NOT LISTED FOR SALE

7200 Barney Rd Unit 7200-7208 Traverse City, MI 49684

8 Beds
5 Baths
2,700 Sq Ft
3.16 Acres

Last Sold April 14, 2015

Last sale price $320,000 $119 Per Sq Ft

1,054 Days on Market

Highlights

  • 3.16 Acre Lot
  • Deck
  • Detached Garage
  • Countryside Views
  • Pole Barn
  • Patio

About This Home

As of April 2015

Great opportunity for investor: 5 unit apartment building on 3 acre site 4.5 miles from downtown TC on west side. All fully leased with sec. deposits equal to one month rent. Recently updated all apartments including flooring, paint, decks, stackable washer/dryer in 3 units. Pole barn leased for $300/month. Rent includes heat (studio also includes electric). Many costs eliminated with owner/operator. Roof 2003/boiler 2004/well 2006. Up to 12 units allowed w conditional use permit from Long Lake Township (zoning changed after purchase)

Last Agent to Sell the Property

Kimberly Creamer

Five Star Real Estate - Front St TC License #6506042125 Listed on: 05/03/2012

Last Buyer's Agent

Cookie Shugart

BAYSHORE GROUP REALTY License #6501079300

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1983

Lot Details

  • 3.16 Acre Lot
  • The community has rules related to zoning restrictions

Home Design

  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,700 Sq Ft Home
  • 1.5-Story Property
  • Countryside Views
  • Oven or Range
  • Washer and Dryer Hookup

Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • Detached Garage
  • Carport

Outdoor Features

  • Deck
  • Patio
  • Pole Barn

Utilities

  • Heating System Uses Steam
  • Well
  • Cable TV Available

Listing and Financial Details

  • Rent includes exterior maintenance, trash removal, snow removal, heating/cooling

Community Details

Overview

  • 6 Units
  • Metes And Bounds Community

Building Details

  • Net Operating Income $31,489

Property Details

Home Type

Apartment

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Apartment Complex
  • Style: 1.5 Story
  • Estimated Year Built: 1983
  • Construction: Timber Frame
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1983
  • Year Renovated: 2012

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range
  • Interior Amenities: Laundry Hook-Up
  • Range: R 12W
  • Total Finished Sf Apx: 2700

Exterior Features

  • Additional Buildings: Pole Building(s)
  • Exterior Features: Deck, Countryside View, Patio
  • Exterior Finish: Wood
  • Foundation: Walkout, Partial, Entrance Inside
  • Number Of Acres: 3.16
  • Road: Public Maintained
  • Roof: Asphalt

Garage/Parking

  • Primary Garage: Paved Driveway, Carport(s), Detached

Utilities

  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable Tv
  • Water: Private Well
  • Heating Cooling Type: Hot Water, Steam
  • Monthly Electricity Expense: 149.18
  • Monthly Heat Expense: 211.71

Association/Amenities

  • Development Name: Metes and Bounds

Lot Info

  • Lot Dimensions: Irregular
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential

Rental Info

  • Included In Lease: Exterior Maintenance, Trash Removal, Snow Removal, Heating/Cooling

Tax Info

  • Year Winter: 501

Multi Family

  • Total Number Units: 6

MLS Schools

  • School District: Traverse City Area Public Schools

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2015 04/14/15 Sold $320,000 -5.6% $119 / Sq Ft
03/23/2015 03/23/15 Pending -- -- --
05/03/2012 05/03/12 For Sale $339,000 -- $126 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2015

    Kimberly Creamer

    Five Star Real Estate - Front St TC

    (231) 620-6602

    1 in this area

    73 Total Sales

    Kimberly Creamer
    Section Image

  • C

    Buyer's Agent in 2015

    Cookie Shugart

    BAYSHORE GROUP REALTY

See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1735523

Northern Great Lakes REALTORS® MLS
Michigan Grand Traverse County Traverse City 49684

7200 Barney Rd Unit 7200-7208, Traverse City, MI

Not Listed for Sale

MultiFamily

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.

Nearby Homes