274/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: May 14, 2024 at 07:22am
Listed by:
Joshua Croff Cell:231-342-8777,
Verity Real Estate, LLC 231-342-8777
Bought with:
Joshua Croff, 6502418758
Verity Real Estate, LLC
Source: NGLRMLS,MLS#: 1911996
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Main
- Dimensions: 11 x 9.25
Bedroom 2
- Level: Upper
- Area: 17168
- Dimensions: 14 x 11
Bedroom 3
- Level: Upper
- Area: 112840
- Dimensions: 12 x 9
Primary bathroom
- Features: Shared
Dining room
- Level: Main
- Length: 12
Kitchen
- Level: Main
- Length: 12
Living room
- Level: Main
- Area: 1815
- Dimensions: 15 x 12
Heating
- Forced Air, Natural Gas
Appliances
- Included: Refrigerator, Oven/Range, Water Softener Owned, Washer, Dryer, Gas Water Heater
- Laundry: Lower Level
Features
- Cathedral Ceiling(s), Other, Mud Room, Ceiling Fan(s), Cable TV, High Speed Internet
- Flooring: Wood, Vinyl, None, Concrete
- Windows: Low Emissivity Windows
- Basement: Full,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 972
- Total interior livable area: 972 sqft
- Finished area above ground: 972
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached, Concrete Floors, RV Access/Parking, Gravel, Private
- Garage spaces: 2
- Details: RV Parking
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Deck, Covered
- Exterior features: Other, Garden
- Has view: Yes
- View description: Bay, Countryside View, Water
- Has water view: Yes
- Water view: Water,Bay
Lot
- Size: 1.43 Acres
- Dimensions: 189' x 289' x 252' x 172' x 124
- Features: Sloped, Metes and Bounds
Details
- Additional structures: None
- Parcel number: 0200501720
- Zoning description: Residential,Rental History,Outbuildings Allowed
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Vinyl Siding
- Foundation: Block
- Roof: Asphalt
Condition
- Fixer
- New construction: No
- Year built: 1900
- Major remodel year: 1999
Utilities & green energy
- Sewer: Private Sewer
- Water: Private
Green energy
- Energy efficient items: Not Applicable
- Water conservation: Not Applicable
Community & neighborhood
Community
- Community features: Pets Allowed
Location
- Region: Traverse City
- Subdivision: metes and bounds
HOA & financial
HOA
- Services included: None
Other
Other facts
- Listing agreement: Exclusive Right Sell
- Price range: $275K - $275K
- Listing terms: Conventional,Cash,Land Contract/PMM
- Ownership type: Private Owner
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2023 | Pending sale | $299,000+8.7%$308/sqft |
Source:  NGLRMLS #1911996 Report a problem | ||
| 9/6/2023 | Sold | $275,000-8%$283/sqft |
Source: NGLRMLS #1911996 Report a problem | ||
| 6/8/2023 | Listed for sale | $299,000+39.1%$308/sqft |
Source: NGLRMLS #1911996 Report a problem | ||
| 8/19/2021 | Sold | $215,000$221/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,486 +29.4% | $115,700 +18.2% |
| 2024 | $3,465 +5% | $97,900 +16.7% |
| 2023 | $3,300 +181.2% | $83,900 +16% |
Find assessor info on the county website
Neighborhood: Chums Corner
Nearby schools
GreatSchools rating
- 7/10Central Grade SchoolGrades: PK-6Distance: 5.9 mi
- 7/10West Middle SchoolGrades: 6-8Distance: 4.5 mi
- 1/10Traverse City High SchoolGrades: PK,9-12Distance: 7 mi
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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$301,000
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- Michigan
- Grand Traverse County
- Traverse City
- 49685
- Chums Corner
- 393 S East Silver Lake Rd