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$950,000

Beds
4
Baths
3.5
sq ft
2,796

965 Pine Ridge Dr, Traverse City, MI 49686

965 Pine Ridge Dr

Traverse City, MI 49686

  • Pending
A wonderful home with 4 bedrooms, 3.5 baths at the base of Old Mission Peninsula. Situated on a beautifully manicured lot on a quiet cul-de-sac in one of the best neighborhoods in Traverse City. The main level features beautiful wood flooring, a sunken formal living room with elevated ceilings and field-stone fire place, large kitchen with stainless appliances, a second living room and/or bedroom, an office with a zen like three season room adjacent, and a conveniently located laundry and mudroom from the garage entry. There's also a screened in porch and wrap around deck surrounded by beautiful trees and gardens. The second level houses three bedrooms, which includes the large primary suite with walk-in closet. Boasting over 4,000 sq ft of living space with a finished lower level including an extensive wine cellar and wet bar, family room, huge pool table room, and a spacious extra closet. Storage space galore. A giant 3 car garage with an unfinished bonus room above leaves room for many opportunities. Walk or bike to Eastern Elementary, Central High School and NMC, and just a five minute drive to the heart of Downtown Traverse City. Pine Ridge Drive is a peaceful enclave in a highly desirable location.

Details

Property type

Single Family Residence

Est. home value

$735,818

Lot size

0.44 acres

Price per sq ft

$340

Year built

1988

Price History

07/02/2024
Realcomp

Realcomp #78080047337

Pending
$950,000
06/20/2024
Realcomp

Realcomp #78080047337

Listed
$950,000
+148.04%
03/20/2013
Realcomp

Realcomp #78001109742

Sold
$383,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Traverse City

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$807,130
Asking price
$950,000
Closing costs (~8% of asking)
-$76,000
Est. remaining loan balance
-$66,870
Cash to seller
$807,130

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Shore Mortgage

Loan start date

March 2013

Original loan amount

$230,000

Est. remaining balance

$66,870

Interest rate

2.81%

Loan type

Not Provided, 15 year

Seller

Peter Racine and Chieko Racine

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Pending/Under Contract

Tomo last checked: 07/04/2024 at 10:55 PM

Listing updated: 07/02/2024 at 10:54 AM

Listed by: Michael W Annelin, Phone #: (231) 929-7900

MLS: Realcomp #78080047337

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