116 Mathison Rd #5, Traverse City, MI 49686
Property image
Property image
OFF MARKET

116 Mathison Rd #5
Traverse City, MI 49686

  • 2 Beds
  • 2 Baths
  • 1,500 sqft

$281,500

Trulia Estimate
as of Jul 18, 2026
Est. Refi. Payment $1,663/mo*
Refinance Your Home

$281,500

Trulia Estimate
as of Jul 18, 2026
Est. Refi. Payment $1,663/mo*
Refinance Your Home
2 Beds
2 Baths
1,500 sqft

Local Information

  • Map ViewExplore the area around 116 Mathison Rd #5.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

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.
116 Mathison Rd #5, Traverse City, MI 49686 is a 2 bedroom, 2 bathroom, 1,500 sqft condo built in 1979. It last sold for $205,000 on Feb 8, 2021. It is currently off market. The Trulia Estimate is $281,500, with a rent estimate of $2,791/month.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 116 Mathison Rd #5

Interior Features

Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Appliances & Utilities
DishwasherDryerRefrigeratorWasher
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Vinyl
Parking & Garage
GarageParking Space: 1Parking: Garage Attached

Property Information

Year Built
Year Built: 1979
Property Type / Style
Property Type: CondoArchitecture: Ranch / Rambler

Price History for 116 Mathison Rd #5

DatePriceEventSource
02/08/2021$205,000Sold
NGLRMLS #1883265
01/20/2021$199,900PendingToActiveReal Estate One #1883265
01/18/2021$199,900ContingentNGLRMLS #1883265
01/13/2021$199,900Listed For SaleAgent Provided
05/28/2014$127,500Sold
NGLRMLS #1782210

Market trends in Traverse City

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$457K
$3.33KMoM
Sale-to-List Price
98.8%
0.6%MoM
Price per sq ft
$273
$10MoM
Available listings
526
75MoM
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Comparable Sales for 116 Mathison Rd #5

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
7052 Cherrywood Ct, Traverse City, MI
0.07
Condo
$313,500
03/19/26
2
2
1,884
7177 Cherrywood Ct, Traverse City, MI
0.13
Condo
$315,000
05/01/26
2
2
1,092
34 Mathison Rd #4, Traverse City, MI
0.09
Condo
$299,900
08/19/25
3
2
1,155
7181 Cherrywood Ct, Traverse City, MI
0.11
Condo
$340,640
01/16/26
2
2.5
1,600
172 Wildwood Meadows Dr, Traverse City, MI
0.20
Condo
$730,000
01/23/26
3
2.5
2,931
6441 Mission Rdg, Traverse City, MI
0.63
Condo
$470,000
11/25/25
2
2.5
2,775
6278 Summit Ct, Traverse City, MI
0.72
Condo
$480,000
09/04/25
2
2.5
2,054
6556 Mission Rdg, Traverse City, MI
0.51
Condo
$620,000
09/30/25
3
2.5
2,444
6550 Mission Rdg, Traverse City, MI
0.52
Condo
$555,000
03/20/26
3
2.5
2,788
6236 Summit Ct, Traverse City, MI
0.72
Condo
$650,000
08/22/25
2
2.5
2,160

Nearby homes

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Assigned Schools

These are the assigned schools for 116 Mathison Rd #5.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Traverse City

At least 281 Trulia users voted on each feature.

  • 88 % Say it's dog friendly

  • 81 % Say yards are well-kept

  • 80 % Say car is needed

  • 78 % Say people would walk alone at night

  • 77 % Say parking is easy

  • 76 % Say there's holiday spirit

  • 68 % Say kids play outside

  • 66 % Say there's wildlife

  • 62 % Say it's quiet

  • 60 % Say they plan to stay for at least 5 years

  • 58 % Say there are sidewalks

  • 57 % Say neighbors are friendly

  • 56 % Say it's walkable to restaurants

  • 54 % Say it's walkable to grocery stores

  • 52 % Say streets are well-lit

  • 37 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Kate Jarvi
    "It is easy to access the TART trail. The Porch Fest (musicians playing on peoples’ porches) in the fall is very family friendly, and you can walk to downtown (and therefore swimming at the public beaches) easily. "
    0
    Flag
  • Sandy.buchanich
    "Downtown 15 minutes - busier during summer with all summer visitors here. Bike trail nearby and can ride bikes to downtown."
    0
    Flag
  • Luka Robinson
    "Lots of people like walking their dogs, several pet friendly establishments, lots of parks and dog parks and hiking trails as well as dog friendly beaches"
    0
    Flag
  • Mike Mitchell
    "We live in the Long Lake Township community of Cedar Hills Estates located 7 minutes West of T.C. and it’s an easy commute down Cedar Run Rd. with one stoplight at the corner of W. Front St."
    0
    Flag
  • Mike Mitchell
    "Dog friendly place where almost everyone has a dog or two. Lots of open spaces for dogs to run and play!"
    0
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  • Mike Mitchell
    "Almost all of the residents of my neighborhood have at least one dog and many have two dogs. It’s a very dog friendly community and there are plenty of dog friendly parks to hike with your dog or take your dog for a swim."
    0
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  • Jeffrey Rhodes
    "We know each other and socialize. We also help those in need. This happens with adults and kids alike."
    0
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  • Trulia User
    "Christmas alley, neighborhood “music festivals,” and close to all the downtown events., this neighborhood is the perfect location in Traverse City. "
    2
    Flag
  • Unspecified
    "Some of the downtown houses lack a sizable yard and traffic can be dangerous in the peak of the summer season "
    0
    Flag
  • Grace C.
    "Predominantly youngish retirees in the area. Not tons of children. Nearby elementary school may be convenient for drop off/pick ups."
    0
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  • Mhoffmanndc
    "I’ve lived here for 8 years and the neighbors are friendly and we feel very safe. The fact that we are still able to do short term rental here is very beneficial "
    0
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  • Andrea M.
    "The area that I’m in, is close to one of the busiest roads in town. I would not let me daughter play outside alone for that reason. There’s is a lot of homeless people that walk through my neighborhood. They keep to themselves "
    0
    Flag
  • Garrison M.
    "been here 5yrs. it's nice to be close to everything. neighbors are nice enough. real estate is pricey. "
    0
    Flag
  • Grace C.
    "I am living with my parents temporarily—though it has turned into a semi permanent arrangement. The community is fairly well established with retirees."
    0
    Flag
  • Barb M.
    "Plenty of open spaces & trails, 2 dog parks, city clears sidewalks in Winter. A specialized dog treat bakery and natural dog food stores. Several great Veterinarians. "
    0
    Flag
  • Mhoffmanndc
    "Neighbors watch out for one another. When we leave on vacation, our neighbors are watching and caring for our prop. It’s not uncommon to have neighborhood parties and gatherings. "
    0
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  • Brenden F.
    "It's small, but its poppin, houses in the area are nice and the street is HELLA cute, downtown is nice to go to chill out for an evening. It's like the trendy part of Michigan!"
    11
    Flag
  • Cbdrn C.
    "I live on the base of the peninsula giving me walking access to both East and West bay. I live walking distance to a brand new elementary school and high school and community college... your kids in walking distance to everything and down town is 5 minutes away "
    0
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  • Heididjkenney
    "Civic center activity! Outdoor plays across the street.a one mile walking track. There is great pool at civic center you do laps in.Neighborhood potluck in streets every year. "
    0
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  • Oxford D.
    "Generational residents, makes for great fun. Porch sitting!! Historic buildings that can’t be imagined in today’s culture "
    3
    Flag
  • Bacjef
    "10 minute to anywhere in traverse city. july traffic makes this 1 hour commute on a tuesday. 2 hours on sat"
    0
    Flag
  • Celia
    "A lot of drugs and garbage left around. Def lock doors! .............................................."
    0
    Flag
  • Barb M.
    "Lots of trails for dog walking, biking, hiking. Dog owners need to bring their own baggies. There are two dog park locations, and the Humane Society is now a no-kill shelter. "
    0
    Flag
  • Joseph H.
    "It’s a wonderful place to raise children. I was raised here, went to St. Francis, which was a great experience. My brother went to Central and also had great education. "
    0
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  • zagnut
    "There is a fenced dog park in slabtown that dog owners love! not sure what dog owners wouldn’t like...."
    0
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  • Jasmyn M. C.
    "they would like that it's pet friendly and that alot of different pets are allowed here along with cheap pet fees. "
    0
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  • Micheal W.
    "Mixed generation, religion politics and race neighborhood. We watch out for each other and live as an giant extended family "
    0
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  • Barb M.
    "Pain in the butt. All surface streets 20 min to get across town, longer with summer festivals. Streets often not cleared in winter. "
    0
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  • Lmgray
    "just a great place to live. no crime and the people are friendly. I feel blessed to live in such a wonderful area and wouldn't want to live anywhere else. "
    0
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  • Susan R.
    "National Cherry Festival, Film Festival, wine festivals, Grand Traverse County Fair, farmer's market and much more! "
    0
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Apartments for Rent

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Explore by feature - Pet Friendly

38 pet-friendly rentals in Traverse City, MI

Explore by feature - Garage

43 rentals with a garage in Traverse City, MI

Explore by feature - Air Conditioning

72 rentals with air conditioning in Traverse City, MI

Explore by feature - Washer/dryer

82 rentals with a washer/dryer in Traverse City, MI

Explore by feature - Outdoor Space

12 rentals with an outdoor space in Traverse City, MI

Homes for sale near 116 Mathison Rd #5

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Off Market Homes Near 116 Mathison Rd #5

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