Seller's Agent in 2022
Erica Mohr
Real Estate One
(231) 499-5558
11 in this area
118 Total Sales
Estimated Value: $1,332,000 - $1,507,000
The historic Hannah Lay Building, built in 1883, will showcase this downtown, luxury condominium. The main floor of this loft is south-facing and overlooks the historic Opera House and Masonic Building, as well as Downtown and Front Street. The rooftop living area and terrace will offer unobstructed views of West Grand Traverse Bay. This Penthouse Loft is built to your specifications, with the potential for a 4-bedroom, 2.5-bathroom open concept loft. The main floor contains 1,444 square feet, with a second-floor 1,027 square foot loft living area, for a total space containing 2,471 square feet. In addition, you will enjoy a personal outdoor rooftop terrace with a fabulous view of the bay. Twelve foot plus ceilings, floor to ceiling windows, and original brick wall accents are some of the features available. This penthouse, listed at $1,853,250, is purchased in an unfinished shell condition (at $450/sq. ft., equaling $1,111,950) 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. ($741,300), 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.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/17/2022 10/17/22 | Sold | $1,025,000 | -44.7% | $415 / Sq Ft |
| 04/20/2022 04/20/22 | For Sale | $1,853,250 | -- | $750 / Sq Ft |
| 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 | $30,667 | $823,900 | $0 | $0 |
| 2024 | $28,395 | $563,800 | $0 | $0 |
| 2023 | $21,590 | $413,859 | $0 | $0 |
Seller's Agent in 2022
Erica Mohr
Real Estate One
(231) 499-5558
11 in this area
118 Total Sales
Seller Co-Listing Agent in 2022
Lynne Moon
Real Estate One
(231) 946-4040
12 in this area
156 Total Sales
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1898730
APN: 51-709-007-08
Ask me questions while you tour the home.