2 months on rocket

103 S Madison St, Traverse City, MI, 49684

$500,000

0.45 Acres
Land
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

WaterfrontNone
MLS #1919309
Lot Size0.45 Acres
StatusActive

About 103 S Madison St

Prime development parcel located right next to Munson Medical Center. This property is approximately 0.5 acres in size and has been used as a parking lot for many years (can accommodate up to 42 vehicles). With municipal water & sewer, this parcel is perfect for a multifamily development, medical office development, continued use as a parking lot, or many other uses allowed under H-1 zoning. Bring your ideas and take advantage of this excellent location! Sale of this property is contingent on sale of 224 Circle Dr (MLS #185177). Seller will entertain offers on 103 S Madison St lot but reserves the right to wait until 224 Circle Dr is sold prior to selling 103 S Madison St lot.

Property Details

Property Features

Listing Office:

  • Office Name: Coldwell Banker Schmidt-522
  • Listing Agent: Alex MacKenzie

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Sidewalks, Other, Development Property

Lot Features

Lot Information:

  • Lot: Level, Cleared, Corner Lot
  • Lot Size: 0.45 Acres

School Info

Assigned Schools Information:

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

Other

Directions Information:

  • Directions: West on Front St from Downtown Traverse City, left on S Madison St, property will be on your left

Price Information

Listing Price Info

Price Summary:

  • List Price: $500,000

Tax Information:

  • Annual Amount: $5,068
  • 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

$366K

Med. Price/SqFt

$244

Avg. Days On Market

56

# of Sold Homes

66

103 S Madison St vs Traverse City

75 DAYS ON ROCKET

+19 Days

$500,000

+$134K More

KEY TAKEAWAY

This property is $134K more than the Median Sold Price in Traverse City, MI.

Based on homes sold in March 2024

MLS Details

MLS Information:

  • MLS Name: TAAR
  • MLS Number: #1919309

Listing Office:

  • Office Name: Coldwell Banker Schmidt-522
  • Listing Agent: Alex MacKenzie

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: 4/29/2024, 9:25:17 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$5,068$172,900
2020$5,025$151,300
2019 - $148,900
2018 - $148,500
2017 - $148,500

History based on county public records data.

Payment Calculator

$2,563

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

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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

school-card-donut-3342723
7
/10

  • Willow Hill Elementary School

  • 1250 Hill St

  • 0.45 miles

  • Public District Grades PK-5

school-card-donut-3342724
6
/10

  • Tcaps Montessori School

  • 1009 S Oak St

  • 1.00 miles

  • Public District Grades PK-6

Middle School

school-card-donut-3342725
7
/10

  • West Middle School

  • 3950 Silver Lake Rd

  • 1.63 miles

  • Public District Grades 6-8

High School

school-card-donut-3342726
9
/10

  • West Senior High School

  • 5376 N Long Lake Rd

  • 2.39 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,142. The most common annual income of people living in Traverse City, MI is between $35k-100k. Residents typically live in single, no kids family. 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 103 S Madison St

What is the listing price of this property?

The listing price of 103 S Madison St property is $500,000.

What type of property is this?

The property 103 S Madison St is land located in Traverse City, Michigan, 49684.

Is this property for sale now?

Active Listing: 103 S Madison St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 103 S Madison St are:
Willow Hill Elementary School: GreatSchools Rating 7/10
Tcaps Montessori School: GreatSchools Rating 6/10
West Middle School: GreatSchools Rating 7/10
West Senior High School: GreatSchools Rating 9/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,068 (source: MLS/based on county public records data).

How much acreage is this property?

The property 103 S Madison St is 0.45 acres.
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Rocket Homes›Michigan›Grand Traverse County›Traverse City›49684›103 S Madison St

This home is located at 103 S Madison St in Traverse City, MI and zip code 49684. This home sits on a 0.45 acre lot. It has been listed on Rocket Homes since February 14, 2024 and is currently priced at $500,000.

Over 22 listings were sold over their listed price in March 2024 in Traverse City, MI. In the same period over 24 listings were sold below the listed price and 20 listings were sold for the listed price. The inventory of homes for sale in Traverse City, MI between February 2024 and March 2024 increased by 12.5%. The median list price of listings available in March 2024 was $366,000, while the average time on the real estate market was 56 days.

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

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