Welcome to the heart of Leelanau County, where this lovely 4+ acre parcel awaits your vision. Situated just minutes away from both the Bingham Public boat launch to the south and the Narrows launch to the north, this prime location offers endless opportunities for year-round living or an Up North retreat. The standout feature of this property is the 3200 sq/ft pole building that is already built on the land. It comes equipped with all the necessities including septic, water, LP gas furnace, wood furnace, and well pressure tank. This spacious structure also boasts a 20x24 second-level studio or recreational room " á la Barndominium" complete with a kitchenette, a partitioned & heated 512 sq/ft workshop with bathroom, two large overhead doors, and all the storage you will need, all accented by skylights letting in natural light. Build around what is already in place or start with a blank canvas. The picturesque Bingham Township offers a serene escape from the hustle and bustle of city life. Immerse yourself in the beauty of Leelanau County's woodlands, while still having convenient access to nearby amenities and recreational activities. Don't miss out on this incredible opportunity to own a piece of paradise in one of Michigan's most sought-after locations. Whether you're looking to build your forever home or a weekend getaway, this vacant land is waiting for you to make it your own. Grab your architect and explore the possibilities
Property Details
Property Features
Listing Office:
Office Name: Coldwell Banker Schmidt-402
Listing Agent: Mark Hagan
Exterior Features
Exterior Information:
Waterfront: None
Exterior: Countryside View, Other, Garden Area, Pole Building
Lot Features
Lot Information:
Lot: Level, Sloped, Cleared, Wooded
Lot Size: 4.20 Acres
School Info
Assigned Schools Information:
Suttons Bay Senior High School, Public Magnet Grades 7-12
Suttons Bay Elementary School, Public Magnet Grades PK-6
Other
Directions Information:
Directions: 1.2 miles north of Bingham Boat Launch on CR641 to right on E Nicholas to property on left
Price Information
Listing Price Info
Price Summary:
List Price: $350,000
Tax Information:
Annual Amount: $836
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.
$1,814
Per Month
Principal & Interest
$1,747
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
$1,116
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.
Elementary School
4
/10
Suttons Bay Elementary School
310 S Elm St
Distance between this listing and this school5.42 miles
Public Magnet Grades PK-6
High School
8
/10
Suttons Bay Senior High School
500 S Elm St
Distance between this listing and this school5.19 miles
Public Magnet Grades 7-12
Assigned Schools
4
/10
Suttons Bay Elementary School
310 S Elm St
Distance between this listing and this school5.42 miles
Public Magnet Grades PK-6
Nearby Schools
7
/10
Willow Hill Elementary School
1250 Hill St
Distance between this listing and this school9.02 miles
Public District Grades PK-5
7
/10
Central Grade School
301 W Seventh St
Distance between this listing and this school9.93 miles
Public District Grades PK-5
Nearby Schools
6
/10
The Greenspire School
1026 Red Dr
Distance between this listing and this school10.22 miles
Public Charter Grades 6-8
7
/10
West Middle School
3950 Silver Lake Rd
Distance between this listing and this school10.84 miles
Public District Grades 6-8
7
/10
Cherryland Middle School
707 E 3rd St
Distance between this listing and this school14.29 miles
Public District Grades 6-8
Assigned Schools
8
/10
Suttons Bay Senior High School
500 S Elm St
Distance between this listing and this school5.19 miles
Public Magnet Grades 7-12
Nearby Schools
3
/10
Suttons Bay Virtual School
500 S Elm St
Distance between this listing and this school5.19 miles
Public Magnet Grades KG-12
8
/10
Leland Public School
200 N Grand Ave
Distance between this listing and this school9.31 miles
The neighbors living near this home have an average income of $67,301. The most common annual income of people living in Traverse City, MI is between $35k-100k. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8291 E Nicholas Dr
What is the listing price of this property?
The listing price of 8291 E Nicholas Dr property is $350,000.
What type of property is this?
The property 8291 E Nicholas Dr is land located in Traverse City, Michigan, 49684.
Is this property for sale now?
Active Listing: 8291 E Nicholas 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 8291 E Nicholas Dr are: Suttons Bay Elementary School: GreatSchools Rating 4/10Suttons Bay Senior High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $836 (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 8291 E Nicholas Dr in Traverse City, MI and zip code 49684. This home sits on a 4.20 acre lot. It has been listed on Rocket Homes since June 21, 2024 and is currently priced at $350,000.
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. In October 2024 in Traverse City, MI there were 5.3% more homes for sale than in September 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.
Hunting
Hunting
Figure Skating
NASCAR
Dillards
Dick's Sporting Goods
Wal-Mart
Cracker Barrel
Texas Roadhouse
Hardee's
Cadillac
Subaru
Ram
News/Talk/Information
New Country
Classic Country