Welcome to this stunning modern condo located on Gray Drive, nestled within the historic Commons of Traverse City! This sleek 2-bedroom, 2-bath home boasts a contemporary design with luxury finishes, including elegant quartz countertops in the kitchen. Imagine enjoying your morning coffee on a beautiful deck overlooking a lush green forest with the soothing sounds of a babbling brook just beyond—easily heard from both the kitchen and living room. This unit also has an excellent rental history, making it a great investment opportunity. Living here offers a vibrant lifestyle with walkable access to local favorites like Left Foot Charlie, Spanglish, and Earth & Ales. Whether you're in the mood for dining, drinks, or wellness, you're steps away from Pure Pilates and miles of scenic hiking trails to explore. A truly unique opportunity to live amidst the charm and convenience of The Commons!
Sold for $520,000
$520,000
1388 Gray Dr Unit 10, Traverse City, MI 49684
2beds
1,098sqft
Condominium, Single Family Residence
Built in 2020
-- sqft lot
$538,800 Zestimate®
$474/sqft
$2,269 Estimated rent
Home value
$538,800
$485,000 - $603,000
$2,269/mo
Zestimate® history
Owner options
List your home for rent
$2,269/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,269/mo
Rent Zestimate®
Refinance and save
$7,043/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$7,043/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Jules Yates 231-642-9888,
REMAX Bayshore - Union St TC 231-941-4500
Bought with:
Amber Griswold, 6501413906
Century 21 Northland
Source: NGLRMLS,MLS#: 1927142
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 119.6
- Dimensions: 10.4 x 11.5
Bedroom 2
- Level: Main
- Area: 212.5
- Dimensions: 17 x 12.5
Primary bathroom
- Features: Private
Dining room
- Level: Main
- Width: 17.6
Kitchen
- Level: Main
- Area: 124.08
- Dimensions: 13.2 x 9.4
Living room
- Level: Main
- Length: 16.9
Heating
- Forced Air, Natural Gas
Appliances
- Included: Refrigerator, Oven/Range, Disposal, Microwave, Washer, Dryer, Electric Water Heater
- Laundry: Main Level
Features
- Other, Granite Bath Tops, Granite Counters, Kitchen Island, Cable TV, High Speed Internet
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,098
- Total interior livable area: 1,098 sqft
- Finished area above ground: 1,098
- Finished area below ground: 0
Property
Parking
- Parking features: None, Concrete
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: Stairway (Indoor),Second Floor Level
- Exterior features: Sprinkler System, Balcony, Rain Gutters
- Waterfront features: Creek, Vegetation to Water Edge
Lot
- Features: Level
Details
- Additional structures: None
- Parcel number: 0546301000
- Zoning description: Residential,Multi-Family,Other,Deed Restrictions,Building-Use Restrictions
Construction
Type & style
- Home type: Condo
- Architectural style: Other,Contemporary
- Property subtype: Condominium, Single Family Residence
- Attached to another structure: Yes
Materials
- 2x6 Framing, Frame, Cement Siding
- Foundation: Poured Concrete, Slab
- Roof: Membrane
Condition
- Under Construction
- New construction: No
- Year built: 2020
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Pets Allowed, Common Area
- Security: Smoke Detector(s)
- Subdivision: The Lofts at Asylum Creek
HOA
- Services included: Water, Sewer, Trash, Snow Removal, Maintenance Grounds, Maintenance Structure, Liability Insurance, Fire Insurance
- HOA fee: $3,888 annually
Location
- Region: Traverse City
Financial & listing details
- Price per square foot: $474/sqft
- Tax assessed value: $553,000
- Annual tax amount: $11,930
- Price range: $520K - $520K
- Date on market: 9/14/2024
- Cumulative days on market: 276 days
- Listing agreement: Exclusive Right Sell
- Listing terms: Conventional,Cash
- Ownership type: Private Owner
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2025 | Sold | $520,000-5.3%$474/sqft |
Source:  NGLRMLS #1927142 Report a problem | ||
| 5/15/2025 | Pending sale | $549,000$500/sqft |
Source: NGLRMLS #1929431 Report a problem | ||
| 12/3/2024 | Listed for sale | $549,000-0.2%$500/sqft |
Source: NGLRMLS #1929431 Report a problem | ||
| 12/1/2024 | Listing removed | $550,000$501/sqft |
Source: NGLRMLS #1927142 Report a problem | ||
| 9/14/2024 | Listed for sale | $550,000$501/sqft |
Source: NGLRMLS #1927142 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,930 +4.9% | $276,500 +3.9% |
| 2024 | $11,371 +4.5% | $266,000 -2.6% |
| 2023 | $10,877 +194.7% | $273,000 +13% |
| 2022 | $3,691 | $241,600 +135.5% |
| 2021 | -- | $102,600 |
Find assessor info on the county website
Neighborhood: 49684
Nearby homes
- $650,0002 bd2 ba1.2k sqft1388 Gray Dr UNIT 5, Traverse City, MI 49684Sold
- $437,5001 bd1 ba753 sqft1388-7 Gray Dr, Traverse City, MI 49684Sold
- $699,500-- bd-- ba-- sqft1388 Gray Dr #1, Traverse City, MI 49684Off Market
- $691,900-- bd-- ba-- sqft1388 Gray Dr UNIT 2, Traverse City, MI 49684Off Market
- $505,800-- bd-- ba-- sqft1388 Gray Dr UNIT 4, Traverse City, MI 49684Off Market
- $669,500-- bd-- ba-- sqft1388 Gray Dr UNIT 6, Traverse City, MI 49684Off Market
- $426,6001 bd1 ba753 sqft1388 Gray Dr #7, Traverse City, MI 49684Off Market
- $512,100-- bd-- ba-- sqft1388 Gray Dr UNIT 9, Traverse City, MI 49684Off Market
Nearby schools
GreatSchools rating
- 7/10Willow Hill Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 8/10West Middle SchoolGrades: 6-8Distance: 0.9 mi
- 8/10West Senior HighGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- District: Traverse City Area Public Schools
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$538,800
2% more
+$10,776
With Zillow Showcase(estimated)
$549,576
- Michigan
- Grand Traverse County
- Traverse City
- 49684
- 1388 Gray Dr Unit 10
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Traverse City Topics
