About This Home

This 3-bedroom, 2-bathroom condo at 701 E State Street in Traverse City, MI is listed for $550,000 ($407 per sqft). Built in 2009, the home offers 1,350 sqft of living space on a N/A lot.

Key Features

  • Built in 2009
  • Fireplace

Property Details

2 full
1-car garage
2009

Amenities

Fireplace
Listing Description

Enjoy the best of downtown Traverse City living from this perfectly set 3-bedroom, 2-bath condo in the State Street Commons. Located directly across from F&M Park, the setting offers a neighborhood feel while putting you close to downtown restaurants, coffee shops, Front Street shopping, farmers markets, the TART Trail, Grand Traverse Bay, Sunset Beach, and Cherry Capital Airport.

This location makes it easy to enjoy downtown while also offering convenient access for travel. Inside, the bright and comfortable floor plan features an open living area with a gas fireplace, spacious kitchen, and flexible living space with plenty of room for owners and guests.

The lower level adds additional versatility and works well for overnight guests, an office, family room, or additional private living space. One of the seller's favorite features is the private balcony overlooking the surrounding neighborhood and F&M Park-a great spot for morning coffee, relaxing at the end of the day, or simply taking in the activity of downtown Traverse City.

Parking and storage are another real advantage. The deep attached one-car garage provides room for a vehicle, bikes and recreational gear, and this unit also includes space for two additional vehicles parked tandem outside-a parking setup unique within the association.

The association requires a minimum one-year rental term, helping preserve a quieter, more residential atmosphere while still offering the flexibility of long-term rental use. Whether you are looking for a year-round residence or a low-maintenance Northern Michigan getaway, this condo offers a hard-to-beat combination of location, comfortable living space, outdoor space, storage, and parking just steps from downtown Traverse City.

Monthly Cost Estimate

$3,292/mo

20% down · 6.5% · 30 years

Principal$398
Interest$2,383
Insurance$160
HOA$350

Estimates only. Actual payments may vary.

Location

701 E State Street

Traverse City, MI 49686

Features & Amenities

Interior Features

Walk-In Closet(s)PantryGranite Kitchen TopsSolid Surface Counters

Exterior Features

Sprinkler SystemBalconySidewalkLandscaped

Property Details

Construction

Frame

Appliances

RefrigeratorOven/RangeDisposalDishwasherMicrowaveWasherDryerExhaust FanNatural Gas Water Heater

Questions & Answers

This 3-bedroom, 2-bathroom condo at 701 E State Street is listed at $550,000 ($407/sqft). The estimated monthly payment is $3,291 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $350/month.

Key features include: Built in 2009, Fireplace. Interior Features: Walk-In Closet(s), Pantry, Granite Kitchen Tops. Exterior Features: Sprinkler System, Balcony, Sidewalk.

This property is listed by Jon Zickert.

JZ

Jon Zickert

Agent at Real Estate One

Listed by Real Estate One · Broker phone: (248) 304-6700 · View on Broker Site · Broker website

MLS# 1950112· Source: Northern Great Lakes Realtors MLS· 56 days on PropertySimple

Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

701 E State Street, Traverse City, MI 49686

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