Condo community · Cherrywood Court · Peninsula Township
Cherrywood Commons condos
Cherrywood Commons is a 52-unit condominium on Cherrywood Court and Mathison Road at the base of Old Mission Peninsula, with MLS records dating the units 1975 to 1980. Nearly every sale has been a two-bedroom, two-bath unit with a basement and an attached one-car garage. Its 2019 restated bylaws allow leasing only with association approval and a lease of at least one year. There have been 10 sales since January 2024, from $275,000 to $349,000.
What the condo documents say
We read the Cherrywood Commons Second Consolidating Master Deed, recorded April 29, 2003 (Grand Traverse County Condominium Subdivision Plan No. 4), its First, Second and Third Amendments, the restated association bylaws and the association’s rules. The Second Amendment, recorded January 29, 2019, replaced the condominium bylaws with the First Amended and Restated Condominium Bylaws, and those are the bylaws summarized here. The master deed names Richard Erickson and Meredith J. Erickson as the developer.
The newest rules we have are the Rules and Regulations Manual adopted and effective January 14, 2025, which is later than the October 2022 rules and covers the same topics. This is a summary of the parts buyers ask about most. Associations can amend their documents, so get the current set before you write an offer.
Leasing
The bylaws prohibit leasing except as Article VI allows, and no unit may be leased without the association’s written approval. Approval will not be given if it would put more than six units under lease or let one owner lease more than one unit. Leases must cover the whole unit, run at least one year at the start, and go to tenants without pets. The owner must tell the association at least 10 days before presenting a lease and give it a copy. The bylaws treat any arrangement where the owner or immediate family does not live in the unit for most of the year as a lease, paid or not. The board can go past the six-unit cap for listed hardships, such as a move to a nursing home or a job relocation likely to last more than six months.Source: Condominium Bylaws (2019), Article VI, Sections 2, 3 and 4
Short-term rentals
Short-term and vacation rentals are not allowed, because every lease needs an initial term of at least one year. The January 2025 rules put it more strictly than the bylaws: no owner may lease, the board may approve a rental only under special circumstances, and an approved rental pays a $75 monthly special use fee. Peninsula Township rules apply separately.Source: Condominium Bylaws, Article VI, Section 3(a); Rules and Regulations (2025), Leasing
Pets
The bylaws require the board’s prior written consent for any animal other than one dog or one cat, and any consent can be revoked. The 2025 rules allow household pets only, with a maximum of one dog or one cat, leashed outdoors, with waste picked up right away. No dog that barks often enough to be heard on a continuing basis may be kept, and after notice and a hearing the board can remove an animal that violates the rules.Source: Condominium Bylaws, Article VI, Section 7; Rules and Regulations (2025), Pets
Paid at closing on a resale
The Third Amendment, recorded June 11, 2021, lets the board require a buyer to contribute an amount it sets at closing, deposited to the reserve accounts. The January 2025 rules set that capital contribution at 1.5 percent of the purchase price, paid to the association at closing.Source: Third Amendment (Condominium Bylaws, Article II, Section 8); Rules and Regulations (2025), Capital Contribution
Assessments and reserves
The board can raise dues or levy additional assessments on its own to cover deficits, replace existing common elements, handle emergencies, or fund additions to the common elements up to 10 percent of the prior year’s operating budget (an earlier sentence in the same section says $1,000 a year). Other special assessments, including larger capital additions and repaving of driveways, roads and parking, need prior approval of more than 60 percent of all co-owners in number and in value. The reserve fund must be at least 10 percent of the annual budget.Source: Condominium Bylaws, Article II, Section 3
Who maintains what
The master deed makes foundations, roofs, ceilings and unit perimeter walls, including windows and doors, general common elements, and the bylaws make the association responsible for common elements. A 2019 amendment made eaves and downspouts the association’s job. Owners repair or replace storm doors and garage doors with board approval, keep up garage door springs, tracks and openers, maintain their patios and the landscaping around them, and take care of any deck remodeling or additions under a letter of agreement. The 2025 rules end with a maintenance table that splits items such as window parts, exterior door hardware, basements and water heaters between owner and association, so get that table for the exact split.Source: Master Deed, Article VII; First Amendment (2019); Condominium Bylaws, Article V, Section 5; Rules and Regulations (2025), Patios, Garage Doors, Landscaping and Responsibilities table
Changes to your unit
Exterior changes, structural work and changes to the common elements need the board’s written approval, including decks, awnings, lights, venting and air conditioning equipment. The 2025 rules say interior finishes such as paint, flooring, cabinetry and appliances do not need approval if electrical, gas and plumbing systems are not altered. Replacement garage doors must be white Wayne Dalton Classic Steel Model 9100 doors that match the neighbor’s window or no-window style. Owners must give the association a key or code to the unit, and changing a lock needs a Door Lock Alteration Form.Source: Condominium Bylaws, Article VI, Sections 5 and 14; Rules and Regulations (2025), Unit Alterations, Garage Doors, and Door Locks and Keys
Parking and vehicles
Each unit has two parking spots, one in the garage and one in front of it, with a limit of two drivable vehicles. The bylaws bar parking or storing boats, trailers, campers, snowmobiles, motorcycles and commercial vehicles on the property, with special requests going to the board and the manager. The 2025 rules allow them only with the property manager’s written permission.Source: Condominium Bylaws, Article VI, Section 10; Rules and Regulations (2025), Parking
Selling and signs
A seller must give the association written notice of the sale with the buyer’s name and address and copies of the sale documents, must give the buyer all condominium documents, and under the 2025 rules must file a Sale of Unit Form as soon as they decide to sell. The bylaws allow signs, including For Sale signs, only with written permission, and the 2025 rules ban them outright, though they allow real estate open houses. The 2003 bylaws let the association approve a sale or supply a substitute buyer within 10 days. The 2019 restated bylaws dropped that process, though two leftover references to it remain, so ask the association to confirm it no longer applies.Source: Condominium Bylaws (2019), Article VI, Sections 12 and 15, and Article II, Section 3(c); 2003 Condominium Bylaws, Article VI, Section 13; Rules and Regulations (2025), Sale of Unit and Signage
Every sale since January 2024
Every Cherrywood Commons sale recorded in the MLS since January 2024, newest first. Nine of the sales were two-bedroom units and one was a three-bedroom at 34 Mathison Road with its third bedroom in the finished lower level. No unit sold twice. 7085 Cherrywood Court closed two days after it was entered in the MLS.
| Address | Beds / baths | Built | Sq ft | Sold for | Closed | Dues in listing |
|---|---|---|---|---|---|---|
| 7085 Cherrywood Court | 2 bed / 2.0 ba | 1979 | 1,984 | $349,000 | Jul 29, 2026 | $360/mo |
| 7177 Cherrywood Court | 2 bed / 2.0 ba | 1980 | 1,092 | $315,000 | May 1, 2026 | $360/mo |
| 7052 Cherrywood Court | 2 bed / 2.0 ba | 1979 | 1,884 | $313,500 | Mar 19, 2026 | $370/mo |
| 7181 Cherrywood Court | 2 bed / 2 full, 1 half | 1980 | 1,600 | $340,640 | Jan 16, 2026 | $360/mo |
| 34 Mathison Road | 3 bed / 2.0 ba | 1975 | 1,155 | $299,900 | Aug 19, 2025 | $360/mo |
| 7159 Cherrywood Court | 2 bed / 2.0 ba | 1980 | 1,090 | $310,000 | Mar 7, 2025 | $360/mo |
| 7080 Cherrywood Court | 2 bed / 2.0 ba | 1980 | 2,118 | $275,000 | Sep 13, 2024 | $350/mo |
| 7138 Cherrywood Court | 2 bed / 2.0 ba | 1980 | 1,190 | $333,000 | Jun 11, 2024 | $350/mo |
| 7047 Cherrywood Court | 2 bed / 2.0 ba | 1980 | 1,827 | $327,000 | Apr 30, 2024 | $350/mo |
| 7136 Cherrywood Court | 2 bed / 2.0 ba | 1980 | 1,090 | $300,500 | Jan 9, 2024 | $350/mo |
Buying here: what to check
Cherrywood Commons draws buyers who want a quiet, owner-occupied community a few minutes from town. These are the things we check before an offer.
Dues history
All four 2024 sales listed dues of $350 a month. Sales from March 2025 on listed $360 a month, except one March 2026 sale that listed $370. Ask for the current budget and the last two years of financials.
What dues cover
Most listings say dues cover trash removal, snow removal, lawn care, exterior maintenance and liability insurance, and one also listed water. The 2025 rules say trash and recycling pickup is included. The budget is the only reliable answer.
Cash at closing
Plan for the 1.5 percent capital contribution on top of your down payment and closing costs. On a $315,000 purchase that is $4,725.
Plan to live in it
Leasing needs association approval and a one-year lease, and the 2025 rules say the board approves rentals only in special circumstances. Owners leasing when the 2019 bylaws took effect could keep leasing, but that right ends when the unit is sold, so buying a rented unit does not carry the lease rights with it. The bylaws also say people who are not related by blood, marriage or adoption need the board’s written consent to live together in a unit, which is not to be unreasonably withheld.
Square footage and unit numbers
MLS square footage for two-bedrooms runs from 1,090 to 2,118, but several listings describe the main floor at about 1,090 to 1,190 square feet, so the larger figures likely count lower-level space. Legal descriptions name each home by an Apartment number in Cherrywood Commons Condominium Plan No. 4, and that number is not the street number.
Insurance
The bylaws have the association insure the common elements, interior walls and the standard fixtures that came with each unit, including kitchen ranges, ovens, refrigerators, vent hoods and fans. Your own policy covers contents, your improvements, liability and living expenses after a fire.
Cherrywood Commons questions
What are the HOA dues at Cherrywood Commons?
Cherrywood Commons sales from March 2025 on listed dues of $360 a month, except one March 2026 sale that listed $370. All four 2024 sales listed $350 a month. Confirm the current amount with the association before you buy.
Can you rent a Cherrywood Commons condo?
Only with association approval, and never short term. The 2019 restated condominium bylaws prohibit leasing without the association’s written approval, require an initial lease of at least one year, cap leased units at six and limit rentals to tenants without pets. The January 2025 rules say the board approves rentals only under special circumstances, with a $75 monthly fee. Peninsula Township rules apply separately.
Are pets allowed at Cherrywood Commons?
Yes, one dog or one cat. The bylaws require the board’s prior written consent for any animal other than one dog or one cat, and the 2025 rules allow household pets only, with a maximum of one dog or one cat, leashed outdoors. The board can revoke consent or remove an animal that is a nuisance, and tenants may not have pets.
What do Cherrywood Commons condos sell for?
There were 10 sales between January 2024 and October 17, 2026, from $275,000 to $349,000, with a median of $314,250. Two-bedrooms sold from $275,000 to $349,000, and the one three-bedroom sold for $299,900.
How big are the units at Cherrywood Commons?
Nearly every sale has been a two-bedroom, two-bath unit with a basement and an attached one-car garage. MLS square footage for two-bedrooms runs from 1,090 to 2,118, but several listings put the main floor at about 1,090 to 1,190 square feet, so the larger figures likely include lower-level space. One 1,155 square foot three-bedroom has sold.
When was Cherrywood Commons built and who developed it?
MLS records list the year built as 1975 to 1980. The master deed names Richard Erickson and Meredith J. Erickson as the developer. The current Second Consolidating Master Deed was recorded April 29, 2003, and the community is Grand Traverse County Condominium Subdivision Plan No. 4, with 52 units.
Does a buyer pay anything to the Cherrywood Commons association at closing?
Yes. The January 2025 rules require the buyer to pay a capital contribution of 1.5 percent of the purchase price to the association at closing. The Third Amendment to the master deed, recorded June 11, 2021, lets the board set this amount and puts it in the reserve accounts.
Can the Cherrywood Commons association levy a special assessment?
Yes. The board can levy additional assessments on its own for deficits, replacing existing common elements, emergencies and limited additions. Other special assessments, including larger capital additions and repaving of driveways, roads and parking, need prior approval of more than 60 percent of all co-owners in number and in value.
Who maintains the exterior at Cherrywood Commons?
Mostly the association. The master deed makes foundations, roofs and unit perimeter walls with their windows and doors common elements, the bylaws put common elements on the association, and a 2019 amendment added eaves and downspouts. Owners repair or replace storm doors and garage doors with board approval and maintain their patios and nearby landscaping. The 2025 rules include a maintenance table that assigns some window and door items to owners, so check it for the exact unit.
Looking at Cherrywood Commons?
We have read the Cherrywood Commons documents and track every sale on Cherrywood Court. Tell us what you need in a unit and when you plan to move, and we will send new listings and check the documents for the exact unit.
Sales, dues and unit details come from Northern Great Lakes REALTORS® MLS records, checked October 17, 2026. Rules come from the Cherrywood Commons Second Consolidating Master Deed (2003), its First, Second and Third Amendments, the First Amended and Restated Condominium Bylaws (2019), and the Rules and Regulations Manual effective January 14, 2025. This page summarizes those documents and is not legal advice; read the full documents and current rules before you buy. Information is deemed reliable but not guaranteed. Reviewed by Taylor Brown, Realtor, Real Estate One, Traverse City.