
547 Terrace Dr Traverse City, MI 49686
East Traverse City NeighborhoodHighlights
- Ranch Style House
- Screened Porch
- 1 Car Attached Garage
- Central High School Rated A-
- Breakfast Area or Nook
- Forced Air Heating and Cooling System
About This Home
As of January 2025Unlock the potential of this cozy 960 sq ft ranch at 547 Terrace Drive! Situated in a quiet neighborhood near downtown Traverse City, East Bay, the TART Trail, and the Civic Center, this home offers endless opportunities for renovation and personalization. The functional layout includes three bedrooms, one bathroom, and a cozy kitchen with a charming breakfast nook. Original hardwood floors lie beneath the carpet, waiting to be uncovered and restored. A spacious screened porch provides the perfect setting for relaxation or entertaining. Set on a generous 0.356-acre lot with alley access and a storage shed, this property combines convenience and potential in a prime location. Recent updates include a new roof (2020 & 2024), majority of the windows (2024), bathtub and stall replacement (2024) and a covered porch (2020).
Last Agent to Sell the Property
REMAX Bayshore - Union St TC License #6501407456 Listed on: 12/19/2024

Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,946
Year Built
- Built in 1955
Lot Details
- 0.35 Acre Lot
- Lot Dimensions are 100x155
- Level Lot
- The community has rules related to zoning restrictions
Home Design
- Ranch Style House
- Fixer Upper
- Frame Construction
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 960 Sq Ft Home
- Ceiling Fan
- Screened Porch
- Crawl Space
Kitchen
- Breakfast Area or Nook
- Oven or Range
- Recirculated Exhaust Fan
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Parking
- 1 Car Attached Garage
- Alley Access
- Garage Door Opener
Outdoor Features
- Shed
- Rain Gutters
Schools
- Traverse Heights Elementary School
- Traverse City East Middle School
- Central High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
- Cable TV Available
Community Details
- Cromwell Terrace Community
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Similar Homes in Traverse City, MI
Home Values in the Area
Average Home Value in this Area
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $309,000 | -- | |
Deed | $119,000 | -- |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
01/03/2025 01/03/25 | Sold | $309,000 | +0.3% | $322 / Sq Ft |
12/19/2024 12/19/24 | For Sale | $308,000 | -- | $321 / Sq Ft |
Tax History Compared to Growth
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 | $4,946 | $156,400 | $0 | $0 |
2024 | $4,569 | $146,200 | $0 | $0 |
2023 | $4,286 | $105,100 | $0 | $0 |
2022 | $4,423 | $112,600 | $0 | $0 |
2021 | $4,188 | $105,100 | $0 | $0 |
2020 | $4,150 | $103,700 | $0 | $0 |
2019 | $4,116 | $89,300 | $0 | $0 |
2018 | $4,027 | $83,800 | $0 | $0 |
2017 | -- | $87,100 | $0 | $0 |
2016 | -- | $75,900 | $0 | $0 |
2014 | -- | $70,900 | $0 | $0 |
2012 | -- | $67,100 | $0 | $0 |
Agents Affiliated with this Home
-
Seller's Agent in 2025
Kyle O'Grady
RE/MAX Michigan
(231) 499-9999
3 in this area
102 Total Sales
-
Buyer's Agent in 2025
Lexa Ferrill
Real Estate One
(231) 620-2008
3 in this area
77 Total Sales
Map
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1929731

APN: 51-534-035-00
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