This 3-bed, 2-bath property in Traverse City shows moderate potential at $250,000 (last sold Feb 2025). At $160/sqft, it's significantly below the market average of $251/sqft for comparable properties, suggesting undervaluation in a market experiencing 3.9-4.3% annual growth.
List at $389,000 to align with recent comparable sales while acknowledging its position below premium comps. Complete minor cosmetic updates to justify pricing. Target first-time homebuyers or investors seeking value, emphasizing the property's below-market entry point and Traverse City's strong appreciation trends.