NOT LISTED FOR SALE

1318 Terra Rd Traverse City, MI 49686

Estimated Value: $346,000 - $377,000

2 Beds
2 Baths
1,280 Sq Ft
$286/Sq Ft Est. Value

Last Sold October 19, 2022

Last sale price $344,000 $269 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,660/month

3 Days on Market

Highlights

  • Wooded Lot
  • Vaulted Ceiling
  • Ground Level Unit
  • Central High School Rated A-
  • Ranch Style House
  • Granite Countertops

About This Home

As of October 2022

Move-in ready Chestnut Hills 2 BR/2 BA condo close to town. This unit backs up to wooded area for extra privacy and offers 2 patios – choose a quiet, covered area off the primary bedroom to watch the wildlife or the one off the dining room to entertain guests. Upgrades/improvements include granite counter tops, wood-laminate flooring, power-controlled window treatments, gas fireplace, low-threshold shower, tiled mudroom/laundry area, attached garage, new roof. Enjoy the convenience of main-floor living and the piece of mind of being close to Traverse City dining, shopping, medical care.

Last Agent to Sell the Property

Kathy Neveu

REO-TCBeulah-Frankfort-233027 License #6506047738 Listed on: 09/30/2022

REO-TCBeulah-Frankfort-233027

Last Buyer's Agent

Matthew Dakoske

REMAX Bayshore - Union St TC License #6501148333

REMAX Bayshore - Union St TC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,820

Year Built

  • Built in 1998

Lot Details

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

HOA Fees

  • $320 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,280 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Blinds
  • Mud Room
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Private Driveway

Outdoor Features

  • Covered patio or porch
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Additional Features

  • Minimal Steps
  • Ground Level Unit

Community Details

Overview

  • Association fees include exterior maintenance, lawn care, snow removal
  • Chestnut Hills Community

Amenities

  • Common Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,820

Year Built

Built in 1998

Lot Details

0

HOA Fees

$320 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, 1 Story
  • Estimated Year Built: 1998
  • Construction: Frame
  • Section Number: 23
  • Univs Design Barrier Free: Extra Wide Hallways, Main Floor Access, Covered Entrance, Low Threshold Shower, Grab Bars
  • Year Updated: 2019
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1998

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Blinds, Ceiling Fan
  • Interior Amenities: Pantry, Granite Kitchen Tops, Mud Room, Vaulted Ceilings
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 19x14.5, On Level: Main Floor, Flooring: Laminate
  • Bedroom 2: Dimensions: 14x10.5, On Level: Main Floor, Flooring: Laminate
  • Total Bathrooms: 2
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 2
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 15x9, On Level: Main Floor, Flooring: Carpet
  • Kitchen: Dimensions: 11x10.5, On Level: Main Floor, Flooring: Laminate
  • Living Room: Dimensions: 15x14, On Level: Main Floor, Flooring: Carpet
  • Estimated Above Ground Finished Sq Ft: 1280
  • Price Per Sq Ft: 268.75
  • Range: R 11W
  • Total Finished Sf Apx: 1280

Exterior Features

  • Exterior Features: Sprinkler System, Patio, Sidewalk, Covered Porch, Landscaped, Gutters
  • Exterior Finish: Vinyl
  • Foundation: Crawl Space
  • Road: Association, Blacktop
  • Roof: Asphalt

Garage/Parking

  • Driveway: Concrete, Private
  • Garage Capacity: 2
  • Primary Garage: Attached, Door Opener, Paved Driveway, Concrete Floors

Utilities

  • Fireplaces And Stoves: Fireplace(s), Gas
  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: Dimensions: 10.5x10, On Level: Main Floor, Flooring: Tile
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Lawn Care, Snow Removal
  • Condo: Yes
  • Condo Unit Access: Limited Steps, Stairway (Outdoor)
  • Condo Unit Level: First Floor Level
  • Association Fees: Monthly
  • Monthly Assn Dues: 320

Association/Amenities

  • Development Amenities: Pets Allowed, Common Area
  • Development Name: Chestnut Hills

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Number: 7
  • Land Features: Wooded, Level
  • 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
Sep 30, 2022
Closed on
Oct 14, 2022
Sold by
Rose Rena
Bought by
Morrison Douglas
Seller's Agent
Kathy Neveu
REO-TCBeulah-Frankfort-233027
Buyer's Agent
Matthew Dakoske
REMAX Bayshore - Union St TC
List Price
$349,000
Sold Price
$344,000
Premium/Discount to List
-$5,000
-1.43%
Views
12
Current Estimated Value
$366,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,228
Avg. Annual Appreciation
2.75%

Purchase Details

Listed on
Aug 17, 2015
Closed on
Oct 8, 2015
Seller's Agent
Jim Christians
REO-TCRandolph-233022
Buyer's Agent
Weston Buchan
REO-TCRandolph-233022
List Price
$198,500
Sold Price
$196,500
Premium/Discount to List
-$2,000
-1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.29%

Purchase Details

Closed on
Nov 15, 2001

Purchase Details

Closed on
May 19, 1999
Source: Public Records

Range of Values:

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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
Morrison Douglas $344,000 --
-- $196,500 --
-- -- --
-- $136,900 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2022 10/19/22 Sold $344,000 -1.4% $269 / Sq Ft
09/30/2022 09/30/22 For Sale $349,000 +77.6% $273 / Sq Ft
10/09/2015 10/09/15 Sold $196,500 -1.0% $154 / Sq Ft
10/05/2015 10/05/15 Pending -- -- --
08/17/2015 08/17/15 For Sale $198,500 -- $155 / 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 $3,820 $197,900 $0 $0
2024 $2,580 $169,400 $0 $0
2023 $2,469 $117,900 $0 $0
2022 $2,510 $106,500 $0 $0
2021 $2,427 $117,900 $0 $0
2020 $2,406 $108,500 $0 $0
2019 $2,411 $106,300 $0 $0
2018 $0 $97,400 $0 $0
2017 -- $92,200 $0 $0
2016 -- $82,500 $0 $0
2014 -- $75,300 $0 $0
2012 -- $74,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1905437

Northern Great Lakes REALTORS® MLS

APN: 05-079-007-00