8350 E Horn Road, Lake Leelanau – SOLD

SOLD SUTTONS BAY HOME ON ACREAGE

LISTING SOLD by Oltersdorf Realty LLC on 6/3/2021
8350 E Horn Road, Lake Leelanau, MI – Charming Newer Home + Guest Cottage on 4.9 Acres!
Price: $410,000

Absolutely charming countryside cottage situated on a partially wooded 4.9 acre private parcel! This custom high-quality energy efficient home built in 2017 features one floor living, 2 bedrooms & 1 bath, an open great room with vaulted wood ceilings, white kitchen cabinets with granite countertops, luxury vinyl flooring throughout, attractive covered front porch, rear deck & patio, Pella windows, SmartSide siding & trim, and an adorable 1 bedroom & 1 bath freestanding guest cottage with a fantastic rental history! Wonderful setup for a low-maintenance year-round primary home, seasonal Leelanau County 2nd home, or utilize entirely as a vacation rental property! Beautiful tranquil setting that you instantly appreciate as soon as you pull into the driveway. Located just minutes from Suttons Bay, Leland, and Lake Leelanau!! Extra-large septic system offers potential for a future home expansion! *Sq footage is a combined total of the house and the guest cottage. Main house is 816 sq ft, guest apartment is 192 sq ft.

11.20 Acres – S Rosinski Road, Cedar - SOLD

SOLD CEDAR VACANT ACREAGE PARCEL

LISTED & SOLD by Oltersdorf Realty LLC on 5/25/2021
S Rosinski Road, Cedar, MI - Vacant 11.20 Acre Wooded Parcel
Asking Price: $120,000

Beautiful 11.20 acre vacant parcel offering gently rolling hardwoods and no restrictions (except for no mobile homes)! Located on a paved county road in central Leelanau County just 1.5 miles from a township waterfront park on South Lake Leelanau and 3.5 miles from downtown Cedar! Adjacent acreage parcels to the north and east both have conservation easements limiting future development on surrounding land. Directions to parcel: 0.8 miles N from Rosinski Road / S Lake Shore Dr (643) intersection.

106 W Nagonaba Street, Northport - SOLD

SOLD NORTHPORT COMMERCIAL BUILDING

SOLD by Oltersdorf Realty LLC on 5/17/2021
106 W Nagonaba Street, Northport, MI - Village of Northport Commercial Building
Asking Price: $297,000

Best location in Northport! This commercial building within the center of the Village of Northport features plenty of parking, walking traffic, and has 2100 sq ft of space! The new owner will be looking for a new tenant in late 2020/early 2021!

13802 S West Bay Shore Drive #11, Traverse City – SOLD

SOLD TRAVERSE CITY CONDOMINIUM

LISTING SOLD by Oltersdorf Realty LLC on 5/12/2021
13802 S West Bay Shore Drive #11, Traverse City, MI – Traverse City Condo with Bay Views on the TART!
Asking Price: $614,900

Wonderful Edgewater Lofts condominium located directly on the TART Trail near downtown Traverse City! This newer 3 level condominium features water views, 2200+ sq ft, 3 bedrooms & 3 baths, private garage, sauna, multiple decks, near public access on West Bay, and so much more! *Photos provided by Aspire North Realtors.

3736 S Lee Point Road, Suttons Bay - SOLD

SOLD SUTTONS BAY WATERFRONT VACANT PARCEL

SOLD by Oltersdorf Realty LLC on 5/10/2021
3736 S Lee Point Road, Suttons Bay, MI - 3.00 Acre Parcel with 150’ on West Bay
Asking Price: $595,000

Incredible 3.00 acre parcel on desirable Lee Point featuring a private “park like” setting and 150’ of sandy southern facing frontage on West Grand Traverse Bay!

600 E Front Street Unit #37, Traverse City - SOLD

SOLD DOWNTOWN TRAVERSE CITY CONDOMINIUM

LISTING SOLD by Oltersdorf Realty LLC on 4/23/2021
600 E Front Street #37, Traverse City, MI – Modern Downtown Traverse City Condo with Bay Views!
Asking Price: $730,000

This luxury modern penthouse condominium enjoys sweeping elevated views of Grand Traverse Bay, a stunning contemporary interior with an open great room, state of the art quality finishes and built-ins, custom kitchen cabinetry, spacious master suite and bath, hardwood floors and wool carpeting, large tiled open terrace ideal for entertaining, and an invaluable attached private drive-up garage! Unparalleled privacy and convenience in a fabulous location perched high above a signature Traverse City building just a short 2 block walk to downtown shops, dinner, beaches, and entertainment! Urban living at its finest!

10017 E Lakeview Hills Road, Traverse City - SOLD

SOLD TRAVERSE CITY HOME

LISTED & SOLD by Oltersdorf Realty LLC on 4/23/2021
10017 E Lakeview Hills Road, Traverse City – 4 Bedroom & 2.5 Bath Home with Shared West Bay Frontage!
Asking Price: $350,000

Immaculate move-in ready home situated within a wonderful neighborhood offering 230’ of shared West Bay sandy water frontage! This exceptionally well-maintained one owner home features ~2,026 finished sq ft, 4 bedrooms & 2.5 baths including a private master bath, main floor living room and lower level family room both with wood burning fireplaces, newer Pella windows & doors, natural gas furnace plus heat pump/air conditioner, workshop, attached 24x40 garage, and a long list of updates! The spacious 0.56 acre level lot has a large yard with an underground sprinkler system and garden, rear composite deck, and is located on a quiet county maintained paved road just 7 miles to downtown Traverse City!

5065 Harris Road, Traverse City – SOLD

SOLD TRAVERSE CITY HOME ON ACREAGE

LISTING SOLD by Oltersdorf Realty LLC on 4/22/2021
5065 Harris Road, Traverse City, MI – Ranch Home with Outbuildings on 13 Acres near Downtown!
Asking Price: $411,000

Rare opportunity to purchase a home with multiple outbuildings and 13.21 acres located just 2.5 miles from Downtown Traverse City! The 1950’s home features 3 bedrooms and 1 bath, approximately 1,360 finished sq ft, main floor laundry, and a partial unfinished basement. Step outside to a cherished 36’x28’ heated pole barn with two 10’x16’ overhead doors, a 3 car detached garage, and a ~2,730 sq ft barn! Many exciting uses could potentially exist for this property such as a single family fixer-upper, agricultural operations, horse property, raising and keeping of small animals/livestock, or possibly be split into several building sites. Zoning is Agricultural, municipal water is available along Cedar Run Road.

Unit #24, S Bay Valley Drive, Suttons Bay – SOLD

SOLD SUTTONS BAY WATER VIEW PARCEL

SOLD by Oltersdorf Realty LLC on 4/15/2021
Unit #24, S Bay Valley Drive, Suttons Bay, MI - 2.70 Acre Water View Vacant Lot
Asking Price: $149,900

Large 2.70 acre Suttons Bay vacant parcel offering elevated West Grand Traverse Bay water views, views of Lee Point, and 800 feet of shared waterfrontage on West Bay within the established Bay Valley Estates subdivision in Bingham Township! Wonderful Leelanau County location just 5 minutes to Suttons Bay and 10 minutes to Traverse City!

35 Acres – S Lake Leelanau Drive, Lake Leelanau – SOLD

SOLD SUTTONS BAY TOWNSHIP ACREAGE PARCEL

LISTING SOLD by Oltersdorf Realty LLC on 3/23/2021
35 Acres – S Lake Leelanau Drive, Lake Leelanau, MI – Water View Vacant Acreage
Asking Price: $259,000

Beautiful heavily wooded and rarely available acreage located within Suttons Bay Township! This property features western facing sloping topography with sunset water views from the back of the property/ridgetop, several potential building sites, access to natural gas and cable at the road, no restrictions, and includes 1 remaining land division. Quiet location just 6 miles to Suttons Bay and 2 miles to Lake Leelanau.

S Celtic Lane Parcel “A”, Suttons Bay – SOLD

SOLD SUTTONS BAY VIEW PARCEL

LISTING SOLD by Oltersdorf Realty LLC on 3/8/2021
S Celtic Lane Parcel “A”, Suttons Bay, MI - Vacant 1.03 Acre Water View Lot
Asking Price: $55,000

This beautiful Leelanau County 1.03 acre partially wooded building site offers potential for sunrise water views of West Grand Traverse Bay with selective tree cutting! Fantastic countryside location off of a private drive just minutes from the charming year-round Village of Suttons Bay and within a short drive to downtown Traverse City! Road maintenance agreement and reasonable restrictions in place (1,500+ sq ft for a 1 story home and 1,800+ sq ft for a 2 story home).

11.27 Acres – S Elm Valley Road, Suttons Bay – SOLD

SOLD SUTTONS BAY ACREAGE PARCEL

LISTED & SOLD by Oltersdorf Realty LLC on 2/23/2021
11.27 Acres – S Elm Valley Road, Suttons Bay, MI – Water View Vacant Acreage
Asking Price: $195,000

Rare hard to find acreage located between Suttons Bay & Traverse City offering potential for year-round West Bay water views! This property features a variety of sloping and level topography with several potential ridgetop building sites, beautiful hardwoods throughout, access to natural gas and cable, and no association control over the property (only restrictions are no mobile, sectional, or modular homes). Quiet location just 10 minutes to Traverse City and 5 minutes to Suttons Bay!

2020 Leelanau County Year-End Waterfront Home Sales Data

2020 Leelanau County Year-End Waterfront Home Sales Data

Average Sales Price: +2.06%
Median Sales Price: +6.35%

Leelanau County Private Waterfront Home Sales data 2004-2020 for houses with private water frontage on Lake Michigan, West Bay, West Grand Traverse Bay, Grand Traverse Bay, Suttons Bay, Omena Bay, Northport Bay, Big Glen Lake, Little Glen Lake, Glen Lake, North Lake Leelanau, South Lake Leelanau, Lake Leelanau, Little Traverse Lake, and Lime Lake. 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 water frontage and "across the road" private waterfront. This excludes condominiums and homes with shared access, creek frontage, river frontage, and pond frontage.

This report is based upon sales information obtained from the Northern Great Lakes Realtors MLS. 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

What did Leelanau County Homebuyer’s Purchase in 2020?

In Leelanau County there were 532 residential home sales throughout 2020. What did Leelanau County homebuyer’s purchase last year?

(click photos below to enlarge)

65% of all 2020 Leelanau County homes sales sold between $100,000-$500,000, Leland and Elmwood Township combined for 32% of all residential sales volume, 41% of all home sales were waterfront or condominiums, and 34% of all sales were cash purchases. Purchasing a home in 2020 often led to multiple offers due to extremely low home inventory. Our home inventory peaked at approximately 40% of the total inventory we had a decade ago. Supply is now well under 6 months of inventory which puts us in a very strong Seller’s market.

This report is based upon sales information obtained from the Northern Great Lakes Realtors MLS. 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 

2020 Leelanau County Year-End Vacant Land Sales Data

2020 Leelanau County Year-End Vacant Land Sales Data

Units Sold: +64.32%
Volume Sold: +60.04%

(click photos below to enlarge)

The 2020 year end (January 1 – December 31) vacant land sales data have been posted in the graphs above. The vacant land sales statistics compare real estate vacant parcels sold in Leelanau County from January 1, 2004 through December 31, 2020. 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.

Vacant land sales saw a significant increase in interest and sales throughout 2020 compared to 2019. Total units sold increased from 199 to 327, volume sold increased from $26.44 million to $42.32 million!

This report is based upon sales information obtained from the Northern Great Lakes Realtors MLS. 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 

2020 Grand Traverse County Home Sales Data

2020 Grand Traverse County Year-End Home Sales Data

Volume Sold: +6.48%
Average Sales Price: +12.66%
Median Sales Price: +8.04%
Units Sold: -5.48%

(click photos below to enlarge)

The 2020 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, 2020 through December 31, 2020 to the same time period in 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, and 2011. 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.

Overall Grand Traverse County residential home sales in 2020 continued to set new all-time record highs in most categories. In 2020 Grand Traverse County Home Sales Units Sold decreased -5.48% due to lack of inventory, Volume Sold increased +6.48%, Average Sales Price increased +12.66%, and Median Sales Price increased +8.04%.

This report is based upon sales information obtained from the Northern Michigan Realtors MLS from 2004-2020. 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  

 

11629 E Belanger Woods Dr, Suttons Bay - SOLD

SOLD SUTTONS BAY ACREAGE PARCEL

LISTING SOLD by Oltersdorf Realty LLC on 1/20/2021
11629 E Belanger Woods Drive, Suttons Bay, MI - 8.50 Acres 3 Miles North of Suttons Bay
Asking Price: $69,500

Beautiful rolling and wooded large acreage building site offering complete privacy, seasonal Bay Views, numerous possible building locations, and approved drain field site. Area of quality homes surrounded by natural surroundings on a paved private drive with underground utilities including natural gas, electric, and cable. Ideal location just 3 miles north of Suttons Bay!

2020 Leelanau County Building Permits

There is no doubt that Leelanau County Contractors had a challenging start to 2020 with the Covid-19 lock down restrictions that were put in place. Once construction started to open up many homeowners were also hesitant to allow contractors in their occupied homes to complete remodels. Although the number of permits dropped to 457 and the value of the permits dropped to a total of $44.72 million the contractors that we have spoken to recently are now as busy as ever! We expect 2021 to bring a return of the construction numbers back to 2017-2019 figures after a very unusual 2020.

2021 Current Lake Michigan Water Levels

2021 Current Lake Michigan Water Levels

Some good news for many waterfront property owners on Lake Michigan as the most recent readings indicate that water levels are now -7 inches lower compared to this time last year. January 2020 - July 2020 saw record high water levels on Lake Michigan.

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 January 15, 2021.  

January 15, 2021                   580.97 feet

Difference from January 15, 2020: -7 inches
Difference from long term average: +31 inches
Difference from highest monthly average (1987): -4 inches
Difference from lowest monthly average (2013): +59 inches
Projected change in levels by Feb 15, 2021: -1 inches

Click here to open/download the full report for the current month:
http://lre-wm.usace.army.mil/reports/GreatLakes/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/Great-Lakes-Information/Great-Lakes-Water-Levels/Water-Level-Forecast/Weekly-Great-Lakes-Water-Levels/

7500 S Lakeview Road, Traverse City – SOLD

SOLD SOUTH LAKE LEELANAU WATERFRONT HOME

LISTED & SOLD by Oltersdorf Realty LLC on 1/8/2021
7500 S Lakeview Road, Traverse City, MI – Ranch Home with 192’ on South Lake Leelanau
Asking Price: $749,000

Spacious direct waterfront ranch home located on an exceptionally deep 3.82+ acre wooded parcel offering 192’ of desirable western facing private water frontage on South Lake Leelanau! This classic Leelanau cottage features 2,224 finished sq ft of living space, 5 bedrooms, 2.5 baths, beamed cathedral ceilings, hardwood flooring throughout, and unlimited potential for future updates. Exceptionally quiet setting set back from the roadway in a perfect location just 10 miles from Downtown Traverse City! Survey and permit for a future replacement drainfield on file.