NOT LISTED FOR SALE

1055 E Front St Traverse City, MI 49686

Oak Park Neighborhood

Estimated Value: $545,000 - $761,970

6 Beds
4 Baths
3,138 Sq Ft
$204/Sq Ft Est. Value

Sale Details

Date Sold: January 16, 2019

Last sale price $315,000 $100 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $4,206 / mo

1 Day on Market

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 2019

One 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 Traverse City License #6502132541 Listed on: 10/11/2018

Last Buyer's Agent

Jules Yates

@properties Christie's Int'l

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1895

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: 4 - Plex
  • Style: 2 Story
  • Estimated Year Built: 1895
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1895

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Washer, Dryer, Natural Gas Water Heater
  • Interior Amenities: Hardwood Floors, Mud Room
  • Range: R 14E
  • Total Finished Sf Apx: 3138

Exterior Features

  • Exterior Features: Deck, Sidewalk, Fenced Yard, Seasonal View, Porch, Covered Porch
  • Exterior Finish: Wood
  • Foundation: Full, Finished Rooms, Entrance Outside, Egress Windows
  • Number Of Acres: 0.19
  • Road: Public Maintained, Blacktop, Concrete
  • Roof: Asphalt
  • Water Features: Near Pub.Access W/In 500'

Garage/Parking

  • Primary Garage: Assigned Parking Spaces

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Tv
  • Water: Municipal
  • Heating Cooling Type: Forced Air

Association/Amenities

  • Development Name: BAYSIDE ADDITION

Lot Info

  • Lot Number: 79&80
  • Lot Dimensions: 50X165
  • Zoning Use Restrictions: Commercial

Rental Info

  • Included In Lease: Liability Insurance, Exterior Maintenance, Heating/Cooling, Electric, Water, Sewer, Fire Insurance

Multi Family

  • Total Number Units: 4

MLS Schools

  • Elementary School: Eastern Elementary School
  • HighSchool: Traverse City High School
  • School District: Traverse City Area Public Schools
  • Middle School: Traverse City East Middle School

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2018
Closed on
Jan 15, 2019
Sold by
Bought by
Seller's Agent
Jason Elsenheimer
Coldwell Banker Schmidt Traverse City
Buyer's Agent
Jules Yates
@properties Christie's Int'l
List Price
$324,900
Sold Price
$315,000
Premium/Discount to List
-$9,900
-3.05%
Current Estimated Value
$640,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,993
Avg. Annual Appreciation
10.09%

Purchase Details

Closed on
Feb 17, 2015

Purchase Details

Closed on
Jun 14, 1993
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$315,000 --
-- --
$88,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,980 $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

  • J

    Seller's Agent in 2019

    Jason Elsenheimer

    Coldwell Banker Schmidt Traverse City

  • Jules Yates

    Buyer's Agent in 2019

    Jules Yates

    @properties Christie's Int'l

    (231) 642-9888

    3 in this area

    212 Total Sales

    Jules Yates
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1853948

Northern Great Lakes REALTORS® MLS

APN: 51-482-037-00

Michigan Grand Traverse County Traverse City 49686 Oak Park

1055 E Front St, Traverse City, MI

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.

Northern Great Lakes REALTORS® MLS 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 2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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