Welcome to downtown Traverse City living at its finest! This charming 1,548 square foot condo offers two spacious bedrooms, a versatile flex room, and 1.5 bathrooms, ensuring modern comfort and convenience. The deep one-plus car garage provides ample storage or workshop space. The living room features a cozy gas fireplace and opens to an enclosed porch overlooking the serene Boardman River, providing a peaceful retreat right in the heart of the city. Enjoy breathtaking views of downtown, the historic Park Place Hotel, and the Grand Traverse County Courthouse from your windows. Just a short walk away, you'll find some of the best restaurants, bars, and entertainment venues Traverse City has to offer. Whether you’re dining out, catching a show, or exploring the city’s rich history, you’ll love the convenience and vibrancy of your new neighborhood. Don’t miss the opportunity to make this incredible property your new home and experience the perfect blend of urban living and natural beauty in downtown Traverse City!
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,887
Per Month
Principal & Interest
$2,820
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
$1,760
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.
Elementary School
9
/10
Tcaps Montessori School
1009 S Oak St
Distance between this listing and this school0.73 miles
Public District Grades PK-6
Middle School
6
/10
East Middle School
1776 3 Mile Rd N
Distance between this listing and this school4.56 miles
Public District Grades 6-8
High School
8
/10
Central High School
1150 Milliken Dr
Distance between this listing and this school1.51 miles
Public District Grades 9-12
Assigned Schools
9
/10
Tcaps Montessori School
1009 S Oak St
Distance between this listing and this school0.73 miles
Public District Grades PK-6
Nearby Schools
7
/10
Central Grade School
301 W Seventh St
Distance between this listing and this school0.34 miles
Public District Grades PK-5
3
/10
Traverse Heights Elementary School
933 Rose St
Distance between this listing and this school1.24 miles
Public District Grades PK-5
Assigned Schools
6
/10
East Middle School
1776 3 Mile Rd N
Distance between this listing and this school4.56 miles
Public District Grades 6-8
Nearby Schools
6
/10
The Greenspire School
1026 Red Dr
Distance between this listing and this school1.45 miles
Public Charter Grades 6-8
7
/10
West Middle School
3950 Silver Lake Rd
Distance between this listing and this school2.18 miles
Public District Grades 6-8
Assigned Schools
8
/10
Central High School
1150 Milliken Dr
Distance between this listing and this school1.51 miles
Public District Grades 9-12
Nearby Schools
2
/10
Traverse City High School
3962 3 Mile Rd N
Distance between this listing and this school3.13 miles
Public District Grades 6-12
8
/10
West Senior High School
5376 N Long Lake Rd
Distance between this listing and this school3.39 miles
The neighbors living near this home have an average income of $30,652. Most Traverse City, MI residents have annual incomes less than $35k. Most families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 257 Midtown Dr
What is the listing price of this property?
The listing price of 257 Midtown Dr property is $565,000.
What type of property is this?
The property 257 Midtown Dr is a condo located in Traverse City, Michigan, 49684.
Is this property for sale now?
Active Listing: 257 Midtown Dr is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 257 Midtown Dr are: Tcaps Montessori School: GreatSchools Rating 9/10East Middle School: GreatSchools Rating 6/10Central High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $5,718 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 257 Midtown Dr has 2 bedrooms and 1 full and 1 half bathrooms.
What is the square footage of this property?
The property 257 Midtown Dr is 1,548 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 257 Midtown Dr is 2005.
This home is located at 257 Midtown Dr in Traverse City, MI and zip code 49684. This 1,548 square foot home was built in 2005. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 08, 2024 and is currently priced at $565,000.
In August 2024, from all listings sold in Traverse City, MI there were more than 17 sold above asking price, over 46 sold below and more than 31 were sold right at the asked price. The number of listings in Traverse City, MI increased by 8.8% between July 2024 and August 2024. In August 2024, listings were on the market for 69 days. During the same period, the median list price in this real estate market was $435,438.
From Rocket Homes Real Estate and based on county public records data.