Property Highlights
This historic 3-bedroom, 1.5-bath home in downtown Traverse City offers a unique opportunity for buyers with a vision. The property features a spacious 1,785 square feet of living space and sits on a 0.12-acre lot, providing ample room for customization and potential expansion.
The home's charming character is evident in its vintage details, including hardwood floors, a wood-burning fireplace, and a formal dining room. With the right renovations, this property has the potential to become a stunning showcase of Traverse City's architectural heritage.
Renovation Potential
The home's unfinished basement and dated interior finishes present an opportunity for buyers to put their own stamp on the property. With a vision for modern updates and strategic renovations, this home can be transformed into a beautiful, functional living space that aligns with the owner's unique preferences.
Prospective buyers should consider consulting with local contractors and designers to explore the full scope of renovation possibilities, from updating the kitchen and bathrooms to enhancing the home's energy efficiency and curb appeal.
Property Details and Features
Situated in the heart of Traverse City's Central neighborhood, this property offers residents the convenience of being within walking distance to the city's vibrant downtown area. Residents can easily access a variety of shops, restaurants, and entertainment venues, making this an ideal location for those who value an urban, walkable lifestyle.
The property is also located within the Traverse City Area Public Schools district, providing access to quality educational institutions for families. The surrounding Central neighborhood is known for its charming, tree-lined streets and well-maintained homes, contributing to the area's overall appeal.
Market Insights
The Traverse City real estate market has seen steady growth in recent years, with the average home price in the Central neighborhood currently around $328,500. This property, priced at $184 per square foot, presents a compelling investment opportunity for buyers seeking a fixer-upper with the potential for significant value appreciation.
Demand for single-family homes in the Traverse City area remains strong, driven by the region's natural beauty, thriving tourism industry, and appealing quality of life. By investing in this property and undertaking strategic renovations, buyers can capitalize on the market's current trends and potentially see a strong return on their investment.
