7 months on rocket

577 Brakel Point Dr, Traverse City, MI, 49685

$2,100,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
3,056 SqFt
$687/SqFt
House
Schools Nearby

Location

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577 Brakel Point Dr, Traverse City$2,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGravel, Private, Attached, Door Opener, Heated, Plumbing, Concrete Floors
Attached Garage3 spaces
Year Built1925
HeatingNatural Gas, Hot Water, Baseboard, Radiant Floor
CoolingNatural Gas, Ductless, Radiant
WaterfrontPrivate Frontage, Lake, All Sports, Private Dock, Soft Bottom, Sandy Bottom, Public Lake, Sandy Shoreline
FireplaceNone
MLS #1915860
Lot Size2.98 Acres
StatusActive

About 577 Brakel Point Dr

Location, location, location, a private park like setting on a quiet cul de sac. A safe place for kids young and old to play. Great neighborhood. Brakel Landing provides the largest private frontage on Silver Lake. Lot's 1-4 are being offered. Brakel Landing development lots have never been listed, until now. Legacy family compound property includes 4 contiguous lots on Silver Lake. Cumulative 2.98 acres and 287 feet of private Silver Lake frontage. Lots 1 and 2 remain undeveloped and provide well treed privacy, or could be further developed. All lots are approved for private septic and well. Soil borings have been completed on all lots. Existing 3-story home on lot 3 was a historic speak easy built in 1925 and totally remodeled in 2005. This home features a full length second story deck and main level fully enclosed three-season porch. The third floor acts as a bunk room for sleep over parties. The house currently has beds to sleep 16. Attached 3-car garage (36'x 36'), completely finished, radiant in-floor heat, epoxy floors, and finished bonus room up above . Adjacent lot 4 includes a 2 bed 1 bath guest cottage with kitchen area. The cottage also has a full length three season porch. Brakel Landing approved master plan includes a future boat storage building, in which each lot owner could potentially have a 15'x 30' unit. Underground electric, natural gas, irrigation, private septic and well on developed lot. Maintain exclusive privacy or further develop for the ultimate family retreat 10 minutes to downtown Traverse City. By-laws dictate a 6-month minimum lease, will not sell lots individually. See https://tours.bluelavamedia.com/s/idx/186979

Property Details

Property Features

Property Information:

  • Architectural Style: 2+ Story, Lodge
  • Year Built: 1925
  • Living Area: 3,056 SqFt

Listing Office:

  • Office Name: KERMATH REALTY LLC
  • Listing Agent: JEFF KERMATH

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Dishwasher, Microwave, Water Softener, Washer, Dryer, Security System, Exhaust Fan, Gas Water Heater
  • Interior: Built-In Bookcase, Foyer Entrance, Walk-In Closet(s), Pantry, Island Kitchen, Great Room, Drywall
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Private Frontage, Lake, All Sports, Private Dock, Soft Bottom, Sandy Bottom, Public Lake, Sandy Shoreline
  • Exterior: Sprinkler System, Deck, Patio, Sidewalk, Gutters, Vinyl

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Gravel, Private, Attached, Door Opener, Heated, Plumbing, Concrete Floors

Lot Features

Lot Information:

  • Lot: Wooded, Cleared
  • Lot Size: 2.98 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water, Baseboard, Radiant Floor
  • Cooling: Natural Gas, Ductless, Radiant

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: N of US 31 off S. East Silber Lake Rd to Brakel Point Dr.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,100,000
  • Price Per SqFt: $687/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

577 Brakel Point Dr vs Traverse City

221 DAYS ON ROCKET

+165 Days

$2,100,000

+$1.7M More

$687/SqFt

+$442 More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price and $442/SqFt more than other homes in Traverse City, MI.

Based on homes sold in March 2024

MLS Details

MLS Information:

  • MLS Name: NEBOARDMI
  • MLS Number: #1915860

Listing Office:

  • Office Name: KERMATH REALTY LLC
  • Listing Agent: JEFF KERMATH

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: 4/28/2024, 7:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-1998303
6
/10

  • Tcaps Montessori School

  • 1009 S Oak St

  • 5.56 miles

  • Public District Grades PK-6

Middle School

school-card-donut-1998304
7
/10

  • West Middle School

  • 3950 Silver Lake Rd

  • 4.46 miles

  • Public District Grades 6-8

school-card-donut-1998305
6
/10

  • East Middle School

  • 1776 3 Mile Rd N

  • 6.23 miles

  • Public District Grades 6-8

High School

school-card-donut-1998306
9
/10

  • West Senior High School

  • 5376 N Long Lake Rd

  • 4.73 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. Residents of Traverse City, MI typically earn between $35k-100k each year. Residents typically live in married, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 577 Brakel Point Dr

What is the listing price of this property?

The listing price of 577 Brakel Point Dr property is $2,100,000.

What type of property is this?

The property 577 Brakel Point Dr is a house located in Traverse City, Michigan, 49685.

Is this property for sale now?

Active Listing: 577 Brakel Point Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 577 Brakel Point Dr 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 577 Brakel Point Dr has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 577 Brakel Point Dr is 3,056 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 577 Brakel Point Dr is 1925.

Rocket Homes›Michigan›Grand Traverse County›Traverse City›49685›577 Brakel Point Dr

This home is located at 577 Brakel Point Dr in Traverse City, MI and zip code 49685. This 3,056 square foot home, which was built in 1925, sits on a 2.98 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 19, 2023 and is currently priced at $2,100,000.

In March 2024 more than 22 listings in Traverse City, MI were sold above the asking price. During the same period more than 20 listings were sold at asking price, while more than 24 were sold below. In March 2024 in Traverse City, MI there were 12.5% more homes for sale than in February 2024. While the average time on the market in March 2024 was 56 days, the median list price was $366,000.

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

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