NOT LISTED FOR SALE

Estimated Value: $383,618 - $509,000

2 Beds
1 Bath
861 Sq Ft
$490/Sq Ft Est. Value

Last Sold July 19, 2024

Last sale price $375,000 $436 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,023/month

9 Days on Market

Highlights

  • Contemporary Architecture
  • Great Room
  • Elevator
  • Central High School Rated A-
  • Granite Countertops
  • 2-minute walk to Union Street Dam Park

About This Home

As of July 2024

Fully furnished downtown Ivy Terrace condo just waiting to become your turnkey vacation getaway and/or investment property! Enjoy low-maintenance ownership featuring two bedrooms, granite kitchen countertops, stainless steel appliances, hickory engineered wood floors,and large windows for an abundance of natural light. Completely furnished! This condo building is attached by heated walkway to the Old Town Parking Garage. All the conveniences of downtown living right outside your door. Short-term rentals are allowed with a three-night minimum.

Last Agent to Sell the Property

Dean Baker

REMAX Bayshore - Union St TC License #6501270204 Listed on: 06/28/2024

REMAX Bayshore - Union St TC

Last Buyer's Agent

Julia Bloxsom-Phelps

REO-TCRandolph-233022 License #6501251093

REO-TCRandolph-233022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,136

Year Built

  • Built in 2014

Lot Details

  • Level Lot
  • The community has rules related to zoning restrictions

HOA Fees

  • $350 Monthly HOA Fees

Parking

  • Drive Under Main Level

Home Design

  • Contemporary Architecture
  • Ranch Style House
  • Poured Concrete
  • Frame Construction
  • Membrane Roofing
  • Stone Siding

Interior Spaces

  • 861 Sq Ft Home
  • Great Room

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Granite Bathroom Countertops

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System

Community Details

Overview

  • Association fees include trash removal, snow removal, exterior maintenance
  • Ivy Terrace Condo Community

Amenities

  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,136

Year Built

Built in 2014

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, Contemporary, 1 Story
  • Estimated Year Built: 2014
  • Construction: Frame
  • Section Number: 3
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 2014

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer
  • Interior Amenities: Pantry, Granite Bath Tops, Granite Kitchen Tops, Island Kitchen, Great Room
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 11x11, On Level: Main Floor, Flooring: Wood
  • Bedroom 2: Dimensions: 11x10, On Level: Main Floor, Flooring: Wood
  • Total Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Primary: Yes
  • Kitchen: Dimensions: 15x10, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 15x14, On Level: Main Floor, Flooring: Wood
  • Estimated Above Ground Finished Sq Ft: 861
  • Price Per Sq Ft: 435.54
  • Range: R 11W
  • Total Finished Sf Apx: 861

Exterior Features

  • Exterior Features: Sidewalk
  • Exterior Finish: Stone
  • Foundation: Poured Concrete
  • Road: Public Maintained, Blacktop
  • Roof: Membrane

Garage/Parking

  • Driveway: Concrete
  • Primary Garage: Drive Under/Built-In

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Trash Removal, Snow Removal, Exterior Maintenance
  • Condo: Yes
  • Condo Unit Access: Elevator, Stairway (Outdoor)
  • Condo Unit Level: Second Floor Level
  • Association Fees: Monthly
  • Monthly Assn Dues: 350

Association/Amenities

  • Development Name: Ivy Terrace Condo

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Land Features: Level
  • Parcel Description: Condo/None
  • Zoning Use Restrictions: Residential, Building-Use 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
Jun 28, 2024
Closed on
Jul 19, 2024
Sold by
Barghahn Paul
Bought by
Renaud George
Seller's Agent
Dean Baker
REMAX Bayshore - Union St TC
Buyer's Agent
Julia Bloxsom-Phelps
REO-TCRandolph-233022
List Price
$389,000
Sold Price
$375,000
Premium/Discount to List
-$14,000
-3.6%
Views
28
Current Estimated Value
$421,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,655
Avg. Annual Appreciation
10.09%

Purchase Details

Listed on
Aug 9, 2017
Closed on
Oct 4, 2017
Sold by
Gary Drury
Bought by
Barghahn Paul C and Barghahn Mary K
Seller's Agent
Linda Schaub
REO-TCRandolph-233022
Buyer's Agent
Mark Keely
Golden Swan Management
List Price
$239,500
Sold Price
$239,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.84%

Purchase Details

Listed on
Mar 28, 2016
Closed on
Oct 4, 2016
Seller's Agent
Mike Cummings
TCAREA.COM, LLC
Buyer's Agent
Shelly Drossart
REO-TCFront-233021
List Price
$282,000
Sold Price
$235,000
Premium/Discount to List
-$47,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.88%

Purchase Details

Listed on
Oct 1, 2013
Closed on
Sep 23, 2014
Seller's Agent
Bob Rieck
Coldwell Banker Schmidt Traver
Buyer's Agent
Mike Cummings
TCAREA.COM, LLC
List Price
$204,900
Sold Price
$205,050
Premium/Discount to List
$150
0.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.95%
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
Renaud George $375,000 --
Barghahn Paul C $239,500 --
-- $235,000 --
-- $205,100 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/19/2024 07/19/24 Sold $375,000 -3.6% $436 / Sq Ft
06/28/2024 06/28/24 For Sale $389,000 +62.4% $452 / Sq Ft
10/10/2017 10/10/17 Sold $239,500 0.0% $278 / Sq Ft View Prior Sale
10/09/2017 10/09/17 Pending -- -- --
08/09/2017 08/09/17 For Sale $239,500 +1.9% $278 / Sq Ft
10/04/2016 10/04/16 Sold $235,000 -16.7% $256 / Sq Ft View Prior Sale
09/26/2016 09/26/16 Pending -- -- --
03/28/2016 03/28/16 For Sale $282,000 +37.5% $308 / Sq Ft
09/23/2014 09/23/14 Sold $205,050 +0.1% $224 / Sq Ft View Prior Sale
07/02/2014 07/02/14 Pending -- -- --
10/01/2013 10/01/13 For Sale $204,900 -- $223 / 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 $5,136 $186,000 $0 $0
2024 $4,580 $183,500 $0 $0
2023 $4,266 $127,300 $0 $0
2022 $4,566 $141,500 $0 $0
2021 $4,477 $127,300 $0 $0
2020 $4,434 $123,700 $0 $0
2019 $4,419 $121,600 $0 $0
2018 $6,307 $109,100 $0 $0
2017 -- $105,100 $0 $0
2016 -- $102,000 $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: 1924062

Northern Great Lakes REALTORS® MLS

APN: 51-703-011-00