The Old Mission Inn, a stunning historic Victorian Inn on the renowned Old Mission Peninsula in Traverse City, blending old-world charm with modern comfort.---- Whether you are looking for the premiere custom home on the Old Mission Peninsula, or a successful, business, this is the place!---This beautifully restored property boasts 13 unique rooms and 11 baths, a large covered porch, multiple elegant dining spaces, and a spacious commercial kitchen.----- With breathtaking Lake Michigan views, it sits in the heart of the wine region, offering guests an unforgettable experience.------- Included in the sale is the Mission Bay Café, a well-loved spot for guests to enjoy food and drinks, primed to become a top destination for locals and visitors alike.--------- This property works great for a historic home/family retreat, a successful B & B, a possible wedding venue or event center, high end or casual dining/bar opportunity or just continue operating the Inn.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$25K
Per Month
Principal & Interest
$24.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$15K
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Old Mission Peninsula School
2699 Island View Rd
Distance between this listing and this school6.08 miles
Public Charter Grades KG-6
7
/10
Lakeland Elementary School
616 Buckley St
Distance between this listing and this school6.35 miles
Public District Grades PK-5
4
/10
Suttons Bay Elementary School
310 S Elm St
Distance between this listing and this school8.07 miles
Public District Grades KG-5
Nearby Schools
7
/10
Cherryland Middle School
707 E 3rd St
Distance between this listing and this school6.52 miles
Public District Grades 6-8
9
/10
Tcaps Montessori School
1009 S Oak St
Distance between this listing and this school15.26 miles
Public District Grades PK-7
7
/10
Traverse City West Middle School
3950 Silver Lake Rd
Distance between this listing and this school16.93 miles
Public District Grades 6-8
Nearby Schools
3
/10
Sunrise Academy
97 Lake St
Distance between this listing and this school5.71 miles
Public District Grades 9-12
9
/10
Elk Rapids High School
308 Meguzee Pt
Distance between this listing and this school6.58 miles
Public District Grades 9-12
3
/10
Suttons Bay Virtual School
310 S Elm St
Distance between this listing and this school8.07 miles
The neighbors living near this home have an average income of $54,911. Typical income of Traverse City, MI residents is between $35k-100k annually. The majority of families are 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 18599 Mission Rd
What is the listing price of this property?
The listing price of 18599 Mission Rd property is $5,000,000.
What type of property is this?
The property 18599 Mission Rd is a house located in Traverse City, Michigan, 49686.
Is this property for sale now?
Active Listing: 18599 Mission 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 $5,971 (source: MLS/based on county public records data).
What is the square footage of this property?
The property 18599 Mission Rd is 5,644 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 18599 Mission Rd is 1865.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 18599 Mission Rd in Traverse City, MI and zip code 49686. This 5,644 square foot home, which was built in 1865, sits on a 10.86 acre lot. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $5,000,000.
In October 2024, from all listings sold in Traverse City, MI there were more than 19 sold above asking price, over 41 sold below and more than 23 were sold right at the asked price. The inventory of homes for sale in Traverse City, MI between September 2024 and October 2024 increased by 5.3%. The median list price of listings available in October 2024 was $446,781, while the average time on the real estate market was 73 days.
From Rocket Homes Real Estate and based on county public records data.
Hunting
Hunting
NASCAR
Figure Skating
Dillards
Dick's Sporting Goods
Dollar General
Cracker Barrel
Texas Roadhouse
Hardee's
Cadillac
Subaru
Oldsmobile
News/Talk/Information
New Country
Oldies