$1,000,720
$18K since September
This home's estimate is 139.1% higher than the average sale price ($418K) of 6 comparable homes.
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Off market
$1,000,720
—
bd•
1.5 ba
•
1,688
sq ft
551 Lakewood Rd, Traverse City, MI 49685
About this home
551 Lakewood Rd is a 1,688 square foot house on a 1.01 acre lot with 1.5 bathrooms. Based on Redfin's Traverse City data, we estimate the home's value is $1,000,720.
Single-familyProperty Type
1987Year Built
1.01 acresLot Size
$593Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
Market trends in 49685, MI
Last updated September 2026
Buyer's Market
Seller's Market
Balanced market
Sale-to-list price
98.4%
0.6% MoM
Median sale price
$492K
$23K MoM
Avg. days on market
48d
4 days MoM
Recently sold homes
106
3 MoM
New listings for sale
Provided by Redfin
Property details
Around this home
Lifestyle
Provided by Walk Score and Local Logic
Sun exposure
In this area, properties receive around 9.5 hours in June and 2.4 hours in December, placing it below the U.S. average for solar exposure.
JuneDecember
Provided by Shadowmap
Estimated sale price
$951,000 – $1.15M
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