1627 Rasho Rd, Traverse City, MI, 49696
About This Home
Updated 4-unit property on the east side of Traverse City near Timber Ridge. 1627 Rasho Rd features three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, with shared front/rear entry and common laundry. Major 2023/2024 improvements include new flooring, countertops, appliances, lighting, paint, HVAC units, 3 new water heaters, exterior paint, and a new roof in February 2024. Detached 5-stall garage, adjacent deck area, and large lawn bordering woods. Gross monthly income of $6,814 includes rent, pet rent, and trash fees.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1980
Materials
- Foundation: Wood
- Roof: Asphalt
- Construction materials: Frame,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator,Oven/Range,Dishwasher,Microwave,Washer,Dryer
- Laundry features: Laundry Hook-up
Basement
- Has basement: Yes
- Basement: Full
Features
- Drywall,High Speed Internet,Cable TV
- Fireplace features: None
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total structure area: 5,008
- Total interior livable area: 5,008 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 0338600100
- Attached to another structure: Yes
- Zoning description: Residential,Multi-Family
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Has view: Yes
- View description: Countryside View
- Waterfront features: None
Lot
- Lot size: 1.10 Acres
- Features: Landscaped
- Lot size dimensions: 176.7 x 271.80
Parking
- Parking features: Garage
- Has garage: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Winter Weather
- Lightning
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Grand Traverse County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,293 | $51,516 |
| Home Insurance * | $191 | $2,292 |
| Property Taxes | $594 | $7,128 |
| Electricity | $546 | $6,554 |
| Total | $5,624 | $67,488 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-23 | Listed for sale | $849,000 |
| 2024-10-05 | Listing removed | $1,500 |
| 2024-09-09 | Listed for rent | $1,500 |
| 2024-08-09 | Listing removed | -- |
| 2024-07-18 | Price change | $779,000 |
| 2024-05-30 | Listed for sale | $799,000 |
| 2024-04-26 | Listing removed | $810,000 |
| 2024-02-19 | Listing removed | -- |
| 2024-02-16 | Price change | $810,000 |
| 2024-01-25 | Listed for sale | $825,000 |
| 2024-01-05 | Listed for rent | $1,500 |
| 2023-07-20 | Sold | $535,000 |
| 2023-05-24 | Listed for sale | $625,000 |
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