400 Webster St #2B, Traverse City, MI, 49686
About This Home
Welcome to the Boardman Building – A Historic Icon Reimagined. Originally built in 1913 as a school, the Boardman Building has long stood as a beloved centerpiece of the Boardman Neighborhood. Now, this iconic structure is undergoing a stunning transformation under the visionary guidance of renowned local architect Ken Richmond and master builder Eric Gerstner. This three-story, mixed-use redevelopment seamlessly blends the charm of history with the sophistication of modern design. Atop the Boardman Building, you'll find four exclusive, high-end residential condominiums. These 2-bedroom, 2.5-bath masterpieces feature versatile flex rooms perfect for a home office, den, or an additional 3rd bedroom. Prepare to be captivated by soaring 12-foot ceilings, 9-ft windows that flood the space with natural light, and the timeless allure of exposed brick. Residents can choose from two distinct interior design palettes, thoughtfully crafted by the experts at New Leaf Design, ensuring a home that reflects your personal style. A private, detached two-car garage is included in the sale. Located in the heart of Traverse City, the Boardman Building places you steps away from vibrant downtown life, boutique shopping, and fine dining. This is more than a residence; it’s a rare opportunity to live and thrive within a beautifully reimagined piece of history. Discover the perfect harmony of heritage and luxury – welcome to the Boardman Building.
Getting Around
Very Walkable
Very Limited Transit
Biker's ParadiseSchools
Construction
Condition
- Property condition: To Be Built
- Year built: 1914
Materials
- Foundation: Other
- Roof: Other
- Construction materials: Brick,Block,Stone
Notable Dates
- Major remodel year: 2025
Type & Style
- Home type: Condo
- Property subType: Condominium,Single Family Residence
Interior
Appliances
- Appliances included: Refrigerator,Oven/Range,Disposal,Dishwasher,Microwave,Electric Water Heater
- Laundry features: Main Level
Bedroom2
- Level: Main
- Area: 180.18
Bedroom3
- Level: Main
- Area: 91.63
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 3
Dining Room
- Level: Main
Features
- Cathedral Ceiling(s),Entrance Foyer,Walk-In Closet(s),Pantry,Granite Bath Tops,Granite Counters,Solid Surface Counters,Kitchen Island,Den/Study,Cable TV,High Speed Internet,WiFi
- Flooring: Wood
- Fireplace features: None
- Finished area below ground: 0
- Finished area above ground: 2,081
Heating & Cooling
- Heating features: Heat Pump
- Cooling features: Electric
Interior Area
- Total structure area: 2,081
- Total interior livable area: 2,081 sqft
Kitchen
- Level: Main
- Area: 178.5
Living Room
- Level: Main
- Area: 404.6
Master Bathroom
- Features: Private
Master Bedroom
- Level: Main
- Area: 292.16
Property
Accessibility
- Accessibility features: Covered Entrance,Accessible Elevator Installed
Details
- Parcel number: 285116500200
- Attached to another structure: Yes
- Zoning description: Residential,Multi-Family,Deed Restrictions,Building-Use Restrictions
Features
- Levels: 2+ Story
- Stories: 2
- Entry location: Stairway (Indoor),Elevator,Second Floor Level
- Exterior features: Sprinkler System,Balcony,Sidewalk
- Waterfront features: None
Lot
- Features: Corner Lot,Level
Parking
- Total spaces: 2
- Parking features: Detached,Garage Door Opener,Paved,Concrete Floors,Asphalt,Shared Driveway
- Has garage: Yes
- Attached garage spaces: 2
- Has uncovered spaces: 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 | $10,113 | $121,356 |
| Home Insurance * | $755 | $9,060 |
| Property Taxes | $1,400 | $16,800 |
| Electricity | $226 | $2,723 |
| Total | $12,494 | $149,928 |
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 |
|---|---|---|
| 2025-11-11 | Price change | $2,100,000 |
| 2025-10-22 | Price change | $1,450,000 |
| 2024-12-27 | Listed for sale | $1,477,187 |
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