NOT LISTED FOR SALE

1603 U S 31 Unit 1 Traverse City, MI 49686

Estimated Value: $472,000 - $510,000

2 Beds
2 Baths
1,200 Sq Ft
$412/Sq Ft Est. Value

Last Sold April 07, 2020

Last sale price $330,000 $275 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,375/month

62 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 123 Feet of Waterfront
  • Sandy Beach
  • Central High School Rated A-
  • Boat Dock
  • Bay View

About This Home

As of April 2020

Make this your permanent residence and enjoy spectacular panoramic views of East Bay or use an as income property. Weekly rentals allowed Memorial Day through Labor Day. Monthly rentals througout the off season. Located in the heart of Traverse City, situated on the best, sugar sand beaches Traverse City has to offer! Close to downtown, resorts, restaurants, the TART trail and more! This main level condo features an open floor plan with gorgeous water views steps away from the beach. RARE MAIN FLOOR UNIT MAKES LIVING EASY!

Last Agent to Sell the Property

Pamela Klumpp

Coldwell Banker Schmidt Traver License #6501408279 Listed on: 02/05/2020

Coldwell Banker Schmidt Traver

Last Buyer's Agent

Pamela Klumpp

Coldwell Banker Schmidt Traver License #6501408279 Listed on: 02/05/2020

Coldwell Banker Schmidt Traver

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,745

Year Built

  • Built in 1988

Lot Details

  • 123 Feet of Waterfront
  • Sandy Beach
  • Level Lot
  • The community has rules related to zoning restrictions

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property
  • Bay Views
  • Intercom

Kitchen

  • Oven or Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Deeded Waterfront Access Rights
  • Lake Privileges
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Additional Features

  • Stepless Entry
  • Ground Level Unit

Community Details

Overview

  • Association fees include exterior maintenance, lawn care, snow removal, trash removal
  • Legrand Chateau Community

Recreation

  • Boat Dock
  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,745

Year Built

Built in 1988

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 1 Story
  • Estimated Year Built: 1988
  • Construction: Frame, Timber Frame
  • Principal Residence: Yes
  • Private Shared: Shared
  • Section Number: 8
  • Univs Design Barrier Free: Main Floor Access
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1988

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Microwave, Washer, Dryer, Intercom/Radio
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 14x13, On Level: Main Floor, Flooring: Wood
  • Bedroom 2: Dimensions: 12x10, On Level: Main Floor, Flooring: Wood
  • Total Bathrooms: 2
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 2
  • Main Floor Primary: Yes
  • Dining Room: On Level: Main Floor, Flooring: Wood
  • Kitchen: Dimensions: 11x8, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 21x13, On Level: Main Floor, Flooring: Wood
  • Estimated Above Ground Finished Sq Ft: 1200
  • Price Per Sq Ft: 275
  • Range: R 10W
  • Total Finished Sf Apx: 1200

Exterior Features

  • Body Of Water: East Bay
  • Exterior Features: Bay View, Patio
  • Exterior Finish: Wood
  • Foundation: Slab
  • Road: Private Owned
  • Water Features: All Sports, Water View, Sandy Bottom, Sandy Shoreline, Bay View
  • Waterfront Frontage: 123

Garage/Parking

  • Driveway: Concrete
  • Garage Capacity: 1
  • Primary Garage: Detached, Door Opener

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Lawn Care, Snow Removal, Trash Removal
  • Annual Association Fees: 3000
  • Condo: Yes
  • Condo Unit Access: No Steps
  • Condo Unit Level: First Floor Level
  • Association Fees: Annual

Association/Amenities

  • Development Amenities: Community Dock, Lake Privileges, Pets Allowed
  • Development Name: Legrand Chateau

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Level
  • Parcel Description: Condo/None
  • Zoning Use Restrictions: Residential

Tax Info

  • Summer Taxes: 2,469.79
  • Winter Taxes: 1,097.83
  • Year Summer: 2019
  • Year Winter: 2019

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2006
Total Days on Market
62
Current Estimated Value
$494,313

Purchase Details

Closed on
Aug 10, 2004

Purchase Details

Closed on
Feb 4, 2002

Purchase Details

Closed on
Sep 13, 2001

Purchase Details

Closed on
Jun 26, 1989
Source: Public Records

Range of Values:

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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
-- -- --
-- $316,700 --
-- -- --
-- $289,000 --
-- $134,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2020 04/07/20 Sold $330,000 -4.3% $275 / Sq Ft
02/11/2020 02/11/20 Price Changed $345,000 -9.7% $288 / Sq Ft
02/05/2020 02/05/20 For Sale $382,000 -- $318 / 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 $4,745 $255,500 $0 $0
2024 $3,193 $198,200 $0 $0
2023 $3,056 $155,000 $0 $0
2022 $7,147 $170,000 $0 $0
2021 $6,907 $155,000 $0 $0
2020 $5,966 $160,600 $0 $0
2019 $3,568 $157,800 $0 $0
2018 $3,482 $154,000 $0 $0
2017 -- $149,100 $0 $0
2016 -- $146,700 $0 $0
2014 -- $122,500 $0 $0
2012 -- $130,020 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1871607

Northern Great Lakes REALTORS® MLS

APN: 03-518-001-00