For Sale
508 Hastings Street 1, Traverse City, MI 49686
$274,900
MLS # 26011169 (Michigan Regional Information Center (MichRIC))
1 bed1 bath564 sqftBuilt 2019
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Listing Description
Welcome to this Contemporary Urban Oasis near the heart of downtown Traverse City. This gorgeous condo has been professionally decorated with a timeless color palette. Enter into the family room with 20 ft ceilings. Open kitchen with snack bar and stainless-steel appliances. Main floor full bath with a large linen closet. Custom laundry area with built-in storage and utility closet. Upstairs you will find an open and airy bedroom with a live edge desk, custom built especially for this space, which provides the perfect spot for a home office. Updates also include built-in shelving throughout, a 5-drawer dresser and closet organizers. Located close to the TART Trail, downtown shopping, Bryant Beach Park and award-winning wineries. All furnishings, including dishes, pot & pans, silverware, small kitchen appliances and linens are available for purchase making this truly a ''turnkey property''. Reserved are four pieces of artwork. Buyer and buyers agent to verify all information.
Source: SparkMLS
About this home
Located in Traverse City in Traverse City, this property offers 1-bedroom, 1-bath, 564 sq ft, with original construction dating to 2019.
Listed at $274,900 (about $487/sq ft).
Estimated annual property tax: $6,077, or about $506 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Traverse City Light & Power; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms1
Bathrooms1
Living Area564 sqft
Year Built2019
Stories2
Location
CityTraverse City
MunicipalityTraverse City-GrandTraverse
Zip Code49686
CountyGrand Traverse County
School DistrictTraverse City
Construction & Systems
StyleContemporary
ConstructionOther
BasementSlab
WaterPublic
SewerPublic
UtilitiesNatural Gas Available, Electricity Available, Storm Sewer
InteriorCeiling Fan(s), Broadband, Eat-in Kitchen
Sale & Financing
Listed3/22/2026
Original Price$299,000
Terms AcceptedCash, Conventional
HOA
HOA Fee$150 / Monthly
IncludesTrash, Snow Removal, Lawn/Yard Care
Source: SparkMLS
Tax Information
Annual Tax$6,077
Tax Year2025
Assessed Value$112,758
Parcel #51-152-004-00
Source: SparkMLS
Legal Description
UNIT 4 CITY LIMIT LOFTS CONDOMINIUM GTC CONDO SUB PLAN NO 442 2019C-00026 MASTER DEED FILED JUNE 6, 2019. 2019C-00036 1ST AMENDMENT TO MASTER FILED AUGUST 13, 2019. 2019C-00056 2ND AMENDMENT TO MASTER FILED DECEMBER 16, 2019. 2020C-00003 3RD AMENDMEN T TO MASTER FILED JANUARY 20, 2020. SPLIT/COMBINED ON 07/01/2019 FROM 28-51-786-010-02 INTO 28-51-152-000-00 THRU 28-51-152-012-00;
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Amy D Abare
Five Star Real Estate (Main)
Frequently Asked Questions about 508 Hastings Street 1, Traverse City, MI 49686
Which school district serves 508 Hastings Street 1, Traverse City, MI 49686?
Per MLS# 26011169, 508 Hastings Street 1, Traverse City, MI 49686 is in the Traverse City boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Traverse City directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26011169, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 508 Hastings Street 1, Traverse City, MI 49686?
Per public tax records, annual property taxes for this property are $6,077 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 508 Hastings Street 1, Traverse City, MI 49686 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 508 Hastings Street 1, Traverse City, MI 49686 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 508 Hastings Street 1, Traverse City, MI 49686?
Per Michigan Public Service Commission service territory data: Electric: Traverse City Light & Power. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Traverse City-GrandTraverse police department or the Grand Traverse County County sheriff's office.
Map
Mortgage Calculator
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Monthly payment$1,933
Principal & interest$1,783
HOA$150
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Traverse City Light & Power
Municipal
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
508 Hastings Street 1, Traverse City, MI 49686
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Municipality
Traverse City
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