NOT LISTED FOR SALE

7181 Cherrywood Ct Traverse City, MI 49686

Old Mission Peninsula Neighborhood

Estimated Value: $344,000 - $448,000

2 Beds
2.5 Baths
1,600 Sq Ft
$236/Sq Ft Est. Value

Last Sold March 27, 2023

Last sale price $315,000 $197 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,740/month

11 Days on Market

Highlights

  • Wooded Lot
  • Ground Level Unit
  • Forced Air Heating and Cooling System
  • Central High School Rated A-
  • 1 Car Attached Garage
  • Patio

About This Home

As of March 2023

TOTALLY REMODELED condo in Cherrywood Commons on Old Mission Peninsula. 2 Bedrooms, 2.5 Bathrooms with finished family room in the lower level. Upgrades include newer wider baseboards, newer paint, newer flooring, newer kitchen sink, faucets and light fixtures. Both bathroom vanities, granite and lights all replaced. Garage flooring updated as well as outside patio. All the exterior was trimmed and cleaned up in the Spring of 2019 by the previous owner. Excellent location, within 2 miles of East Bay and West Bay, close to downtown TC as well as local wineries, restaurants, breweries, beaches and more!

Last Agent to Sell the Property

Danielle Jerome

Coldwell Banker Schmidt Traver License #6501377986 Listed on: 02/21/2023

Coldwell Banker Schmidt Traver

Co-Listed By

Karen Schmidt

Coldwell Banker Schmidt Traver License #6501234844

Last Buyer's Agent

Abigail Vannatter

The Mitten Real Estate Group License #6501443639

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,520

Year Built

  • Built in 1980

Lot Details

  • Landscaped
  • Level Lot
  • Sprinkler System
  • Cleared Lot
  • Wooded Lot
  • The community has rules related to zoning restrictions

HOA Fees

  • $310 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Poured Concrete
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Patio
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Additional Features

  • Minimal Steps
  • Ground Level Unit

Community Details

  • Association fees include exterior maintenance, liability insurance, snow removal, trash removal
  • Cherrywood Commons Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,520

Year Built

Built in 1980

Lot Details

0

HOA Fees

$310 per month

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 1 Story
  • Percent Of Remodel: 95
  • Estimated Year Built: 1980
  • Construction: Frame
  • Section Number: 25
  • Year Updated: 2020
  • Year Renovated: 2020
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1980

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave
  • Interior Amenities: Drywall
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 11x14, On Level: Main Floor, Flooring: Carpet
  • Bedroom 2: Dimensions: 11x12, On Level: Main Floor, Flooring: Carpet
  • Total Bathrooms: 2.5
  • Primary Bathroom: Private
  • Number of Lower Level Bathrooms: 1
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 1
  • Number of Three Quarter Bathrooms: 1
  • Half Bathrooms: 1
  • Main Floor Primary: Yes
  • Family Room: On Level: Lower Floor, Flooring: Carpet
  • Kitchen: Dimensions: 9x12, On Level: Main Floor, Flooring: Vinyl
  • Living Room: Dimensions: 23x16, On Level: Main Floor, Flooring: Carpet
  • Other Room: Dimensions: 10x9, On Level: Lower Floor
  • Estimated Above Ground Finished Sq Ft: 1100
  • Estimated Below Grade Finished Sq Ft: 500
  • Estimated Below Grade Unfinished Sq Ft: 600
  • Price Per Sq Ft: 196.88
  • Range: R 11W
  • Total Finished Sf Apx: 1600

Exterior Features

  • Exterior Features: Sprinkler System, Patio, Landscaped, Gutters
  • Exterior Finish: Vinyl
  • Foundation: Poured Concrete, Finished Rooms
  • Road: Privately Maintained
  • Roof: Asphalt

Garage/Parking

  • Driveway: Blacktop
  • Garage Capacity: 1
  • Primary Garage: Attached, Paved Driveway

Utilities

  • Heating Cooling Types: Forced Air
  • Laundry: Dimensions: 9x4, On Level: Main Floor, Flooring: Vinyl
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV, DSL, Cable Internet, Dish TV, WiFi
  • Water: Municipal

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Liability Insurance, Snow Removal, Trash Removal
  • Condo: Yes
  • Condo Unit Access: Limited Steps
  • Condo Unit Level: First Floor Level
  • Association Fees: Monthly
  • Monthly Assn Dues: 310

Association/Amenities

  • Development Amenities: Pets Allowed
  • Development Name: Cherrywood Commons

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Land Features: Wooded-Hardwoods, Cleared, Wooded, Level
  • Mineral Rights: Unknown
  • Parcel Description: Condo/None
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2023
Closed on
Mar 27, 2023
Sold by
Balachandran Kandiah and Balachandran Monica
Bought by
Coxton David
Seller's Agent
Danielle Jerome
Coldwell Banker Schmidt Traver
Buyer's Agent
Abigail Vannatter
The Mitten Real Estate Group
List Price
$299,900
Sold Price
$315,000
Premium/Discount to List
$15,100
5.04%
Views
88
Current Estimated Value
$377,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,607
Avg. Annual Appreciation
5.62%

Purchase Details

Listed on
Feb 20, 2020
Closed on
Feb 20, 2020
Sold by
Steckleyschmidt Karen J
Bought by
Kandiah Balachandran and Balachandran Monica
Seller's Agent
Karen Schmidt
Coldwell Banker Schmidt Traver
Buyer's Agent
Dee Kingston
Coldwell Banker Schmidt Traver
List Price
$213,500
Sold Price
$213,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.37%

Purchase Details

Closed on
Sep 30, 2012

Purchase Details

Closed on
Jun 1, 1990
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
Coxton David $315,000 --
Kandiah Balachandran $213,500 --
-- -- --
-- $70,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2023 03/27/23 Sold $315,000 +5.0% $197 / Sq Ft
02/21/2023 02/21/23 For Sale $299,900 +40.5% $187 / Sq Ft
02/20/2020 02/20/20 Sold $213,500 0.0% $133 / Sq Ft
02/20/2020 02/20/20 Pending -- -- --
02/20/2020 02/20/20 For Sale $213,500 +25.8% $133 / Sq Ft
07/09/2019 07/09/19 Sold $169,653 -3.0% $154 / Sq Ft
05/29/2019 05/29/19 Pending -- -- --
05/24/2019 05/24/19 For Sale $174,900 -- $159 / 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 $4,520 $198,200 $0 $0
2024 $2,973 $162,300 $0 $0
2023 $1,890 $94,700 $0 $0
2022 $2,706 $99,400 $0 $0
2021 $2,526 $94,700 $0 $0
2020 $2,535 $94,700 $0 $0
2019 $1,609 $63,400 $0 $0
2018 $2,155 $63,400 $0 $0
2017 -- $63,400 $0 $0
2016 -- $61,000 $0 $0
2014 -- $54,600 $0 $0
2012 -- $60,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Danielle Jerome

    Seller's Agent in 2023

    Danielle Jerome

    Coldwell Banker Schmidt Traver

    (248) 762-2622

    30 in this area

    154 Total Sales

    Danielle Jerome
    Section Image
  • Karen Schmidt

    Seller Co-Listing Agent in 2023

    Karen Schmidt

    Coldwell Banker Schmidt Traver

    (231) 218-4463

    30 in this area

    139 Total Sales

    Karen Schmidt
    Section Image
  • Abigail Vannatter

    Buyer's Agent in 2023

    Abigail Vannatter

    The Mitten Real Estate Group

    (231) 944-9697

    1 in this area

    5 Total Sales

    Abigail Vannatter
    Section Image

  • D

    Buyer's Agent in 2020

    Dee Kingston

    Coldwell Banker Schmidt Traver

  • Kyle O'Grady

    Seller's Agent in 2019

    Kyle O'Grady

    RE/MAX Michigan

    (231) 499-9999

    31 in this area

    105 Total Sales

    Kyle O'Grady
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1908545

Northern Great Lakes REALTORS® MLS

APN: 11-451-036-00

Michigan Grand Traverse County Traverse City 49686 Old Mission Peninsula

7181 Cherrywood Ct, Traverse City, MI

This home is located at 7181 Cherrywood Ct, Traverse City, MI 49686 since 21 February 2023 and is currently estimated at $377,607, approximately $236 per square foot. This property was built in 1980. 7181 Cherrywood Ct is a home located in Grand Traverse County with nearby schools including Eastern Elementary 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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