NOT LISTED FOR SALE

2801 Princeton Dr Traverse City, MI 49684

Estimated Value: $324,546 - $448,000

6 Beds
2 Baths
2,208 Sq Ft
$174/Sq Ft Est. Value

Last Sold September 28, 2016

Last sale price $173,100 $78 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $2,371/month

83 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • Satellite Dish
  • Central High School Rated A-
  • Kitchen Island

About This Home

As of September 2016

Under/Over Duplex with each apartment having 3 bedrooms, 1 bath.The house size is a total of 2,200 sq.ft. and the lot size is 14,909 sq.ft. Built in 1973 - Inspector says it's a very solid house. The house has Vinyl siding for low maintenance. Upper unit rented at $1000 per month on a month to month lease. This lease started in December of 2009. Lower unit rented at $700 per month on a year lease that ends in August. This tenant is looking to relocate after their lease is up. This lease started in August of 2010. Security deposits are on file for both tenants. Tenants pay electricity, water, snow removal and the Landlord pays garbage ($12/month) and lawn care($100/month in summer). 2014 taxes: $3002.21 Lower unit has a brand new stove and refrigerator. Upper unit has a brand new washer and dryer. Very few maintenance calls come from this property.

Last Agent to Sell the Property

Catherine Bristol

Keller Williams Northern Michi License #6501377645 Listed on: 05/03/2016

Keller Williams Northern Michi

Last Buyer's Agent

Ann Porter

REO-TCRandolph-233022 License #6506044226

REO-TCRandolph-233022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,373

Year Built

  • Built in 1973

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 118x 118x107x150
  • The community has rules related to zoning restrictions

Parking

  • Over 1 Space Per Unit

Home Design

  • Duplex
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,208 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Kitchen Island

Basement

  • Walk-Out Basement
  • Basement Windows

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Satellite Dish
  • Cable TV Available

Community Details

  • 2 Units
  • College Park Community

Listing and Financial Details

  • Rent includes not for lease

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,373

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Duplex (2 Story)
  • Style: 2 Story, Duplex
  • Estimated Year Built: 1973
  • Construction: Frame
  • Section Number: 13
  • Univs Design Barrier Free: Covered Entrance
  • Year Updated: 2015
  • Year Renovated: 2005
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1973

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range
  • Interior Amenities: Laundry Hook-Up, Island Kitchen, Drywall
  • Price Per Sq Ft: 78.4
  • Range: R 11W
  • Total Finished Sf Apx: 2208

Exterior Features

  • Exterior Features: Covered Porch
  • Exterior Finish: Vinyl Siding
  • Foundation: Walkout, Daylight Windows, Finished Rooms
  • Number Of Acres: 0.35
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Garage/Parking

  • Primary Garage: Over 1 Space Per Unit

Utilities

  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable Tv, Cable Internet, Dish Tv, Wifi
  • Water: Private Well
  • Heating Cooling Type: Forced Air

Association/Amenities

  • Development Name: College Park

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Number: 13
  • Lot Dimensions: 118x 118x107x150
  • Zoning Use Restrictions: Residential, Multi-Family

Rental Info

  • Included In Lease: Not For Lease

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

Listed on
May 3, 2016
Closed on
Sep 23, 2016
Seller's Agent
Catherine Bristol
Keller Williams Northern Michi
Buyer's Agent
Ann Porter
REO-TCRandolph-233022
List Price
$182,000
Sold Price
$173,100
Premium/Discount to List
-$8,900
-4.89%
Current Estimated Value
$383,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,537
Avg. Annual Appreciation
9.55%

Purchase Details

Listed on
Jul 13, 2015
Closed on
Aug 14, 2015
Seller's Agent
Lesley Werth
45th Parallel Homes
Buyer's Agent
Catherine Bristol
Keller Williams Northern Michi
List Price
$137,000
Sold Price
$142,000
Premium/Discount to List
$5,000
3.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.16%

Purchase Details

Closed on
Jan 24, 2007

Purchase Details

Closed on
Nov 10, 2005

Purchase Details

Closed on
Mar 18, 2004

Purchase Details

Closed on
May 25, 2001

Purchase Details

Closed on
Jun 5, 1998

Purchase Details

Closed on
Feb 27, 1995
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
-- $173,100 --
-- $142,000 --
-- -- --
-- $180,000 --
-- $140,000 --
-- $140,000 --
-- $94,000 --
-- -$100 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2016 09/28/16 Sold $173,100 -4.9% $78 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
05/03/2016 05/03/16 For Sale $182,000 +28.2% $82 / Sq Ft
08/14/2015 08/14/15 Sold $142,000 +3.6% $65 / Sq Ft
07/15/2015 07/15/15 Pending -- -- --
07/13/2015 07/13/15 For Sale $137,000 -- $62 / 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 $3,373 $94,100 $0 $0
2024 $2,553 $94,100 $0 $0
2023 $2,562 $95,300 $0 $0
2022 $3,286 $95,300 $0 $0
2021 $3,191 $95,300 $0 $0
2020 $3,180 $111,300 $0 $0
2019 $3,137 $91,700 $0 $0
2018 $0 $82,700 $0 $0
2017 -- $86,900 $0 $0
2016 -- $73,000 $0 $0
2014 -- $75,100 $0 $0
2012 -- $61,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1815753

Northern Great Lakes REALTORS® MLS

APN: 05-085-013-00