515 Elmwood Ave
Traverse City, MI 49684
6 bd 5 ba 5,196 sqft Built 1940 Lot 16,553 sqft single_family
Most recent sale
$1,600,000
Aug 5, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 5, 2022 | Sold | $1,600,000 | MLS #1901917 |
| Jun 30, 2022 | Listed | $1,500,000 | MLS #1901917 |
| Jun 23, 2011 | Sold | $590,000 | Public Record |
| Jan 1, 2011 | Sold | $590,000 | Public Record |
| Jul 15, 2002 | Sold | $480,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $405,800 | $11,064 |
| 2020 | — | — | $397,800 | $12,362 |
| 2019 | — | — | $390,300 | $12,320 |
Property facts
Year built
1940
Property type
single_family
Stories
2
Beds
6
Baths
5
Living area
5,196 sqft
Lot size
16,553 sqft
ZIP code
49684
City
Traverse City
Street
Elmwood Ave
Coordinates
44.76970, -85.63988
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$7,794
Gross rental yield
5.85%
Implied cap rate
3.80%
Trend-extrapolated value
—
Frequently asked questions
When did 515 Elmwood Ave last sell?
515 Elmwood Ave most recently sold on Aug 5, 2022 for $1,600,000.
What is the current tax assessment for 515 Elmwood Ave?
The most recent total assessment for 515 Elmwood Ave (year 2021) is $405,800 with $11,064 in property tax.
How does 515 Elmwood Ave's assessment compare to its last sale price?
The current assessment is 74.6% below the last sale price of $1,600,000.
When was 515 Elmwood Ave built?
515 Elmwood Ave was built in 1940.
How does 515 Elmwood Ave compare to others on Elmwood Ave?
We track 8 other properties on Elmwood Ave. Browse the list under "Other properties on Elmwood Ave" to compare beds, baths, and sale history.
What are the property facts for 515 Elmwood Ave?
515 Elmwood Ave is a 6 bed, 5 bath, 5,196 sqft, 16,553 sqft lot single_family.
Is 515 Elmwood Ave a flip candidate?
No — 515 Elmwood Ave does not appear in our flips dataset.
Is 515 Elmwood Ave a tax-appeal candidate?
No — 515 Elmwood Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-3.3%
Implied 1-yr
-13.3%
2026 Q3
$343.4K
2026 Q4
$328.9K
ZIP 49684 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Elmwood Ave