J
Seller's Agent in 2019
Jason Elsenheimer
Coldwell Banker Schmidt Traver
1055 E Front St Traverse City, MI 49686
Oak Park NeighborhoodEstimated Value: $485,000 - $1,002,058
6
Beds
4
Baths
3,138
Sq Ft
$218/Sq Ft
Est. Value
Highlights
- Public Water Access
- Deck
- Wood Flooring
- Central High School Rated A-
- Seasonal View
- 2-minute walk to Traverse City State Park
About This Home
As of January 2019One of a kind opportunity located on Traverse City's busiest intersection! Commercially zoned home converted into 4 nice conforming apartments. none of the tenants own cars because you are an easy bike ride from downtown Traverse City,Or just accross the street from a dip in West Grand Traverse Bay and Bryant Park. The rents have NEVER been raised and are way under market!One clean studio apartment is in lower level with its own private entrance. Raise the rents to market and cash flow until someone has to have the property for a drug store,motel, or condo project.Or just let it earn! This property makes great sense. Showings will be scheduled to accomadate tenants if possible.
Last Agent to Sell the Property
Jason Elsenheimer
Coldwell Banker Schmidt Traver License #6502132541 Listed on: 10/11/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1895
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 50x165
- Fenced Yard
- The community has rules related to zoning restrictions
Parking
- Assigned Parking
Home Design
- Frame Construction
- Asphalt Roof
- Wood Siding
Interior Spaces
- 3,138 Sq Ft Home
- 2-Story Property
- Mud Room
- Wood Flooring
- Seasonal Views
- Oven or Range
Laundry
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Basement Window Egress
Outdoor Features
- Public Water Access
- Deck
- Covered Patio or Porch
Schools
- Eastern Elementary School
- Traverse City East Middle School
- Traverse City High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
- Cable TV Available
Community Details
- 4 Units
- Bayside Addition Community
Listing and Financial Details
- Rent includes liability insurance, exterior maintenance, heating/cooling, electric, water, sewer, fire insurance
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 11, 2018
Closed on
Jan 15, 2019
Sold by
Lammers T C Properties Llc
Bought by
Henson Adam Bradley
Seller's Agent
Jason Elsenheimer
Coldwell Banker Schmidt Traver
Buyer's Agent
Jules Yates
REMAX Bayshore - Union St TC
List Price
$324,900
Sold Price
$315,000
Premium/Discount to List
-$9,900
-3.05%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$368,765
Avg. Annual Appreciation
11.78%
Purchase Details
Closed on
Feb 17, 2015
Purchase Details
Closed on
Jun 14, 1993
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Henson Adam Bradley | $315,000 | -- | |
| -- | -- | -- | |
| -- | $88,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/16/2019 01/16/19 | Sold | $315,000 | -3.0% | $100 / Sq Ft |
| 10/12/2018 10/12/18 | Pending | -- | -- | -- |
| 10/11/2018 10/11/18 | For Sale | $324,900 | -- | $104 / Sq Ft |
Source: Northern Great Lakes REALTORS® MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,458 | $248,500 | $0 | $0 |
| 2024 | $8,738 | $238,200 | $0 | $0 |
| 2023 | $8,197 | $162,000 | $0 | $0 |
| 2022 | $8,458 | $191,700 | $0 | $0 |
| 2021 | $8,254 | $162,000 | $0 | $0 |
| 2020 | $8,164 | $147,400 | $0 | $0 |
| 2019 | $3,831 | $121,500 | $0 | $0 |
| 2018 | $3,748 | $114,600 | $0 | $0 |
| 2017 | -- | $97,000 | $0 | $0 |
| 2016 | -- | $87,000 | $0 | $0 |
| 2014 | -- | $84,900 | $0 | $0 |
| 2012 | -- | $79,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Jules Yates
Buyer's Agent in 2019
Jules Yates
RE/MAX Michigan
(231) 642-9888
3 in this area
227 Total Sales
Map
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1853948
APN: 51-482-037-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
Copyright 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
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