NOT LISTED FOR SALE

207 S Cedar St Traverse City, MI 49684

Kids Creek Neighborhood

Estimated Value: $511,000 - $557,000

4 Beds
2 Baths
1,562 Sq Ft
$336/Sq Ft Est. Value

Last Sold May 05, 2016

Last sale price $274,000 $175 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $3,430/month

6 Days on Market

Highlights

  • Deck
  • Victorian Architecture
  • Forced Air Heating and Cooling System
  • Willow Hill Elementary School Rated A-
  • Porch

About This Home

As of May 2016

Charming duplex overlooking beautiful Kids Creek in the heart of downtown Traverse City a short walk to to Munson and all those famous eating and drinking establishments Traverse City is known for. The rental rates are below market on both units. The leases on both units run to September 2016. Bonus is duplex rear yard has alley access which city wants to convert to a street at some point which could allow another multi family unit or other structure. Home is very solid and has been well cared for! Great lockable storage in back of home and in clean basement both of which have own accesses. Home could be converted also to single family without much work!

Last Agent to Sell the Property

Jason Elsenheimer

Coldwell Banker Schmidt Traver License #6502132541 Listed on: 03/14/2016

Last Buyer's Agent

Maureen Penfold

REMAX Bayshore - Union St TC License #6501239126

REMAX Bayshore - Union St TC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,224

Year Built

  • Built in 1895

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 45x240
  • The community has rules related to zoning restrictions

Home Design

  • Duplex
  • Victorian Architecture
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,562 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Basement

  • Michigan Basement
  • Basement Storage

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,224

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Duplex (2 Story)
  • Style: 2 Story, Victorian
  • Estimated Year Built: 1895
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1895
  • Year Renovated: 2007

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range
  • Interior Amenities: Storage Space
  • Range: R 14W
  • Total Finished Sf Apx: 1562

Exterior Features

  • Additional Buildings: Workshop
  • Exterior Features: Deck, Sidewalk, Porch
  • Exterior Finish: Vinyl Siding
  • Foundation: Michigan Basement
  • Number Of Acres: 0.25
  • Road: Public Maintained
  • Roof: Asphalt

Garage/Parking

  • Primary Garage: Alley Entrance

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Tv
  • Water: Municipal
  • Heating Cooling Type: Forced Air

Lot Info

  • Lot Dimensions: 45x240
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential

Multi Family

  • Total Number Units: 2

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2016
Current Estimated Value
$524,299

Purchase Details

Listed on
Mar 14, 2016
Closed on
May 5, 2016
Seller's Agent
Jason Elsenheimer
Coldwell Banker Schmidt Traver
Buyer's Agent
Maureen Penfold
REMAX Bayshore - Union St TC
List Price
$278,900
Sold Price
$274,000
Premium/Discount to List
-$4,900
-1.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.08%

Purchase Details

Closed on
Aug 10, 2015

Purchase Details

Closed on
Jul 9, 2015

Purchase Details

Listed on
Jul 13, 2014
Closed on
Aug 20, 2014
Seller's Agent
Bryan Olshove
Coldwell Banker Schmidt Traver
Buyer's Agent
Jason Elsenheimer
Coldwell Banker Schmidt Traver
List Price
$259,000
Sold Price
$245,000
Premium/Discount to List
-$14,000
-5.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.03%

Purchase Details

Closed on
May 6, 2002

Purchase Details

Closed on
Sep 11, 2000

Purchase Details

Closed on
Aug 26, 1997
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
-- -- --
-- $274,000 --
-- -- --
-- -- --
-- $245,000 --
-- $134,000 --
-- $118,000 --
-- $83,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/05/2016 05/05/16 Sold $274,000 -1.8% $175 / Sq Ft
03/20/2016 03/20/16 Pending -- -- --
03/14/2016 03/14/16 For Sale $278,900 +13.8% $179 / Sq Ft
08/20/2014 08/20/14 Sold $245,000 -5.4% $157 / Sq Ft View Prior Sale
07/20/2014 07/20/14 Pending -- -- --
07/13/2014 07/13/14 For Sale $259,000 -- $166 / 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 $8,224 $212,000 $0 $0
2024 $7,597 $218,000 $0 $0
2023 $7,192 $155,500 $0 $0
2022 $7,354 $166,900 $0 $0
2021 $7,177 $155,500 $0 $0
2020 $7,099 $142,000 $0 $0
2019 $7,039 $139,200 $0 $0
2018 $6,888 $130,600 $0 $0
2017 -- $120,300 $0 $0
2016 -- $116,500 $0 $0
2014 -- $96,600 $0 $0
2012 -- $95,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jason Elsenheimer

    Coldwell Banker Schmidt Traver

  • Maureen Penfold

    Buyer's Agent in 2016

    Maureen Penfold

    RE/MAX Michigan

    (231) 883-3133

    41 Total Sales

    Maureen Penfold
    Section Image
  • Bryan Olshove

    Seller's Agent in 2014

    Bryan Olshove

    Coldwell Banker Schmidt Traver

    (231) 922-3930

    34 Total Sales

    Bryan Olshove
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1812808

Northern Great Lakes REALTORS® MLS

APN: 51-650-010-01

Michigan Grand Traverse County Traverse City 49684 Kids Creek

207 S Cedar St, Traverse City, MI

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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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