NOT LISTED FOR SALE

245 Lake Ave Traverse City, MI 49684

Downtown Traverse City Neighborhood

Estimated Value: $456,557 - $599,000

2 Beds
2 Baths
1,270 Sq Ft
$410/Sq Ft Est. Value

About This Home

1,270 square feet of modern, spacious open living area with maple hardwood floors and 9 foot ceilings. 2 bedrooms, 1 and 1/2 baths plus laundry with washer & dryer. One year lease with security deposit required, no pets, no smoking/marijuana/tobacco/vaping.

Lower level bedroom/study fronts on Eighth Street. This space is zoned for commercial use, so a small office with living area above could be the ideal solution for your business needs. TCLPfiber hi-speed fiber optic service available. This is a perfect location for a one-person office that needs space convenient to downtown. A multitude of business activities are only steps away.

One car attached garage with additional storage space and one additional reserved parking space.Safe, secure, and dry parking for your vehicle year around, plus additional storage space. No need to clean ice off the windows when you can park right in your own private garage. Landscape maintenance, trash and snow removal are included in the lease.

No more trips to the Laundromat! Energy saving washer and dryer are included as part of the lower level bath and utility area. Save time. . . save money. . . Enjoy the convenience. Efficient laundry alcove has storage and hanging areas to make this chore a breeze, and give you more time to enjoy downtown Traverse City living.

Quality maple kitchen cabinets with stainless steel appliances, including gas range, dishwasher, side-by-side refrigerator freezer, garbage disposal, and microwave oven. Energy Star superior efficiency gas heating and hot water, plus central air conditioning. Quality construction and insulation for energy conservation and sound control help keep utility costs to a minimum.

This is one of a kind and an opportunity that has not been available for a many years.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2021
Sold by
Oswell and Bette
Bought by
Gilmartin Andrew
Current Estimated Value
$541,316

Purchase Details

Closed on
Mar 31, 2016

Purchase Details

Closed on
Oct 7, 2010

Purchase Details

Closed on
Oct 6, 2010
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
-- $250,000 --
-- $179,000 --
-- $40,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2024 10/01/24 For Rent $2,000 -- --

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 $6,784 $196,200 $0 $0
2024 $6,049 $180,700 $0 $0
2023 $5,635 $138,800 $0 $0
2022 $6,031 $157,500 $0 $0
2021 $4,468 $138,800 $0 $0
2020 $6,482 $136,800 $0 $0
2019 $6,428 $132,700 $0 $0
2018 $6,295 $108,900 $0 $0
2017 -- $107,200 $0 $0
2016 -- $102,000 $0 $0
2014 -- $94,600 $0 $0
2012 -- $87,500 $0 $0
Source: Public Records

Map

Michigan Grand Traverse County Traverse City 49684 Downtown Traverse City

245 Lake Ave, Traverse City, MI

This home is located at 245 Lake Ave, Traverse City, MI 49684 and is currently estimated at $520,889, approximately $410 per square foot. 245 Lake Ave is a home located in Grand Traverse County with nearby schools including Central Grade School, East Middle School, and Central High School.

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