$350,000
138 E 16 , Traverse City, MI 49684
- 3
- beds
- 2
- baths
- 1,630
- sqft
- 1947
- year built
- Status:
- Active
- MLS #:
- 70567995
- County:
- Grand Traverse
- Listed By:
- Laura Kennedy - Real Estate One Inc
- Agent Phone:
- (734) 476-8065
- Agent Email:
- LauraKennedyRealtor@GMail.com
Sponsoring Broker: Shawna Alt, First Weber
Welcome to your perfect investment opportunity in the SOFO district of Traverse City! This home started its life in 1947 as a cottage for what was just a lakeside city. Now Traverse City has bloomed to a food-city, brew-city, beach-city mecca! In fact, from this location SOuth of FOurteenth St - hence the SOFO label - you are within walking distance to Right Brain Brewery and the Traverse City Whiskey Company. For outdoor enthusiasts there is Hull Park and the Boardman Lake Trail Loop! The attic was finished to create an additional living space and is included in the tax assessment even though it is non-conforming. The original knotty pine is all still there. Most of the home needs considerable restoration. A huge covered porch area could be transformed into an amazing outdoor living space. Even the garage was converted into a seasonal living space (think: studio!). Beyond that is the remainder of the .23 acre yard for more living and parking space off the alley.
Highlights
- Residential
- Single Family Residence
- Built in 1947
- 0.24 Acre Lot
- 5 days on Market
-
- Bedrooms
- 3
-
- Bathrooms
- 2
-
- Year Built
- 1947
-
- Stories
- 2.0
-
- Construction Materials
- Wood Siding
-
- Foundation
- Slab
-
- Parking Features
- Paved
-
- Living Area
- 1630.0
-
- Appliances
- Dryer, Dishwasher, Refrigerator, Washer, Gas Water Heater
-
- Heating
- Forced Air, Natural Gas
-
- Acres
- 0.24
-
- Water
- Public
-
- Area
- Traverse City (28021)
-
- County
- Grand Traverse
-
- City
- Traverse City
-
- Zip Code
- 49684
-
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Company NMLS #: 3446
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Estimated Value
$470,934
Estimated Sales Price Range:
$381,456 - $560,411
Source: Constellation Data Labs
Price History
| 11/03/2026 | Listed | $350,000 |
| Source: Southwestern Michigan Association of REALTORS #26058346 | ||
| 11/03/2026 | Listed | $350,000 |
| Source: MiRealSource #70567995 | ||
| 11/03/2026 | Listed | $350,000 |
| Source: MiRealSource #61044011 | ||
Source: MLS Data
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Similar Listings
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There are currently 300 properties available in Traverse City, with 16 under contract to close soon. Properties in the city have an average sale price of $895,662 and typically spend 105 days on the market before being sold.
Want to compare this property to others available for sale in the area? Use our search to find exactly what you want among our 2,000,000+ listings and to see incredible photos to show you what is possible.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 138 E 16?
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How do I get more information about 138 E 16?
Click Ask a Question to talk with our team. You already know it is a 3 bed, 2 bath, listed for $350,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Traverse City, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 138 E 16?
With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 138 E 16 at around $2,088. This includes estimated property taxes and insurance.
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How do I get pre-approved to buy 138 E 16?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Grand Traverse County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 138 E 16?
In most cases, yes. Whether 138 E 16 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Traverse City's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 138 E 16?
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You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $350,000 with 1,630 sqft of space—that comes out to approximately $215 per square foot.
How long has this property been on the market?
138 E 16 was listed on November 03, 2026, which means it's been on the market for 5 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1947, making it approximately 79 years old.
What is the lot size of this property?
138 E 16 sits on a 0.24-acre lot, which is 10,454 square feet.
What are the property taxes for 138 E 16?
The most recent public record shows annual property taxes for 138 E 16 were approximately $2,278. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 138 E 16 still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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