Welcome to Verndale at East Bay, a gorgeous subdivision featuring modern craftsman-style, cottages. Experience beautiful countryside living with the ease of city improvements. This exclusive, elevated lot not only offers a unique opportunity for fine living in one of the area's most coveted locations but also stands as the most budget-friendly choice in the subdivision. The privacy of the subdivision is notable, with one-way in and out access. With city water and sewer amenities, it provides the perfect setting for a Greenbuilt home, with luxury, sustainability, and affordability.
Property Details
Property Features
Listing Office:
Office Name: REMAX Bayshore - Union St TC
Office Phone: (231) 941-4500
Listing Agent: Karlie Acton
Exterior Features
Exterior Information:
Waterfront: None
Exterior: Countryside View
Lot Features
Lot Information:
Lot: Cleared
Lot Size: 0.34 Acres
Other
Directions Information:
Directions: Head west on 3 Mile Road, then make a right onto E Hammond Road. Drive through the Verndale at East Bay on Burrgenstock Street and turn left onto Vienna Way. Keep going until you reach Strasbourg Drive, then turn left onto Madeira Dr.
Price Information
Listing Price Info
Price Summary:
List Price: $42,900
Tax Information:
Annual Amount: $742
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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$282
Per Month
Principal & Interest
$215
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
$195
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Cherry Knoll Elementary School
1800 3 Mile Rd N
Distance between this listing and this school0.45 miles
Public District Grades PK-5
6
/10
Courtade Elementary School
1111 Rasho Rd
Distance between this listing and this school2.84 miles
Public District Grades PK-5
3
/10
Traverse Heights Elementary School
933 Rose St
Distance between this listing and this school3.21 miles
Public District Grades PK-5
Nearby Schools
6
/10
Traverse City East Middle School
1776 3 Mile Rd N
Distance between this listing and this school0.54 miles
Public District Grades 6-8
9
/10
Tcaps Montessori School
1009 S Oak St
Distance between this listing and this school4.58 miles
Public District Grades PK-7
7
/10
Traverse City West Middle School
3950 Silver Lake Rd
Distance between this listing and this school4.89 miles
Public District Grades 6-8
Nearby Schools
8
/10
Grand Traverse Academy
1245 Hammond Rd E
Distance between this listing and this school0.71 miles
Public Charter Grades PK-12
2
/10
Traverse City High School
3962 3 Mile Rd N
Distance between this listing and this school2.19 miles
Public District Grades 9-12
8
/10
Central High School
1150 Milliken Dr
Distance between this listing and this school4.11 miles
The neighbors living near this home have an average income of $67,430. Most Traverse City, MI residents have annual incomes between $35k-100k. Residents typically live in married, no kids family. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 645 Madeira Dr
What is the listing price of this property?
The listing price of 645 Madeira Dr property is $42,900.
What type of property is this?
The property 645 Madeira Dr is land located in Traverse City, Michigan, 49696.
Is this property for sale now?
Active Listing: 645 Madeira 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 $742 (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 645 Madeira Dr in Traverse City, MI and zip code 49696. This home sits on a 0.34 acre lot. It has been listed on Rocket Homes since November 18, 2023 and is currently priced at $42,900.
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.
NASCAR
NASCAR
Soccer
College Football
Dick's Sporting Goods
Old Navy
Best Buy
Arbys
Jimmy Johns
Texas Roadhouse
GMC
Ram
Lincoln
Adult Hits
New Country
Contemporary Christian