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16981 Peninsula Dr, Traverse City, MI, 49686

$849,900

Home List Price

$10,000*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,950 SqFt
$436/SqFt
House

Location

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16981 Peninsula Dr, Traverse City$849,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingConcrete, Circular, Attached, Door Opener, Concrete Floors
Attached Garage2 spaces
Year Built1948
HeatingForced Air
WaterfrontWaterfront
FireplaceFireplace(s), Wood, Heatilator Style
MLS #1928496
Lot Size1.34 Acres
StatusActive

About 16981 Peninsula Dr

Perched on top of Old Mission Peninsula and tucked between beautiful vineyards and sweet cherry trees, you will find one of the most stunning land, bay and sunset views Traverse City has to offer. This "retro-charm" ranch offers the perfect location; central to local amenities like the library, award winning restaurants, churches, parks, beaches and an extensive trails system to explore and enjoy. Imagine sitting amongst mature maple, walnut and spruce trees, enjoying a park like setting in your own backyard, listening to birdsong and watching eagles fish in the distance. Be at peace knowing that the land around you is protected from development and will likely remain virtually unchanged. Grapes, blackberries and 5 different varieties of fruit trees will hone your gardening skills and fill your freezer. Carefully chosen perennials will provide you with fresh flowers from April to November. Warm hardwood floors greet you as you enter this 3 bedroom ranch and take in the panoramic view from the front door. The large living room can double as a gathering space for family and friends and a huge dining room for Holiday celebrations. The family room offers a wood burning fireplace that will warm all the hearts and toes in the house and the all around best view of the Bay. The large kitchen that opens to the dining area and deck is perfect for summer entertaining or just a simple morning cup of coffee. The main floor laundry and mudroom off the attached two car garage offers convenience and quick clean up. Plenty of storage and room for hobbies is available in the full basement. Talk with your agent for a list of updates that you may not see with your eyes, but will keep your wallet healthy for many years.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch, 1 Story
  • Year Built: 1948
  • Living Area: 1,950 SqFt

Listing Office:

  • Office Name: REO-TCRandolph-233022
  • Office Phone: (231) 946-4040
  • Listing Agent: Ann Porter

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Electric Water Heater
  • Interior: Mud Room, Formal Dining Room, Den/Study, Game Room
  • Fireplace: Fireplace(s), Wood, Heatilator Style

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • Exterior: Bay View, Cement Board

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Concrete, Circular, Attached, Door Opener, Concrete Floors

Lot Features

Lot Information:

  • Lot: Rolling/Hilly
  • Lot Size: 1.34 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Home is on the SW corner of Center Rd and Eimen Rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $849,900
  • Price Per SqFt: $436/SqFt

Tax Information:

  • Annual Amount: $1,945
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$450K

Med. Price/SqFt

$258

Avg. Days On Market

84

# of Sold Homes

87

16981 Peninsula Dr vs Traverse City

39 DAYS ON ROCKET

-45 Days

$849,900

+$399.9K More

$436/SqFt

+$178 More

KEY TAKEAWAY

This property is $399.9K more than the Median Sold Price and $178/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: #1928496

Listing Office:

  • Office Name: REO-TCRandolph-233022
  • Office Phone: (231) 946-4040
  • Listing Agent: Ann Porter

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: 12/3/2024, 1:20:52 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$1,945$123,500
2020$1,955$115,200
2019 - $111,900
2018 - $108,400
2017 - $104,300

History based on county public records data.

Payment Calculator

$4,309

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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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-3503657
7
/10
  • Old Mission Peninsula School

  • 2699 Island View Rd

  • 4.27 miles

  • Public Charter Grades KG-6

school-card-donut-3503658
7
/10
  • Lakeland Elementary School

  • 616 Buckley St

  • 6.47 miles

  • Public District Grades PK-5

school-card-donut-3503659
4
/10
  • Suttons Bay Elementary School

  • 310 S Elm St

  • 7.25 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,911. Residents of Traverse City, MI typically earn between $35k-100k each year. The most common type of family is married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 16981 Peninsula Dr

What is the listing price of this property?

The listing price of 16981 Peninsula Dr property is $849,900.

What type of property is this?

The property 16981 Peninsula Dr is a house located in Traverse City, Michigan, 49686.

Is this property for sale now?

Active Listing: 16981 Peninsula Dr 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 $1,945 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 16981 Peninsula Dr has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 16981 Peninsula Dr is 1,950 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 16981 Peninsula Dr is 1948.

Rocket Homes›Michigan›Grand Traverse County›Traverse City›49686›16981 Peninsula Dr

This home is located at 16981 Peninsula Dr in Traverse City, MI and zip code 49686. This 1,950 square foot home, which was built in 1948, sits on a 1.34 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $849,900.

In November 2024 more than 8 listings in Traverse City, MI were sold above the asking price. During the same period more than 20 listings were sold at asking price, while 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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