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1378 Gray Rd, Traverse City, MI, 49686

$1,950,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
1 Full Bath
3,035 SqFt
$643/SqFt
House

Location

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1378 Gray Rd, Traverse City$1,950,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOther, Detached
Garage3 spaces
Year Built1900
HeatingForced Air
FireplaceFireplace(s), Wood
MLS #1929051
Lot Size80.00 Acres
StatusActive
(Active U/C Taking Backups)

About 1378 Gray Rd

Situated on Old Mission Peninsula with sweeping views of Old Mission's pastoral beauty, this once in a lifetime property and opportunity offers 80 pristine acres of protected farmland under Peninsula Township’s PDR program, ensuring it remains undeveloped. Originally built in 1900, this totally renovated farmhouse pairs historic charm with modern convenience, while the massive red barn, 4-car detached garage with a foreman’s office, and multiple utility buildings provide plenty of functional space. Additional features include a pole building for storage, equipment sheds, a cold storage facility, and a fruit/food cellar. Perfect for those seeking a blend of space, privacy, and farming potential. Within close proximity to the best wineries, restaurants, parks, and beaches that Old Mission Peninsula has to offer- located just minutes from downtown Traverse City!

Property Details

Property Features

Property Information:

  • Architectural Style: 2 Story, Farm House
  • Year Built: 1900
  • Living Area: 3,035 SqFt

Listing Office:

  • Office Name: REMAX Bayshore - W Bay Shore Dr TC
  • Office Phone: (231) 941-4500
  • Listing Agent: Robert Brick

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Washer, Dryer
  • Interior: Pantry, Solarium/Sun Room, Other
  • Fireplace: Fireplace(s), Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Bay View, Deck, Countryside View, Other, Covered Porch, Porch, Vinyl

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: Other, Detached

Lot Features

Lot Information:

  • Lot: Farm, Cleared, Level, Rolling/Hilly
  • Lot Size: 80.00 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Take Center Rd/M-37 approximately 8 miles until you reach Gray Rd. Continue on Gray Rd for about 0.7 miles until you reach the property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,950,000
  • Price Per SqFt: $643/SqFt

Tax Information:

  • Annual Amount: $6,422
  • Tax Year: 2021
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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

1378 Gray Rd vs Traverse City

33 DAYS ON ROCKET

-51 Days

$1,950,000

+$1.5M More

$643/SqFt

+$385 More

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $385/SqFt more 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: #1929051

Listing Office:

  • Office Name: REMAX Bayshore - W Bay Shore Dr TC
  • Office Phone: (231) 941-4500
  • Listing Agent: Robert Brick

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: 12/18/2024, 4:20:55 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$6,422$740,900
2020$6,456$739,000
2019 - $706,500
2018 - $655,000
2017 - $652,400

History based on county public records data.

Payment Calculator

$9,800

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,913

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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-4374134
7
/10

  • Old Mission Peninsula School

  • 2699 Island View Rd

  • 2.87 miles

  • Public Charter Grades KG-6

school-card-donut-4374135
4
/10

  • Eastern Elementary School

  • 1600 Eastern Ave

  • 5.04 miles

  • Public District Grades PK-5

school-card-donut-4374136
3
/10

  • Traverse Heights Elementary School

  • 933 Rose St

  • 6.52 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 $84,036. Typical income of Traverse City, MI residents is between $35k-100k annually. Most families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1378 Gray Rd

What is the listing price of this property?

The listing price of 1378 Gray Rd property is $1,950,000.

What type of property is this?

The property 1378 Gray Rd is a house located in Traverse City, Michigan, 49686.

Is this property for sale now?

Active Listing: 1378 Gray Rd 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 $6,422 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1378 Gray Rd has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1378 Gray Rd is 3,035 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1378 Gray Rd is 1900.

Rocket Homes›Michigan›Grand Traverse County›Traverse City›49686›1378 Gray Rd

This home is located at 1378 Gray Rd in Traverse City, MI and zip code 49686. This 3,035 square foot home, which was built in 1900, sits on a 80.00 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $1,950,000.

While more than 8 listings in Traverse City, MI in November 2024 were sold above asking price, there were more than 20 listings sold at asking price, and more than 54 were sold below. In November 2024 in Traverse City, MI there were 8.3% less homes for sale than in October 2024. In November 2024 median list price was $450,000 and the average listing age was 84 days.

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

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