7878 S Outer Dr, Traverse City, MI, 49685

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

7878 S Outer Dr, Traverse City$1,375,000

Buyer Closing Credits

$10,000^*

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, Easement, Shared, Attached, Door Opener, Paved Driveway, Concrete Floors

Attached Garage2 spaces

Year Built1990

HeatingForced Air

CoolingCentral Air, Humidity Control

WaterfrontPrivate Frontage, Lake, All Sports, Waterfront, Soft Bottom, Public Lake, Sandy Shoreline

FireplaceFireplace(s), Wood

MLS #1927990

Lot Size1.38 Acres

StatusActive
(Price Change)

About 7878 S Outer Dr

Waterfront living on Long Lake, one of TC’s premier lakes. Private oasis on this beautifully landscaped lot in “Fannings Cove” which offers protective boat mooring. Custom designed elegant home w/ an exceptional layout & plenty of storage. The living rm features a massive stone f/p & tv nook, nearly 2 full walls of waterfront windows & soaring ceilings. Living rm flows into a “conversation” library rm w/ built in bookcases & another f/p, which then flows into the dining rm & kitchen. Many large windows offer natural light along w/ stunning lake & yard views. Primary has walk-through closet, deck & lake view. Community park w/ playground, picnic area, volleyball, private boat launch, swim area on cove.

View More

Property Details

Property Features

Property Information:

• Architectural Style: 2 Story, Other
• Year Built: 1990
• Living Area: 3,295 SqFt

Listing Office:

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

Interior Features

Interior Information:

• Appliances: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Freezer, Exhaust Fan, Ceiling Fan(s), Gas Water Heater, Instant Hot Water
• Interior: Skylights, Cathedral Ceilings, Built-In Bookcase, Foyer Entrance, Walk-In Closet(s), Pantry, Mud Room, Great Room, Den/Study, Exercise Room, Vaulted Ceilings, Drywall
• Fireplace: Fireplace(s), Wood

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 5

Exterior Features

Exterior Information:

• Waterfront: Private Frontage, Lake, All Sports, Waterfront, Soft Bottom, Public Lake, Sandy Shoreline
• Exterior: Deck, Fenced Yard, Invisible Pet Fencing, Vinyl

Parking Information:

• Garage Space: 2 spaces
• Attached Garage: Yes
• Parking: Blacktop, Easement, Shared, Attached, Door Opener, Paved Driveway, Concrete Floors

Virtual/3D Tour

• Virtual Tour: 7878 S Outer Dr

Virtual Tour

Lot Features

Lot Information:

• Lot: Wooded, Level, Sloped
• Lot Size: 1.38 Acres

Utilities

Utilities Information:

• Heating: Forced Air
• Cooling: Central Air, Humidity Control

School Info

Assigned Schools Information:

• West Senior High School, Public District Grades 9-12
• West Middle School, Public District Grades 6-8
• Silver Lake Elementary School, Public District Grades KG-5
• Tcaps Montessori School, Public District Grades PK-6

Other

Directions Information:

• Directions: N South Long Lake Rd to Outer Dr, to 7878 Driveway.

Price Information

Listing Price Info

Price Summary:

• List Price: $1,375,000
• Price Per SqFt: $417/SqFt

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

$439.6K

Med. Price/SqFt

$251

Avg. Days On Market

58

# of Sold Homes

92

7878 S Outer Dr vs Traverse City

15 DAYS ON ROCKET

-43 Days

$1,375,000

+$935.3K More

$417/SqFt

+$165 More

KEY TAKEAWAY

This property is $935.3K more than the Median Sold Price and $165/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: #1927990

Listing Office:

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

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: 10/25/2024, 12:55:50 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

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

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

$6,930

Per Month

Principal & Interest

$6,863

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

$4,189

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Michigan›Grand Traverse County›Traverse City›49685›7878 S Outer Dr

This home is located at 7878 S Outer Dr in Traverse City, MI and zip code 49685. This 3,295 square foot home, which was built in 1990, sits on a 1.38 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 09, 2024 and is currently priced at $1,375,000.

In September 2024 more than 15 listings in Traverse City, MI were sold above the asking price. During the same period more than 24 listings were sold at asking price, while more than 49 were sold below. The number of listings in Traverse City, MI increased by 5.6% between August 2024 and September 2024. The median list price of listings available in September 2024 was $439,666, while the average time on the real estate market was 58 days.

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