Bi-level property on 2.4 acres located in the beautiful city of Traverse City, Michigan offering a fantastic opportunity for both homeowners and investors. One of the standout features of this property is its prime location. Situated adjacent to a county-owned nature preserve, you'll have direct access to the scenic Boardman River and the Boardman Ottawa River Trail right from your own backyard. Nature lovers and outdoor enthusiasts will truly appreciate this unique feature. As you approach the front yard, you'll be greeted by a mature weeping pink cherry tree that adds a touch of elegance and charm to the property. The landscaped yard also includes a lighted walkway, waterfall pond, fountain, field stone accent edging, and a sprinkler system - creating a serene and picturesque setting. Inside the home boasts a wood fireplace on each level, providing warmth and coziness during the colder months. The living room opens up to an elevated walk-out deck, offering the perfect spot for relaxation and outdoor entertainment. Newly refinished oak flooring on the main level is the perfect match for any interior design plan and a spacious kitchen has the potential to be a chef's delight. Downstairs, you'll discover a retro Rec Room complete with a wet bar - perfect for hosting gatherings or enjoying some downtime. With its versatile layout and ample space, this property has limitless possibilities as either a single-family compound or an exceptional rental income opportunity.
Single-familyProperty Type
1967Year Built
2.4 acresLot Size
$183Est. Price/Sq.Ft.
2 car garageParking
Listed by Mark Hagan• Coldwell Banker Schmidt Traverse City
•231-922-2350 (broker)
•tracy@schmidthq.com (broker)
Bought with Kimberly Kamrow• Keller Williams Northern Michigan
Bi-level property on 2.4 acres located in the beautiful city of Traverse City, Michigan offering a fantastic opportunity for both homeowners and investors. One of the standout features of this property is its prime location. Situated adjacent to a county-owned nature preserve, you'll have direct access to the scenic Boardman River and the Boardman Ottawa River Trail right from your own backyard. Nature lovers and outdoor enthusiasts will truly appreciate this unique feature. As you approach the front yard, you'll be greeted by a mature weeping pink cherry tree that adds a touch of elegance and charm to the property. The landscaped yard also includes a lighted walkway, waterfall pond, fountain, field stone accent edging, and a sprinkler system - creating a serene and picturesque setting. Inside the home boasts a wood fireplace on each level, providing warmth and coziness during the colder months. The living room opens up to an elevated walk-out deck, offering the perfect spot for relaxation and outdoor entertainment. Newly refinished oak flooring on the main level is the perfect match for any interior design plan and a spacious kitchen has the potential to be a chef's delight. Downstairs, you'll discover a retro Rec Room complete with a wet bar - perfect for hosting gatherings or enjoying some downtime. With its versatile layout and ample space, this property has limitless possibilities as either a single-family compound or an exceptional rental income opportunity.
REALCOMP #78080047277
Jan 29, 2025
Sold
$375,000
$161/sq ft
Jan 10, 2025
Contingent
—
Dec 12, 2024
Price Changed
$375,000
$161/sq ft
Sep 20, 2024
Price Changed
$397,500
$171/sq ft
Jun 19, 2024
Listed
$425,000
$183/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,709 (+2.5%)
2024
$2,643 (+5.1%)
2023
$2,515 (+4.2%)
2022
$2,413 (+3.4%)
2021
$2,333 (+0.9%)
2020
$2,313 (−0.2%)
2019
$2,318
Tax history for 359 N Keystone Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,709 (+2.5%)
2024
$2,643 (+5.1%)
2023
$2,515 (+4.2%)
2022
$2,413 (+3.4%)
2021
$2,333 (+0.9%)
2020
$2,313 (−0.2%)
2019
$2,318
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
2.4 Acres
Year renovated
—
Sq. Ft.
2,324
Year built
1967
Style
Single Family Residential
County
Grand Traverse County
APN
05-034-020-00
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 3, 2026.
R-R
Rural Residential District
The R-R Rural Residential districts provide areas for predominantly low density one family residential dwelling units that will harmonize with the natural resource capabilities of the Township. The districts are intended to be semi-rural in character and include areas of the Township where: public water and sewer facilities are not now available and are likely to remain without services indefinitely; and 2. natural resources and environmental conditions, such as hillsides, scenic areas, wetlands and shorelands, tend to make more intensive types of urbanized development destructive to environmental values.