NOT LISTED FOR SALE

Estimated Value: $520,934

-- Bed
2 Baths
1,584 Sq Ft
$329/Sq Ft Est. Value

Last Sold May 26, 2015

Last sale price $274,000 $173 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $3,285/month

30 Days on Market

Highlights

  • 0.38 Acre Lot
  • Deck
  • Victorian Architecture
  • Central High School Rated A-
  • Wood Flooring
  • Great Room

About This Home

As of May 2015

Investment opportunity! This downtown non-conforming duplex fixer-upper is situated on a double commercial lot. Property is Zoned C-2. This zoning is highly desirable and allows for weekly rentals. The Duplex has beautiful original hardwood floors, trim and doors throughout. Property is within walking distance to Downtown Traverse City, Old Town, Oryana, beaches and schools.

Last Agent to Sell the Property

Kevin Perkins

Coldwell Banker Schmidt Traver License #6501379481 Listed on: 03/20/2015

Coldwell Banker Schmidt Traver

Last Buyer's Agent

Rick Korndorfer

Coldwell Banker Schmidt Traver License #6501300897

Coldwell Banker Schmidt Traver

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 111x165
  • The community has rules related to zoning restrictions

Parking

  • Detached Garage

Home Design

  • Duplex
  • Victorian Architecture
  • Fixer Upper
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,584 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Fireplace
  • Mud Room
  • Great Room
  • Den
  • Wood Flooring
  • Partial Basement
  • Oven or Range

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Central Grade Elementary School
  • Traverse City West Middle School
  • Traverse City West Senior High School

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • 2 Units
  • Hannah Lay 2Nd Add Community

Listing and Financial Details

  • Rent includes not for lease

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Duplex (2 Story)
  • Style: 2 Story, Victorian
  • Estimated Year Built: 1905
  • Construction: Timber Frame
  • Section Number: 3
  • Year Updated: 2014
  • Year Renovated: 1936
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1905

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range
  • Interior Amenities: Hardwood Floors, Great Room, Pantry, Mud Room, Den/Study, Built-In Bookcase, Fixer-Upper
  • Price Per Sq Ft: 172.98
  • Range: R 11W
  • Total Finished Sf Apx: 1584

Exterior Features

  • Exterior Features: Deck, Sidewalk, Covered Porch
  • Exterior Finish: Wood
  • Foundation: Partial
  • Number Of Acres: 0.38
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Garage/Parking

  • Primary Garage: Alley Entrance, Detached

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Tv, Cable Internet
  • Water: Municipal
  • Heating Cooling Type: Forced Air
  • Fireplace And Stoves: Fireplace

Association/Amenities

  • Development Name: Hannah Lay 2nd Add

Schools

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

Lot Info

  • Lot Number: 43-46
  • Lot Dimensions: 111X165
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential, Multi-Family, Commercial, Non-Conforming Use

Rental Info

  • Included In Lease: Not For Lease

Tax Info

  • Summer Taxes: $3,081.60
  • Winter Taxes: $368.75
  • Year Summer: 2014
  • Year Winter: 2014

Multi Family

  • Total Number Units: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2015
Closed on
May 22, 2015
Seller's Agent
Kevin Perkins
Coldwell Banker Schmidt Traver
Buyer's Agent
Rick Korndorfer
Coldwell Banker Schmidt Traver
List Price
$299,000
Sold Price
$274,000
Premium/Discount to List
-$25,000
-8.36%
Current Estimated Value
$520,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,934

Purchase Details

Closed on
Oct 8, 2010

Purchase Details

Closed on
Aug 31, 2010
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 --
-- $100 --
-- $118,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2015 05/26/15 Sold $274,000 -8.4% $173 / Sq Ft
04/19/2015 04/19/15 Pending -- -- --
03/20/2015 03/20/15 For Sale $299,000 -- $189 / 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
2023 -- $157,600 $0 $0
2022 $7,411 $154,352 $0 $0
2021 $7,411 $157,600 $0 $0
2020 $6,639 $148,500 $0 $0
2019 $6,583 $137,500 $0 $0
2018 $6,441 $133,900 $0 $0
2017 -- $126,500 $0 $0
2016 -- $111,500 $0 $0
2014 -- $85,900 $0 $0
2012 -- $70,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1796288

Northern Great Lakes REALTORS® MLS

APN: 51-622-059-00