Silver Lake Michigan Real Estate

There are currently 6 blog entries related to this category.

Mark You Calander - Lighthouse Festival June 2-3

Friday, May 18th, 2012 at 9:43am. 16 Views, 0 Comments.

Sable Point Lighthouse Keepers Association will be holding their first ever "Lighthouse Festival" in a couple of weeks.  The event looks to be a pretty good time!  There will be live music, craft fair, and more.

Big Sable Point Lighthouse Ludington, MI
Ludington North Breakwater Light Ludington, MI
Little Point Sable Lighthouse Mears, MI
White River Light Station Whitehall, MI

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How to Calculate Property Taxes when Buying a Home

Monday, March 12th, 2012 at 10:34am. 163 Views, 0 Comments.

One question I often hear when working with buyers in the real estate market is, "How much will my property taxes be?"  Often, they want to know what they are currently.  This information is publicly available and is on the MLS listing sheet, however, it is not a very accurate way to determine what the taxes would be once you purchase the property.  This is because they may be locked in at a higher or lower level from an historical real estate transaction or the property might be homesteaded differently than how you will hold title.

The information you will need to know is:

  1. Current Millage Rate
  2. SEV (State Equalized Value)
  3. Homestead? (Yes or No)

Milage Rate

The millage rate is is the annual tax rate per $1,000 in SEV.  For…

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Silver Lake Michigan - Jan 2012 Sold Properties

Wednesday, February 29th, 2012 at 3:29pm. 97 Views, 0 Comments.

There was only one closing in January in the Silver Lake area (Mears zip code 49436), but it was a big one!

SOLD Properties      
Address City Bd Bth SqFt LotSz Sale Price
8417 W Harrison Mears 5 3 (3 0) 1,982 5.200ac 490,000

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Silver Lake Michigan Real Estate Stats - 2011 Sold Data Analysis

Friday, February 3rd, 2012 at 7:12am. 117 Views, 0 Comments.

Last Year, there were 32 homes sold in the Silver Lake, Mears Michigan area (49436 Zip Code).  They ranged in price from $30,000 to $399,900.  The average home sold for $125,510 in 182 days at 97.1% of full listing price.  There are currently 42 homes on the market, so that calculates into about 16 months of supply.  With this much "supply," it is important to price a home appropriately in order to sell it in a reasonable amount of time.  A deeper look into the numbers reveals that although the average home sold for 97% of the listing price, the original asking price was higher.  The average home sold for 91% of the original list price.

 

2011 Silver Lake Real Estate Sales

Address     Sales…

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Waterfront Real Estate on Silver Lake - 2011 Market Data Analysis

Thursday, January 26th, 2012 at 8:22pm. 65 Views, 0 Comments.

In 2011, there were 3 homes on Silver Lake that sold:

2011 Real Estate Sales on Silver Lake
Address Sale Price
8524 W Silver Lake Road $399,900
8829 N Duna Vista Drive $215,000
9248 W Silver Lake Rd $380,000

The average price for a home on Silver Lake was $331,633.  The average amount of time it took to sell was 183 days (or about 6 months) and the average home sold for $221 per square foot at 95% of the listing price.

There are currently 5 waterfront homes for sale on the lake.  One is on the channel and one is a condo, so there are 3 single family homes that are actually on Silver Lake.  They range in price from $324,999 to $565,000.

With 3 homes on the market and 3 homes sold last year,…

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Our Website is Getting a Facelift

Saturday, January 21st, 2012 at 11:59am. 88 Views, 0 Comments.

Starting this spring, Maplewood Homes will no longer need to share a website with Greenridge Realty.  This site will then be free to focus exclusively on the areas I serve as a real estate agent, specifically, Silver Lake Michigan, Pentwater, and Oceana County (plus Ludington).  In a few weeks' time we will be launching a brand new Maplewood Homes website that will be better than ever!  Stay tuned...

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