NOT LISTED FOR SALE

525 Riverine Dr Unit 301 Traverse City, MI 49684

Downtown Traverse City Neighborhood

Estimated Value: $334,135 - $482,000

2 Beds
2 Baths
1,000 Sq Ft
$375/Sq Ft Est. Value

Last Sold March 24, 2021

Last sale price $212,900 $213 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $2,741/month

1 Day on Market

Highlights

  • Deeded Waterfront Access Rights
  • 600 Feet of Waterfront
  • Formal Dining Room
  • Central High School Rated A-
  • Cathedral Ceiling
  • Fireplace

About This Home

As of March 2021

Downtown living on the water at an affordable price! This wonderful location offers the perfect walkable Traverse City lifestyle with reasonable dues. Thoughtfully designed, the second floor unit has a balcony directly overlooking the river w/attached storage closet. Newer furnace and hot water heater. Ready for the new owner to customize the kitchen and bathroom as desired. No short term rentals per the association bylaws. Pet restrictions.

Last Agent to Sell the Property

Matthew Dakoske

REMAX Bayshore - Union St TC License #6501148333 Listed on: 02/03/2021

REMAX Bayshore - Union St TC

Last Buyer's Agent

Mike Street

Coldwell Banker Schmidt Traver License #6502115027

Coldwell Banker Schmidt Traver

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,763

Year Built

  • Built in 1990

Lot Details

  • 600 Feet of Waterfront
  • The community has rules related to zoning restrictions

HOA Fees

  • $224 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,000 Sq Ft Home
  • Cathedral Ceiling
  • Fireplace
  • Drapes & Rods
  • Blinds
  • Formal Dining Room

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Deeded Waterfront Access Rights
  • River Access

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

Overview

  • Association fees include exterior maintenance, lawn care, liability insurance, sewer, snow removal, trash removal, water
  • Riverine Condominium Assoc. Community

Amenities

  • Common Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,763

Year Built

Built in 1990

Lot Details

0

HOA Fees

$224 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Apartment
  • Estimated Year Built: 1990
  • Construction: Frame
  • Private Shared: Shared
  • Section Number: 3
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1990

Interior Features

  • Appliances Equipment: Oven/Range, Disposal, Dishwasher, Microwave, Wall Oven, Exhaust Fan, Blinds, Drapes
  • Interior Amenities: Cathedral Ceilings, Formal Dining Room
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 13.8x11.2, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 11.3x10.3, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 2
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 1
  • Number of Three Quarter Bathrooms: 1
  • Main Floor Primary: No
  • Dining Room: Dimensions: 10.11x9, On Level: Main Floor
  • Kitchen: Dimensions: 12x9.10, On Level: Main Floor, Flooring: Vinyl
  • Living Room: Dimensions: 15'4x13', On Level: Main Floor, Flooring: Carpet
  • Estimated Above Ground Finished Sq Ft: 1000
  • Price Per Sq Ft: 212.9
  • Range: R 10W
  • Total Finished Sf Apx: 1000

Exterior Features

  • Body Of Water: Boardman River
  • Exterior Finish: Vinyl
  • Foundation: Slab
  • Road: Blacktop
  • Roof: Asphalt
  • Water Features: River
  • Waterfront Frontage: 600

Garage/Parking

  • Driveway: Blacktop

Utilities

  • Fireplaces And Stoves: Fireplace(s)
  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: On Level: Main Floor
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Lawn Care, Liability Insurance, Sewer, Snow Removal, Trash Removal, Water
  • Condo: Yes
  • Condo Unit Access: Stairway (Outdoor)
  • Condo Unit Level: Second Floor Level
  • Association Fees: Monthly
  • Monthly Assn Dues: 224

Association/Amenities

  • Development Amenities: Common Area
  • Development Name: Riverine Condominium Assoc.

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Deeded Waterfront: Yes
  • Parcel Description: Condo/None
  • Zoning Use Restrictions: Residential, Multi-Family

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2021
Closed on
Mar 24, 2021
Sold by
Riverine Apts Llc
Bought by
Stout Bryan William
Seller's Agent
Matthew Dakoske
REMAX Bayshore - Union St TC
Buyer's Agent
Mike Street
Coldwell Banker Schmidt Traver
List Price
$215,900
Sold Price
$212,900
Premium/Discount to List
-$3,000
-1.39%
Current Estimated Value
$387,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,299
Avg. Annual Appreciation
14.44%
Source: Public Records

Range of Values:

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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
Stout Bryan William $212,900 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2021 03/24/21 Sold $212,900 -1.4% $213 / Sq Ft
02/03/2021 02/03/21 For Sale $215,900 -- $216 / 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 $4,763 $154,900 $0 $0
2024 $4,247 $124,800 $0 $0
2023 $6,056 $91,400 $0 $0
2022 $6,478 $114,900 $0 $0
2021 $1,539 $91,400 $0 $0
2020 $1,522 $85,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matthew Dakoske

    Seller's Agent in 2021

    Matthew Dakoske

    RE/MAX Michigan

    (231) 590-7722

    19 in this area

    746 Total Sales

    Section Image
  • Mike Street

    Buyer's Agent in 2021

    Mike Street

    Coldwell Banker Schmidt Traver

    (231) 922-3934

    2 in this area

    84 Total Sales

    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1883890

Northern Great Lakes REALTORS® MLS

APN: 51-747-001-13

Michigan Grand Traverse County Traverse City 49684 Downtown Traverse City

525 Riverine Dr Unit 301, Traverse City, MI

This home is located at 525 Riverine Dr Unit 301, Traverse City, MI 49684 since 03 February 2021 and is currently estimated at $375,284, approximately $375 per square foot. This property was built in 1990. 525 Riverine Dr Unit 301 is a home located in Grand Traverse County with nearby schools including Central Grade School, East Middle School, and Central High School.

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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