Own a historical part of Old Mission without the high cost of home ownership! Beautiful location on Old Mission Peninsula in Traverse City and right down the road from Haserot Beach, this property has a small cottage that was built in the late 1800's with the traditional ship lap siding and stone steps. A conservation easement on the property insures the natural integrity of the wooded lot and the building. While overnight use is not allowed, the cottage is in an ideal location for day use as a writer's studio, man cave, craft building or even as storage for all your extra gear. The building has electricity and an outside pump and a driveway for small watercraft or snow mobile. A small deck off the back is ideal for watching the local deer and turkey families and admiring the spring wildflowers and fall colors. A quick drive to Mission Point Park, Old Mission Lighthouse, Old Mission General Store and easy walking to numerous hiking or cross country ski trails.
Property Details
Property Features
Listing Office:
Office Name: Coldwell Banker Schmidt-402
Office Phone: (231) 922-2350
Listing Agent: Mark D Hagan
Lot Features
Lot Information:
Lot: Wooded
Lot Size: 0.28 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $59,500
Tax Information:
Annual Amount: $890
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Traverse City, MI.
This property is $390.5K less than the Median Sold Price in Traverse City, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Aspire North REALTORS
MLS Number: #78080046146
Listing Office:
Office Name: Coldwell Banker Schmidt-402
Office Phone: (231) 922-2350
Listing Agent: Mark D Hagan
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$364
Per Month
Principal & Interest
$297
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
$245
Powered By
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
Lakeland Elementary School
616 Buckley St
Distance between this listing and this school6.47 miles
Public District Grades PK-5
7
/10
Old Mission Peninsula School
2699 Island View Rd
Distance between this listing and this school6.53 miles
Public Charter Grades KG-6
4
/10
Suttons Bay Elementary School
310 S Elm St
Distance between this listing and this school8.27 miles
Public District Grades KG-5
Nearby Schools
7
/10
Cherryland Middle School
707 E 3rd St
Distance between this listing and this school6.64 miles
Public District Grades 6-8
9
/10
Tcaps Montessori School
1009 S Oak St
Distance between this listing and this school15.73 miles
Public District Grades PK-7
7
/10
Traverse City West Middle School
3950 Silver Lake Rd
Distance between this listing and this school17.41 miles
Public District Grades 6-8
Nearby Schools
3
/10
Sunrise Academy
97 Lake St
Distance between this listing and this school5.85 miles
Public District Grades 9-12
9
/10
Elk Rapids High School
308 Meguzee Pt
Distance between this listing and this school6.71 miles
Public District Grades 9-12
3
/10
Suttons Bay Virtual School
310 S Elm St
Distance between this listing and this school8.27 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. Typical family type is married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 18961 Traverse St
What is the listing price of this property?
The listing price of 18961 Traverse St property is $59,500.
What type of property is this?
The property 18961 Traverse St is land located in Traverse City, Michigan, 49686.
Is this property for sale now?
Active Listing: 18961 Traverse 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 $890 (source: MLS/based on county public records data).
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 18961 Traverse St in Traverse City, MI and zip code 49686. This home sits on a 0.28 acre lot. It has been listed on Rocket Homes since May 22, 2024 and is currently priced at $59,500.
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.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
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