321 Fair Street

Traverse City MI 49686

1746 sq. ft.

0.18 ac.

Single-Family

Last sold for $290,000

Jennifer Hastings, last sold this property on 26 November 2025 after 12 days on market.

Overview

Located in the heart of Traverse City, this 2-bedroom, 1.5-bath this home sits on a rare and highly sought-after city lot offering exceptional potential for future expansion or redevelopment. The propertyâ€™s deep lot allows room for a garage addition or possibly an auxiliary dwelling unit (ADU) a unique opportunity for those looking to invest, create additional living space, or generate rental income right in town. The existing home provides comfortable living with an efficient layout and great natural light, making it ideal for full-time residents, first-time buyers, or investors looking to enhance value. The real appeal, however, lies in the versatility of the lot and locationâ€”close to downtown shopping, dining, beaches, and all that Traverse City living has to offer.

Features

2 bedrooms

2 bathrooms

1746 sq. ft. floor area

0.18 ac. lot size

Single-Family

Estimated Value

Based on this property and similar 2 bedroom single-family properties sold in Traverse City over the last 12 months, the estimated median property value of 321 Fair Street is $349k.

Median value

$349k

Estimated value range

$195k - $1.55m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Traverse City. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 321 Fair Street

2025

Sold

$290,000

26 Nov 2025 by Jennifer Hastings, of Key Realty One-TC

Happy sellers in Traverse City

We have insufficient information to provide an overview of customer satisfaction for Traverse City. Viewing the agent profiles, reviews and sales for Traverse City can provide insights for this location.