NOT LISTED FOR SALE

433 E State St Traverse City, MI 49686

Boardman Neighborhood

Estimated Value: $735,000 - $913,000

5 Beds
4 Baths
2,486 Sq Ft
$326/Sq Ft Est. Value

Last Sold October 28, 2016

Last sale price $215,000 $86 Per Sq Ft

Est. 277% increase in value since last sale

Current estimated payment $5,052/month

31 Days on Market

Highlights

  • Deck
  • Victorian Architecture
  • Porch
  • Central High School Rated A-
  • Balcony
  • Forced Air Heating and Cooling System

About This Home

As of October 2016

IDEAL Location right downtown TC this rare quadraplex is a perfect investment opportunity. Containing 4 different units all with their own entrance, 5 bedrooms and 4 bathrooms total! The building itself needs work, but priced to sell!

Last Agent to Sell the Property

Weston Buchan

REO-TCRandolph-233022 License #6501369466 Listed on: 09/14/2016

REO-TCRandolph-233022

Last Buyer's Agent

Ann Porter

REO-TCRandolph-233022 License #6506044226

REO-TCRandolph-233022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1886

Lot Details

  • 0.25 Acre Lot
  • The community has rules related to zoning restrictions

Home Design

  • Victorian Architecture
  • Fixer Upper
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,486 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Basement

  • Michigan Basement
  • Partial Basement

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes exterior maintenance, trash removal, heating/cooling, water, sewer, pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1886

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: 4 - Plex
  • Style: 2 Story, Victorian
  • Estimated Year Built: 1886
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1886

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range
  • Interior Amenities: Fixer-Upper
  • Range: R 11W
  • Total Finished Sf Apx: 2486

Exterior Features

  • Exterior Features: Deck, Patio, Porch, Balcony
  • Exterior Finish: Wood
  • Foundation: Partial, Michigan Basement
  • Number Of Acres: 0.25
  • Road: Public Maintained
  • Roof: Asphalt

Garage/Parking

  • Primary Garage: Alley Entrance

Utilities

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

Lot Info

  • Mineral Rights: Unknown
  • Percent Wooded: 25
  • Zoning Use Restrictions: Multi-Family
  • Percent Open: 75

Rental Info

  • Included In Lease: Exterior Maintenance, Trash Removal, Heating/Cooling, Water, Sewer, Pets Allowed

Multi Family

  • Total Number Units: 4

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2017
Current Estimated Value
$810,601

Purchase Details

Listed on
Sep 14, 2016
Closed on
Oct 28, 2016
Seller's Agent
Weston Buchan
REO-TCRandolph-233022
Buyer's Agent
Ann Porter
REO-TCRandolph-233022
List Price
$219,900
Sold Price
$215,000
Premium/Discount to List
-$4,900
-2.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.52%

Purchase Details

Closed on
May 19, 2004
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
-- -- --
-- $215,000 --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2016 10/28/16 Sold $215,000 -2.2% $86 / Sq Ft
10/15/2016 10/15/16 Pending -- -- --
09/14/2016 09/14/16 For Sale $219,900 -- $88 / 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 $9,802 $300,800 $0 $0
2024 $9,055 $278,900 $0 $0
2023 $8,495 $202,500 $0 $0
2022 $8,766 $228,000 $0 $0
2021 $8,554 $202,500 $0 $0
2020 $8,461 $173,100 $0 $0
2019 $8,390 $158,500 $0 $0
2018 $8,210 $146,400 $0 $0
2017 -- $136,600 $0 $0
2016 -- $132,400 $0 $0
2014 -- $118,800 $0 $0
2012 -- $118,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Weston Buchan

    Seller's Agent in 2016

    Weston Buchan

    Real Estate One

    (231) 590-4355

    1 in this area

    98 Total Sales

    Weston Buchan
    Section Image
  • Ann Porter

    Buyer's Agent in 2016

    Ann Porter

    Real Estate One

    (231) 944-4959

    372 Total Sales

    Ann Porter
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1823112

Northern Great Lakes REALTORS® MLS

APN: 51-798-013-00

Michigan Grand Traverse County Traverse City 49686 Boardman

433 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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