NOT LISTED FOR SALE

514 E 8th St Traverse City, MI 49686

South Traverse City Neighborhood

Estimated Value: $486,000 - $640,000

4 Beds
3 Baths
1,656 Sq Ft
$331/Sq Ft Est. Value

Sale Details

Date Sold: May 2, 2022

Last sale price $360,000 $217 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,678 / mo

9 Days on Market

Highlights

  • Fenced Yard
  • Forced Air Heating and Cooling System
  • Satellite Dish
  • Central High School Rated A-
  • Entrance Foyer
  • 5-minute walk to Hull Park

About This Home

As of May 2022

Tenant occupied. Any back up showings are to be scheduled after April 30th.Zoned D-2. This Multi Family income property has a great rental history. Current Tenants have lease agreements in place. D-2 zoning uses allowed file is in document folder.

Last Agent to Sell the Property

Bruce Mercier

Key Realty One-TC License #6501270427 Listed on: 04/20/2022

Key Realty One-TC

Last Buyer's Agent

Bob Brick

REMAX Bayshore - West Shore Dr TC

REMAX Bayshore - West Shore Dr TC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 25 x 166
  • Fenced Yard
  • The community has rules related to zoning restrictions

Home Design

  • Triplex
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,656 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Michigan Basement
  • Fire and Smoke Detector
  • Oven or Range

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Satellite Dish
  • Cable TV Available
  • TV Antenna

Community Details

  • 3 Units

Listing and Financial Details

  • Rent includes heating/cooling, electric, water, sewer

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Triplex
  • Style: 2 Story, Apartment
  • Estimated Year Built: 1900
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Natural Gas Water Heater, Smoke Alarms
  • Interior Amenities: Foyer Entrance
  • Range: R 11W
  • Total Finished Sf Apx: 1656

Exterior Features

  • Exterior Features: Sidewalk, Fenced Yard
  • Exterior Finish: Vinyl Siding
  • Foundation: Michigan Basement
  • Number Of Acres: 0.17
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Garage/Parking

  • Primary Garage: Alley Entrance

Utilities

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

Lot Info

  • Lot Dimensions: 25 x 166
  • Zoning Use Restrictions: Rental History

Rental Info

  • Included In Lease: Heating/Cooling, Electric, Water, Sewer

Multi Family

  • Total Number Units: 3

MLS Schools

  • School District: Traverse Bay Area Intermediate School District

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2023
Sold by
Bought by
Current Estimated Value
$548,097

Purchase Details

Listed on
Apr 20, 2022
Closed on
May 2, 2022
Sold by
Bought by
Seller's Agent
Bruce Mercier
Key Realty One-TC
Buyer's Agent
Bob Brick
REMAX Bayshore - West Shore Dr TC
List Price
$335,000
Sold Price
$360,000
Premium/Discount to List
$25,000
7.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.45%

Purchase Details

Closed on
Apr 20, 2004

Purchase Details

Closed on
Jun 1, 1991
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$358,500 --
$360,000 --
$140,000 --
$51,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/02/2022 05/02/22 Sold $360,000 +7.5% $217 / Sq Ft
04/20/2022 04/20/22 For Sale $335,000 -- $202 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $8,294 $213,200 $0 $0
2025 $7,516 $217,800 $0 $0
2024 $7,306 $180,500 $0 $0
2023 $8,449 $104,600 $0 $0
2022 $4,139 $120,500 $0 $0
2021 $4,039 $104,600 $0 $0
2020 $3,995 $92,300 $0 $0
2019 $3,961 $84,100 $0 $0
2018 $3,876 $83,300 $0 $0
2017 -- $82,900 $0 $0
2016 -- $73,800 $0 $0
2014 -- $67,600 $0 $0
2012 -- $63,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Bruce Mercier

    Key Realty One-TC

    Section Image
  • Bob Brick

    Buyer's Agent in 2022

    Bob Brick

    RE/MAX Michigan

    (231) 715-1464

    9 in this area

    827 Total Sales

    Bob Brick
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1898712

Northern Great Lakes REALTORS® MLS

APN: 51-634-006-00

Michigan Grand Traverse County Traverse City 49686 South Traverse City

514 E 8th St, Traverse City, MI

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 2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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