21 days on rocket

2207 Gibbs, Traverse City, MI, 49696

$950,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths
2,168 SqFt
$438/SqFt
House
Schools Nearby

Location

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2207 Gibbs, Traverse City$950,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingBlacktop, Shared, Attached, Paved Driveway, Concrete Floors
Attached Garage3 spaces
Year Built1940
HeatingElectric, Baseboard
CoolingElectric, Ductless
WaterfrontPrivate Frontage, Lake, All Sports, Waterfront, Private Dock, Sandy Bottom, Bluff
FireplaceFireplace(s), Wood
MLS #1921017
Lot Size1.48 Acres
StatusActive
(Active U/C Taking Backups)

About 2207 Gibbs

This waterfront home on Lake Arbutus is a must see if you are looking to live with nature, experience serenity, have modern amenities, while maintaining that up north vibe. The original cottage has been updated and modernized, while preserving the character of the original space. This lovely waterfront property also features a brand new 2 car garage, completed in 2023 with quality materials and construction. Here, you have 1.48 acres sitting on a beautiful bluff allowing for stunning views of the lake, along with a staggering 495 feet of frontage. The Arbutus chain of lakes offers wildlife all around, and is the perfect place to take out your paddleboard, kayak, or boat, while being only a 20 minute drive to downtown Traverse City. This space has been created to rest in your home with comfort, enjoy the sunrise views, and have plenty of room to entertain your guests!

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage, In-Law Suite or Apartment, 1 Story
  • Year Built: 1940
  • Living Area: 2,168 SqFt

Listing Office:

  • Office Name: The Mitten Real Estate Group
  • Listing Agent: Casey Kiley-Terzano

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Dishwasher, Washer, Dryer, Ceiling Fan(s), Electric Water Heater
  • Interior: Solarium/Sun Room, Exercise Room
  • Fireplace: Fireplace(s), Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Private Frontage, Lake, All Sports, Waterfront, Private Dock, Sandy Bottom, Bluff
  • Exterior: Balcony, Deck, Patio, Landscaped, Screened Porch, Aluminum, Steel

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Blacktop, Shared, Attached, Paved Driveway, Concrete Floors

Lot Features

Lot Information:

  • Lot: Wooded, Cleared, Sloped, Bluff
  • Lot Size: 1.48 Acres

Utilities

Utilities Information:

  • Heating: Electric, Baseboard
  • Cooling: Electric, Ductless

School Info

Assigned Schools Information:

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

Other

Directions Information:

  • Directions: Hobbs Hwy to Gibbs Rd follow for about a 1/2 mile. Shared driveway on right hand side. Address marker shaped like a leaf on tree in front of drive. Follow to end of road.

Price Information

Listing Price Info

Price Summary:

  • List Price: $950,000
  • Price Per SqFt: $438/SqFt
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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

$424K

Med. Price/SqFt

$240

Avg. Days On Market

68

# of Sold Homes

78

2207 Gibbs vs Traverse City

21 DAYS ON ROCKET

-47 Days

$950,000

+$526K More

$438/SqFt

+$197 More

KEY TAKEAWAY

This property is $526K more than the Median Sold Price and $197/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: #1921017

Listing Office:

  • Office Name: The Mitten Real Estate Group
  • Listing Agent: Casey Kiley-Terzano

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: 5/2/2024, 8:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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

Payment Calculator

$4,809

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,915

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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-4968357
6
/10

  • Cherry Knoll Elementary School

  • 1800 3 Mile Rd N

  • 4.30 miles

  • Public District Grades PK-5

school-card-donut-4968358
6
/10

  • Tcaps Montessori School

  • 1009 S Oak St

  • 8.62 miles

  • Public District Grades PK-6

Middle School

school-card-donut-4968359
6
/10

  • East Middle School

  • 1776 3 Mile Rd N

  • 4.24 miles

  • Public District Grades 6-8

High School

school-card-donut-4968360
8
/10

  • Central High School

  • 1150 Milliken Dr

  • 8.43 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 $62,139. Most Traverse City, MI residents have annual incomes between $35k-100k. Most families are married, with kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2207 Gibbs

What is the listing price of this property?

The listing price of 2207 Gibbs property is $950,000.

What type of property is this?

The property 2207 Gibbs is a house located in Traverse City, Michigan, 49696.

Is this property for sale now?

Active Listing: 2207 Gibbs is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2207 Gibbs are:
Cherry Knoll Elementary School: GreatSchools Rating 6/10
Tcaps Montessori School: GreatSchools Rating 6/10
East Middle School: GreatSchools Rating 6/10
Central High School: GreatSchools Rating 8/10

How many bedrooms and bathrooms does this property have?

The property at 2207 Gibbs has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 2207 Gibbs is 2,168 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2207 Gibbs is 1940.

Rocket Homes›Michigan›Grand Traverse County›Traverse City›49696›2207 Gibbs

This home is located at 2207 Gibbs in Traverse City, MI and zip code 49696. This 2,168 square foot home, which was built in 1940, sits on a 1.48 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 11, 2024 and is currently priced at $950,000.

In April 2024 more than 19 listings in Traverse City, MI were sold above the asking price. During the same period more than 20 listings were sold at asking price, while more than 34 were sold below. Between March 2024 and April 2024, Traverse City, MI real estate market has seen increase in the number of listings by 21.4%. Listings spent 68 days on the market in April 2024, and had a median list price of $424,000 during the same period.

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

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