701 E State StreetTraverse City, MI 49686
STATE STREET COMMONS · GrandTraverse County
Description
Enjoy the best of downtown Traverse City living from this perfectly set 3-bedroom, 2-bath condo in the State Street Commons. Located directly across from F&M Park, the setting offers a neighborhood feel while putting you close to downtown restaurants, coffee shops, Front Street shopping, farmers markets, the TART Trail, Grand Traverse Bay, Sunset Beach, and Cherry Capital Airport. This location makes it easy to enjoy downtown while also offering convenient access for travel. Inside, the bright and comfortable floor plan features an open living area with a gas fireplace, spacious kitchen, and flexible living space with plenty of room for owners and guests. The lower level adds additional versatility and works well for overnight guests, an office, family room, or additional private living space. One of the seller's favorite features is the private balcony overlooking the surrounding neighborhood and F&M Park-a great spot for morning coffee, relaxing at the end of the day, or simply taking in the activity of downtown Traverse City. Parking and storage are another real advantage. The deep attached one-car garage provides room for a vehicle, bikes and recreational gear, and this unit also includes space for two additional vehicles parked tandem outside-a parking setup unique within the association. The association requires a minimum one-year rental term, helping preserve a quieter, more residential atmosphere while still offering the flexibility of long-term rental use. Whether you are looking for a year-round residence or a low-maintenance Northern Michigan getaway, this condo offers a hard-to-beat combination of location, comfortable living space, outdoor space, storage, and parking just steps from downtown Traverse City.
Property Information
- Property type
- Residential
- Sub-type
- Condominium
- Style
- RaisedRanch
- Year built
- 2009
- Living area
- 1,350 Sq Ft
- Garage spaces
- 1
- Days on market
- 15
- MLS® Listing#
- 78080073137
Property Features
- Interior
- Pantry · Walk-In Closet(s)
- Exterior
- Balcony
- Appliances
- Gas Water Heater · Dishwasher · Disposal · Dryer · Microwave · Oven · Refrigerator · Range · Washer
- Cooling
- Central Air · Exhaust Fan
- Heating
- Forced Air · Natural Gas
- Fireplace
- Gas
- Parking
- Attached · Garage
- Lot features
- Corner Lot
- Construction
- Cement Siding · Stone
- Foundation
- Slab
- Sewer
- Shared Septic
- Water source
- Public
Rooms
Main
- Bedroom 113.0 x 11.0
- Bedroom 210.0 x 12.0
- Dining Room8.0 x 12.0
- Kitchen11.0 x 12.0
- Laundry10.0 x 5.0
- Living Room13.0 x 15.0
Lower
- Bedroom 318.0 x 15.0
Financial Details
- HOA
- $350 / Monthly
- Annual taxes
- $5,323
- Assessed value
- $143,838
- Parcel number
- 285147900900
Listing Courtesy: REO-TCBeulah-Frankfort-233027 - 2318824449
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Traverse City Market Statistics
How this home compares to 602 active listings in Traverse City, MI
| Traverse City median | This listing | |
|---|---|---|
| Median listing price | $547,368 | $585,000 |
| Median days on market | 77 | 15 |
| Median Sq Ft | 1,521 | 1,350 |
| Median price / Sq Ft | $359 | $433 |
Market statistics compiled from active EXIT Realty® and MLS listings in Traverse City, MI.
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 701 E State Street, Traverse City, MI | $585,000 | 3 | 2 | 1,350 |
| 701 E State Street D, Unknown, MI | $585,000 | 3 | 2 | 1,350 |
| 151 E Railroad Avenue, Traverse City, MI | $585,000 | 3 | 3 | 1,303 |
| 707 E State Street, Traverse City, MI | $580,000 | 3 | 3 | 1,302 |












