This home's estimate is 31.2% lower than the average sale price ($446K) of 5 comparable homes.
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- Sale & tax history
- Property details
- Neighborhood
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116 Mathison Rd #5, Traverse City, MI 49686
About this home
Great location at base of Old Mission Peninsula. . 2 BRs/2 baths with finished basement. In need of some cosmetic updates - but a great price. Fireplace, central air, main floor bedrooms and abundant sunshine pouring in. Close to all TC amenities. One car garage with ample storage space. Nice setting, facing south and west for afternoon sun. Pets allowed.

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Market trends in 49686, MI
Last updated July 2026
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Sale history for 116 Mathison Rd #5
$256/sq ft
$256/sq ft
$250/sq ft
$250/sq ft
Great location at base of Old Mission Peninsula. . 2 BRs/2 baths with finished basement. In need of some cosmetic updates - but a great price. Fireplace, central air, main floor bedrooms and abundant sunshine pouring in. Close to all TC amenities. One car garage with ample storage space. Nice setting, facing south and west for afternoon sun. Pets allowed.
$159/sq ft
$159/sq ft
Tired of apartment living? You will want to make this completely redone ranch style condo your new home. Bright and open living area w/ natural FP, C/A, attached garage, patio for entertaining. Full finished basement w/ 3rd non-conforming BR and additional bath. Close TC amenities and at base of Old Mission Peninsula.
$123/sq ft
$136/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Property details
Parking
- Parking/Garage Information
- Has Garage
- # of Parking Spaces in Garage: 1
- Garage Type: Attached Garage, Gar Door Opener
- Parking: Garage
Interior
- Interior Features
- Appliances: Dishwasher, Disposal, Dryer, Range/Oven, Refrigerator, Washer
- Has Fireplace
- Bedroom Information
- Bedroom 1 Level: Main
- Bedroom 1 Dimensions: 12 x 11
- Bedroom 1 Floor Covering: Carpet
- Bedroom 1 Floor Covering: Carpet
- Bedroom 2 Level: Main
- Bedroom 2 Dimensions: 12 x 9
- Bedroom 2 Floor Covering: Carpet
- Bedroom 3 Level: Lower
- Bedroom 3 Dimensions: W=10
- Bedroom 3 Floor Covering: Carpet
- Bathroom Information
- # of Bathrooms (Full): 2
- # of Baths/Lavatories (Total): 2
- Dining/Kitchen Information
- Dining Room Floor Covering: Carpet
- Kitchen Level: Main
- Kitchen Dimension: 10 x 8
- Dining Room Level: Main
- Family/Great Room Information
- Family Room Floor Covering: Carpet
- Family Room Level: Lower
- Family Room Dimensions: 14 x 11
- Library/Den/Living Room Information
- Living Room Floor Covering: Carpet
- Living Room Level: Main
- Living Room Dimensions: L=25
- Laundry/Basement Information
- Basement : Has Basement
- Basement Type: Block, Full, Partially Finished
- Laundry Room Level: Lower
Exterior
- Exterior Features
- Exterior Construction: Brick, Vinyl Siding
- Exterior Features: Lawn Sprinkler, Patio
- Property Features
- Water Features: None
- Property Information
- Unit/Building Number: 5
- Property Type: Condominium
- Structure Style: 1 Story
- Year Built: 1979
- Below Grade Sq. Ft.: 800
- Below Grade Sq. Ft. (Finished): 700
- Lot Information
- Zoning: Residential
Financial
- Tax/Assessments Information
- Total Tax Amount: $2,775
- Summer Tax Year: 2013
- Summer Tax Amount: $2,252
- Winter Tax Year: 2013
- Winter Tax Amount: $523
Utilities
- Utility Information
- Heat/Fuel Type: Natural Gas
- Water: Public Water
- Cooling System: Central A/C
- Heating System: Forced Air
- Sewer Septic: Community
Location
- Unit 5 Information
- Living Room Dimensions: L=1500
- Homeowners Association Information
- Association Fee Includes: Lawn Maintenance, Snow Removal, Water/Sewer, Exterior Maintenance
- Association/Community Amenities: Grounds Maintenance
- Fee Amount: $270
- Fee Schedule: Monthly
- School Information
- School District: Traverse City Area Public School
- School District: Traverse City Area Public School
- Elementary School: Eastern Elementary School
- High School: Traverse City High School
- Location Details
- Municipality: Peninsula Twp
- Mail City: Traverse City
- Subdivision: Cherrywood Commons
- Municipality: Peninsula Twp
- Area (Municipality): Peninsula Twp (28011)
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: —
- Style: Condo/Co-op
- Year Built: —
- Year Renovated: —
- County: Grand Traverse County
- APN: 28-11-451-005-00
Around this home
Schools Places Transit
Public PreK-5 • Assigned • 1.5mi
Public 8-12 • Assigned • 1.6mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 95° expected this year, 14 days in 30 years
Minimal risk of severe winds over next 30 years
1 unhealthy days expected this year, 1 days in 30 years
Sun exposure
In this area, properties receive around 9.5 hours in June and 2.3 hours in December, placing it below the U.S. average for solar exposure.
Sell confidently with a local market expert in Traverse City. 3 minutes to get started.
Nearby similar homes
New listings for sale in 49686
Home values near 116 Mathison Rd #5
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 1500 Sq. Ft. | $313,477 |
2 Beds | 1 Baths | 850 Sq. Ft. | $283,996 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 1251 Sq. Ft. | $307,348 |
2 Beds | 1 Baths | 1440 Sq. Ft. | $348,905 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 806 Sq. Ft. | $297,298 |
2 Beds | 1 Baths | 1064 Sq. Ft. | $343,963 |
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