4 months on rocket

3862 Brook Dr, Traverse City, MI, 49684

$275,000

Home List Price

$3,266*

Closing Credit

2 Baths
2,178 SqFt
$126/SqFt
House

Location

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3862 Brook Dr, Traverse City$275,000

Buyer Closing Credits

$3,266*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

ParkingNone
Year Built1954
HeatingForced Air
WaterfrontNone
FireplaceNone
MLS #1923700
Lot Size0.19 Acres
StatusActive
(Active U/C Taking Backups)

About 3862 Brook Dr

Discover this prime duplex property, ideally located just minutes away from the vibrant downtown Traverse City. This well-positioned investment offers the perfect blend of convenience and potential. **Key Features** Two-Unit Duplex: Each unit features two bedrooms and one bathroom, providing ample space for comfortable living or renting. Needs TLC: While the property offers a solid foundation, it could benefit from some updates to flooring and other cosmetic enhancements. Prime Location: Enjoy easy access to shopping, dining, and entertainment options in downtown Traverse City. Outdoor Living: Take advantage of the nearby Grand Traverse Commons and Botanical Garden, perfect for biking, walking, or simply enjoying the natural beauty of the area. **Investment Potential** Rental Income: This duplex presents an excellent opportunity to generate rental income from both units. Location: The property's proximity to downtown Traverse City ensures a strong demand for tenants. Value Appreciation: As real estate values continue to rise in the Traverse City area, this duplex offers significant potential for appreciation. This duplex represents an exceptional investment opportunity. Don't miss out on the chance to own a piece of Traverse City's thriving real estate market.

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex, 1 Story
  • Year Built: 1954
  • Living Area: 2,178 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Microwave, Washer, Dryer, Gas Water Heater
  • Interior: Drywall
  • Fireplace: None

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Deck, Vinyl Siding

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

School Info

Assigned Schools Information:

  • West Senior High School, Public District Grades 9-12
  • West Middle School, Public District Grades 6-8
  • East Middle School, Public District Grades 6-8
  • Tcaps Montessori School, Public District Grades PK-6

Other

Directions Information:

  • Directions: Take W Silver Lake Rd. to left on Franke Rd. to right on Brook Dr.

Price Information

Listing Price Info

Price Summary:

  • List Price: $275,000
  • Price Per SqFt: $126/SqFt
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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

$446.7K

Med. Price/SqFt

$255

Avg. Days On Market

73

# of Sold Homes

88

3862 Brook Dr vs Traverse City

139 DAYS ON ROCKET

+66 Days

$275,000

-$171.7K Less

$126/SqFt

-$130 Less

KEY TAKEAWAY

This property is $171.7K less than the Median Sold Price and $130/SqFt less 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: #1923700

Listing Office:

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

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: 11/5/2024, 3:20:49 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 - $85,600
2020 - $77,000
2019 - $73,500
2018 - $68,900
2017 - $64,000

History based on county public records data.

Payment Calculator

$1,440

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$891

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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.

Elementary School

school-card-donut-1785507
9
/10

  • Tcaps Montessori School

  • 1009 S Oak St

  • 1.09 miles

  • Public District Grades PK-6

Middle School

school-card-donut-1785508
7
/10

  • West Middle School

  • 3950 Silver Lake Rd

  • 0.43 miles

  • Public District Grades 6-8

school-card-donut-1785509
6
/10

  • East Middle School

  • 1776 3 Mile Rd N

  • 4.93 miles

  • Public District Grades 6-8

High School

school-card-donut-1785510
8
/10

  • West Senior High School

  • 5376 N Long Lake Rd

  • 1.93 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,246. Most Traverse City, MI residents have annual incomes between $35k-100k. Typical family type is single, 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 3862 Brook Dr

What is the listing price of this property?

The listing price of 3862 Brook Dr property is $275,000.

What type of property is this?

The property 3862 Brook Dr is a house located in Traverse City, Michigan, 49684.

Is this property for sale now?

Active Listing: 3862 Brook 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 3862 Brook Dr are:
Tcaps Montessori School: GreatSchools Rating 9/10
West Middle School: GreatSchools Rating 7/10
East Middle School: GreatSchools Rating 6/10
West Senior High School: GreatSchools Rating 8/10

How many bedrooms and bathrooms does this property have?

The property at 3862 Brook Dr has 2 bathrooms..

What is the square footage of this property?

The property 3862 Brook Dr is 2,178 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3862 Brook Dr is 1954.

Rocket Homes›Michigan›Grand Traverse County›Traverse City›49684›3862 Brook Dr

This home is located at 3862 Brook Dr in Traverse City, MI and zip code 49684. This 2,178 square foot home, which was built in 1954, sits on a 0.19 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since June 19, 2024 and is currently priced at $275,000.

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 number of homes for sale in Traverse City, MI increased by 5.3% between September 2024 and October 2024. In October 2024, listings were on the market for 73 days. During the same period, the median list price in this real estate market was $446,781.

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

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