Pending
85 Tibbets Lake Lane, Traverse City, MI 49696
$399,000
MLS # 1940342 (Northern Great Lakes REALTORS® MLS)
3 beds2 bathsBuilt 20010.27 acres
1 / 21
Listing Description
Welcome to this inviting 3-bedroom 2.5 bath family home located just steps from beautiful Tibbets Lake access. With over 1500 Square ft of finished space and 1400 sq ft of unfinished space ready for your personal touch, this home combines comfort, functionality, and room to grow. --Enjoy the best of Northern Michigan living, just minutes from Spider Lake, Arbutus Lake and downtown Traverse City. Spend your weekends fishing, kayaking, or exploring nearby trails. --Inside you'll find a nicely updated interior with spacious living areas perfect for family life or entertaining. Whether you're looking for a year-round residence or a getaway close to the water, this home checks all of the boxes. *Seller financing available - making it easier than ever to make this Traverse City home your own! Photos have been virtually staged, and lower level has been virtually finished to show potential.
Source: SparkMLS
About this home
3-bedroom, 2-bath home in Traverse City built in 2001.
Listed at $399,000.
Electric service is provided by Cherryland Electric Cooperative; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Lot Size0.27 acres
Year Built2001
Location
CityTraverse City
Zip Code49696
CountyGrand Traverse County
Construction & Systems
HeatingNatural Gas, Forced Air
WaterPrivate Water
Sale & Financing
Listed11/6/2025
Original Price$410,000
Terms AcceptedConventional, FHA, Land Contract
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 Marissa Spencer
Berkshire Hathaway Homeservices - TC
Frequently Asked Questions about 85 Tibbets Lake Lane, Traverse City, MI 49696
Can I use FHA or VA financing for this property?
Per MLS# 1940342, this listing accepts Conventional, FHA, Land Contract financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 85 Tibbets Lake Lane, Traverse City, MI 49696 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 85 Tibbets Lake Lane, Traverse City, MI 49696 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 85 Tibbets Lake Lane, Traverse City, MI 49696?
Per Michigan Public Service Commission service territory data: Electric: Cherryland Electric Cooperative. Gas: DTE Gas Company. Water: Private Water. 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 local police department or county sheriff's office.
Map
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Monthly payment$2,588
Principal & interest$2,588
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
85 Tibbets Lake Lane, Traverse City, MI 49696
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