Welcome to Ivy Terrace, in the heart of downtown Traverse City! This modern condo fits a wide array of lifestyles and uses... a primary residence for those seeking the ultimate low-maintenance lifestyle, or a second home with the ideal location for exploring the best of Traverse City, or a profitable short term rental. This condo had a nightly average rental rate of $313/night (May-September 2022 and 2023), while being marketed as a 2 person max rental (4 person rental is allowed). Enjoy the more spacious bedroom offered with the single bedroom layout, easily accommodating a king size bed (as compared to the 2 bed layout with much smaller bedrooms). The best restaurants & shops of downtown TC are within easy walking distance. Also nearby: Clinch Park & public beaches along West Bay, and the TART Trail. High end finishes throughout the unit including hardwood floors, granite counters & stainless steel appliances. There's plenty of room for two separate work-from-home areas, making it the ideal remote-work getaway for two professionals. The unit has been meticulously maintained and recent updates include new paint throughout the unit in 2021/2022, new carpeting in 2021 and routine cleaning/maintenance on all major appliances. Ivy Terrace stands out among other downtown condo developments with exterior access to the condos instead of interior access and the smaller size of the association (only 16 total units). This unit has an especially convenient location within the development, as it is located on the same level as the Old Town Parking Garage walkway/bridge, so no stairs required. Parking in Old Town Garage is $30/month per car. Three night minimum stay for rentals.
Sold for $375,000
$375,000
119 E 8th St APT 5, Traverse City, MI 49684
1beds
917sqft
Condominium, Single Family Residence, Apartment
Built in 2013
-- sqft lot
$384,200 Zestimate®
$409/sqft
$2,160 Estimated rent
Home value
$384,200
$361,000 - $407,000
$2,160/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 15, 2024 at 08:12am
Listed by:
Shawn Schmidt Cell:231-499-1990,
Coldwell Banker Schmidt-522,
Carly Petrucci,
Coldwell Banker Schmidt-522
Bought with:
Jennifer Sterling, 6501408090
Sterling Realty Alpha
Source: NGLRMLS,MLS#: 1916909
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Level: Main
- Area: 121
- Dimensions: 11 x 11
Primary bathroom
- Features: Private
Kitchen
- Level: Main
- Area: 150
- Dimensions: 15 x 10
Living room
- Level: Main
- Area: 210
- Dimensions: 15 x 14
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer
- Laundry: Main Level
Features
- Pantry, Granite Bath Tops, Granite Counters, Kitchen Island, Den/Study, Drywall, Ceiling Fan(s), Cable TV, High Speed Internet
- Flooring: Wood, Carpet, Tile
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 917
- Total interior livable area: 917 sqft
- Finished area above ground: 917
- Finished area below ground: 0
Property
Parking
- Parking features: Other, Concrete, Shared Driveway
Accessibility
- Accessibility features: Accessible Doors, Accessible Hallway(s), Accessible Approach with Ramp, Accessible Elevator Installed
Features
- Entry location: Stairway (Indoor),Elevator,No Steps,Second Floor Level
- Exterior features: Sprinkler System, Sidewalk
- Waterfront features: None
Lot
- Features: Other
Details
- Additional structures: None
- Parcel number: 5170300500
- Zoning description: Residential
Construction
Type & style
- Home type: Condo
- Architectural style: Apartment
- Property subtype: Condominium, Single Family Residence, Apartment
- Attached to another structure: Yes
Materials
- Frame, Stone, Cement Siding, Brick, Block
- Foundation: Poured Concrete
- Roof: Membrane
Condition
- New construction: No
- Year built: 2013
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Pets Allowed, Common Area
Location
- Region: Traverse City
- Subdivision: Ivy Terrace
HOA & financial
HOA
- HOA fee: $4,200 annually
- Services included: Trash, Snow Removal, Maintenance Grounds, Maintenance Structure, Liability Insurance, Fire Insurance
Other
Other facts
- Listing agreement: Exclusive Right Sell
- Price range: $375K - $375K
- Listing terms: Conventional,Cash
- Ownership type: Private Owner
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 3/15/2024 | Sold | $375,000-2.6%$409/sqft |
Source:  NGLRMLS #1916909 Report a problem | ||
| 12/6/2023 | Price change | $385,000-1%$420/sqft |
Source: NGLRMLS #1916909 Report a problem | ||
| 11/9/2023 | Price change | $389,000-2.5%$424/sqft |
Source: NGLRMLS #1916909 Report a problem | ||
| 10/19/2023 | Listed for sale | $399,000-5%$435/sqft |
Source: NGLRMLS #1916909 Report a problem | ||
| 10/15/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,497 +6.6% | $189,800 -2.4% |
| 2024 | $8,906 +4.8% | $194,500 +11.1% |
| 2023 | $8,497 +91.6% | $175,100 +16.2% |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 7/10Central Grade SchoolGrades: PK-6Distance: 0.2 mi
- 9/10Central High SchoolGrades: 8-12Distance: 1.8 mi
- 8/10East Middle SchoolGrades: 6-8Distance: 4.8 mi
Schools provided by the listing agent
- District: Traverse City Area Public Schools
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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