$525,000
$479,900
9.4%For more information regarding the value of a property, please contact us for a free consultation.
8064 Shady Lane Traverse City, MI 49685
3 Beds
2 Baths
1,662 SqFt
Key Details
Sold Price $525,000
Property Type Single Family Home
Sub Type Cottage
Listing Status Sold
Purchase Type For Sale
Square Footage 1,662 sqft
Price per Sqft $315
Subdivision Peninsula Estates
MLS Listing ID 78080047149
Sold Date 07/12/24
Style Cottage
Bedrooms 3
Full Baths 2
HOA Fees $29/ann
HOA Y/N yes
Originating Board Aspire North REALTORS®
Year Built 1974
Annual Tax Amount $4,986
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions irregular
Property Description
Nestled on a quiet wooded lot in Long Lake Peninsula Association, this property would make a wonderful primary home or a great investment property. The association includes shared access to Long Lake with boat launch, dock, and a swimming raft. There is also a recreation area with picnic tables, volleyball, softball, and a playground, just around the corner from the home. The house is currently a single family home with two wings/cottage spaces separated by sliding barn doors that can be closed and secured if desired. Each side has its own kitchen area, full bath, and living room. Could easily be converted back to a duplex. Live on one side, income produce on the other. Less than 10 miles to downtown TC. For more information on the association visit www.longlakepeninsula.org This home has an established short term rental history, grossing 81k in 2023. One selling individual is a licensed real estate agent in state of Michigan
Location
State MI
County Grand Traverse
Area Long Lake Twp
Rooms
Kitchen Dryer, Oven, Range/Stove, Refrigerator, Washer
Interior
Interior Features Other, Water Softener (rented)
Hot Water Natural Gas
Heating Forced Air, Other, Wall/Floor Furnace
Fireplace yes
Appliance Dryer, Oven, Range/Stove, Refrigerator, Washer
Heat Source Natural Gas
Exterior
Waterfront no
Waterfront Description Shared Water Frontage,Water Front,Lake/River Priv
Water Access Desc All Sports Lake
Porch Deck, Patio
Road Frontage Private
Garage no
Building
Lot Description Water View, Wooded
Foundation Basement
Sewer Septic Tank (Existing)
Water Well (Existing)
Architectural Style Cottage
Level or Stories 1 1/2 Story
Structure Type Wood
Schools
School District Traverse City
Others
Pets Allowed Yes
Tax ID 0825508100
Ownership Private Owned
Acceptable Financing Cash, Conventional, VA, Trade/Exchange
Listing Terms Cash, Conventional, VA, Trade/Exchange
Financing Cash,Conventional,VA,Trade/Exchange
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Bought with Five Star Real Estate - Front St TC