$439,000
SOLD OCT 5, 2021

1388 Gray Dr Unit 10 Traverse City, MI 49684

2 Beds
2 Baths
1,098 Sq Ft
0.26 Acres

Recently Sold

$400 Per Sq Ft

242 Days on Market

Highlights

  • Home fronts a creek
  • Contemporary Architecture
  • Granite Countertops
  • Willow Hill Elementary School Rated A-
  • Main Floor Primary Bedroom
  • Balcony

About This Home

As of May 2025

Your search for old-world ambiance, a vibrant urban lifestyle, and the perfect home ends here. 12 new condominiums currently under construction in Building 57 at the GT Commons. Units range in size from 843 to 1899 sq.ft. Uniquely situated on the boundary of the Water Tower District of the Village and the gateway to the natural woodlands & trails of the greater Commons natural area. Historic preservation and mixed-use redevelopment, only a mile from the beach and downtown. Unit 10 has a Walk-in closet and private sun porch and balcony.

Last Agent to Sell the Property

Marsha Minervini

REMAX Bayshore - Union St TC License #6501278275 Listed on: 08/20/2020

REMAX Bayshore - Union St TC

Last Buyer's Agent

Jules Yates

REMAX Bayshore - Union St TC License #6502357921

REMAX Bayshore - Union St TC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,930

Year Built

  • Built in 2020

Lot Details

  • Home fronts a creek
  • Level Lot
  • Sprinkler System
  • The community has rules related to zoning restrictions

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Poured Concrete
  • Frame Construction
  • Membrane Roofing
  • Cement Board or Planked

Interior Spaces

  • 1,098 Sq Ft Home
  • 2-Story Property

Kitchen

  • No Kitchen Appliances
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms
  • Granite Bathroom Countertops

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Balcony
  • Rain Gutters

Schools

  • Traverse City West Middle School
  • Traverse City West Senior High School

Utilities

  • Forced Air Heating and Cooling System
  • Programmable Thermostat
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • Association fees include exterior maintenance, fire insurance, lawn care, liability insurance, sewer, snow removal, trash removal, water
  • The Lofts At Asylum Creek Community

Amenities

  • Common Area

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,930

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story, Contemporary
  • Estimated Year Built: 2020
  • Construction: 2x6 Framing, Frame, Under Construction
  • Section Number: 9
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2020

Interior Features

  • Appliances Equipment: Disposal, No Appliances, Electric Water Heater, Smoke Alarms(s)
  • Interior Amenities: Granite Bath Tops, Granite Kitchen Tops, Island Kitchen
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 10.4x11.5, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 17x12.5, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 2
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 2
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: combox17.6, On Level: Main Floor, Flooring: Laminate
  • Kitchen: Dimensions: 13.2x9.4, On Level: Main Floor, Flooring: Laminate
  • Living Room: Dimensions: 16.9xcombo, On Level: Main Floor, Flooring: Laminate
  • Estimated Above Ground Finished Sq Ft: 1098
  • Price Per Sq Ft: 399.82
  • Range: R 11W
  • Total Finished Sf Apx: 1098

Exterior Features

  • Exterior Features: Sprinkler System, Balcony, Gutters
  • Exterior Finish: Cement Board
  • Foundation: Poured Concrete, Slab
  • Road: Association, Blacktop
  • Roof: Membrane
  • Water Features: Creek, Vegetation to Water Edge

Garage/Parking

  • Driveway: Concrete

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Fire Insurance, Lawn Care, Liability Insurance, Sewer, Snow Removal, Trash Removal, Water
  • Condo: Yes
  • Condo Unit Access: Stairway (Indoor)
  • Condo Unit Level: Second Floor Level
  • Association Fees: Monthly

Association/Amenities

  • Development Amenities: Pets Allowed, Common Area, Trails
  • Development Name: The Lofts at Asylum Creek

Schools

  • School District: Traverse City Area Public Schools
  • Middle School: Traverse City West Middle School
  • High School: Traverse City West Senior High School

Green Features

  • Energy Efficient: Energy Efficient Windows
  • Renewable: Programmable Thermostat

Lot Info

  • Land Features: Level
  • Parcel Description: Condo/None
  • Zoning Use Restrictions: Residential, Multi-Family, Deed Restrictions, Building-Use Restrictions

MLS Schools

  • HighSchool: Traverse City West Senior High School
  • School District: Traverse City Area Public Schools
  • Middle School: Traverse City West Middle School

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Range of Values:

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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 Change Sq Ft Price
05/28/2025 05/28/25 Pending -- -- --
05/23/2025 05/23/25 Sold $520,000 -5.3% $474 / Sq Ft
05/15/2025 05/15/25 Pending -- -- --
12/03/2024 12/03/24 For Sale $549,000 -0.2% $500 / Sq Ft
12/01/2024 12/01/24 Off Market $550,000 -- --
09/14/2024 09/14/24 For Sale $550,000 +25.3% $501 / Sq Ft
10/05/2021 10/05/21 Sold $439,000 0.0% $400 / Sq Ft
08/20/2020 08/20/20 For Sale $439,000 -- $400 / 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 $11,930 $276,500 $0 $0
2024 $9,612 $266,000 $0 $0
2023 $9,189 $102,600 $0 $0
2022 $10,877 $241,600 $0 $0
2021 $3,691 $102,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jules Yates

    Seller's Agent in 2025

    Jules Yates

    RE/MAX Michigan

    (231) 642-9888

    21 in this area

    248 Total Sales

    Jules Yates
    Section Image

  • A

    Buyer's Agent in 2025

    Amber Griswold

    CENTURY 21 Northland

    (231) 499-9533

    6 in this area

    71 Total Sales

    Amber Griswold
    Section Image
  • Marsha Minervini

    Seller's Agent in 2021

    Marsha Minervini

    RE/MAX Michigan

    (231) 883-4500

    21 in this area

    80 Total Sales

    Marsha Minervini
    Section Image
See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1878968

Northern Great Lakes REALTORS® MLS

APN: 05-463-010-00

Michigan Grand Traverse County Traverse City 49684

1388 Gray Dr Unit 10, Traverse City, MI

This home is located at 1388 Gray Dr Unit 10, Traverse City, MI 49684 and is currently priced at $439,000, approximately $399 per square foot. This property was built in 2020. 1388 Gray Dr Unit 10 is a home located in Grand Traverse County with nearby schools including Willow Hill Elementary School, West Middle School, and West Senior 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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