701 E State Street # D
Traverse City, MI, 49686 $ 585,000
Bedrooms3 Baths2.0 Sq 1,350 Monthly Estimate*
$ 3,694
for $585,000 with 3 bedrooms and 2 full baths. This 1,350 square foot condo was built in 2009 on a lot size of 0.05.
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 keeping you within an easy walk or bike ride of downtown restaurants, coffee shops, Front Street shopping, farmers markets, the TART Trail, Grand Traverse Bay, Sunset Beach, and many of the places that make Traverse City such a great place to live. 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.
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FeaturesGeneralSewer Public
Heating Forced Air
Cooling Central Air
Possession Close Plus 30 Days
Roof Asphalt
Appliances Dishwasher Disposal Dryer Oven Range Refrigerator Washer
HOA Fee 350.0
Garage Spaces 1.0
Association Fee Includes Snow Removal Lawn/Yard Care
Architectural Style Contemporary
Construction Materials HardiPlank Type Stone
Year Built 2009
Stories Count 2
Township Traverse City
Unit Number D
Property Subtype Condominium
Tax Year 2025
Assoc Fee Paid Per Monthly
County Grand Traverse County
New Construction N
Property Type Residential
HOA Y
Attached Garage Y
Subdivision Name State Street Commons
Garage Y/N Y
Total Rooms 7
Full Baths 2
Status Active
Directions Take East Front Street to Hope Street and turn West onto State Street. The property is on the NE corner of State Street & Railroad Avenue. Directly across from F&M Park.
City Traverse City
High School District Traverse City
Lot Size Units Acres
Lot Size Square Feet 2295.0
Carport Y/N N
Listing Terms Cash FHA VA Loan Conventional
Land Lease Y/N N
Tax Annual Amount 5323.39
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 140057
Legal Description UNIT 9 - STATE STREET COMMONS GTC CONDO SUB PLAN NO 345 2008C-00030 MASTER DEED FILED 07/21/2008. 2008C-00032 1ST AMENDED & RESTATED MASTER DEED FILED 07/31/2008. 2008C-00038 1ST AMENDMENT TO 1ST AME
Senior Community None
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InteriorBasement Full
Total Fireplaces 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Half Baths 0
Laundry Features Main Level
Total Bedrooms 3
Below Grade Finished Area 0.0
Main Level Bedrooms 2
Total Baths 2
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ExteriorParking Features Garage Door Opener Attached
Water Source Public
Lot Size Area 0.05
Spa N
Building Area Total 1350.0
Lot Size Acres 0.05
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByReal Estate One BeulahBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,694
- Monthly Property Taxes
- $444
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Traverse City, MI
Average List Price $748,786
Percent of Sale Price 28%
About Traverse City, MI 15,817 Population
7% Since 2002
$ 49,237 Median Income
41.86 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
4593364 Elementary School
4593362 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/3/2026 | $585,000 | | Listed Price |