7156 N W Bay Shore Drive, Northport - SOLD

SOLD NORTHPORT WATERFRONT PARCEL

LISTED & SOLD by Oltersdorf Realty LLC on 2/10/2017
7156 N W Bay Shore Drive, Northport, MI – Vacant 150’ of Sandy Frontage on Grand Traverse Bay
Asking Price: $385,000

Beautiful wooded waterfront building site featuring 150’ of private direct sandy bottom frontage on Grand Traverse Bay, 1.67+ private acres, shared pond & creek, natural gas & cable high speed internet available, and a private drive shared with only 2 other homes located just north of Omena well off of M-22! The property corners have been marked and the parcel is ready for your dream home!

2016 Leelanau County Year-End Home Sales

2016 Leelanau County Home Sales
Year-End Totals

The 2016 year end (January 1 – December 31) home sales data have been posted in the charts above. The home sales statistics compare real estate housing sold in Leelanau County from January 1, 2016 through December 31, 2016 to the same time period in 2015, 2014, 2013, 2012, 2011, and 2010. This includes the townships of Bingham, Centerville, Cleveland, Elmwood, Empire, Glen Arbor, Kasson, Leelanau, Leland, Solon, Suttons Bay, and the City of Traverse City within the southeast corner of Leelanau County.

2016 Leelanau County Home Sales Volume increased +24.16% over last year's numbers, Units Sold increased +16.01%, Average Sales Price increased +7.20%, and Median Sales Price increased +3.51%.

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2010-2016. Undisclosed sales are not included in the data. This is for basic review purposes only. All attempts for accuracy have been made but cannot be guaranteed.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com

2016 Grand Traverse County Year-End Home Sales

2016 Grand Traverse County Home Sales
Year-End Totals

The 2016 year-end (January 1 – December 31) home sales data for Grand Traverse County has been posted in the charts above. The home sales statistics compare real estate housing sold in Grand Traverse County from January 1, 2016 through December 31, 2016 to the same time period in 2015, 2014, 2013, 2012, 2011, and 2010. This includes the townships of Acme, Blair, East Bay, Fife Lake, Garfield, Grant, Green Lake, Long Lake, Mayfield, Paradise, Peninsula, Union, Whitewater, and the City of Traverse City.

It was another year of record breaking residential home sales throughout 2016. During 2016 Grand Traverse County Home Sales Volume increased +9.54% over 2015's record setting volume. Median Sales Price was up +9.24% while Average Sales Price was up +7.08%. Total number of units sold increased +2.30% in part due to very low inventory in the 2nd half of the year.

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2010-2016. Undisclosed sales are not included in the data. This is for basic review purposes only. All attempts for accuracy have been made but cannot be guaranteed.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com

4903 Waldon Circle, Traverse City – SOLD

SOLD TRAVERSE CITY HOME

LISTING SOLD by Oltersdorf Realty LLC on 1/28/2017
4903 Waldon Circle, Traverse City, MI – 3 Bedroom & 2 Bath Ranch Home
Asking Price: $165,000

This 3 bedroom, 2 bath ranch features desirable main floor living, 1700+ finished sq ft, a partially finished walkout basement with a wood stove, attached 2 car garage, an additional 24x20 heated detached garage, shed, updated siding and windows, and a metal roof installed in 2015! The house is situated on a 0.52 acre lot in a very quiet cul-de-sac location with county maintained roads and private well & septic!

Leelanau County Building Permits 2016

Leelanau County Building Permits
2007-2016 (Estimated Total Value in $ Millions)

 

Leelanau County Building Permits 2007-2016 (Total Permits Issued)

This is for basic review purposes only. All attempts for accuracy have been made but cannot be guaranteed.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com

Leelanau County 2016 Waterfront Home Sales

Leelanau County 2010 - 2016 Private Waterfront Home Sales

The data below includes all reported home sales with private direct water frontage and private "across the road" water frontage within all of Leelanau County on Lake Michigan, West Grand Traverse Bay, and all inland lakes. Homes with frontage on rivers, ponds, and creeks are excluded.

Leelanau County Waterfront Home Sales data 2010-2016 for homes with private water frontage on all Inland Lakes, Grand Traverse Bay, and Lake Michigan. This includes Traverse City, Suttons Bay, Omena, Northport, Leland, Lake Leelanau, Cedar, Maple City, Glen Arbor, and Empire. The data includes homes with private direct waterfrontage and across the road private waterfront. This excludes homes with shared access, creek frontage, river frontage, and pond frontage.

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2010-2016. Undisclosed sales are not included in the data. This is for basic review purposes only. All attempts for accuracy have been made but cannot be guaranteed.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com

Downtown Traverse City 2016 Home Sales

The 2016 year-end residential home sales data for Downtown Traverse City (within the city limits) has been posted in the charts above. The home sales statistics compare real estate housing sold in the City of Traverse City from January 1, 2016 through December 31, 2016 to the same time period in 2015, 2014, 2013, 2012, 2011, and 2010. This includes single family homes and condominiums only within the city limits.

Compared to last year Average Sales price increased +4.04%, Median Sales price increased +9.30%, Home Sales Volume has increase +3.44%, and total number of units sold has actually decreased -0.58% compared to 2015. For the 3rd year in a row there remains record low home inventory available in downtown Traverse City.

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2010-2016. Undisclosed sales are not included in the data. This is for basic review purposes only. All attempts for accuracy have been made but cannot be guaranteed.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com

2016 Leelanau County Equalization Reports

2016 Leelanau County Equalization Reports

If you visit the Leelanau County Equalization website you can view and download dozens of interesting reports dealing with the real estate values throughout Leelanau County.  The equalization director Laurie Spencer does a tremendous job providing information to the public.

A couple of facts that stood out to me in comparing 2016 to 2015.

-Total parcels grew by 195 parcels or just +0.77%.
-Total assessed value increased by +3.07%
-Total taxable value increased by +1.82%
-Leland Township holds the most real estate value in the county, followed by Glen Arbor Township, and then Leelanau Township.
-Residential property makes up 89.5% of the real estate value in Leelanau County.
-The top payer of property taxes in Leelanau County is Consumers Energy Company, followed by Bayberry Group Inc (Homestead), Toms Food Market Inc, and DTE Gas Company.

Photos provided by Leelanau County Equalization

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com

Michigan Abolishes Dower Rights

Michigan Abolishes Dower Rights

Prior to this year if a single man owned real estate in Michigan prior to his marriage his now wife was required to sign the deed on the sale of that real estate. On January 6, 2017 Michigan passed Public Act 490 of 2016 which eliminated dower rights in Michigan. The full legislation signed by the governor were Public Acts 378, 489, and 490 of 2016 which will be effective on April 7, 2017. Married persons of any sex will now be able to sell real estate without their spouse signing the deed to waive dower rights if the real estate is only in one name.

 In summary, the 3 bills contain the following:

-Senate Bill 558 (Sen. Jones) – Abolishes a wife’s dower right in both statute and at common law and repeals sections of the Revised Judicature Act that pertain to dower rights.

-House Bill 5520 (Rep. Kesto) – Deletes a provision that judgments of divorce and separate maintenance include a provision in lieu of dower.

-Senate Bill 0560 (Sen. Jones) – Applies the right of dower only to a surviving widow whose spouse died before the effective date of Senate Bill 558.

3813 Ridgeway Place, Traverse City - SOLD

 

SOLD TRAVERSE CITY CONDOMINIUM

LISTED & SOLD by Oltersdorf Realty LLC on 1/6/2017
3813 Ridgeway Place, Traverse City, MI - Desirable Traverse Hills Condominium
Asking Price: $205,000

Desirable Traverse Hills (ages 55+) condominium offering one floor living, a wonderful open floor plan with 2 spacious bedrooms including a master bedroom suite, 2 baths, main level laundry, a bright kitchen, A/C, a large side deck enjoying views of association commons area, and an attached 2 car finished garage! Enjoy quiet, maintenance free one level living, low traffic roadways, use of the community club house, all within minutes of downtown Traverse City, grocery shopping, the new YCMA, and Munson Medical Center!

502 E Union Street, Leland - SOLD

SOLD DOWNTOWN LELAND HOME

SOLD by Oltersdorf Realty LLC on 1/5/2017
502 E Union Street, Leland, MI - Affordable Downtown Leland Ranch Home
Asking Price: $249,000

One of most affordable downtown Leland houses to hit the market in the past decade this charming 3 bedroom, 1 bath ranch offers 1,100 finished sq ft, updated kitchen, 2 car attached garage, and a full unfinished basement. Walk to downtown Leland, Lake Leelanau water access and Lake Michigan beaches! *Listing Photos provided Coldwell Banker Schmidt Realtors- Source: Northern Great Lakes Realtors MLS.

Current Mortgage Rates - January 2017

Annual Average 30 Year Fixed-Rate Mortgage Rates

The annual average 30 year fixed mortgage rates increased slightly in December 2016 up to 4.20%. Above you will find the historical monthly average rate dating back to 2006.

3246 Holiday View Drive, Traverse City - SOLD

SOLD TRAVERSE CITY HOME

LISTING SOLD by Oltersdorf Realty LLC on 12/22/2016
3246 Holiday View Drive, Traverse City, MI - 4 Bedroom, 3 Bath Holiday Hills Home
Asking Price: $239,000

Desirable Holiday Hills location offering 2300+ finished sq ft of living area, 4 bedrooms, 3 baths, a great room with tongue-and-groove cathedral ceilings & hardwood floors, deck with partial water views, private master bedroom suite with a walk-in closet and beautiful tiled shower, partially finished walkout lower level, attached 2 car garage, A/C, sprinkler system, and a low maintenance private rear yard backing to Mt. Holiday ski resort! Fantastic east side neighborhood! 

6100 S Grapevine Trail, Suttons Bay – SOLD

SOLD SUTTONS BAY HOME

LISTING SOLD by Oltersdorf Realty LLC on 12/14/2016
6100 S Grapevine Trail, Suttons Bay, MI - 3 Bedroom Home on 4.00 Acres
Asking Price: $225,000

Situated in a convenient location between Suttons Bay & Traverse City this 3 bedroom home on 4.00 acres offers picturesque views of the rolling countryside nestled within vineyards & orchards, and is adjacent to the Leelanau Trail! Home features include 1500 finished sq ft, vaulted ceilings, unfinished basement area prepped for a 4th bedroom and additional bath, low maintenance vinyl exterior siding, covered front porch, rear deck, and an attached 2 car garage. Step out your front door and hop on the paved recreational Trail for a bike ride to downtown Traverse City or Suttons Bay!

10 Acres on N Manitou Trail (M-22), Northport - Sold

SOLD NORTHPORT 10 ACRE PARCEL

SOLD by Oltersdorf Realty LLC on 12/9/2016
N Manitou Trail (M-22), Northport, MI - 10.00 Acre Wooded & Rolling Parcel
Asking Price: $65,400

This beautiful wooded and rolling 10 acre parcel is located just 3 miles southwest of the charming Village of Northport in northern Leelanau County. The quiet parcel is zoned residential and has no deed or building restrictions and is accessed off of a county maintained road. *Listing Photos provided Century 21 Northland - Source: Northern Great Lakes Realtors MLS.

2016 Lake Michigan Water Levels

Current Lake Michigan Water Levels 

The United States Army Corps of Engineers collects and publishes current / past Lake Michigan water level data which is very important to many property owners in Leelanau County & Grand Traverse County who own real estate on Lake Michigan or Grand Traverse Bay. Their last reading took place on December 2, 2016.

December 2, 2016                   579.24 feet

Difference from December 2, 2015:                             0 inches
Difference from long term average:                            +8 inches
Difference from highest monthly average (1986) :    -29 inches
Difference from lowest monthly average (2012):      +36 inches
Projected change in levels by January 2, 2017:          -2 inches

Click here to open/download the full report for the current month:
http://w3.lre.usace.army.mil/hh/GreatLakesWaterLevels/GLWL-CurrentMonth-Feet.pdf

For more information on current & past historic records regarding the Great Lakes Water Levels please visit: http://www.lre.usace.army.mil/Missions/GreatLakesInformation/GreatLakesWaterLevels/WaterLevelForecast/WeeklyGreatLakesWaterLevels.aspx

5000 S Townhouse Dr #J-7, Cedar – SOLD

SOLD CEDAR CONDOMINIUM

LISTING SOLD by Oltersdorf Realty LLC on 12/2/2016
5000 S Townhouse Dr # J-7, Cedar, MI – Affordable Move-In Ready Leelanau County Townhouse
Asking Price: $112,000

Beautifully renovated with high quality finishes throughout including wood accents, updated kitchen & baths with granite countertops, glass shower doors and tile flooring in all bathrooms, new carpet & doors, updated windows & lighting, new decking, and so much more! This affordable 3 bedroom, 3 bath move-in ready townhouse enjoys an open living room with cathedral ceilings and a fireplace, loft, master suite, built-ins, front and rear balconies, and is situated in a quiet central location close to Lake Michigan beaches, quality golf courses, and miles of paved bike trails! Best value in Leelanau County for a vacation or year-round home!

Hidden Ridge Drive #13, Traverse City - SOLD

SOLD TRAVERSE CITY WATER VIEW PARCEL

SOLD by Oltersdorf Realty LLC on 11/18/2016
Hidden Ridge Drive #13, Traverse City, MI - Water View Lot with 237' of Shared Frontage
Asking Price: $119,000

Beautiful elevated year-round sunrise Bay views are enjoyed from this very desirable partially wooded 0.83 acre parcel located on Old Mission Peninsula just 3 miles to downtown Traverse City! Situated in a prime location within the quality Hidden Ridge Development, this lot enjoys 237’ of shared sandy beach frontage, underground utilities, city water & sewer, and low traffic paved roads!

5226 Shore View Circle, Suttons Bay – SOLD

SOLD SUTTONS BAY HOME

SOLD by Oltersdorf Realty LLC on 11/152016
5226 Shore View Circle, Suttons Bay, MI - Wonderful Leelanau County Home
Asking Price: $366,000

4 bedroom, 2.5 bath, 3,040+ sq ft Leelanau County home situated on a 0.45 acre lot in a wonderful subdivision conveniently located between Suttons Bay & Traverse City and in a quiet cul-de-sac location offering partial West Grand Traverse Bay views. *Listing Photos provided Coldwell Banker Schmidt Realtors- Source: Northern Great Lakes Realtors MLS.

5 E Juniper Trail, Leland - SOLD

SOLD DOWNTOWN LELAND HOME

SOLD by Oltersdorf Realty LLC on 11/10/2016
5 E Juniper Trail, Leland, MI – Downtown Leland Home Near N Lake Leelanau Water Access
Asking Price: $539,000

Charming cottage style Leland home offers wonderful privacy and 3 Village lots on a quiet tree lined street within one-half block of three N. Lake Leelanau beach accesses! This wonderful home features a large living/dining area with beadboard accents; main floor family room; fireplace; updated kitchen with maple cabinetry, granite countertops and stainless steel appliances; hardwood flooring throughout; 3 bedrooms, 2.5 newly remodeled baths; full basement; and beautiful brick paver patio & fire pit area!