3878 Forest Lakes Dr, Traverse City, MI, 49696

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

3878 Forest Lakes Dr, Traverse City$359,000

Buyer Closing Credits

$4,263^*

1.25% Loan Amount

Sell Your Home And Save More

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingBlacktop, Detached, Door Opener, Concrete Floors

Garage2 spaces

Year Built1978

HeatingForced Air

WaterfrontNone

FireplaceNone

MLS #1928193

Lot Size0.49 Acres

StatusActive

About 3878 Forest Lakes Dr

This bi-level home has hosted a family daycare for decades, but the time has arrived for a new owner. Set back from the road on a spacious lot in a quiet neighborhood on Traverse City's east side, close to lakes, state land and parks, this home has lots to offer. Three bedrooms and two full baths with loads of storage space and downstairs bonus rooms, even a "man cave!" New vinyl flooring in the living room and bedrooms adds durability. Updates include a new Bosch dishwasher in 2019, new washer and dryer in 2020, new metal roof in 2020 and a new oven and refrigerator in 2022. Detached garage offers extra workspace area and an expanded 2.5 car garage width. Large fenced backyard on a half-acre lot.

View More

Property Details

Property Features

Property Information:

• Architectural Style: Bi-Level
• Year Built: 1978
• Living Area: 1,868 SqFt

Listing Office:

• Office Name: EXIT Northern Shores Realty-ER
• Office Phone: (231) 342-5991
• Listing Agent: Vickie Smith

Interior Features

Interior Information:

• Appliances: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer, Ceiling Fan(s), Gas Water Heater
• Interior: Mud Room, Den/Study, Workshop, Drywall
• Fireplace: None

Bedroom and Bathroom Information:

• Full Bathrooms: 1
• Total Bedroom Count: 3

Exterior Features

Exterior Information:

• Waterfront: None
• Exterior: Deck, Multi-Level Decking, Fenced Yard, Screened Porch, Vinyl

Parking Information:

• Garage Space: 2 spaces
• Attached Garage: No
• Parking: Blacktop, Detached, Door Opener, Concrete Floors

Lot Features

Lot Information:

• Lot: Level
• Lot Size: 0.49 Acres

Utilities

Utilities Information:

• Heating: Forced Air

Other

Directions Information:

• Directions: Four Mile Rd south to Hammond, curve south to High Lake Rd, stay straight at Supply Rd. Turn left at Rasho, right onto Forest Lakes Dr, house is on the right.

Price Information

Listing Price Info

Price Summary:

• List Price: $359,000
• Price Per SqFt: $192/SqFt

Tax Information:

• Annual Amount: $1,541
• Tax Year: 2021

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

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

Traverse City, MI

City

Med. Sold Price

$446.7K

Med. Price/SqFt

$255

Avg. Days On Market

73

# of Sold Homes

88

3878 Forest Lakes Dr vs Traverse City

37 DAYS ON ROCKET

-36 Days

$359,000

-$87.7K Less

$192/SqFt

-$64 Less

KEY TAKEAWAY

This property is $87.7K less than the Median Sold Price and $64/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: #1928193

Listing Office:

• Office Name: EXIT Northern Shores Realty-ER
• Office Phone: (231) 342-5991
• Listing Agent: Vickie Smith

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: 11/23/2024, 4:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$1,541	$98,200
2020	$1,548	$91,700
2019	-	$95,000
2018	-	$78,500
2017	-	$74,900

History based on county public records data.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$1,859

Per Month

Principal & Interest

$1,792

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

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 Payment

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.

$Down PaymentPercent%

Loan Term

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.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

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

Monthly Premium

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

Monthly Premium

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

Monthly Fees

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

Monthly Cost

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

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,143

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Michigan›Grand Traverse County›Traverse City›49696›3878 Forest Lakes Dr

This home is located at 3878 Forest Lakes Dr in Traverse City, MI and zip code 49696. This 1,868 square foot home, which was built in 1978, sits on a 0.49 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $359,000.

Over 19 listings were sold over their listed price in October 2024 in Traverse City, MI. In the same period over 41 listings were sold below the listed price and 23 listings were sold for the listed price. Between September 2024 and October 2024, Traverse City, MI real estate market has seen increase in the number of listings 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.