4865 Black Bear Dr, Traverse City, MI, 49685
About This Home
Welcome to this beautifully maintained condominium offering comfort, flexibility, and Northern Michigan living. Vaulted ceilings, hardwood and luxury vinyl flooring, and a cozy gas fireplace create an inviting main living space filled with natural light. The open-concept layout flows into a kitchen with granite countertops, abundant cabinetry, and generous workspace for everyday living and entertaining. The main level features two bedrooms, including a spacious primary suite and a comfortable guest room ideal for visitors, a home office, or flexible use. An airy loft provides additional space for a private office or reading retreat. A bright three-season porch offers peaceful wooded views and a relaxing extension of the living space. The lower level includes a large family room, additional bedroom and full bath, custom-designed storage area in mechanical room, and a professionally improved workshop with finished walls, upgraded electrical, and a hardwood work surface ideal for hobbies or creative projects. An attached two-car garage adds convenience. Enjoy a low-maintenance, lock-and-leave lifestyle just minutes from downtown Traverse City, shopping, dining, golf, wineries, and Grand Traverse Bay.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2006
Materials
- Foundation: Basement,Wood
- Construction materials: Vinyl Siding
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Microwave,Oven,Refrigerator,Range,Washer
Basement
- Has basement: Yes
- Basement: Daylight,Finished,Full
Bedroom1
- Level: Main
- Area: 182
- Dimensions: 14 x 13
Bedroom2
- Level: Main
- Area: 156
- Dimensions: 13 x 12
Bedroom3
- Level: Lower
- Area: 156
- Dimensions: 13 x 12
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Dining Room
- Level: Main
- Area: 224
- Dimensions: 14 x 16
Family Room
- Level: Main
- Area: 540
- Dimensions: 18 x 30
Features
- Cathedral Ceilings,Entrance Foyer,Pantry
- Window features: Bay Windows,Egress Windows,Window Treatments
- Fireplace features: Gas
- Fireplace: Yes
- Finished area below ground: 1,000
- Finished area above ground: 1,821
Heating & Cooling
- Heating features: Electric,Forced Air,Natural Gas
- Cooling features: Ceiling Fans,Central Air,Exhaust Fan
Interior Area
- Total interior livable area: 2,821 sqft
Kitchen
- Level: Main
- Area: 121
- Dimensions: 11 x 11
Laundry
- Level: Lower
- Area: 88
- Dimensions: 11 x 8
Living Room
- Level: Main
- Area: 304
- Dimensions: 19 x 16
Property
Details
- Parcel number: 0870101900
- Zoning description: Residential
- Special condition: Standard
Features
- Levels: One And One Half
- Stories: 1
- Patio & porch: Patio,Porch
Lot
- Features: Cleared,Rolling Slope,Sloped,Wooded
Parking
- Total spaces: 2
- Parking features: Two Car Garage,Attached,Garage,Garage Door Opener
- Has garage: Yes
- Attached garage spaces: 2
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 | $2,851 | $34,212 |
| Home Insurance * | $126 | $1,512 |
| Property Taxes | $1,011 | $12,132 |
| Electricity | $307 | $3,692 |
| Total | $4,295 | $51,540 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-18 | Price change | $558,900 |
| 2026-07-21 | Listed for sale | $563,900 |
| 2022-05-13 | Sold | $535,000 |
| 2022-04-08 | Listed for sale | $485,000 |
| 2019-09-26 | Listing removed | $349,900 |
| 2019-09-21 | Pending sale | $349,900 |
| 2019-09-20 | Sold | $340,000 |
| 2019-07-11 | Price change | $349,900 |
| 2019-06-19 | Price change | $363,900 |
| 2019-05-21 | Listed for sale | $369,900 |
| 2010-10-06 | Sold | $209,000 |
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