1191 Oak Terrace Dr
Traverse City, MI 49686
3 bd 1 ba 1,530 sqft Built 1951 Lot 16,553 sqft single_family
Most recent sale
$300,000
May 6, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 6, 2022 | Sold | $300,000 | MLS #1897540 |
| Mar 15, 2022 | Listed | $289,900 | MLS #1897540 |
| Jun 30, 2009 | Listing removed | $139,000 | NGLRMLS |
| Jul 14, 2008 | Listed | $139,000 | MLS #1694798 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $96,500 | $4,312 |
| 2024 | — | — | $96,500 | $4,548 |
| 2023 | — | — | $96,600 | $4,329 |
| 2022 | — | — | $88,000 | $2,563 |
| 2021 | — | — | $67,600 | $2,003 |
| 2020 | — | — | $59,500 | $2,453 |
| 2019 | — | — | $59,200 | $2,438 |
Property facts
Year built
1951
Property type
single_family
Stories
2
Beds
3
Baths
1
Living area
1,530 sqft
Lot size
16,553 sqft
ZIP code
49686
City
Traverse City
Street
Oak Terrace Dr
Coordinates
44.72988, -85.59933
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,295
Gross rental yield
9.18%
Implied cap rate
5.97%
Trend-extrapolated value
—
Frequently asked questions
When did 1191 Oak Terrace Dr last sell?
1191 Oak Terrace Dr most recently sold on May 6, 2022 for $300,000.
What is the current tax assessment for 1191 Oak Terrace Dr?
The most recent total assessment for 1191 Oak Terrace Dr (year 2025) is $96,500 with $4,312 in property tax.
How does 1191 Oak Terrace Dr's assessment compare to its last sale price?
The current assessment is 67.8% below the last sale price of $300,000.
When was 1191 Oak Terrace Dr built?
1191 Oak Terrace Dr was built in 1951.
How does 1191 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 1191 Oak Terrace Dr?
1191 Oak Terrace Dr is a 3 bed, 1 bath, 1,530 sqft, 16,553 sqft lot single_family.
Is 1191 Oak Terrace Dr a flip candidate?
No — 1191 Oak Terrace Dr does not appear in our flips dataset.
Is 1191 Oak Terrace Dr a tax-appeal candidate?
No — 1191 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