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    515 Georgetown Dr Traverse City, MI 49684

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    For Sale
    $227,500

    Two-bedroom condo near beaches, trails, restaurants, and shopping.

    Property size:
    917 SF

    Property Features for 515 Georgetown Dr

    General Information

    Size
    917 SF

    Building Details

    Year built
    1985

    Source: Keller Williams First Agent Meghan Zammit

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cozy Condo Near Downtown

    This is a 2-bedroom, 1.5-bath condo offering low-maintenance living. The property is located less than a mile from downtown and near beaches, trails, restaurants, and shopping. It includes a covered carport and additional storage. The property size is 917 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.6315584
    Latitude
    44.7490825

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    FAQs

    What type of property is this?
    Apartment building - Two-bedroom condo near beaches, trails, restaurants, and shopping.
    Where is this apartment building located?
    The property is located at 515 Georgetown Dr Traverse City, MI.
    What is the asking price?
    The asking price for this property is $227,500.
    What are key features of this property?
    This property features: - Prime Location: Less than a mile from downtown Traverse City, offering easy access to beaches, trails, restaurants, and shopping.; - Low-Maintenance Living: Condo lifestyle provides a hassle-free living experience.; - Rental Restrictions: Only 2 rentals allowed per building, both currently occupied, ensuring a stable community.
    (231) 929-7900
    Request Owner's contact information
    515 Georgetown Dr Traverse City, MI 49684
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    515 Georgetown Dr Traverse City, MI 49684
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