10 days on rocket

1080 Oak Terrace Dr, Traverse City, MI, 49686

$324,900

Home List Price

$3,858*

Closing Credit

3 Bedrooms
2 Full Baths
1,340 SqFt
$242/SqFt
House

Location

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1080 Oak Terrace Dr, Traverse City$324,900

Buyer Closing Credits

$3,858*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGravel, None
Year Built1950
HeatingForced Air
WaterfrontNone
FireplaceNone
MLS #1929362
Lot Size0.27 Acres
StatusActive

About 1080 Oak Terrace Dr

Charming Home with Main Floor Living in a Prime Location! This delightful 3-bedroom, 2-bathroom home offers the perfect blend of comfort and convenience. The spacious kitchen features elegant granite countertops and flows seamlessly into the generously sized dining room, complete with beamed ceilings. Towards the back of the home is the custom built-in library for your favorite book lovers. Situated on a .25-acre lot, the property boasts a partially fenced backyard and a concrete patio, ideal for outdoor entertaining. Located within walking distance of shopping and dining, this home also comes with several impressive updates: roof replaced in 2022, well replaced in 2021, and a new furnace in 2018. Freshly painted interiors and ready for a new owner. Don’t miss the chance to make this updated and inviting home yours—schedule a showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch, 1 Story
  • Year Built: 1950
  • Living Area: 1,340 SqFt

Listing Office:

  • Office Name: Keller Williams Northern Michi
  • Office Email: christinaroberts@kw.com
  • Listing Agent: Kimberly Kamrow

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Washer, Dryer, Security System, Gas Water Heater
  • Interior: Built-In Bookcase, Foyer Entrance, Granite Kitchen Tops, Formal Dining Room, Den/Study, Drywall
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Patio, Fenced Yard, Countryside View, Landscaped, Garden Area, Porch, Vinyl

Parking Information:

  • Attached Garage: No
  • Parking: Gravel, None

Lot Features

Lot Information:

  • Lot: Cleared, Level
  • Lot Size: 0.27 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: From the intersection of South Airport & Garfield travel 1/2 mile, turn right on Oak Terrace. Home is 4th on right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $324,900
  • Price Per SqFt: $242/SqFt
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Housing Market Comparison

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

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Traverse City, MI

City

Med. Sold Price

$450K

Med. Price/SqFt

$258

Avg. Days On Market

84

# of Sold Homes

87

1080 Oak Terrace Dr vs Traverse City

10 DAYS ON ROCKET

-74 Days

$324,900

-$125.1K Less

$242/SqFt

-$16 Less

KEY TAKEAWAY

This property is $125.1K less than the Median Sold Price and $16/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: #1929362

Listing Office:

  • Office Name: Keller Williams Northern Michi
  • Office Email: christinaroberts@kw.com
  • Listing Agent: Kimberly Kamrow

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: 12/11/2024, 4:20:57 PM 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 - $59,200
2020 - $52,300
2019 - $45,500
2018 - $39,700
2017 - $46,500

History based on county public records data.

Payment Calculator

$1,689

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,041

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NMLS#3030

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-1713373
3
/10

  • Traverse Heights Elementary School

  • 933 Rose St

  • 1.36 miles

  • Public District Grades PK-5

school-card-donut-1713374
4
/10

  • Cherry Knoll Elementary School

  • 1800 3 Mile Rd N

  • 2.41 miles

  • Public District Grades PK-5

school-card-donut-1713375
7
/10

  • Central Grade Elementary School

  • 301 7th St

  • 2.51 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,167. Residents of Traverse City, MI typically earn less than $35k each year. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1080 Oak Terrace Dr

What is the listing price of this property?

The listing price of 1080 Oak Terrace Dr property is $324,900.

What type of property is this?

The property 1080 Oak Terrace Dr is a house located in Traverse City, Michigan, 49686.

Is this property for sale now?

Active Listing: 1080 Oak Terrace Dr is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 1080 Oak Terrace Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1080 Oak Terrace Dr is 1,340 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1080 Oak Terrace Dr is 1950.

Rocket Homes›Michigan›Grand Traverse County›Traverse City›49686›1080 Oak Terrace Dr

This home is located at 1080 Oak Terrace Dr in Traverse City, MI and zip code 49686. This 1,340 square foot home, which was built in 1950, sits on a 0.27 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 01, 2024 and is currently priced at $324,900.

Over 8 listings were sold over their listed price in November 2024 in Traverse City, MI. In the same period over 54 listings were sold below the listed price and 20 listings were sold for the listed price. The inventory of homes for sale in Traverse City, MI between October 2024 and November 2024 decreased by 8.3%. In November 2024, listings were on the market for 84 days. During the same period, the median list price in this real estate market was $450,000.

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

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