Sold134d on market
321 Fair St
Traverse City, MI, 49686 • 49686 • Grand Traverse County
$290,000
$256/sqft
2Beds
2Baths
1,131Sqft
0.18 acLot
1949Built
Property DNA
Waterfront Property
None
Character Home
Built 1949 · 77 years of history
Foster & Crotsers Add
49686
Market activity
Demand and pricing signals for this listing
72 views
People checking out this listing
134 days on market
Established listing
$256/sqft
Price per square foot
About this home
Single Family · Built 1949
Located in the heart of Traverse City, this 2-bedroom, 1.5-bath this home sits on a rare and highly sought-after city lot offering exceptional potential for future expansion or redevelopment. The property’s deep lot allows room for a garage addition or possibly an auxiliary dwelling unit (ADU) a unique opportunity for those looking to invest, create additional living space, or generate rental income right in town. The existing home provides comfortable living with an efficient layout and great natural light, making it ideal for full-time residents, first-time buyers, or investors looking to enhance value. The real appeal, however, lies in the versatility of the lot and location—close to downtown shopping, dining, beaches, and all that Traverse City living has to offer.
Standout features identified
Our analysis highlights great natural light, efficient layout, and deep lot as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,811/month
Principal & Interest$1,425
Property Tax$290
Insurance$97
Down payment20% ($58,000)
3%50%
Est. 6.22% rate · 30yr fixed · $232,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1949
HeatingForced Air, Natural Gas
ParkingNone, Concrete, Dirt, Alley Access
Lot7,840 sqft
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Year built1949
Stories2
Systems
HeatingForced Air, Natural Gas
RoofAsphalt
ConstructionFrame, Vinyl Siding
Water / SewerPrivate / Public Sewer
Parking & Outdoor
ParkingNone, Concrete, Dirt, Alley Access
Lot7,840 sqft
Location & Tax
Neighborhood49686
Annual tax$1,863
Parcel5158201000
Bathrooms & Fees
Full baths1
Features & details
13 categories of property features
Interior Features
Interior
Entrance Foyer
Solid Surface Counters
Mud Room
Drywall
Ceiling Fan(s)
Appliances
None
Flooring
Carpet
Laminate
Heating
Forced Air
Natural Gas
Laundry
Main Level
Fireplace
None
Accessibility
None
Exterior Features
Exterior
Sprinkler System
Parking
None
Concrete
Dirt
Alley Access
Construction
Frame
Vinyl Siding
Lot Features
Other
Metes and Bounds
Split Possible
Community
None
Other Structures
None
Room details
6 rooms detailed
Master Bedroom
Main10.9×12 ft130.8 sqft
Bedroom2
Upper12.1×14.4 ft174.24 sqft
Master Bathroom
Shared
Dining Room
Main10.9×13 ft141.7 sqft
Kitchen
Main11.8×13 ft153.4 sqft
Living Room
Main11.9×19.11 ft227.409 sqft
Listing insights
Market data and value estimates
StatusSold
Days on market134
Est. value$294,300
Est. rent$2,112/mo
Tax rate0.75%
Price/sqft$256
On marketNov 13, 2025
PostedNov 13, 2025
Last sold$290,000
MLS updatedNov 26, 2025
Tour days6
Views72
How are the schools in Traverse City?
3 schools rated nearby
Location
Traverse City, MI, 49686
Price history
4 events
DateEventPrice$/sqftSource
Nov 26, 2025Sold$290,000$256NGLRMLS
Nov 20, 2025Pending Sale$310,000$274NGLRMLS
Nov 13, 2025Price Change$810,000$716NGLRMLS
Nov 13, 2025Listed For Sale$310,000$274NGLRMLS
Sold$290,000
Nov 26, 2025•$256/sqft•NGLRMLS
Pending Sale$310,000
Nov 20, 2025•$274/sqft•NGLRMLS
Price Change$810,000
Nov 13, 2025•$716/sqft•NGLRMLS
Listed For Sale$310,000
Nov 13, 2025•$274/sqft•NGLRMLS
Tax history
23 years of records
YearTax paidAssessed value
Apr 10, 2025$1,863$155,000
Apr 10, 2024$1,732$141,300
Apr 10, 2023$1,654$111,900
Apr 10, 2022$1,621$111,200
Apr 10, 2021$1,605$100,300
Apr 10, 2020$1,600$93,500
Apr 10, 2019$1,600$84,300
Apr 10, 2018$1,567$78,900
Apr 10, 2017—$71,700
Apr 10, 2016—$64,000
Apr 10, 2014—$57,300
Apr 10, 2012—$56,500
Apr 10, 2011—$56,100
Apr 10, 2010—$60,100
Apr 10, 2009—$60,700
Apr 10, 2008—$61,360
Apr 10, 2007—$58,240
Apr 10, 2005—$55,320
Apr 10, 2004—$53,300
Apr 10, 2003—$48,100
Apr 10, 2002—$45,450
Apr 10, 2001—$43,630
Apr 10, 2000—$41,610
Nearby homes
Neighborhood details
Local context around this listing
Traverse City, MI • Grand Traverse County
Nearby neighborhoods
BoardmanCentralChums CornerDowntownGreilickvilleKids CreekOak ParkOld TowneSlab TownTraverse Heights
Nearby cities
CedarEmpireFife LakeGrawnInterlochenKingsleyMaple CitySuttons Bay
Nearby zip codes
4967349684496854968649696
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The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
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