976 Lake Ridge Dr
Traverse City, MI 49684
3 bd 3 ba 1,454 sqft Built 2016 condos
Most recent sale
$525,000
May 12, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 24, 2025 | Sold | $550,000 | NGLRMLS |
| Jan 4, 2025 | Price changed | $565,000 | NGLRMLS |
| Dec 3, 2024 | Listed | $570,000 | NGLRMLS |
| Oct 19, 2024 | Price changed | $575,000 | NGLRMLS |
| Sep 14, 2024 | Listed | $585,000 | NGLRMLS |
| May 12, 2022 | Sold | $525,000 | MLS #1898946 |
| Apr 27, 2022 | Listed | $525,000 | MLS #1898946 |
| Dec 17, 2020 | Sold | $390,000 | MLS #1880363 |
| Sep 28, 2020 | Listed | $399,900 | MLS #1880363 |
| Sep 30, 2016 | Sold | $263,800 | MLS #1812596 |
| May 5, 2016 | Listed | $259,900 | MLS #1812596 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $156,000 | $5,136 |
| 2020 | — | — | $152,500 | $7,808 |
Property facts
Year built
2016
Property type
condos
Stories
—
Beds
3
Baths
3
Living area
1,454 sqft
Lot size
—
ZIP code
49684
City
Traverse City
Street
Lake Ridge Dr
Coordinates
44.75344, -85.61672
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
$2,181
Gross rental yield
4.99%
Implied cap rate
3.24%
Trend-extrapolated value
—
Frequently asked questions
When did 976 Lake Ridge Dr last sell?
976 Lake Ridge Dr most recently sold on May 12, 2022 for $525,000.
What is the current tax assessment for 976 Lake Ridge Dr?
The most recent total assessment for 976 Lake Ridge Dr (year 2021) is $156,000 with $5,136 in property tax.
How does 976 Lake Ridge Dr's assessment compare to its last sale price?
The current assessment is 70.3% below the last sale price of $525,000.
When was 976 Lake Ridge Dr built?
976 Lake Ridge Dr was built in 2016.
How does 976 Lake Ridge Dr compare to others on Lake Ridge Dr?
We track 8 other properties on Lake Ridge Dr. Browse the list under "Other properties on Lake Ridge Dr" to compare beds, baths, and sale history.
What are the property facts for 976 Lake Ridge Dr?
976 Lake Ridge Dr is a 3 bed, 3 bath, 1,454 sqft condos.
Is 976 Lake Ridge Dr a flip candidate?
Yes — 976 Lake Ridge Dr appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 976 Lake Ridge Dr a tax-appeal candidate?
No — 976 Lake Ridge Dr 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 Lake Ridge Dr