NOT LISTED FOR SALE

109 E Front St Unit 307 Traverse City, MI 49684

Downtown Traverse City Neighborhood

Estimated Value: $1,546,000 - $1,795,188

3 Beds
3 Baths
2,431 Sq Ft
$697/Sq Ft Est. Value

Last Sold July 07, 2022

Last sale price $1,148,865 $473 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $12,752/month

51 Days on Market

Highlights

  • Bay View
  • Colonial Architecture
  • Main Floor Primary Bedroom
  • Central High School Rated A-
  • Cathedral Ceiling
  • 4-minute walk to Lay Park

About This Home

As of July 2022

The historic Hannah Lay Building, built in 1883, will showcase this premier downtown, luxury condominium. Perched on the north side of the building, this loft overlooks the marina and has unobstructed views of West Grand Traverse Bay. This Penthouse Loft is built to your specifications, with the potential for a 3-bedroom, 3-bathroom open concept condominium. The main floor contains 1,865 square feet, with a 566 square foot open loft area, for a total space containing 2,431 square feet. This condo features a large bayside room with ceiling heights up to 18’ 6” that make fantastic use of the 10-foot tall windows. Oversized French doors provide the gateway onto your balcony, overlooking the Farmers Market, the Bijou Theater, and the Bay. This penthouse, listed at $1,853,250 is purchased in an unfinished shell condition (at $450/sq. ft., equaling $1,093,950) which makes the unit your blank canvas. You and the builder will fully customize the buildout of your condo to make your dream home a reality. The buildout budget included in the listing price is $300/sq. ft. ($729,300), which can be adjusted to the new owner’s specific wants and needs. Residents will have the option to purchase up to two underground parking spaces. This building has two elevator banks located conveniently at each end of the building. With only 3 lofts remaining, this historical project is like no other. Make downtown Traverse City your home.

Last Listed By

Erica Mohr

REO-TCRandolph-233022 License #6501388991 Listed on: 04/20/2022

REO-TCRandolph-233022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,117

Year Built

  • Built in 1883

Lot Details

  • 741

HOA Fees

  • $798 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Craftsman Architecture
  • Contemporary Architecture
  • Victorian Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Membrane Roofing
  • Steel Siding

Interior Spaces

  • 2,431 Sq Ft Home
  • Beamed Ceilings
  • Cathedral Ceiling
  • Entrance Foyer
  • Great Room
  • Den
  • Loft
  • Bay Views
  • Intercom

Kitchen

  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Bathrooms
  • Granite Bathroom Countertops

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Drive Under Main Level

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Balcony
  • The community has rules related to zoning restrictions

Community Details

Overview

  • Association fees include exterior maintenance, sewer, trash removal, water
  • The Lofts At Hannah Lay Community

Amenities

  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,117

Year Built

Built in 1883

Lot Details

0

HOA Fees

$798 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Colonial, Contemporary, Victorian, Craftsman
  • Percent Of Remodel: 100
  • Estimated Year Built: 1883
  • Construction: Brick, Timber Frame, Steel, Under Construction
  • Section Number: 4
  • Univs Design Barrier Free: Elevator
  • Year Updated: 2022
  • Year Renovated: 2022
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 1883

Interior Features

  • Appliances Equipment: Natural Gas Water Heater, Smoke Alarms(s)
  • Interior Amenities: Cathedral Ceilings, Foyer Entrance, Walk-In Closet(s), Pantry, Loft, Granite Bath Tops, Granite Kitchen Tops, Island Kitchen, Great Room, Den/Study, Intercom, Beamed Ceilings, Vaulted Ceilings
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 12.00x12.00, On Level: Main Floor, Flooring: Other
  • Bedroom 2: Dimensions: 12x12, On Level: Main Floor, Flooring: Other
  • Bedroom 3: Dimensions: 12x12, On Level: Upper Floor, Flooring: Other
  • Total Bathrooms: 3
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 2
  • Number of Three Quarter Bathrooms: 3
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 15x15, On Level: Main Floor, Flooring: Other
  • Kitchen: Dimensions: 12.00x12.00, On Level: Main Floor, Flooring: Other
  • Living Room: Dimensions: 15x12.00, On Level: Main Floor, Flooring: Other
  • Estimated Above Ground Finished Sq Ft: 2431
  • Price Per Sq Ft: 472.59
  • Range: R 11W
  • Total Finished Sf Apx: 2431

Exterior Features

  • Exterior Features: Bay View, Balcony, Sidewalk
  • Exterior Finish: Brick
  • Foundation: Poured Concrete
  • Road: Blacktop, Concrete
  • Roof: Membrane
  • Water Features: Water View, Bay View

Garage/Parking

  • Driveway: Blacktop, Concrete
  • Garage Capacity: 2
  • Primary Garage: Attached, Drive Under/Built-In, Door Opener, Alley Entrance, Heated

Utilities

  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: On Level: Main Floor
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV, Cable Internet, WiFi
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Sewer, Trash Removal, Water
  • Condo: Yes
  • Condo Unit Access: Elevator, Stairway (Indoor)
  • Condo Unit Level: Third Floor Lvl or Higher
  • Association Fees: Monthly
  • Monthly Assn Dues: 797.55

Association/Amenities

  • Development Amenities: Pets Allowed
  • Development Name: The Lofts at Hannah Lay

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Mineral Rights: Unknown
  • Parcel Description: Condo/None
  • Zoning Use Restrictions: Residential, Commercial

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Traverse City Area Public Schools

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2022 07/07/22 Sold $1,148,865 -37.0% $473 / Sq Ft
04/20/2022 04/20/22 For Sale $1,823,250 -- $750 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Tax History Compared to Growth

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
2024 $30,117 $864,500 $0 $0
2023 $27,745 $531,901 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Erica Mohr

    Seller's Agent in 2022

    Erica Mohr

    Real Estate One

    (231) 499-5558

    11 in this area

    137 Total Sales

    Erica Mohr
    Section Image
  • Lynne Moon

    Seller Co-Listing Agent in 2022

    Lynne Moon

    Real Estate One

    (231) 946-4040

    12 in this area

    167 Total Sales

    Lynne Moon
    Section Image
  • Bob Brick

    Buyer's Agent in 2022

    Bob Brick

    RE/MAX Michigan

    (231) 715-1464

    16 in this area

    750 Total Sales

    Bob Brick
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1898729

Northern Great Lakes REALTORS® MLS

APN: 51-709-005-07

Michigan Grand Traverse County Traverse City 49684 Downtown Traverse City

109 E Front St Unit 307, Traverse City, MI

Homes for Sale in Traverse City, MI

This home is located at 109 E Front St Unit 307, Traverse City, MI 49684 since 20 April 2022 and is currently estimated at $1,695,396, approximately $697 per square foot. This property was built in 1883. 109 E Front St Unit 307 is a home located in Grand Traverse County with nearby schools including Central Grade School, East Middle School, and Central High School.

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 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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