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Sold for $400,000
    • $400,000

    3111 Cresthill Ln, Traverse City, MI 49686

    4beds
    2baths
    1,792sqft
    Multi Family
    Built in 1989
    -- sqft lot
    $400,500 Zestimate®
    $223/sqft
    $2,197 Estimated rent

    Home value

    $400,500

    $360,000 - $445,000

    $2,197/mo

    Zestimate® history
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    What's special

    Fully encapsulated crawlspace
    This is a your opportunity to invest in an excellent income property with strong rental history. Conveniently located off of Five Mile Road in East Bay Township. This home has been well-maintained and recently updated with new windows, doors, kitchen flooring, cabinets, and flooring. Each unit has it's own laundry hookup. Fully encapsulated crawlspace. There is presently a 2-stall garage but property allows for an additional 1400 sq foot garage to be built. Property includes 2 septic systems which have been regularly pumped.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sally Roeser Cell:231-499-5075,

    Key Realty One-TC 231-559-0351

    Bought with:

    Shelby Newhouse-Taplin, 6501450303

    Wentworth Real Estate Group

    Source: NGLRMLS,MLS#: 1944827MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Baseboard, Wall Furnace, Natural Gas
    Cooling
    • Electric
    Appliances
    • Included: Refrigerator, Oven/Range, Dishwasher, Washer, Dryer
    Features
    • Other, Cable TV, High Speed Internet
    • Basement: Crawl Space
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 1,792
    • Total interior livable area: 1,792 sqft

    Property

    Parking
    • Parking features: Two Car, Over 1 Space per Unit, Detached
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Porch
    • Exterior features: Other
    • Waterfront features: None
    Lot
    • Size: 1.08 Acres
    • Dimensions: 290 x 165
    Details
    • Additional structures: None
    • Parcel number: 0371600300
    • Zoning description: Residential,Multi-Family,Outbuildings Allowed,Rental History

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Frame, Vinyl Siding
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1989

    Utilities & green energy

    • Sewer: Private Sewer
    • Water: Private

    Community & HOA

    Community
    • Features: None
    • Subdivision: N/A
    Location
    • Region: Traverse City

    Financial & listing details

    • Price per square foot: $223/sqft
    • Tax assessed value: $140,485
    • Annual tax amount: $5,963
    • Price range: $400K - $400K
    • Date on market: 5/8/2026
    • Cumulative days on market: 21 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Conventional,Cash,1031 Exchange
    • Ownership type: Private Owner
    • Lease term: Other
    • Total actual rent: 2700

    Price history

    DateEventPrice
    5/29/2026Sold$400,000$223/sqft
    Source: NGLRMLS #1944827 Report a problem
    5/13/2026Pending sale$400,000$223/sqft
    Source: NGLRMLS #1944827 Report a problem
    5/8/2026Listed for sale$400,000$223/sqft
    Source: NGLRMLS #1944827 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,963 +5.7%$199,200 +14.9%
    2024$5,641 +5%$173,400 +17%
    2023$5,372 +3.5%$148,200 +19.4%
    2022$5,191 -0.2%$124,100 +6.5%
    2021$5,202 +134.2%$116,500 -0.4%
    2020$2,221 $117,000 -2.3%
    2019$2,221 -18%$119,700 +26.4%
    2018$2,709 $94,700 -5%
    2017-- $99,700 +1.7%
    2016-- $98,000 +5.7%
    2014-- $92,700 +6%
    2011-- $87,420 -3.3%
    2010-- $90,440 +1.9%
    2009-- $88,720 +4.6%
    2008-- $84,840 +6%
    2007-- $80,000 +37%
    2005-- $58,400 +1.6%
    2004-- $57,500 +4.4%
    2003-- $55,100 -14.8%
    2002-- $64,700 +20.3%
    2001-- $53,800 +4.1%
    2000-- $51,700
    Find assessor info on the county website

    Neighborhood: 49686

    Nearby homes

    Nearby schools

    GreatSchools rating
    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.

    Sell for more on Zillow
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    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
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    +$8,010
    With Zillow Showcase(estimated)
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