This corner lot offers a great opportunity for development and is currently zoned R-3. While the property still needs some site work, it already has city water and natural gas available, an existing slab on site, and a septic system that has not been used in approximately five years. The property is being offered on a land contract with a $5,000 down payment, 10.5% interest, and monthly payments of $768 for a 30-year term, making it an attractive option for buyers seeking flexible seller financing.
Lot/land
$89,000
1603 Woodward Ave, Traverse City, MI 49686
--beds
0baths
0.41Acres
Unimproved Land
Built in ----
0.41 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Existing slab on siteCorner lot
- 141 days |
- 59 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Laura Corpe 989-387-8067,
KW Northern Michigan Team Partners 989-745-8992
Source: WWMLS,MLS#: 201838914
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Frontage type: None
Lot
- Size: 0.41 Acres
- Dimensions: 120 x 200 x 203
Details
- Parcel number: 0512506100
- Wooded area: 10
Utilities & green energy
- Sewer: Septic Installed
Community & HOA
Community
- Subdivision: Gladewood Place
Location
- Region: Traverse City
Financial & listing details
- Tax assessed value: $78,000
- Annual tax amount: $1,300
- Date on market: 3/5/2026
- Listing terms: Cash,Land Contract
- Ownership type: LLC
- Road surface type: Maintained, Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,874/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2026 | Listed for sale | $89,000 |
Source:  WWMLS #201838914 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,300 +4.2% | $39,000 +21.1% |
| 2024 | $1,248 -29.7% | $32,200 +14.6% |
| 2023 | $1,776 +9.2% | $28,100 -10.8% |
| 2022 | $1,626 -15.6% | $31,500 -10.3% |
| 2021 | $1,927 | $35,100 +11.4% |
| 2020 | -- | $31,500 +17.1% |
| 2019 | -- | $26,900 +14.5% |
| 2018 | -- | $23,500 -11.7% |
| 2017 | -- | $26,600 +15.2% |
| 2016 | -- | $23,100 +14.9% |
| 2014 | -- | $20,100 +7.8% |
| 2012 | -- | $18,650 -16.7% |
| 2011 | -- | $22,400 -5.9% |
| 2010 | -- | $23,800 -11.2% |
| 2009 | -- | $26,800 -20.8% |
| 2008 | -- | $33,820 +5.9% |
| 2007 | -- | $31,930 +30.2% |
| 2005 | -- | $24,530 +14.3% |
| 2004 | -- | $21,460 +7.3% |
| 2003 | -- | $20,000 +3.1% |
| 2002 | -- | $19,390 +14.9% |
| 2001 | -- | $16,880 +4.1% |
| 2000 | -- | $16,210 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 49686
Nearby schools
GreatSchools rating
- 5/10Traverse Heights Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 7/10Central High SchoolGrades: 8-12Distance: 2 mi
- 7/10East Middle SchoolGrades: 6-8Distance: 3.1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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