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1022 E State St, Traverse City, MI, 49686

$724,900

Home List Price

$8,608*

Closing Credit

5 Bedrooms
4 Full Baths, 1 Partial
2,831 SqFt
$256/SqFt
House

Location

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1022 E State St, Traverse City$724,900

Buyer Closing Credits

$8,608*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingConcrete, Private, Detached, Door Opener, Concrete Floors
Garage1 space
Year Built1950
HeatingForced Air
CoolingCentral Air
WaterfrontNone
FireplaceNone
MLS #1929159
Lot Size0.29 Acres
StatusActive
(New)

About 1022 E State St

In the heart of Traverse City, where charm meets modern living at 1022 E State Street. Nestled in a desirable downtown neighborhood, this stunning 5-bedroom, 4.5-bathroom home blends classic appeal with modern functionality, offering over 2,600 sq ft of versatile, light-filled space. The thoughtfully designed main level features bright, inviting spaces, including a Primary Suite, formal dining room, and a cozy sunroom—perfect for savoring your morning coffee or relaxing at the end of the day. The kitchen is designed with modern style and functionality, boasting sleek stainless-steel appliances, subway tile backsplash, and soft-close cabinetry—perfect for everything from gourmet meals to casual breakfasts. The separate entrance downstairs, leads to the fully finished basement adds incredible value with its own kitchen, private living area, separate entrance, two bedrooms, 2- full bathrooms, and addition dedicated laundryWhether used as a guest suite, in-law apartment, or rental property, the possibilities are endless.Step into your private outdoor retreat, where a spacious backyard surrounded by mature trees offers the perfect setting for entertaining, gardening, or simply unwinding. The large deck is ideal for hosting barbecues or enjoying quiet evenings under the stars. And don’t forget, this home has the rare benefit of downtown living with no alley behind you! Living on State Street means being part of the vibrant downtown Traverse City community. Just minutes from home, enjoy Grand Traverse Bay’s stunning shores, waterfront dining, and the charm of Front Street’s boutiques and cafes.This location offers easy access to world-class wineries, craft breweries, and a thriving arts scene, making it a gateway to all Traverse City has to offer. Don’t miss this rare opportunity to own a spacious, updated home with incredible versatility in one of Traverse City’s most desirable downtown locations. Schedule your private showing today.

Property Details

Property Features

Property Information:

  • Architectural Style: 2 Story, Bungalow, In-Law Suite or Apartment
  • Year Built: 1950
  • Living Area: 2,831 SqFt

Listing Office:

  • Office Name: The Mitten Real Estate Group
  • Office Phone: (231) 624-8860
  • Listing Agent: Ryan Craig

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Exhaust Fan, Ceiling Fan(s), Gas Water Heater
  • Interior: Foyer Entrance, Walk-In Closet(s), Pantry, Solarium/Sun Room, Solid Surface Counters, Formal Dining Room
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Deck, Sidewalk, Covered Porch, Landscaped, Garden Area, Porch, Vinyl

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Concrete, Private, Detached, Door Opener, Concrete Floors

Lot Features

Lot Information:

  • Lot: Cleared, Wooded, Level, Rolling/Hilly
  • Lot Size: 0.29 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From downtown traverse city, turn left onto e state st, in 1 mile the desination is on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $724,900
  • Price Per SqFt: $256/SqFt

Tax Information:

  • Annual Amount: $7,955
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Traverse City, MI.

Med. Sold Price

$446.7K

Med. Price/SqFt

$255

Avg. Days On Market

73

# of Sold Homes

88

1022 E State St vs Traverse City

1 DAY ON ROCKET

-72 Days

$724,900

+$278.1K More

$256/SqFt

-$0 Less

KEY TAKEAWAY

This property is $278.1K more than the Median Sold Price and $0/SqFt less than other homes in Traverse City, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: TAAR
  • MLS Number: #1929159

Listing Office:

  • Office Name: The Mitten Real Estate Group
  • Office Phone: (231) 624-8860
  • Listing Agent: Ryan Craig

Copyright © 2024 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 8:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$7,955$159,200
2020$7,888$156,900
2019 - $154,300
2018 - $144,900
2017 - $135,600

History based on county public records data.

Payment Calculator

$3,685

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,240

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-224872
4
/10
  • Eastern Elementary School

  • 1600 Eastern Ave

  • 0.73 miles

  • Public District Grades PK-5

school-card-donut-224873
3
/10
  • Traverse Heights Elementary School

  • 933 Rose St

  • 0.90 miles

  • Public District Grades PK-5

school-card-donut-224874
7
/10
  • Central Grade Elementary School

  • 301 7th St

  • 1.46 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,795. The majority of Traverse City, MI residents have income less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1022 E State St

What is the listing price of this property?

The listing price of 1022 E State St property is $724,900.

What type of property is this?

The property 1022 E State St is a house located in Traverse City, Michigan, 49686.

Is this property for sale now?

Active Listing: 1022 E State St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $7,955 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1022 E State St has 5 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 1022 E State St is 2,831 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1022 E State St is 1950.

Rocket HomesMichiganGrand Traverse CountyTraverse City496861022 E State St

This home is located at 1022 E State St in Traverse City, MI and zip code 49686. This 2,831 square foot home, which was built in 1950, sits on a 0.29 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $724,900.

While more than 19 listings in Traverse City, MI in October 2024 were sold above asking price, there were more than 23 listings sold at asking price, and more than 41 were sold below. The number of homes for sale in Traverse City, MI increased by 5.3% between September 2024 and October 2024. Listings spent 73 days on the market in October 2024, and had a median list price of $446,781 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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