new - 2 days on rocket

5184 Silver Shores Ln, Traverse City, MI, 49685

$439,000

Home List Price

$5,213*

Closing Credit

2 Bedrooms
1 Full Bath
620 SqFt
$708/SqFt
House
Schools Nearby

Location

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5184 Silver Shores Ln, Traverse City$439,000

Buyer Closing Credits

$5,213*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGravel, Private, None
Year Built1968
HeatingNatural Gas, Electric, Baseboard, Other
CoolingNatural Gas, Electric, Other, Window Unit(s)
WaterfrontLake, All Sports, Waterfront, Private Dock, Sandy Bottom, Sandy Shoreline
FireplaceFireplace(s), Gas, Insert
MLS #1921516
Lot Size0.29 Acres
StatusActive
(New)

About 5184 Silver Shores Ln

Nestled on the serene shores of Silver Lake, this quaint and cozy retreat offers a rare opportunity to own a slice of paradise in Garfield Township. Boasting 180 feet of shared frontage on the highly sought-after Silver Lake, this property stands out as one of the few Short-Term Rental (STR) eligible residences in the area. Convenience meets charm as this home is just a stone's throw away from the public boat launch and the scenic walking trails of Silver Lake recreational area, promising endless outdoor adventures for nature enthusiasts. Step inside to discover a warm and inviting ambiance accentuated by a natural gas fireplace, adding a touch of coziness to the living space. The property's allure is further enhanced by an array of resort-style amenities that cater to both relaxation and recreation. Enjoy leisurely days on the sandy beach, take advantage of the provided dock for easy boat access, gather around the fire-pit with complimentary wood for cozy evenings under the stars, or unwind on the sundeck and gazebo overlooking the tranquil waters. For added entertainment, indulge in the waterslide, playground structure, and wine bar – perfect for hosting gatherings or simply unwinding in style. Whether you seek an investment property for lucrative rental income or year-round lakefront living, this residence offers a versatile lifestyle opportunity. Don't miss your chance to make this idyllic lakeside retreat your own – seize the moment and turn your dreams of lake living into reality today. Schedule a viewing and experience the allure of lakeside living at its finest.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch, Cottage, 1 Story
  • Year Built: 1968
  • Living Area: 620 SqFt

Listing Office:

  • Office Name: Key Realty One-TC
  • Listing Agent: Jill Barry

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Microwave, Washer, Dryer, Electric Water Heater
  • Interior: None
  • Fireplace: Fireplace(s), Gas, Insert

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Lake, All Sports, Waterfront, Private Dock, Sandy Bottom, Sandy Shoreline
  • Exterior: Patio, Vinyl

Parking Information:

  • Attached Garage: No
  • Parking: Gravel, Private, None

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.29 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Electric, Baseboard, Other
  • Cooling: Natural Gas, Electric, Other, Window Unit(s)

School Info

Assigned Schools Information:

  • West Senior High School, Public District Grades 9-12
  • West Middle School, Public District Grades 6-8
  • East Middle School, Public District Grades 6-8
  • Tcaps Montessori School, Public District Grades PK-6

Other

Directions Information:

  • Directions: US 31 SOUTH, TURN RIGHT ONTO SILVER PINES LEFT ONTO NE SILVER LAKE RD RIGHT ONTO SILVER SHORES LANE

Price Information

Listing Price Info

Price Summary:

  • List Price: $439,000
  • Price Per SqFt: $708/SqFt
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Housing Market Comparison

See how this home compares to others in Traverse City, MI.

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Traverse City, MI

City

Med. Sold Price

$366K

Med. Price/SqFt

$244

Avg. Days On Market

56

# of Sold Homes

66

5184 Silver Shores Ln vs Traverse City

2 DAYS ON ROCKET

-54 Days

$439,000

+$73K More

$708/SqFt

+$463 More

KEY TAKEAWAY

This property is $73K more than the Median Sold Price and $463/SqFt more than other homes in Traverse City, MI.

Based on homes sold in March 2024

MLS Details

MLS Information:

  • MLS Name: TAAR
  • MLS Number: #1921516

Listing Office:

  • Office Name: Key Realty One-TC
  • Listing Agent: Jill Barry

Copyright © 2024 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 2:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021 - $57,800
2020 - $49,700
2019 - $39,500
2018 - $46,900
2017 - $48,000

History based on county public records data.

Payment Calculator

$2,259

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,383

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1318285
6
/10

  • Tcaps Montessori School

  • 1009 S Oak St

  • 4.26 miles

  • Public District Grades PK-6

Middle School

school-card-donut-1318286
7
/10

  • West Middle School

  • 3950 Silver Lake Rd

  • 2.99 miles

  • Public District Grades 6-8

school-card-donut-1318287
6
/10

  • East Middle School

  • 1776 3 Mile Rd N

  • 6.12 miles

  • Public District Grades 6-8

High School

school-card-donut-1318288
9
/10

  • West Senior High School

  • 5376 N Long Lake Rd

  • 3.08 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,961. The majority of Traverse City, MI residents have income between $35k-100k annually. Most families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5184 Silver Shores Ln

What is the listing price of this property?

The listing price of 5184 Silver Shores Ln property is $439,000.

What type of property is this?

The property 5184 Silver Shores Ln is a house located in Traverse City, Michigan, 49685.

Is this property for sale now?

Active Listing: 5184 Silver Shores Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5184 Silver Shores Ln are:
Tcaps Montessori School: GreatSchools Rating 6/10
West Middle School: GreatSchools Rating 7/10
East Middle School: GreatSchools Rating 6/10
West Senior High School: GreatSchools Rating 9/10

How many bedrooms and bathrooms does this property have?

The property at 5184 Silver Shores Ln has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5184 Silver Shores Ln is 620 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5184 Silver Shores Ln is 1968.

Rocket Homes›Michigan›Grand Traverse County›Traverse City›49685›5184 Silver Shores Ln

This home is located at 5184 Silver Shores Ln in Traverse City, MI and zip code 49685. This 620 square foot home, which was built in 1968, sits on a 0.29 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 25, 2024 and is currently priced at $439,000.

In March 2024, from all listings sold in Traverse City, MI there were more than 22 sold above asking price, over 24 sold below and more than 20 were sold right at the asked price. The inventory of homes for sale in Traverse City, MI between February 2024 and March 2024 increased by 12.5%. Listings spent 56 days on the market in March 2024, and had a median list price of $366,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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