NOT LISTED FOR SALE

1138 Olive Place Traverse City, MI 49696

Estimated Value: $265,000 - $306,000

3 Beds
1 Bath
1,400 Sq Ft
$204/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $255,000 $182 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,882/month

26 Days on Market

Highlights

  • Countryside Views
  • Vaulted Ceiling
  • Corner Lot
  • Central High School Rated A-
  • Ranch Style House
  • Granite Countertops

About This Home

As of April 2023

Located only minutes to downtown Traverse City sits this 3 bedroom 1 bathroom home built in 2020 in the desirable Traditions neighborhood. You are greeted by an open concept floor plan when you open the front door featuring an island kitchen, granite countertops, abundant cabinetry, stainless steel refrigerator, dishwasher and large space off of the kitchen currently being used as the dining room but could used as a main floor living room as well. Down the hallway is the well situated full bathroom and two spacious bedrooms with oversized closets and large windows allowing for abundant natural light. The main floor laundry area rounds out the first level of the home before following the steps to the partially finished lower level where you will find a large living room, third bedroom with egress window and storage area. This home is also framed for an additional bathroom in the lower level which would make this a 3 bedroom 2 bathroom. This home has been meticulously maintained and is ready for the new owner!

Last Agent to Sell the Property

Sam Flamont

The Mitten Real Estate Group License #6502431112 Listed on: 03/30/2023

Last Buyer's Agent

Kelly Leipprandt

REMAX Bayshore - W Bay Shore Dr TC License #6501395679

REMAX Bayshore - W Bay Shore Dr TC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,168

Year Built

  • Built in 2020

Lot Details

  • 871 Sq Ft Lot
  • Lot Dimensions are 24 x 36
  • Corner Lot
  • Cleared Lot
  • The community has rules related to zoning restrictions

HOA Fees

  • $60 Monthly HOA Fees

Parking

  • Shared Driveway

Home Design

  • Ranch Style House
  • Poured Concrete
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,400 Sq Ft Home
  • Vaulted Ceiling
  • Home Gym
  • Countryside Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Basement Window Egress

Utilities

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

Community Details

Overview

  • Association fees include lawn care, snow removal, trash removal
  • Traditions Community

Amenities

  • Common Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,168

Year Built

Built in 2020

Lot Details

0

HOA Fees

$60 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch
  • Estimated Year Built: 2020
  • Construction: Frame
  • Principal Residence: Yes
  • Section Number: 35
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2020

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Natural Gas Water Heater
  • Interior Amenities: Granite Kitchen Tops, Island Kitchen, Exercise Room, Vaulted Ceilings
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 13x10, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 9x8.6, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 10x10, On Level: Lower Floor, Flooring: Carpet
  • Total Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Primary: No
  • Dining Room: Dimensions: 15xCombo, On Level: Main Floor, Flooring: Vinyl
  • Family Room: Dimensions: 15x12, On Level: Lower Floor, Flooring: Vinyl
  • Kitchen: Dimensions: Combox12, On Level: Main Floor, Flooring: Vinyl
  • Living Room: Dimensions: 13.4x10, On Level: Main Floor, Flooring: Vinyl
  • Estimated Above Ground Finished Sq Ft: 850
  • Estimated Below Grade Finished Sq Ft: 550
  • Estimated Below Grade Unfinished Sq Ft: 300
  • Price Per Sq Ft: 182.14
  • Range: R 11W
  • Total Finished Sf Apx: 1400

Exterior Features

  • Exterior Features: Countryside View
  • Exterior Finish: Vinyl
  • Foundation: Full, Partial, Poured Concrete, Egress Windows, Plumbed for Bath
  • Number Of Acres: 0.02
  • Road: Association, Blacktop
  • Roof: Asphalt

Garage/Parking

  • Driveway: Blacktop, Shared

Utilities

  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: Dimensions: 6x4, On Level: Main Floor, Flooring: Vinyl
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV, WiFi
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Lawn Care, Snow Removal, Trash Removal
  • Association Fees: Monthly
  • Monthly Assn Dues: 60

Association/Amenities

  • Development Amenities: Pets Allowed, Common Area
  • Development Name: TRADITIONS

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Land Features: Corner Lot, Cleared
  • Lot Dimensions: 24 x 36
  • Mineral Rights: Unknown
  • Parcel Description: Site Condo
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2023
Closed on
Apr 28, 2023
Sold by
Nolf Sarah and Nolf Dennis
Bought by
Cargill John
Seller's Agent
Sam Flamont
The Mitten Real Estate Group
Buyer's Agent
Kelly Leipprandt
REMAX Bayshore - W Bay Shore Dr TC
List Price
$265,000
Sold Price
$255,000
Premium/Discount to List
-$10,000
-3.77%
Views
70
Current Estimated Value
$285,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,965
Avg. Annual Appreciation
4.37%

Purchase Details

Closed on
Jan 4, 2017

Purchase Details

Closed on
Nov 9, 2015
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Cargill John $255,000 --
-- $550,000 --
-- -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $255,000 0.0% $182 / Sq Ft
04/04/2023 04/04/23 Price Changed $255,000 -3.8% $182 / Sq Ft
03/30/2023 03/30/23 For Sale $265,000 +51.5% $189 / Sq Ft
10/30/2020 10/30/20 Sold $174,900 0.0% $206 / Sq Ft
09/07/2020 09/07/20 Pending -- -- --
08/23/2020 08/23/20 For Sale $174,900 -- $206 / 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
2025 $3,168 $116,300 $0 $0
2024 $2,140 $118,000 $0 $0
2023 $1,531 $86,100 $0 $0
2022 $2,278 $84,300 $0 $0
2021 $2,323 $86,100 $0 $0
2020 $69 $6,500 $0 $0
2019 $68 $1,500 $0 $0
2018 $0 $1,500 $0 $0
2017 -- $1,200 $0 $0
2016 -- $1,200 $0 $0
2014 -- $3,500 $0 $0
2012 -- $3,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1909449

Northern Great Lakes REALTORS® MLS

APN: 05-319-217-00