For Sale
525 Fifth Street, Traverse City, MI 49684
$995,000
MLS # 1945694 (Northern Great Lakes REALTORS® MLS)
3 beds4 bathsBuilt 18940.17 acres
1 / 44
Listing Description
Located in the highly sought-after Historic District of downtown Traverse City on iconic 5th Street, this extensively renovated 3/4 bedroom, 4.5 bath residence—including a substantial addition—beautifully combines historic charm with upscale modern finishes and is offered below recent appraisal. Thoughtfully redesigned from the studs out, improvements include all new electrical, plumbing, HVAC, and air conditioning systems, along with expansive new Andersen windows. A desirable main-floor primary suite offers comfort and convenience, while the upper level includes two additional bedrooms, one serving as a private en suite ideal for guests. Covered front and rear porches add warmth and character throughout the home. The lower level offers a separate exterior entrance with potential for a second kitchen area and a legal studio apartment for rentals of 30 days or longer. Completing the property is a striking luxury metal roof. Seller is a licensed real estate agent in the State of Michigan.
Source: SparkMLS
About this home
This 3-bedroom, 4-bath home built in 1894 sits in Traverse City in Traverse City.
Currently offered at $995,000.
Electric service is provided by Traverse City Light & Power; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms4
Lot Size0.17 acres
Year Built1894
Stories2
Location
CityTraverse City
MunicipalityTraverse City
Zip Code49684
CountyGrand Traverse County
Construction & Systems
BasementOther
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed5/25/2026
Original Price$1,245,000
Terms AcceptedCash, Conventional, FHA
Source: SparkMLS
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 Jules B Yates
@properties Christie's Int'l
Frequently Asked Questions about 525 Fifth Street, Traverse City, MI 49684
What type of financing is accepted for this listing?
Per MLS# 1945694, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
Is 525 Fifth Street, Traverse City, MI 49684 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 525 Fifth Street, Traverse City, MI 49684 is in flood zone X (minimal risk). 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.
Who are the utility providers for this property?
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.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Traverse City police department or the Grand Traverse County County sheriff's office.
Map
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Monthly payment$6,454
Principal & interest$6,454
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
525 Fifth Street, Traverse City, MI 49684
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Municipality
Traverse City
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