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$785,000   Price Analysis
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1028 E Eighth St
Traverse City, MI 49686
3 bed 5 bath 3,017 SqFt ($260/SqFt)
6,970SqFt lot. Built 1961
Listed 2024-04-23, HOA $13, Taxes $8,485
May be USDA loan restricted due to income limits
near Traverse City

Welcome to a one-of-a-kind property in the heart of Traverse City!

This modern 3-bedroom residence is a former commercial property that's been meticulously transformed into a contemporary urban oasis. Step inside to experience a bright and open floor plan with an industrial vib. The architectural details and stylish finishes make this property so unique. Each bedroom has its own private bathroom.

The basement offers so many possibilities with large rooms, a wet bar area, 2 bathrooms and access from both inside and outside. This can be your residence, a short-term rental investment with city approval or a combination of both. With C-2 zoning, this property offers incredible flexibility. Located in a rapidly growing part of Traverse City, you'll be within walking distance to local restaurants, grocery stores and other conveniences.


Presented by JANEL BROWN at
Real Estate One Traverse City Front Street.
Listing Agent Photo

Property MLS #1921463 from NGLRMLS

Bedrooms: 3
Bedroom 1 Dimensions: 12.0 x 12.1
Bedroom 2 Dimensions: 10.0 x 12.1
Bedroom 3 Dimensions: 10.1 x 11.1
Bedroom 1 Level: Main Floor
Bedroom 2 Level: Main Floor
Bedroom 3 Level: Main Floor
Bedroom 1 Features: Flooring: Vinyl
Bedroom 2 Features: Flooring: Vinyl
Bedroom 3 Features: Flooring: Vinyl

Total Bathrooms: 4
Full Bathrooms: 1
1/2 Bathrooms: 2
3/4 Bathrooms: 2
Bathrooms On Main Level: 3
Bathrooms On Lower Level: 2
Primary Bathroom Description: Private

Solid Surface Counters
Island Kitchen

Smoke Alarms(s)
Laundry Features: Level: Main Floor, Flooring: Vinyl

Heating Fuel: Natural Gas
Forced Air
Central Air

Dining Room Features: Flooring: Vinyl
Dining Room Level: Main Floor
Kitchen Features: Flooring: Vinyl
Kitchen Level: Main Floor

Living Room Dimensions: 17.0 x 20.1
Living Room Level: Main Floor
Living Room Features: Flooring: Vinyl

Sidewalk
Landscaped
Roads: Public Maintained

Level
Lot Description: Site Condo
Lot Size Acres: 0.16
Lot Size Dimensions: 68' x 100'
Lot Size Square Feet: 6970

Driveway: Alley Access

Association: Yes
Association Fee: 150
Association Fee Frequency: Annually
Association Fee Includes: Liability Insurance
Calculated Total Monthly Association Fees: 13

School District: Traverse City Area Public School

Traverse Heights Elementary School is a public elementary school located approximately 0.6 miles away.
directions icon Map directions

Central High School is a public middle and high school located approximately 0.7 miles away.
directions icon Map directions

Traverse Bay Mennonite School is a private elementary, middle and high school located approximately 0.7 miles away.
directions icon Map directions

Source Listing Status: Active
County: Grand Traverse
Directions: Heading south on Garfield, take a right on E 8th St. Property is on the left.
Source Property Type: Residential
List Development Name: The Vault
Source Neighborhood: The Vault
Township: Traverse City
Zoning: Residential, Commercial,
Property Subtype: Single Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$154,900
$8,485
2021$unknown + $unknown
$280,900
$13,639
2020$unknown + $unknown
$269,400
$13,490
2019$unknown + $unknown
$252,700
$13,377
2006$unknown + $unknown
$340,400
$11,503
2006$unknown + $unknown
$342,010
$11,503
2006$unknown + $unknown
$288,300
$11,503
2006$unknown + $unknown
$245,500
$11,503
2006$unknown + $unknown
$238,300
$11,503
2006$unknown + $unknown
$225,900
$11,503
2006$unknown + $unknown
$239,100
$11,503
2006$unknown + $unknown
$241,500
$11,503
2006$unknown + $unknown
$248,200
$11,503

Price Changed 2024-05-30
$785,000
NGLRMLS
Listed 2024-04-23
$795,000
NGLRMLS
Sold 2021-08-25
$699,000
Public Record

Total Square Feet Living: 3017
Year Built: 1961
Above Grade Finished Area: 1924
BelowGradeFinishedArea: 1093
Below Grade Unfinished Area: 435
Building Exterior Type: Brick
Construction Materials: Brick
Foundation Details: Full, Full Finished
Property Age: 63
Roof: Membrane
House Style: 1 Story
Year Remodeled: 2024

Sewer: Municipal
Television: Cable TV, Cable Internet
Water Source: Municipal
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.