$299,900
$15K PRICE DROP

1077 Oak Terrace Dr Traverse City, MI 49686

Estimated payment $1,723/month

Total Views 17,986
2 Beds
1 Bath
600 Sq Ft
$500 Price per Sq Ft

Highlights

  • Deck
  • Ranch Style House
  • Fenced Yard
  • Central High School Rated A-
  • Covered Patio or Porch
  • Forced Air Heating and Cooling System

About This Home

If you're looking to get in on the small home trend, you won't find a better option than this in-town remodeled home. The hallmark of this builder/owner is that the thoughtful details he puts into the finished product make the sum of the parts worth more than the whole at face value. Just some of these details include cedar-lined closets with auto lighting, brand-new retro-style appliances, iron brackets affixed to the exterior of the front porch and interior of the carport to secure smaller items like bikes and kayaks, energy-efficient LED lighting and mini split for heating/cooling, stone paved ramps at the front and side entrances, a carport with smoked polycarbonate walls, a steel roof, and suitable hook-ups for charging an electric vehicle, a remote-or-code-controlled gate, and much more. Recent remodeling included a new kitchen and tiled bath, new Pex plumbing and fixtures, new insulated and coded exterior doors, new roof, gutters and downspouts, a new well pressure tank, water softener, water filtration system, and water heater, and so much more. The antique-style gas stove is a secondary heat source and will comfortably heat the entire home in the event of a power outage, or heat with for roughly $60/month. Enjoy the fenced backyard with a sizable garden shed for storage. All this is conveniently located within walking/biking distance to in-town amenities.

Listing Agent

Ben Street

Coldwell Banker Schmidt Traver License #6501380055 Listed on: 06/11/2025

Coldwell Banker Schmidt Traver

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,501

Year Built

  • Built in 1948

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 60x165
  • Fenced Yard
  • Landscaped
  • Level Lot
  • The community has rules related to zoning restrictions

Home Design

  • Ranch Style House
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 600 Sq Ft Home
  • Gas Fireplace
  • Blinds
  • Crawl Space

Kitchen

  • Oven or Range
  • Stove
  • Recirculated Exhaust Fan
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • Gravel Driveway

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Shed
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Water Softener is Owned
  • Cable TV Available

Community Details

  • Metes And Bounds Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,501

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, 1 Story
  • Estimated Year Built: 1948
  • Construction: Frame
  • Section Number: 14
  • Univs Design Barrier Free: Ramped Entrance
  • Year Updated: 2025
  • Year Renovated: 2025
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1948

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Water Softener Owned, Washer, Dryer, Exhaust Fan, Blinds
  • Interior Amenities: Drywall
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 11.00x08.06, On Level: Main Floor, Flooring: Wood
  • Bedroom 2: Dimensions: 11.07x07.10, On Level: Main Floor, Flooring: Wood
  • Total Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: Combox11.02, On Level: Main Floor, Flooring: Wood
  • Kitchen: Dimensions: 11.01x07.03, On Level: Main Floor, Flooring: LVP
  • Living Room: Dimensions: 18.00xCombo, On Level: Main Floor, Flooring: Wood
  • Estimated Above Ground Finished Sq Ft: 600
  • Price Per Sq Ft: 499.83
  • Range: R 11W
  • Total Finished Sf Apx: 600

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Exterior Features: Deck, Fenced Yard, Covered Porch, Landscaped, Gutters
  • Exterior Finish: Vinyl
  • Foundation: Crawl Space
  • Number Of Acres: 0.23
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Garage/Parking

  • Driveway: Gravel
  • Primary Garage: Carport

Utilities

  • Fireplaces And Stoves: Gas, Stove
  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: Dimensions: 04.06x03.00, On Level: Main Floor, Flooring: Other
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Private Well

Association/Amenities

  • Development Name: Metes and Bounds

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Land Features: Level
  • Lot Dimensions: 60x165
  • Mineral Rights: Unknown
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Traverse City Area Public Schools

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $1,501 $63,800 $0 $0
2024 $1,209 $88,400 $0 $0
2023 $1,154 $40,000 $0 $0
2022 $1,366 $49,000 $0 $0
2021 $1,322 $40,000 $0 $0
2020 $1,308 $34,700 $0 $0
2019 $1,300 $30,100 $0 $0
2018 $0 $26,600 $0 $0
2017 -- $33,400 $0 $0
2016 -- $32,900 $0 $0
2014 -- $33,600 $0 $0
2012 -- $34,500 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 Price Changed $299,900 -4.8% $500 / Sq Ft
06/11/2025 06/11/25 For Sale $314,900 -- $525 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed -- --
Deed $100 --
Deed -- --
Deed $68,500 --
Source: Public Records

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1934957

Northern Great Lakes REALTORS® MLS

APN: 05-014-106-00