tomo logo

$399,900

Beds
3
Baths
2.0
sq ft
816

4868 East Traverse Hwy, Traverse City, MI 49684

4868 East Traverse Hwy

Long Lake Twp, MI 49684

  • 30 days on market
Nestled in the tranquil countryside, this charming three-bedroom home offers the perfect blend of rural serenity and modern convenience. Just a short drive from Traverse City, it features a two-car garage and an additional spacious barn, ideal for storage or hobbies. The rear deck provides a perfect spot for relaxation and outdoor gatherings, while there is also ample room for a future garden to create your own outdoor oasis. Enjoy easy access to Long Lake, nearby parks, and local favorites such as an organic tea shop, bustling farm markets, and a delightful winery. This home offers the best of both worlds-peaceful country living with vibrant local amenities close by.

Details

Property type

Single Family Residence

Est. home value

$291,938

Lot size

1.82 acres

Price per sq ft

$491

Year built

2001

Price History

06/04/2024
Realcomp

Realcomp #78080046660

Listed
$399,900
+236.05%
05/23/2013
Realcomp

Realcomp #78001112150

Sold
$119,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Traverse City

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$296,896
Asking price
$399,900
Closing costs (~8% of asking)
-$31,992
Est. remaining loan balance
-$71,012
Cash to seller
$296,896

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Northwestern Mortgage Co

Loan start date

May 2013

Original loan amount

$95,200

Est. remaining balance

$71,012

Interest rate

3.54%

Loan type

Not Provided, 30 year

Seller

Sue Silvis and John Silvis

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Price drop
Realcomp
$359,900
3 bd
|
2 ba
|
1,135 sq ft
|
House

10370 E Cherry Bend Rd, Traverse City, MI 49684

Realcomp
$430,000
3 bd
|
2.5 ba
|
1,324 sq ft
|
House

6664 Windtree Ln, Lake Ann, MI 49650

Price drop
Realcomp
$389,000
3 bd
|
2 ba
|
1,195 sq ft
|
House

829 Seventh St, Traverse City, MI 49684

Status: Active

Tomo last checked: 07/05/2024 at 12:15 AM

Listing updated: 06/07/2024 at 6:43 AM

Listed by: Matthew M Geib, Phone #: (231) 943-6145

MLS: Realcomp #78080046660

Realcomp logo

Recently listed in Long Lake Twp