$309,000
SOLD JAN 3, 2025
3 Beds
1 Bath
960 Sq Ft
0.35 Acres

Recently Sold

$322 Per Sq Ft

13 Days on Market

Highlights

  • 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 2025

Unlock 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

Kyle O'Grady

REMAX Bayshore - Union St TC License #6501407456 Listed on: 12/19/2024

REMAX Bayshore - Union St TC

Last Buyer's Agent

Lexa Ferrill

REO-TCRandolph-233022 License #6501431255

REO-TCRandolph-233022

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,946

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: Ranch, 1 Story
  • Estimated Year Built: 1955
  • Construction: Frame
  • Section Number: 12
  • Univs Design Barrier Free: Covered Entrance
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1955

Interior Features

  • Appliances Equipment: Oven/Range, Exhaust Fan, Ceiling Fan, Natural Gas Water Heater
  • Interior Amenities: Breakfast Nook, Fixer-Upper
  • Bedrooms: 3
  • Bedroom 1: Dimensions: 14'2"x11'7", On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 10'3"x8"4", On Level: Main Floor, Flooring: Carpet
  • Bedroom 3: Dimensions: 11'x11'7", On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 1
  • Primary Bathroom: Shared
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Primary: Yes
  • Kitchen: Dimensions: 14'3"x11'7", On Level: Main Floor, Flooring: Laminate
  • Living Room: Dimensions: 17'10"x17', On Level: Main Floor, Flooring: Carpet
  • Estimated Above Ground Finished Sq Ft: 960
  • Price Per Sq Ft: 321.88
  • Range: R 11W
  • Total Finished Sf Apx: 960

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Exterior Features: Porch, Screened Porch, Gutters
  • Exterior Finish: Vinyl
  • Foundation: Crawl Space
  • Number Of Acres: 0.35
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Garage/Parking

  • Driveway: Concrete, Alley Access
  • Garage Capacity: 1
  • Primary Garage: Attached, Door Opener, Alley Entrance, Paved Driveway, Concrete Floors

Utilities

  • Heating Cooling Types: Forced Air, Central Air
  • Laundry: On Level: Main Floor, Flooring: Laminate
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV, Cable Internet, WiFi
  • Water: Municipal

Association/Amenities

  • Development Name: Cromwell Terrace

Schools

  • School District: Traverse City Area Public Schools
  • Elementary School: Traverse Heights Elementary School
  • Middle School: Traverse City East Middle School
  • High School: Central High School

Lot Info

  • Land Features: Level
  • Lot Dimensions: 100x155
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

Tax Info

  • Taxable Value: 89010

MLS Schools

  • Elementary School: Traverse Heights Elementary School
  • HighSchool: Central High School
  • School District: Traverse City Area Public Schools
  • Middle School: Traverse City East Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2024
Closed on
Jan 3, 2025
Sold by
Wiley Timothy R
Bought by
May Ark and Marin Young Marin
Seller's Agent
Kyle O'Grady
REMAX Bayshore - Union St TC
Buyer's Agent
Lexa Ferrill
REO-TCRandolph-233022
List Price
$308,000
Sold Price
$309,000
Premium/Discount to List
$1,000
0.32%
Views
8
Current Estimated Value
$318,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,533
Avg. Annual Appreciation
5.23%

Purchase Details

Closed on
Jun 20, 2000
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $309,000 --
Deed $119,000 --
Source: Public Records

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
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 $4,946 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1929731

Northern Great Lakes REALTORS® MLS

APN: 51-534-035-00