NOT LISTED FOR SALE

116 Mathison Rd Unit 5 Traverse City, MI 49686

Old Mission Peninsula Neighborhood

Estimated Value: $306,000 - $355,064

2 Beds
2 Baths
1,500 Sq Ft
$223/Sq Ft Est. Value

Sale Details

Date Sold: February 8, 2021

Last sale price $205,000 $137 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,230 / mo

4 Days on Market

Highlights

  • Ranch Style House
  • Ground Level Unit
  • 1 Car Attached Garage
  • Central High School Rated A-
  • Fireplace
  • Forced Air Heating and Cooling System

About This Home

As of February 2021

Great location at base of Old Mission Peninsula.. 2 BRs/2 baths with finished basement. In need of some cosmetic updates - but a great price. Fireplace, central air, main floor bedrooms and abundant sunshine pouring in. Close to all TC amenities. One car garage with ample storage space. Nice setting, facing south and west for afternoon sun. Pets allowed.

Last Agent to Sell the Property

Jack Lane

REO-TCFront-233021 Listed on: 01/13/2021

REO-TCFront-233021

Last Buyer's Agent

Steve Cavender

Keller Williams Northern Michigan

Keller Williams Northern Michigan

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,775

Year Built

  • Built in 1979

Lot Details

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

HOA Fees

  • $270 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,500 Sq Ft Home
  • Fireplace
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Schools

  • Eastern Elementary School
  • Traverse City High School

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Additional Features

  • Minimal Steps
  • Patio
  • Ground Level Unit

Community Details

  • Association fees include exterior maintenance, lawn care, snow removal, water
  • Cherrywood Commons Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,775

Year Built

Built in 1979

Lot Details

871 Sq Ft Lot

HOA Fees

$270 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, 1 Story
  • Estimated Year Built: 1979
  • Construction: Brick
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1979
  • Year Renovated: 2012

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Washer, Dryer
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 12.00x11.00, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 12.00x9.00, On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 15.08x10.10, On Level: Lower Floor, Flooring: Carpet
  • Total Bathrooms: 2
  • Number of Lower Level Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Number of Three Quarter Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: combox12.04, On Level: Main Floor, Flooring: Carpet
  • Family Room: Dimensions: 14.00x11.00, On Level: Lower Floor, Flooring: Carpet
  • Kitchen: Dimensions: 10.00x8.04, On Level: Main Floor, Flooring: None
  • Living Room: Dimensions: 25.06xcombo, On Level: Main Floor, Flooring: Carpet
  • Range: R 11W
  • Total Finished Sf Apx: 1500

Exterior Features

  • Exterior Features: Sprinkler System, Patio
  • Exterior Finish: Vinyl
  • Foundation: Full, Block, Finished Rooms
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Garage/Parking

  • Driveway: Blacktop
  • Garage Capacity: 1
  • Primary Garage: Attached, Door Opener, Paved Driveway

Utilities

  • Fireplaces And Stoves: Fireplace(s)
  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: On Level: Lower Floor
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Lawn Care, Snow Removal, Water
  • Condo: Yes
  • Condo Unit Access: Limited Steps
  • Condo Unit Level: First Floor Level
  • Association Fees: Monthly
  • Monthly Assn Dues: 270

Association/Amenities

  • Development Name: Cherrywood Commons

Lot Info

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

Tax Info

  • Summer Taxes: 2252
  • Total Taxes: 2775
  • Winter Taxes: 523
  • Year Winter: 2013

MLS Schools

  • Elementary School: Eastern Elementary School
  • HighSchool: Traverse City High School
  • School District: Traverse City Area Public Schools

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2021
Closed on
Feb 8, 2021
Sold by
Bought by
Seller's Agent
Jack Lane
REO-TCFront-233021
Buyer's Agent
Steve Cavender
Keller Williams Northern Michigan
List Price
$199,900
Sold Price
$205,000
Premium/Discount to List
$5,100
2.55%
Current Estimated Value
$334,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,016
Avg. Annual Appreciation
9.52%

Purchase Details

Closed on
May 28, 2014

Purchase Details

Closed on
Mar 18, 2013

Purchase Details

Closed on
Oct 17, 2012

Purchase Details

Closed on
May 8, 2012

Purchase Details

Closed on
May 7, 2012

Purchase Details

Closed on
May 6, 2012

Purchase Details

Closed on
Dec 31, 2011

Purchase Details

Closed on
Mar 21, 2011

Purchase Details

Closed on
Oct 28, 2003

Purchase Details

Closed on
May 15, 1987
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$205,000 --
$127,500 --
$98,500 --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
$62,500 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/08/2021 02/08/21 Sold $205,000 +2.6% $137 / Sq Ft
01/13/2021 01/13/21 For Sale $199,900 -- $133 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,872 $179,900 $0 $0
2024 $1,826 $147,300 $0 $0
2023 $1,747 $86,100 $0 $0
2022 $2,501 $90,400 $0 $0
2021 $1,976 $86,100 $0 $0
2020 $2,069 $86,100 $0 $0
2019 $1,966 $71,700 $0 $0
2018 $2,638 $71,700 $0 $0
2017 -- $71,700 $0 $0
2016 -- $68,900 $0 $0
2014 -- $61,700 $0 $0
2012 -- $59,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jack Lane

    Seller's Agent in 2021

    Jack Lane

    Real Estate One

    (231) 883-7444

    13 in this area

    117 Total Sales

    Jack Lane
    Section Image

  • S

    Buyer's Agent in 2021

    Steve Cavender

    Keller Williams Northern Michigan

    (231) 631-0319

    4 in this area

    52 Total Sales

    Steve Cavender
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1883265

Northern Great Lakes REALTORS® MLS

APN: 11-451-005-00

Michigan Grand Traverse County Traverse City 49686 Old Mission Peninsula

116 Mathison Rd Unit 5, Traverse City, MI

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 2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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