Unlock the potential of this cozy 960 sq ft ranch at 547 Terrace Drive! Situated in a quiet neighborhood near downtown Traverse City, East Bay, the TART Trail, and the Civic Center, this home offers endless opportunities for renovation and personalization. The functional layout includes three bedrooms, one bathroom, and a cozy kitchen with a charming breakfast nook. Original hardwood floors lie beneath the carpet, waiting to be uncovered and restored. A spacious screened porch provides the perfect setting for relaxation or entertaining. Set on a generous 0.356-acre lot with alley access and a storage shed, this property combines convenience and potential in a prime location. Recent updates include a new roof (2020 & 2024), majority of the windows (2024), bathtub and stall replacement (2024) and a covered porch (2020).
Sold for $309,000
$309,000
547 Terrace Dr, Traverse City, MI 49686
3beds
960sqft
Single Family Residence
Built in 1955
0.35 Acres Lot
$324,600 Zestimate®
$322/sqft
$2,229 Estimated rent
Home value
$324,600
$289,000 - $364,000
$2,229/mo
Zestimate® history
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List your homeWhat's special
Alley accessSpacious screened porchCharming breakfast nookCozy kitchenFunctional layoutOriginal hardwood floors
Zillow last checked:
Listing updated:
Listed by:
Kyle O'Grady 231-499-9999,
REMAX Bayshore - Union St TC 231-941-4500
Bought with:
Lexa Ferrill, 6501431255
REO-TCRandolph-233022
Source: NGLRMLS,MLS#: 1929731
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Dimensions: 14.17 x 11.58
Bedroom 2
- Level: Main
- Dimensions: 10.25 x 84
Bedroom 3
- Level: Main
- Dimensions: 11 x 11.58
Primary bathroom
- Features: Shared
Kitchen
- Level: Main
- Dimensions: 14.25 x 11.58
Living room
- Level: Main
- Dimensions: 17.83 x 17
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Oven/Range, Exhaust Fan, Gas Water Heater
- Laundry: Main Level
Features
- Breakfast Nook, Ceiling Fan(s), Cable TV, High Speed Internet, WiFi
- Flooring: Carpet, Laminate
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 960
- Total interior livable area: 960 sqft
- Finished area above ground: 960
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Attached, Garage Door Opener, Alley Access, Paved, Other, Concrete Floors, Concrete
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Covered Entrance
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch, Screened
- Exterior features: Rain Gutters
- Waterfront features: None
Lot
- Size: 0.35 Acres
- Dimensions: 100 x 155
- Features: Level, Subdivided
Details
- Additional structures: Shed(s)
- Parcel number: 5153403500
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame, Vinyl Siding
- Roof: Asphalt
Condition
- Fixer
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: None
Location
- Region: Traverse City
- Subdivision: Cromwell Terrace
HOA & financial
HOA
- Services included: None
Other
Other facts
- Listing agreement: Exclusive Right Sell
- Price range: $309K - $309K
- Listing terms: Conventional,Cash,FHA,VA Loan
- Ownership type: Private Owner
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 1/3/2025 | Sold | $309,000+0.3%$322/sqft |
Source:  NGLRMLS #1929731 Report a problem | ||
| 12/19/2024 | Listed for sale | $308,000+158.8%$321/sqft |
Source: NGLRMLS #1929731 Report a problem | ||
| 6/20/2000 | Sold | $119,000$124/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,946 +6.7% | $156,400 +7% |
| 2024 | $4,636 +4.8% | $146,200 +26.3% |
| 2023 | $4,423 +5.6% | $115,800 +2.8% |
| 2022 | $4,188 +0.9% | $112,600 +7.1% |
| 2021 | $4,150 +0.8% | $105,100 +1.4% |
| 2020 | $4,116 | $103,700 +16.1% |
| 2019 | $4,116 +2.2% | $89,300 +6.6% |
| 2018 | $4,027 | $83,800 -3.8% |
| 2017 | -- | $87,100 +14.8% |
| 2016 | -- | $75,900 +7.1% |
| 2014 | -- | $70,900 +5.7% |
| 2012 | -- | $67,100 -6.2% |
| 2011 | -- | $71,500 -4.4% |
| 2010 | -- | $74,800 +6.7% |
| 2009 | -- | $70,100 -6.6% |
| 2008 | -- | $75,060 +3.6% |
| 2007 | -- | $72,470 +10.6% |
| 2005 | -- | $65,530 +0.9% |
| 2004 | -- | $64,960 +3.4% |
| 2003 | -- | $62,850 +3.8% |
| 2002 | -- | $60,560 +18.9% |
| 2001 | -- | $50,930 +19.2% |
| 2000 | -- | $42,740 |
Find assessor info on the county website
Neighborhood: 49686
Nearby schools
GreatSchools rating
- 5/10Traverse Heights Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 7/10Central High SchoolGrades: 8-12Distance: 0.8 mi
- 7/10East Middle SchoolGrades: 6-8Distance: 3.5 mi
Schools provided by the listing agent
- Elementary: Traverse Heights Elementary School
- Middle: Traverse City East Middle School
- High: Central High School
- 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.
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- Michigan
- Grand Traverse County
- Traverse City
- 49686
- 547 Terrace Dr
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