$415,000
SOLD OCT 1, 2025
2 Beds
1 Bath
892 Sq Ft
5,271 Sq Ft Lot

Recently Sold

$465 Per Sq Ft

1% Below List Price

83 Days on Market

Highlights

  • Contemporary Architecture
  • Granite Countertops
  • Detached Garage
  • Central Grade School Rated A-
  • Elevator
  • 2-minute walk to Union Street Dam Park

About This Home

As of October 2025

Downtown Living at its Finest! Whether you’re looking for a primary residence, a second home, or a profitable short-term rental, this beautiful downtown Traverse City unit is perfect for you. Situated within walking distance of Traverse City’s best restaurants, shops, and the stunning Grand Traverse West Bay, as well as Clinch Park and public beaches, this location offers the ideal blend of convenience and charm. Enjoy endless biking opportunities on the nearby TART Trail, which spans miles of scenic routes. This newly furnished, turnkey unit boasts of two spacious bedrooms with high-end finishes throughout, including hardwood floors, granite countertops, stainless steel appliances, newer furnace and an in-unit washer and dryer. Conveniently located on the same level as the Old Town Parking Garage, the unit features a heated walkway with no stairs (Zero Steps) providing easy access. Meticulously maintained and highly profitable, this unit feels like home from the moment you walk in. Don’t miss out on this exceptional opportunity!

Last Agent to Sell the Property

Roger Finnin

Coldwell Banker Schmidt Traver License #6501395666 Listed on: 05/17/2025

Coldwell Banker Schmidt Traver

Co-Listed By

Connie Finnin

Coldwell Banker Schmidt Traver License #6502359263

Last Buyer's Agent

Robin Vilter

Five Star Real Estate - Front St TC License #6501401177

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,082

Year Built

  • Built in 2014

Lot Details

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

HOA Fees

  • $350 Monthly HOA Fees

Parking

  • Detached Garage

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Membrane Roofing
  • Cement Board or Planked

Interior Spaces

  • 892 Sq Ft Home
  • Ceiling Fan
  • Drapes & Rods
  • Blinds

Kitchen

  • Oven or Range
  • Microwave
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Granite Bathroom Countertops

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Porch

Schools

  • Central Grade Elementary School
  • Traverse City West Middle School
  • Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

Overview

  • Association fees include exterior maintenance, liability insurance
  • Ivy Terrace Community

Amenities

  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,082

Year Built

Built in 2014

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Contemporary
  • Estimated Year Built: 2014
  • Construction: Frame
  • Univs Design Barrier Free: Widened Doors, No Steps Entry, Covered Entrance, Ramped Entrance, Elevator
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2014

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Microwave, Washer, Dryer, Blinds, Drapes, Curtain Rods, Ceiling Fan, Natural Gas Water Heater
  • Interior Amenities: Pantry, Granite Bath Tops, Granite Kitchen Tops, Drywall
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 11.2x11.2, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 11.2x10.2, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 1
  • Primary Bathroom: Shared
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Primary: Yes
  • Kitchen: Dimensions: 15.6x10.2, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 15.6x14.2, On Level: Main Floor, Flooring: Wood
  • Range: R 10W
  • Total Finished Sf Apx: 892

Exterior Features

  • Exterior Features: Sprinkler System, Sidewalk, Porch
  • Exterior Finish: Cement Board
  • Foundation: Block, Slab
  • Road: Public Maintained, Blacktop
  • Roof: Membrane

Garage/Parking

  • Primary Garage: Detached

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Liability Insurance
  • Annual Association Fees: 4200
  • Condo: Yes
  • Condo Unit Access: Stairway (Outdoor), Elevator
  • Condo Unit Level: Second Floor Level
  • Association Fees: Annual

Association/Amenities

  • Development Name: Ivy Terrace

Lot Info

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

Rental Info

  • Rent Spree Y N: No

Tax Info

  • Summer Taxes: 8455.00
  • Total Taxes: 9082
  • Winter Taxes: 627.00
  • Year Winter: 627

MLS Schools

  • Elementary School: Central Grade School
  • HighSchool: Central High School
  • School District: Traverse City Area Public Schools
  • Middle School: Traverse City West Middle School

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2025 10/01/25 Sold $415,000 0.0% $465 / Sq Ft
09/12/2025 09/12/25 Off Market $415,000 -- --
05/17/2025 05/17/25 For Sale $419,900 -- $471 / 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 $9,132 $190,300 $0 $0
2024 $8,455 $194,900 $0 $0
2023 $7,936 $132,200 $0 $0
2022 $8,170 $144,900 $0 $0
2021 $6,317 $132,200 $0 $0
2020 $6,248 $131,100 $0 $0
2019 $6,196 $128,600 $0 $0
2018 $6,068 $114,700 $0 $0
2017 -- $110,600 $0 $0
2016 -- $105,500 $0 $0
2014 -- $100,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1933887

Northern Great Lakes REALTORS® MLS

APN: 51-703-006-00