1080 Oak Terrace Dr
Traverse City, MI 49686
3 bd 2 ba 1,340 sqft Built 1950 Lot 11,761 sqft single_family
Most recent sale
$273,000
Sep 23, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 2, 2025 | Sold | $318,900 | NGLRMLS |
| Jan 2, 2025 | Price changed | $318,900 | NGLRMLS |
| Dec 1, 2024 | Listed | $324,900 | NGLRMLS |
| Nov 2, 2023 | Listed for rent | $1,775 | AppfolioUnits |
| Sep 23, 2022 | Sold | $273,000 | MLS #1904130 |
| Aug 23, 2022 | Listed | $268,000 | MLS #1904130 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $59,200 | $825 |
| 2020 | — | — | $52,300 | $1,184 |
Property facts
Year built
1950
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,340 sqft
Lot size
11,761 sqft
ZIP code
49686
City
Traverse City
Street
Oak Terrace Dr
Coordinates
44.73040, -85.59713
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
$2,010
Gross rental yield
8.84%
Implied cap rate
5.74%
Trend-extrapolated value
—
Frequently asked questions
When did 1080 Oak Terrace Dr last sell?
1080 Oak Terrace Dr most recently sold on Sep 23, 2022 for $273,000.
What is the current tax assessment for 1080 Oak Terrace Dr?
The most recent total assessment for 1080 Oak Terrace Dr (year 2021) is $59,200 with $825 in property tax.
How does 1080 Oak Terrace Dr's assessment compare to its last sale price?
The current assessment is 78.3% below the last sale price of $273,000.
When was 1080 Oak Terrace Dr built?
1080 Oak Terrace Dr was built in 1950.
How does 1080 Oak Terrace Dr compare to others on Oak Terrace Dr?
We track 8 other properties on Oak Terrace Dr. Browse the list under "Other properties on Oak Terrace Dr" to compare beds, baths, and sale history.
What are the property facts for 1080 Oak Terrace Dr?
1080 Oak Terrace Dr is a 3 bed, 2 bath, 1,340 sqft, 11,761 sqft lot single_family.
Is 1080 Oak Terrace Dr a flip candidate?
No — 1080 Oak Terrace Dr does not appear in our flips dataset.
Is 1080 Oak Terrace Dr a tax-appeal candidate?
No — 1080 Oak Terrace 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
-5.2%
Implied 1-yr
-20.6%
2026 Q3
$392.9K
2026 Q4
$362.5K
ZIP 49686 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Oak Terrace Dr