2473 US Highway 31
Traverse City, MI 49686
3 bd 2 ba 1,641 sqft Built 1985 condos
Most recent sale
$682,355
Apr 11, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 11, 2022 | Sold | $682,355 | MLS #1896922 |
| Feb 17, 2022 | Listed | $549,999 | MLS #1896922 |
| Oct 10, 2006 | Sold | $294,000 | Public Record |
| Mar 10, 2006 | Sold | $294,000 | Public Record |
| Jan 1, 2006 | Sold | $294,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $382,200 | $13,673 |
| 2024 | — | — | $382,200 | $13,308 |
| 2023 | — | — | $282,000 | $12,588 |
| 2022 | — | — | $221,500 | $4,310 |
| 2021 | — | — | $171,800 | $3,397 |
| 2020 | — | — | $159,800 | $4,098 |
| 2019 | — | — | $164,300 | $4,079 |
Property facts
Year built
1985
Property type
condos
Stories
—
Beds
3
Baths
2
Living area
1,641 sqft
Lot size
—
ZIP code
49686
City
Traverse City
Street
US Highway 31
Coordinates
44.74727, -85.52786
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
$2,462
Gross rental yield
4.33%
Implied cap rate
2.81%
Trend-extrapolated value
—
Frequently asked questions
When did 2473 US Highway 31 last sell?
2473 US Highway 31 most recently sold on Apr 11, 2022 for $682,355.
What is the current tax assessment for 2473 US Highway 31?
The most recent total assessment for 2473 US Highway 31 (year 2025) is $382,200 with $13,673 in property tax.
How does 2473 US Highway 31's assessment compare to its last sale price?
The current assessment is 44.0% below the last sale price of $682,355.
When was 2473 US Highway 31 built?
2473 US Highway 31 was built in 1985.
How does 2473 US Highway 31 compare to others on US Highway 31?
We track 8 other properties on US Highway 31. Browse the list under "Other properties on US Highway 31" to compare beds, baths, and sale history.
What are the property facts for 2473 US Highway 31?
2473 US Highway 31 is a 3 bed, 2 bath, 1,641 sqft condos.
Is 2473 US Highway 31 a flip candidate?
No — 2473 US Highway 31 does not appear in our flips dataset.
Is 2473 US Highway 31 a tax-appeal candidate?
No — 2473 US Highway 31 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 US Highway 31