Sold for $325,000

$325,000

224 E State St #314, Traverse City, MI 49684

1beds

600sqft

Condominium, Single Family Residence, Apartment

Built in 2021

-- sqft lot

$314,400 Zestimate^®

$542/sqft

$1,607 Estimated rent

Home value

$314,400

$292,000 - $336,000

$1,607/mo

Zestimate^® history

Owner options

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$1,607/mo

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$1,607/mo

Rent Zestimate^®

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$4,842/mo

Est. payment

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$4,842/mo

Est. payment

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What's special

Superb spacePrivate laundrySmart tvs

Exceptional, modern and luxurious "airbnb" condo for sale in the thumping heart of Downtown Traverse City! Perched on the 3rd floor close to the waters edge, this contemporary 1 bed/1 bath unit is an easy walk to all TC has to offer; restaurants, bars, beaches, festivals, and more! This superb space is being offered fully furnished with an excellent rental history. Including; King bed and a fold-out sofa (sleeps four total). All stainless appliances in a well stocked, beautifully appointed kitchen. Plus, a private laundry and smart TVs in the bedroom and living area. Recently built (in 2021) by the prestigious Socks Construction company, this sweet little condo unit provides the perfect space to enjoy Traverse City living while you're in town, and, a very nice income while you're away.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
3/4 bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 1

Primary bedroom

Level: Main
Area: 144
Dimensions: 12 x 12

Primary bathroom

Features: Shared

Kitchen

Level: Main
Width: 20

Living room

Level: Main
Length: 17

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer
Laundry: Main Level

Features

Other, Solid Surface Counters, Cable TV, High Speed Internet
Flooring: Vinyl
Windows: Low Emissivity Windows
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 600
Total interior livable area: 600 sqft
Finished area above ground: 600
Finished area below ground: 0

Property

Parking

Parking features: None, Alley Access

Accessibility

Accessibility features: Covered Entrance, None

Features

Entry location: Stairway (Indoor),Third Floor Lvl or Higher
Exterior features: Balcony, Sidewalk, Other
Has view: Yes
View description: Bay, Bay View
Has water view: Yes
Water view: Bay

Lot

Features: Level, Other, Landscaped

Details

Additional structures: None
Parcel number: 285184403414
Zoning description: Commercial,Other,Rental History

Construction

Type & style

Home type: Condo
Architectural style: Other,Contemporary,Apartment
Property subtype: Condominium, Single Family Residence, Apartment
Attached to another structure: Yes

Materials

Other, Steel Siding, Brick
Foundation: Poured Concrete
Roof: Membrane

Condition

New construction: No
Year built: 2021

Utilities & green energy

Sewer: Public Sewer
Water: Public

Green energy

Energy efficient items: Windows, Other

Community & neighborhood

Community

Community features: Pets Allowed, Common Area

Location

Region: Traverse City
Subdivision: Modern State II

HOA & financial

HOA

HOA fee: $2,892 annually
Services included: Trash, Snow Removal, Maintenance Grounds, Maintenance Structure

Other

Other facts

Listing agreement: Exclusive Right Sell
Price range: $325K - $325K
Listing terms: Conventional,Cash
Ownership type: Private Owner
Road surface type: Asphalt

Price history

Date	Event	Price
4/15/2024	Pending sale	$370,000+13.8%$617/sqft
Source: NGLRMLS #1913977 Report a problem
4/3/2024	Sold	$325,000-12.2%$542/sqft
Source: NGLRMLS #1913977 Report a problem
12/28/2023	Listed for sale	$370,000$617/sqft
Source: NGLRMLS #1913977 Report a problem
12/1/2023	Contingent	$370,000$617/sqft
Source: NGLRMLS #1913977 Report a problem
10/27/2023	Price change	$370,000-5.1%$617/sqft
Source: NGLRMLS #1913977 Report a problem
9/7/2023	Listed for sale	$390,000$650/sqft
Source: NGLRMLS #1913977 Report a problem
8/31/2023	Contingent	$390,000$650/sqft
Source: NGLRMLS #1913977 Report a problem
8/1/2023	Listed for sale	$390,000+56.1%$650/sqft
Source: NGLRMLS #1913977 Report a problem
3/3/2021	Sold	$249,900$417/sqft
Source: NGLRMLS #1884621 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,903 +6.6%	$160,300 +3.8%
2024	$7,411 +4.8%	$154,400 +6.3%
2023	$7,071 +146.1%	$145,300 +15.9%
2022	$2,874 +114.4%	$125,400 +51.6%
2021	$1,340	$82,700 +251.9%
2020	--	$23,500