NOT LISTED FOR SALE

415 E State St Traverse City, MI 49686

Boardman Neighborhood

Estimated Value: $619,000 - $693,000

-- Bed
1 Bath
1,187 Sq Ft
$557/Sq Ft Est. Value

Last Sold June 12, 2025

Last sale price $633,000 $533 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,125/month

10 Days on Market

Highlights

  • Deck
  • Covered Patio or Porch
  • Wood Siding
  • Central High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of June 2025

Downtown Traverse City development parcel that is zoned R-3. No density requirement and allows up to 45’ building height. No value is being attributed to the house. However, please do not walk the property without scheduling a showing, as there are tenants currently living in the house. Please respect their privacy, thank you.

Last Agent to Sell the Property

Mike Annelin

Century 21 Northland License #6501332459 Listed on: 04/19/2025

Century 21 Northland

Last Buyer's Agent

Steven Nichols

TYRELL-NICHOLS, LLC License #6504300805

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1889

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 66 x 165
  • The community has rules related to zoning restrictions

Home Design

  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,187 Sq Ft Home
  • 1.5-Story Property
  • Michigan Basement

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • 2 Units
  • Boardman Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1889

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Style: 1.5 Story
  • Estimated Year Built: 1889
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1889

Interior Features

  • Range: R 11W
  • Total Finished Sf Apx: 1187

Exterior Features

  • Exterior Features: Deck, Sidewalk, Covered Porch
  • Exterior Finish: Wood
  • Foundation: Michigan Basement, Block
  • Number Of Acres: 0.25
  • Road: Public Maintained
  • Roof: Asphalt

Utilities

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

Association/Amenities

  • Development Name: Boardman

Lot Info

  • Lot Dimensions: 66 x 165
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Multi-Family

Rental Info

  • Rent Spree Y N: No

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
Apr 19, 2025
Closed on
Jun 12, 2025
Sold by
Old Silver Maple Llc
Bought by
Blue Garden Props Llc
Seller's Agent
Mike Annelin
Century 21 Northland
Buyer's Agent
Steven Nichols
TYRELL-NICHOLS, LLC
List Price
$700,000
Sold Price
$633,000
Premium/Discount to List
-$67,000
-9.57%
Views
17
Current Estimated Value
$661,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,258
Avg. Annual Appreciation
8.59%

Purchase Details

Closed on
Oct 18, 2010

Purchase Details

Closed on
Oct 15, 2010

Purchase Details

Closed on
Jan 25, 2008

Purchase Details

Closed on
Mar 19, 1997
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Blue Garden Props Llc $633,000 --
-- $225,000 --
-- -- --
-- $160,000 --
-- $81,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2025 06/12/25 Sold $633,000 -9.6% $533 / Sq Ft
04/19/2025 04/19/25 For Sale $700,000 -- $590 / 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 $8,047 $246,200 $0 $0
2024 $7,434 $225,800 $0 $0
2023 $6,973 $167,800 $0 $0
2022 $7,196 $174,500 $0 $0
2021 $7,022 $167,800 $0 $0
2020 $6,946 $184,600 $0 $0
2019 $6,887 $146,900 $0 $0
2018 $6,739 $142,100 $0 $0
2017 -- $124,500 $0 $0
2016 -- $97,400 $0 $0
2014 -- $91,500 $0 $0
2012 -- $106,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Annelin

    Seller's Agent in 2025

    Mike Annelin

    Century 21 Northland

    (231) 499-4249

    4 in this area

    204 Total Sales

    Mike Annelin
    Section Image

  • S

    Buyer's Agent in 2025

    Steven Nichols

    TYRELL-NICHOLS, LLC

    (231) 929-7133

    1 in this area

    1 Total Sale

    Steven Nichols
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1932637

Northern Great Lakes REALTORS® MLS

APN: 51-798-017-00

Michigan Grand Traverse County Traverse City 49686 Boardman

415 E State St, Traverse City, MI

Not Listed for Sale

MultiFamily

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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