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

$289,500

Trulia Estimate
  • 2 Beds
  • 2 Baths
  • 1,500 sqft

116 Mathison Rd #5, Traverse City, MI 49686

Est. Refi. Payment $1,798/mo*
Refinance Your Home
Currently Off Market - Sold Feb 8, 2021 for $205,000

Home Value

Trulia Estimate
$290K
Since last month
Decreased$2K (-0.7%)
Since last year
Increased$3K (+1.1%)
Since last sale
Increased$84K (+40.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +41% in the last 10 years
MonthEstimated value
2026
September 2026$289K
August 2026$291K
July 2026$291K
June 2026$284K
May 2026$288K
April 2026$284K
March 2026$282K
February 2026$283K
January 2026$278K
2025
2024
2023
2022
2021

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
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
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
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
6530 Mission Rdg, Traverse City, MI
0.54
Condo
$570,000
02/09/26
3
3.5
2,374
6471 Mission Rdg, Traverse City, MI
0.57
Condo
$610,000
09/09/26
3
2.5
2,750
6756 Mission Rdg #118, Traverse City, MI
0.64
Condo
$582,500
12/01/25
3
2.5
2,800

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
112 Mathison Rd #7, Traverse City, MI 49686
0.01
$282,100
2
1
1,532
Off Market
136 Mathison Rd, Traverse City, MI 49686
0.03
$339,900
2
1
1,064
For Sale
7047 Cherrywood Ct #22, Traverse City, MI 49686
0.03
$362,400
2
2
1,827
Off Market
7016 Hilltop Ave, Traverse City, MI 49686
0.07
$179,950
-
-
-
For Sale
7052 Cherrywood Ct, Traverse City, MI 49686
0.07
$313,500
2
2
1,884
Recently Sold
34 Mathison Rd #4, Traverse City, MI 49686
0.09
$306,500
3
2
1,155
Off Market
154 Vineyard Ridge Dr #26, Traverse City, MI 49686
0.10
$225,000
-
-
-
For Sale
7080 Cherrywood Ct, Traverse City, MI 49686
0.09
$332,500
2
2
1,215
For Sale
7080 Cherrywood Ct #17, Traverse City, MI 49686
0.09
$334,700
2
2
2,118
Off Market
142 Vineyard Ridge Dr #24, Traverse City, MI 49686
0.11
$1,709,800
5
5
5,000
Off Market
7159 Cherrywood Ct, Traverse City, MI 49686
0.09
$319,000
2
2
1,090
Off Market
34 Jojack Run, Traverse City, MI 49686
0.13
$1,333,100
4
3.5
3,532
Off Market

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

Home Highlights

Condo
Built in 1979
1,500 sqft
$193/sqft
Garage

About this House

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. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $289,500, with a rent estimate of $2,523/month.

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 and Tax history

DateEventPrice
Feb 8, 2021
Source: NGLRMLS #1883265
Sold
$205,000
Jan 20, 2021
Source: Real Estate One #1883265
PendingToActive
$199,900
Jan 18, 2021
Source: NGLRMLS #1883265
Contingent
$199,900
Jan 13, 2021
Source: Agent Provided
Listed For Sale
$199,900
May 28, 2014
Source: NGLRMLS #1782210
Sold
$127,500

Market trends in Traverse City

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$458K
$3.5KMoM
Sale-to-List Price
99.2%
0.1%MoM
Price per sq ft
$288
$1MoM
Available listings
637
91MoM

Around this home

What Locals Say about Traverse City

At least 282 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

  • 76 % Say there's holiday spirit

  • 76 % Say parking is easy

  • 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."
    1
    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
    Flag
  • 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
    Flag
  • Jeffrey Rhodes
    "We know each other and socialize. We also help those in need. This happens with adults and kids alike."
    0
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • zagnut
    "There is a fenced dog park in slabtown that dog owners love! not sure what dog owners wouldn’t like...."
    0
    Flag
  • 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
    Flag
  • Micheal W.
    "Mixed generation, religion politics and race neighborhood. We watch out for each other and live as an giant extended family "
    0
    Flag
  • 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
    Flag
  • 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
    Flag
  • Susan R.
    "National Cherry Festival, Film Festival, wine festivals, Grand Traverse County Fair, farmer's market and much more! "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 116 Mathison Rd #5

  • What is 116 Mathison Rd #5 estimated to be worth?
    Trulia's estimated value for 116 Mathison Rd #5 in Traverse City, MI is $289,500.
  • What is the price history for 116 Mathison Rd #5?
    116 Mathison Rd #5 in Traverse City, MI last sold for $205,000 in February 2021.
  • Is Traverse City a buyer's or seller's market?
    Traverse City is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Traverse City?
    The median sale price in Traverse City is $458K. That is down $3.5K from the prior month.
  • Does 116 Mathison Rd #5 have air conditioning?
    Yes, 116 Mathison Rd #5 in Traverse City, MI has air conditioning.
  • Does 116 Mathison Rd #5 have laundry facilities?
    Yes, 116 Mathison Rd #5 in Traverse City, MI has in-unit laundry.

Explore by feature - Pet Friendly

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Explore by feature - Outdoor Space

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Off Market Homes Near 116 Mathison Rd #5

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