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2885 Princeton Drive

Traverse City, MI 49684

4 bd 2 ba 1,728 sqft Built 1973 Lot 15,645 sqft multi_family
Most recent sale
$342,500
Sep 15, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Dec 29, 2023 Sold $355,000 Waterwonderland
Sep 29, 2023 Listed $399,900 Waterwonderland
Sep 15, 2022 Sold $342,500 MLS #201820548
Aug 12, 2022 Listed $350,000 MLS #201820548
Jan 1, 2016 Sold $140,000 Public Record
Feb 20, 1998 Sold $99,900 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2021 $97,100 $1,999
2020 $81,600 $2,667

Property facts

Year built
1973
Property type
multi_family
Stories
Beds
4
Baths
2
Living area
1,728 sqft
Lot size
15,645 sqft
ZIP code
49684
City
Traverse City
Street
Princeton Drive
Coordinates
44.73232, -85.63305

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,592
Gross rental yield
9.08%
Implied cap rate
5.90%
Trend-extrapolated value

Frequently asked questions

When did 2885 Princeton Drive last sell?
2885 Princeton Drive most recently sold on Sep 15, 2022 for $342,500.
What is the current tax assessment for 2885 Princeton Drive?
The most recent total assessment for 2885 Princeton Drive (year 2021) is $97,100 with $1,999 in property tax.
How does 2885 Princeton Drive's assessment compare to its last sale price?
The current assessment is 71.6% below the last sale price of $342,500.
When was 2885 Princeton Drive built?
2885 Princeton Drive was built in 1973.
How does 2885 Princeton Drive compare to others on Princeton Drive?
We do not currently track other properties on Princeton Drive.
What are the property facts for 2885 Princeton Drive?
2885 Princeton Drive is a 4 bed, 2 bath, 1,728 sqft, 15,645 sqft lot multi_family.
Is 2885 Princeton Drive a flip candidate?
No — 2885 Princeton Drive does not appear in our flips dataset.
Is 2885 Princeton Drive a tax-appeal candidate?
No — 2885 Princeton Drive is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-3.3%
Implied 1-yr
-13.3%
2026 Q3
$343.4K
2026 Q4
$328.9K
ZIP 49684 — Median Price History + Forecast

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