NOT LISTED FOR SALE

1186-1243 Terrace Bluff Dr Traverse City, MI 49686

Estimated Value: $358,447 - $450,000

3 Beds
2 Baths
1,280 Sq Ft
$313/Sq Ft Est. Value

About This Home

SPRING Move-In Special - $250 Off 1st Month (Must Move in by April 1st). Stand-Alone, Single Level Condominium Rental in Traverse City's Terrace Estates, 2-Stall Garage with Easy Access to Entryway, Lawn and Snow Removal Included. Located in Traverse City's beautiful Terrace Estates. Custom-Built, 3-Bedroom Homes with 2-Full Baths, Large Master features Private Bath and Two Closets, Open Floor Plan from Kitchen to Dining Room and Living Room. Enjoy your Private Covered Patio from your Living Room. Residents pay for Electricity, Water and Trash removal. Lease is for one year with monthly lease rate of $2400.00. First month's lease payment and security deposit of $1,750.00 and cleaning fee of $400.00 must be paid before occupancy. No smoking allowed. One Pet, Cat and Small Dog (under 50 lbs.) are Welcome with a $500 pet deposit and $25/month pet rent, Deposit is refundable with no damage. All tenants must abide by Condo By-Laws. Terrace Estates is located just 2 miles from local schools and Boardman Lake, a winter and water wonderland. The Boardman Lake Trail is a 2-mile trail in the heart of Traverse City that hugs the east side of Boardman Lake. The trail grants easy access to the public library, Medalie and Hull Parks and city neighborhoods. Boardman Trail is part of a network of four trails located in the Grand Traverse and Leelanau County areas developed for walking, biking, running, in-line skating, and commuting. The four trails include the Boardman Lake Trail, Leelanau Trail, TART Trail and the Vasa Pathway. Cherryland Center is less than 1 mile away for convenient shopping and dining.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 19, 2009
Current Estimated Value
$400,112

Purchase Details

Closed on
Apr 22, 2005
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
-- $95,000 --
-- $775,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2025 05/05/25 Off Market $2,400 -- --
01/31/2025 01/31/25 For Rent $2,400 0.0% --
02/26/2024 02/26/24 Price Changed $2,400 +9.1% $2 / Sq Ft
12/07/2023 12/07/23 Price Changed $2,200 -8.3% $2 / Sq Ft
12/03/2023 12/03/23 Price Changed $2,400 -4.0% $2 / Sq Ft
11/14/2023 11/14/23 Price Changed $2,500 0.0% $2 / Sq Ft
11/14/2023 11/14/23 For Rent $2,500 +4.2% --
10/11/2022 10/11/22 Price Changed $2,400 -4.0% $2 / Sq Ft
06/07/2022 06/07/22 For Rent $2,500 0.0% --
05/18/2022 05/18/22 For Rent $2,500 -- --

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 $4,764 $189,900 $0 $0
2024 $3,839 $140,500 $0 $0
2023 $3,665 $112,700 $0 $0
2022 $4,338 $125,700 $0 $0
2021 $4,196 $112,700 $0 $0
2020 $4,151 $101,700 $0 $0
2019 $4,126 $115,900 $0 $0
2018 $0 $108,100 $0 $0
2017 -- $98,500 $0 $0
2016 -- $91,000 $0 $0
2014 -- $8,500 $0 $0
2012 -- $2,500 $0 $0
Source: Public Records

Map

Michigan Grand Traverse County Traverse City 49686

1186-1243 Terrace Bluff Dr, Traverse City, MI

This home is located at 1186-1243 Terrace Bluff Dr, Traverse City, MI 49686 and is currently estimated at $400,112, approximately $312 per square foot. 1186-1243 Terrace Bluff Dr is a home located in Grand Traverse County with nearby schools including Traverse Heights Elementary School, East Middle School, and Central High School.

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