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627 Terrace Dr, Traverse City, MI, 49686

$320,000

Home List Price

$3,800*

Closing Credit

3 Bedrooms
1 Full Bath
1,056 SqFt
$303/SqFt
House

Location

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627 Terrace Dr, Traverse City$320,000

Buyer Closing Credits

$3,800*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingConcrete, Alley Access, Detached, Door Opener, Paved Driveway, Other, Concrete Floors
Garage1 space
Year Built1955
HeatingForced Air
WaterfrontNone
FireplaceGas
MLS #1928334
Lot Size0.39 Acres
StatusActive
(Active U/C Taking Backups)

About 627 Terrace Dr

Welcome to 627 Terrace! This charming 3-bedroom, 1-bathroom ranch is tucked away in a quiet neighborhood, offering a prime location near downtown Traverse City, East Bay, and West Bay beaches. Perfect for those who enjoy an active lifestyle, you’ll be just a short bike ride from East Bay Park, the TART Trail, and the Civic Center, with plenty of outdoor adventures and easy access to downtown amenities. The home features beautifully maintained wood floors in all three bedrooms, and the deep lot showcases mature hardwoods with two garden beds added in 2020. Recent upgrades include a new roof installed in 2024 with a transferable warranty, a 200A main service panel, and motion detection lighting. The garage is set up for future projects or expansion, with natural gas and water lines, plus a 60A, 220V feed added in 2019. This registered home, manufactured by United States Steel Homes, Inc., sits on a buildable .39-acre lot, providing room to grow. A convenient easement alley leads directly to Eighth Street, and a reserved area on the east side of the lot is perfect for storing boats and trailers. Explore the possibilities and make this central yet peaceful home your own!

Property Details

Property Features

Property Information:

  • Architectural Style: 1 Story
  • Year Built: 1955
  • Living Area: 1,056 SqFt

Listing Office:

  • Office Name: REMAX Bayshore - Union St TC
  • Office Phone: (231) 941-4500
  • Listing Agent: Claire Washington

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Microwave, Washer, Dryer, Gas Water Heater
  • Interior: Other, Paneling
  • Fireplace: Gas

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Fenced Yard, Porch, Other

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Concrete, Alley Access, Detached, Door Opener, Paved Driveway, Other, Concrete Floors

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.39 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Traveling on Munson Ave, take a left onto Eighth St. About a half mile you will take a left onto Terrace Dr. Home is

Price Information

Listing Price Info

Price Summary:

  • List Price: $320,000
  • Price Per SqFt: $303/SqFt

Tax Information:

  • Annual Amount: $2,795
  • Tax Year: 2021
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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

627 Terrace Dr vs Traverse City

31 DAYS ON ROCKET

-42 Days

$320,000

-$126.7K Less

$303/SqFt

+$47 More

KEY TAKEAWAY

This property is $126.7K less than the Median Sold Price and $47/SqFt more 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: #1928334

Listing Office:

  • Office Name: REMAX Bayshore - Union St TC
  • Office Phone: (231) 941-4500
  • Listing Agent: Claire Washington

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: 11/21/2024, 4:20:51 PM 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$2,795$104,900
2020$2,785$103,100
2019 - $87,900
2018 - $84,200
2017 - $87,400

History based on county public records data.

Payment Calculator

$1,665

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,026

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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.

Nearby Schools

school-card-donut-366762
3
/10

  • Traverse Heights Elementary School

  • 933 Rose St

  • 0.88 miles

  • Public District Grades PK-5

school-card-donut-366763
4
/10

  • Eastern Elementary School

  • 1600 Eastern Ave

  • 0.91 miles

  • Public District Grades PK-5

school-card-donut-366764
7
/10

  • Central Grade Elementary School

  • 301 7th St

  • 2.12 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,364. Residents of Traverse City, MI typically earn less than $35k each year. Most families are 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 627 Terrace Dr

What is the listing price of this property?

The listing price of 627 Terrace Dr property is $320,000.

What type of property is this?

The property 627 Terrace Dr is a house located in Traverse City, Michigan, 49686.

Is this property for sale now?

Active Listing: 627 Terrace Dr 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 $2,795 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 627 Terrace Dr has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 627 Terrace Dr is 1,056 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 627 Terrace Dr is 1955.

Rocket Homes›Michigan›Grand Traverse County›Traverse City›49686›627 Terrace Dr

This home is located at 627 Terrace Dr in Traverse City, MI and zip code 49686. This 1,056 square foot home, which was built in 1955, sits on a 0.39 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $320,000.

While more than 19 listings in Traverse City, MI in October 2024 were sold above asking price, there were more than 23 listings sold at asking price, and more than 41 were sold below. 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.

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