504 Terrace Dr
Traverse City, MI 49686
3 bd 1 ba 960 sqft Built 1955 Lot 10,890 sqft single_family
Most recent sale
$270,000
Nov 16, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 21, 2022 | Listing removed | — | NGLRMLS |
| Nov 18, 2022 | Listed | $285,000 | NGLRMLS |
| Nov 16, 2022 | Sold | $270,000 | NGLRMLS |
| Nov 2, 2022 | Price changed | $285,000 | NGLRMLS |
| Oct 24, 2022 | Price changed | $292,000 | NGLRMLS |
| Oct 6, 2022 | Listed | $300,000 | NGLRMLS |
| May 3, 2019 | Sold | $198,000 | NGLRMLS |
| Mar 19, 2019 | Listed | $198,500 | NGLRMLS |
| Jul 26, 2017 | Sold | $87,000 | NGLRMLS |
| Jan 1, 2013 | Sold | $134,900 | Public Record |
| Oct 2, 2012 | Listed | $96,000 | NGLRMLS |
| Jan 1, 2012 | Sold | $87,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | — | — | $98,500 | $3,547 |
| 2021 | — | — | $93,900 | $3,475 |
| 2020 | — | — | $92,300 | $3,442 |
| 2019 | — | — | $70,500 | $2,113 |
| 2006 | — | — | $60,290 | $1,648 |
Property facts
Year built
1955
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
960 sqft
Lot size
10,890 sqft
ZIP code
49686
City
Traverse City
Street
Terrace Dr
Coordinates
44.75832, -85.58443
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,440
Gross rental yield
6.40%
Implied cap rate
4.16%
Trend-extrapolated value
—
Frequently asked questions
When did 504 Terrace Dr last sell?
504 Terrace Dr most recently sold on Nov 16, 2022 for $270,000.
What is the current tax assessment for 504 Terrace Dr?
The most recent total assessment for 504 Terrace Dr (year 2022) is $98,500 with $3,547 in property tax.
How does 504 Terrace Dr's assessment compare to its last sale price?
The current assessment is 63.5% below the last sale price of $270,000.
When was 504 Terrace Dr built?
504 Terrace Dr was built in 1955.
How does 504 Terrace Dr compare to others on Terrace Dr?
We track 8 other properties on Terrace Dr. Browse the list under "Other properties on Terrace Dr" to compare beds, baths, and sale history.
What are the property facts for 504 Terrace Dr?
504 Terrace Dr is a 3 bed, 1 bath, 960 sqft, 10,890 sqft lot single_family.
Is 504 Terrace Dr a flip candidate?
No — 504 Terrace Dr does not appear in our flips dataset.
Is 504 Terrace Dr a tax-appeal candidate?
No — 504 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 Terrace Dr