Expired
681 Madeira Drive, Traverse City, MI 49696
$75,000
MLS # 26009722 (Michigan Regional Information Center (MichRIC))
0.39 acres
1 / 20
Listing Description
Wonderful opportunity to build your dream home on an interior lot in Verndale at East Bay. Home will have a south east exposure for sun rises off the back porch. Over 1/3 acre site allows for lots room. Bulk sale opportunity with 7 lots available. See HOA docs for building restrictions.
Source: SparkMLS
About this home
Asking $75,000.
Estimated annual property tax: $300, or about $25 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Cherryland Electric Cooperative; natural gas by DTE Gas Company.
Listing Property Details
Property TypeLand
Property SubtypeLot
Bathrooms0
Lot Size0.39 acres
Location
CityTraverse City
MunicipalityEast Bay Twp
Zip Code49696
CountyGrand Traverse County
School DistrictTraverse City
Construction & Systems
SewerPublic Sewer
UtilitiesNatural Gas Available, Electricity Available, Cable Available, Storm Sewer, None
Sale & Financing
Listed3/12/2026
Terms AcceptedCash, FHA, MSHDA, VA Loan, Conventional
HOA
HOA Fee$400
Source: SparkMLS
Tax Information
Annual Tax$300
Tax Year2025
Assessed Value$16,741
Parcel #03-761-056-00
Source: SparkMLS
Legal Description
UNIT 56 VERNDALE AT EAST BAY CONDOMINIUM SEC 30 T27N R10W MASTER DEED 2005C-00046 1ST AMEND 2006C-00020
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 Breanna May
Great Lake Realty Company LLC
Frequently Asked Questions about 681 Madeira Drive, Traverse City, MI 49696
What school district is 681 Madeira Drive, Traverse City, MI 49696 in?
Per MLS# 26009722, this property is served by Traverse City. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 26009722, the seller has indicated this property accepts the following financing types: Cash, FHA, MSHDA, VA Loan, Conventional. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26009722, the most recent reported annual property tax for 681 Madeira Drive, Traverse City, MI 49696 is $300 (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.
Is 681 Madeira Drive, Traverse City, MI 49696 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, 681 Madeira Drive, Traverse City, MI 49696 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: Cherryland Electric Cooperative. Gas: DTE Gas Company. Sewer: Public Sewer. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the East Bay Twp police department or the Grand Traverse County County sheriff's office.
Map
Mortgage Calculator
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Monthly payment$886
Principal & interest$486
HOA$400
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Cherryland Electric Cooperative
Co-op
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
681 Madeira Drive, Traverse City, MI 49696
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