NOT LISTED FOR SALE

118 Gillis St Unit 2 Traverse City, MI 49684

Downtown Traverse City Neighborhood

Estimated Value: $518,000 - $553,000

2 Beds
2 Baths
904 Sq Ft
$597/Sq Ft Est. Value

Last Sold August 05, 2024

Last sale price $515,000 $570 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,922/month

88 Days on Market

Highlights

  • New Construction
  • Bay View
  • Granite Countertops
  • Central High School Rated A-
  • Contemporary Architecture
  • 5-minute walk to Robert Bentley Park

About This Home

As of August 2024

Exceptional Downtown Traverse City location. Just steps away from beaches restaurants, shopping, Tart Trail and so much more. This brand new urban oasis includes a private roof top terrace with views over West Grand Traverse Bay and is the perfect fit for a short term rental investment or a space to personally enjoy everything Downtown Traverse City has to offer. Features include a well appointed kitchen with quartz countertops and stainless steel appliances, two full baths both with walk-in tile showers, two bedrooms, vinyl plank flooring throughout, laundry room and a private one car attached garage. The perfect walkable location for you or your future guests to enjoy the heartbeat of Traverse City.

Last Agent to Sell the Property

Steve Scheppe

Viewpoint Realty License #6502432934 Listed on: 05/06/2024

Last Buyer's Agent

Bridget Carefoot

Century 21 Northland License #6501317056

Century 21 Northland

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,369

Year Built

  • Built in 2023 | New Construction

Lot Details

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

HOA Fees

  • $150 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Membrane Roofing
  • Wood Siding

Interior Spaces

  • 904 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Bay Views

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Granite Bathroom Countertops

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Drive Under Main Level

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Association fees include trash removal, snow removal, lawn care
  • Fresh Water Flats II Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,369

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Contemporary, Townhouse, 2+ Story
  • Estimated Year Built: 2023
  • Construction: Frame, New Construction
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2023

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Exhaust Fan, Blinds, Ceiling Fan, Electric Water Heater, Smoke Alarms(s)
  • Interior Amenities: Walk-In Closet(s), Granite Bath Tops, Granite Kitchen Tops, Drywall
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 13.5'x10', On Level: Upper Floor, Flooring: Vinyl
  • Bedroom 2: Dimensions: 9.75'x9', On Level: Upper Floor, Flooring: Vinyl
  • Total Bathrooms: 2
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 2
  • Main Floor Primary: No
  • Kitchen: Dimensions: 7.5'x7.5', On Level: Main Floor, Flooring: Vinyl
  • Living Room: Dimensions: 13.75'x10.5', On Level: Main Floor, Flooring: Vinyl
  • Range: R 11W
  • Total Finished Sf Apx: 904

Exterior Features

  • Exterior Features: Bay View, Landscaped
  • Exterior Finish: Wood
  • Foundation: Slab
  • Road: Blacktop
  • Roof: Membrane
  • Water Features: Water View, Bay View

Garage/Parking

  • Driveway: Blacktop
  • Garage Capacity: 1
  • Primary Garage: Attached, Drive Under/Built-In, Door Opener, Paved Driveway, Concrete Floors

Utilities

  • Heating Cooling Types: Forced Air, Central Air, Heat Pump
  • Laundry: Dimensions: 9'x3.5', 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: Trash Removal, Snow Removal, Lawn Care
  • Condo: Yes
  • Condo Unit Access: Stairway (Indoor)
  • Association Fees: Monthly
  • Monthly Assn Dues: 150

Association/Amenities

  • Development Amenities: Pets Allowed
  • Development Name: Fresh Water Flats II

Lot Info

  • Land Features: Level
  • Mineral Rights: Unknown
  • Parcel Description: Condo/None
  • 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
Jan 27, 2021
Closed on
Nov 28, 2023
Sold by
Gillis Street Dev Ii Llc
Bought by
Greene Thomas and Carison Denise
Seller's Agent
Sam Flamont
The Mitten Real Estate Group
Buyer's Agent
Kim Costanza
Traverse Real Estate
List Price
$400,000
Sold Price
$410,000
Premium/Discount to List
$10,000
2.5%
Views
52
Current Estimated Value
$539,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,602
Avg. Annual Appreciation
15.38%
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
Greene Thomas $410,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2024 08/05/24 Sold $515,000 -1.9% $570 / Sq Ft
06/25/2024 06/25/24 Price Changed $524,900 -4.5% $581 / Sq Ft
05/06/2024 05/06/24 For Sale $549,900 +34.1% $608 / Sq Ft
11/28/2023 11/28/23 Sold $410,000 0.0% $454 / Sq Ft View Prior Sale
03/25/2021 03/25/21 Off Market $410,000 -- --
03/23/2021 03/23/21 Pending -- -- --
03/12/2021 03/12/21 Price Changed $410,000 +2.5% $454 / Sq Ft
01/27/2021 01/27/21 For Sale $400,000 -- $442 / 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 $11,369 $235,200 $0 $0
2024 $10,502 $204,600 $0 $0
2023 $7,812 $154,499 $0 $0
2022 $5,807 $106,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Scheppe

    Seller's Agent in 2024

    Steve Scheppe

    Viewpoint Realty

    (231) 590-5823

    4 in this area

    232 Total Sales

    Steve Scheppe
    Section Image
  • Bridget Carefoot

    Buyer's Agent in 2024

    Bridget Carefoot

    Century 21 Northland

    (231) 499-1837

    2 in this area

    48 Total Sales

    Bridget Carefoot
    Section Image
  • Sam Flamont

    Seller's Agent in 2023

    Sam Flamont

    The Mitten Real Estate Group

    (231) 633-8326

    28 in this area

    672 Total Sales

    Sam Flamont
    Section Image
  • Kim Costanza

    Buyer's Agent in 2023

    Kim Costanza

    Traverse Real Estate

    (727) 452-2572

    2 in this area

    37 Total Sales

    Kim Costanza
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1921974

Northern Great Lakes REALTORS® MLS

APN: 51-162-001-02

Michigan Grand Traverse County Traverse City 49684 Downtown Traverse City

118 Gillis St Unit 2, 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 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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