$310,000

321 Fair St Traverse City, MI 49686

East Traverse City Neighborhood

Estimated payment $1,789/month

Total Views 565
2 Beds
1.5 Baths
1,131 Sq Ft
$274 Price per Sq Ft

Highlights

  • Mud Room
  • Solid Surface Countertops
  • Ceiling Fan
  • Central High School Rated A-
  • Forced Air Heating and Cooling System
  • 4-minute walk to Kids Kove

About This Home

Located in the heart of Traverse City, this 2-bedroom, 1.5-bath this home sits on a rare and highly sought-after city lot offering exceptional potential for future expansion or redevelopment. The property’s deep lot allows room for a garage addition or possibly an auxiliary dwelling unit (ADU) a unique opportunity for those looking to invest, create additional living space, or generate rental income right in town. The existing home provides comfortable living with an efficient layout and great natural light, making it ideal for full-time residents, first-time buyers, or investors looking to enhance value. The real appeal, however, lies in the versatility of the lot and location—close to downtown shopping, dining, beaches, and all that Traverse City living has to offer.

Listing Agent

Jennifer Hastings

Key Realty One-TC License #6501391762 Listed on: 11/13/2025

Key Realty One-TC

Co-Listing Agent

Brenna Russell

Key Realty One-TC License #6501419328

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,863

Year Built

  • Built in 1949

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 48x166x49x165
  • Sprinkler System
  • The community has rules related to zoning restrictions

Parking

  • Alley Access

Home Design

  • Block Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,131 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Mud Room
  • Entrance Foyer

Kitchen

  • No Kitchen Appliances
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Well

Community Details

  • Foster & Crotsers Add Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,863

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story
  • Estimated Year Built: 1949
  • Construction: Frame
  • Special Features: OpenHouse
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1949

Interior Features

  • Appliances Equipment: No Appliances, Ceiling Fan
  • Interior Amenities: Foyer Entrance, Solid Surface Counters, Mud Room, Drywall
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 10.9x12, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 12.1x14.4, On Level: Upper Floor, Flooring: Carpet
  • Total Bathrooms: 1.5
  • Primary Bathroom: Shared
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Floor Primary: Yes
  • Dining Room: Dimensions: 10.9x13.0, On Level: Main Floor, Flooring: Carpet
  • Kitchen: Dimensions: 11.8x13.0, On Level: Main Floor, Flooring: Laminate
  • Living Room: Dimensions: 11.9x19.11, On Level: Main Floor, Flooring: Carpet
  • Range: R 11W
  • Total Finished Sf Apx: 1131

Exterior Features

  • Exterior Features: Sprinkler System
  • Exterior Finish: Vinyl
  • Foundation: Block
  • Number Of Acres: 0.18
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Garage/Parking

  • Driveway: Concrete, Dirt, Alley Access

Utilities

  • Heating Cooling Types: Forced Air
  • Laundry: On Level: Main Floor
  • Sewer: Municipal
  • Tv Service Internet Avail: Unknown
  • Water: Private Well

Association/Amenities

  • Development Name: Foster & Crotsers Add

Lot Info

  • Lot Dimensions: 48x166x49x165
  • Mineral Rights: Unknown
  • Parcel Description: Metes and Bounds, Splits Available
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

Tax Info

  • Summer Taxes: 1652
  • Total Taxes: 1863
  • Winter Taxes: 210
  • Year Winter: 2024

MLS Schools

  • School District: Traverse City Area Public Schools

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $1,863 $155,000 $0 $0
2024 $1,652 $141,300 $0 $0
2023 $1,537 $100,300 $0 $0
2022 $1,654 $111,200 $0 $0
2021 $1,621 $100,300 $0 $0
2020 $1,605 $93,500 $0 $0
2019 $1,409 $84,300 $0 $0
2018 $1,567 $78,900 $0 $0
2017 -- $71,700 $0 $0
2016 -- $64,000 $0 $0
2014 -- $57,300 $0 $0
2012 -- $56,500 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2025 11/13/25 For Sale $810,000 +161.3% $716 / Sq Ft
11/13/2025 11/13/25 For Sale $310,000 -- $274 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1940479

Northern Great Lakes REALTORS® MLS

APN: 51-582-010-00

Michigan Grand Traverse County Traverse City 49686 East Traverse City

321 Fair St, Traverse City, MI

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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Jennifer Hastings
Listing Agent
Jennifer Hastings
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Key Realty One-TC
(231) 660-8875