1216 Peninsula Dr, Traverse City, MI, 49686

Location

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1216 Peninsula Dr, Traverse City$799,000

Buyer Closing Credits

$9,488^*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence

ParkingPrivate, Detached

Garage2 spaces

Year Built1929

HeatingNatural Gas, Forced Air

CoolingNatural Gas, Central Air

FireplaceFireplace(s), Wood

MLS #1920261

Lot Size2.57 Acres

StatusActive
(Active U/C Taking Backups)

About 1216 Peninsula Dr

Discover a rare opportunity nestled at the base of Old Mission Peninsula: a 2.6-acre wooded parcel just steps from Bryant Park Beach. Currently featuring a charming log home ready for renovation or removal, this prime location offers proximity to downtown Traverse City, schools, and Old Mission wineries. Water, sewer, and natural gas already on-site, this versatile parcel presents endless possibilities. Whether you envision your dream estate or a development of eight executive homes, the choice is yours.

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Property Details

Property Features

Property Information:

• Architectural Style: 2 Story, Log Home, Lodge
• Year Built: 1929
• Living Area: 2,564 SqFt

Listing Office:

• Office Name: REO-TCFront-233021
• Listing Agent: Janel Brown

Interior Features

Interior Information:

• Appliances: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Trash Compactor, Ceiling Fan(s)
• Interior: Skylights, Bay Window(s), Walk-In Closet(s), Pantry, Formal Dining Room, Great Room, Den/Study, Beamed Ceilings, Vaulted Ceilings, Paneling
• Fireplace: Fireplace(s), Wood

Bedroom and Bathroom Information:

• Partial Bathrooms: 2
• Full Bathrooms: 2
• Total Bedroom Count: 6

Exterior Features

Exterior Information:

• Exterior: Screened Porch, Full Log

Parking Information:

• Garage Space: 2 spaces
• Attached Garage: No
• Parking: Private, Detached

Lot Features

Lot Information:

• Lot: Wooded, Level
• Lot Size: 2.57 Acres

Utilities

Utilities Information:

• Heating: Natural Gas, Forced Air
• Cooling: Natural Gas, Central Air

School Info

Assigned Schools Information:

• Central High School, Public District Grades 9-12
• East Middle School, Public District Grades 6-8
• Eastern Elementary School, Public District Grades PK-5
• Tcaps Montessori School, Public District Grades PK-6

Other

Directions Information:

• Directions: Peninsula Dr just North of Peninsula Ct.

Price Information

Listing Price Info

Price Summary:

• List Price: $799,000
• Price Per SqFt: $312/SqFt

Tax Information:

• Annual Amount: $9,287
• Tax Year: 2021

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Housing Market Comparison

See how this home compares to others in Traverse City, MI.

Traverse City, MI

City

Med. Sold Price

$366K

Med. Price/SqFt

$244

Avg. Days On Market

56

# of Sold Homes

66

1216 Peninsula Dr vs Traverse City

42 DAYS ON ROCKET

-14 Days

$799,000

+$433K More

$312/SqFt

+$67 More

KEY TAKEAWAY

This property is $433K more than the Median Sold Price and $67/SqFt more than other homes in Traverse City, MI.

Based on homes sold in March 2024

MLS Details

MLS Information:

• MLS Name: TAAR
• MLS Number: #1920261

Listing Office:

• Office Name: REO-TCFront-233021
• Listing Agent: Janel Brown

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: 4/27/2024, 9:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$9,287	$256,800
2020	$9,209	$238,300
2019	-	$220,200
2018	-	$207,600
2017	-	$205,900

History based on county public records data.

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**Disclosures

Rocket Homes›Michigan›Grand Traverse County›Traverse City›49686›1216 Peninsula Dr

This home is located at 1216 Peninsula Dr in Traverse City, MI and zip code 49686. This 2,564 square foot home, which was built in 1929, sits on a 2.57 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 16, 2024 and is currently priced at $799,000.

While more than 22 listings in Traverse City, MI in March 2024 were sold above asking price, there were more than 20 listings sold at asking price, and more than 24 were sold below. The number of homes for sale in Traverse City, MI increased by 12.5% between February 2024 and March 2024. Listings spent 56 days on the market in March 2024, and had a median list price of $366,000 during the same period.

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