NOT LISTED FOR SALE

1245 S Garfield Ave Traverse City, MI 49686

Traverse Heights Neighborhood

Estimated Value: $1,141,000 - $1,304,264

1.35 Acres
$905,653 Price per Acre
58,806 Sq Ft Lot

Last Sold November 22, 2021

Last sale price $1,000,000 $1,000 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $8,961/month

128 Days on Market

Highlights

  • 1.35 Acre Lot
  • Central High School Rated A-
  • Corner Lot

About This Lot

As of November 2021

Fantastic 1.35 acre development property in Traverse City limits with approx. 260' of frontage on Garfield and 200' on Boon. Signalized corner intersection with C-3 (Community Center District) zoning. Property is located just 2 miles from Downtown Traverse City and near Cherry Capital Airport. Great corner on Garfield on Boon with plenty of parking. Zoning allows for restaurant, drive-thru, office, retail, financial institution, microbrewery, warehousing, car dealership, multi-family housing, hotel, and more.

Last Agent to Sell the Property

Daniel Stiebel

Coldwell Banker Schmidt Traver License #6502352362 Listed on: 01/27/2021

Coldwell Banker Schmidt Traver

Co-Listed By

Ken Kleinrichert

@properties Christie's Int'l License #6506042006

Last Buyer's Agent

Daniel Stiebel

Coldwell Banker Schmidt Traver License #6502352362 Listed on: 01/27/2021

Coldwell Banker Schmidt Traver

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $32,929

Lot Details

  • 1.35 Acre Lot
  • Lot Dimensions are 216x263x214x264
  • Corner Lot
  • Level Lot
  • Cleared Lot
  • The community has rules related to zoning restrictions

Property Details

Property Type

Land

Est. Annual Taxes

$32,929

Lot Details

0

Listing Details

  • Class: Vacant Lot/Land
  • Type: Vacant Lot/Land
  • Section Number: 2
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 740740.74
  • Range: R 11W

Exterior Features

  • Exterior Features: Development Property
  • Number Of Acres: 1.35
  • Road: Public Maintained, Blacktop

Utilities

  • Utilities Available: Electric, Natural Gas
  • Waste Available: Municipal
  • Waste Installed: Municipal
  • Water Available: Municipal Water
  • Water Installed: Municipal

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Land Features: Level, Cleared, Corner Lot
  • Lot Dimensions: 216x263x214x264
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Multi-Family, Commercial, Office

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2006
Current Estimated Value
$1,141,000
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
-- -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2021 11/22/21 Sold $1,000,000 -20.0% $1,000 / Sq Ft
01/27/2021 01/27/21 For Sale $1,250,000 -- $1,250 / 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 $32,929 $676,100 $0 $0
2024 $30,420 $608,500 $0 $0
2023 $28,537 $551,200 $0 $0
2022 $27,682 $505,300 $0 $0
2021 $24,285 $551,200 $0 $0
2020 $26,238 $544,400 $0 $0
2019 $26,017 $551,100 $0 $0
2018 $25,458 $547,200 $0 $0
2017 -- $520,200 $0 $0
2016 -- $500,200 $0 $0
2014 -- $486,400 $0 $0
2012 -- $514,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Daniel Stiebel

    Coldwell Banker Schmidt Traver

    (231) 633-0432

    6 in this area

    109 Total Sales

    Section Image
  • Ken Kleinrichert

    Seller Co-Listing Agent in 2021

    Ken Kleinrichert

    @properties Christie's Int'l

    (231) 620-2989

    3 in this area

    126 Total Sales

    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1883631

Northern Great Lakes REALTORS® MLS

APN: 51-786-153-00

Michigan Grand Traverse County Traverse City 49686 Traverse Heights

1245 S Garfield Ave, Traverse City, MI

This home is located at 1245 S Garfield Ave, Traverse City, MI 49686 since 27 January 2021 and is currently estimated at $1,222,632, approximately $1,222 per square foot. 1245 S Garfield Ave is a home located in Grand Traverse County with nearby schools including Traverse Heights Elementary School, East Middle School, and Central High School.

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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