8064 Shady Lane, Traverse City, MI 49685

$525,000
3
BD
2
BA
1,662
SqFt

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Sold Price
$525,000
List Price
$479,900
Closing Date
Jul 12, 2024
Days on Market
3
Status
SOLD CO-OP MEMBER
MLS#
1923589
Bedrooms
3
Bathrooms
2
Full Baths
1
Three Quarter Baths
1
Living Area
1,662
Lot Size (Acres)
0.5
Style
Cottage
Year Built
1974

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

Additional Information

Building Name
Peninsula Estates
Taxes
$4,986
Stories
1
Interior Features
Walk-In Closet(s), Great Room, Vaulted Ceiling(s), Drywall, High Speed Internet, Cable TV
Amenities
Community Dock, Lake Privileges, Pets Allowed, Common Area
Heating
Forced Air, Wall Furnace, Fireplace(s), Natural Gas
Cooling
Ductless
Water
Private
Sewer
Private Sewer
School District
Traverse City Area Public Schools

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Calculator source: Real Geeks

Listing Courtesy of Peninsula Properties Realty. 231-632-5448

Selling Office: Five Star Real Estate - Front St TC.