NOT LISTED FOR SALE

Estimated Value: $413,940 - $506,000

2 Beds
1 Bath
917 Sq Ft
$495/Sq Ft Est. Value

Last Sold November 03, 2023

Last sale price $395,000 $431 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,509/month

31 Days on Market

Highlights

  • Contemporary Architecture
  • Main Floor Primary Bedroom
  • Granite Countertops
  • Central High School Rated A-
  • Ground Level Unit
  • 2-minute walk to Union Street Dam Park

About This Home

As of November 2023

Turn-Key opportunity! This condo is being sold fully furnished allowing the next owner to utilize as an immediate Airbnb opportunity or a mixture of both, personal use and short-term rental. Maintenance free living steps away from all that Downtown Traverse City has to offer. Walk to restaurants, shops, beaches and more! Enjoy the open floor plan with spacious island kitchen, a built-in desk area and 9' ceilings. There are 2 bedrooms, one full bath and the laundry located in the hall closet. New lighting and premium vinyl plank flooring installed throughout the unit. This condo building has heated ramps and walkways for safety & convenience in the winter months. Adjacent to Old Town Parking Garage where you can obtain a parking pass (monthly or yearly).

Last Agent to Sell the Property

Stacy Allman

MI Properties North Real Estate Group License #6501378259 Listed on: 09/25/2023

MI Properties North Real Estate Group

Last Buyer's Agent

Mike Petrucci

Coldwell Banker Schmidt Traver License #6501448508

Coldwell Banker Schmidt Traver

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,340

Year Built

  • Built in 2014

Lot Details

  • Landscaped
  • The community has rules related to zoning restrictions

HOA Fees

  • $175 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Membrane Roofing
  • Cement Board or Planked

Interior Spaces

  • 917 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Rods

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom
  • Granite Bathroom Countertops

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Additional Features

  • Minimal Steps
  • Ground Level Unit

Community Details

  • Association fees include snow removal, lawn care, exterior maintenance, liability insurance
  • Ivy Terrace Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,340

Year Built

Built in 2014

Lot Details

0

HOA Fees

$175 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Contemporary
  • Estimated Year Built: 2014
  • Construction: Frame
  • Section Number: 3
  • Univs Design Barrier Free: No Steps Entry
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2014

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Exhaust Fan, Blinds, Curtain Rods, Ceiling Fan, Smoke Alarms(s)
  • Interior Amenities: Granite Bath Tops, Granite Kitchen Tops, Island Kitchen
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 11x11, On Level: Main Floor, Flooring: Vinyl
  • Bedroom 2: Dimensions: 11x10, On Level: Main Floor, Flooring: Vinyl
  • Total Bathrooms: 1
  • Primary Bathroom: Shared
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: On Level: Main Floor, Flooring: Vinyl
  • Kitchen: Dimensions: 15x10, On Level: Main Floor, Flooring: Vinyl
  • Living Room: Dimensions: 15x14, On Level: Main Floor, Flooring: Vinyl
  • Estimated Above Ground Finished Sq Ft: 917
  • Price Per Sq Ft: 430.75
  • Range: R 10W
  • Total Finished Sf Apx: 917

Exterior Features

  • Exterior Features: Sidewalk, Landscaped
  • Exterior Finish: Cement Board
  • Foundation: Slab
  • Road: Public Maintained
  • Roof: Membrane

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal, Lawn Care, Exterior Maintenance, Liability Insurance
  • Condo: Yes
  • Condo Unit Access: Limited Steps
  • Condo Unit Level: First Floor Level
  • Association Fees: Monthly
  • Monthly Assn Dues: 175

Association/Amenities

  • Development Amenities: Pets Allowed
  • Development Name: Ivy Terrace

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Parcel Description: Condo/None
  • Zoning Use Restrictions: Residential, Deed Restrictions

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
Sep 25, 2023
Closed on
Nov 3, 2023
Sold by
Hayes Lori and Hayes Timothy
Bought by
Mendiola David
Seller's Agent
Stacy Allman
MI Properties North Real Estate Group
Buyer's Agent
Mike Petrucci
Coldwell Banker Schmidt Traver
List Price
$400,000
Sold Price
$395,000
Premium/Discount to List
-$5,000
-1.25%
Views
174
Current Estimated Value
$453,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,735
Avg. Annual Appreciation
8.47%

Purchase Details

Closed on
Oct 20, 2017
Sold by
Niederstadt Rolland G
Bought by
Hayes Lori Niederstadt and Hayes Timothy J

Purchase Details

Listed on
Oct 1, 2013
Closed on
Jan 26, 2015
Seller's Agent
Bob Rieck
Coldwell Banker Schmidt Traver
Buyer's Agent
Jill Mikula
Keller Williams Northern Michi
List Price
$209,900
Sold Price
$209,000
Premium/Discount to List
-$900
-0.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.68%
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
Mendiola David $395,000 --
Hayes Lori Niederstadt $209,000 --
-- $209,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2023 11/03/23 Sold $395,000 -1.3% $431 / Sq Ft
10/26/2023 10/26/23 Pending -- -- --
09/25/2023 09/25/23 For Sale $400,000 +91.4% $436 / Sq Ft
01/26/2015 01/26/15 Sold $209,000 -0.4% $228 / Sq Ft
01/01/2015 01/01/15 Pending -- -- --
10/01/2013 10/01/13 For Sale $209,900 -- $229 / 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 $10,340 $190,300 $0 $0
2024 $9,575 $180,900 $0 $0
2023 $4,205 $127,100 $0 $0
2022 $4,501 $138,800 $0 $0
2021 $4,413 $127,100 $0 $0
2020 $4,371 $126,100 $0 $0
2019 $4,356 $124,100 $0 $0
2018 $6,217 $111,000 $0 $0
2017 -- $106,800 $0 $0
2016 -- $104,400 $0 $0
2014 -- $62,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1916081

Northern Great Lakes REALTORS® MLS

APN: 51-703-010-00