NOT LISTED FOR SALE

03652 Cedar Valley Rd Petoskey, MI 49770

Estimated Value: $238,000 - $328,000

2 Beds
1.5 Baths
1,100 Sq Ft
$248/Sq Ft Est. Value

Last Sold January 11, 2023

Last sale price $188,000 $171 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,652/month

3 Days on Market

Highlights

  • 2.3 Acre Lot
  • Wood Burning Stove
  • First Floor Utility Room
  • Deck
  • Main Floor Primary Bedroom
  • Snowmobile Trail

About This Home

As of January 2023

Great opportunity just outside Petoskey. This 2 bedroom home is on over 2 acres and located on Cedar Valley Road between Evergreen Trail and Click Road. Great opportunity with room to grow. The main heat is Forced Air but supplemented by a wood stove that will heat the entire home. This would be an ideal starter home, weekend getaway, or even a rental unit. The Snowmobile Club in Petoskey is a 1/2 Mile south. Close to the River Road Soccer Complex and Click Road Youth Soccer Association. Just minutes from shopping, whether Bear Creek Complex, Downtown Petoskey, and the North Side as well.

Last Agent to Sell the Property

Chris Christensen

Lynda's Real Estate Service Listed on: 12/02/2022

Co-Listed By

Marty Moody

Lynda's Real Estate Service License #6506043488

Last Buyer's Agent

Zac Lejeune

Gaslight Group Properties

Home Details

Home Type

  • Single Family

Lot Details

  • 2.3 Acre Lot
  • Lot Dimensions are 667 x 150
  • Property is zoned EC FF-1

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,100 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Frame Window
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Crawl Space
  • Home Security System
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main

Parking

  • 1 Car Attached Garage
  • Driveway

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Wood
  • Heating System Uses Propane
  • Well
  • Electric Water Heater
  • Septic System

Community Details

  • Snowmobile Trail

Listing and Financial Details

  • Assessor Parcel Number 01-19-22-300-040

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 12/02/2022
  • Measurement Source: Agent
  • Section: 22
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Ceiling Fans, Central Air, Deck, Paved Drive, Range, Refrigerator, Wood Stove, Near Snowmobile Trails, Security System, Paved Road
  • Total Finished Sq Ft: 1100
  • Master Bedroom: Dimensions: 10'10" x 14' 6", On Level: Main
  • Bedroom 2: Dimensions: 11' 10" x 9' 4", On Level: Main
  • Bedroom 3: Dimensions: 8' 10"x7' 9" (Office/Den), On Level: Main
  • Bedroom 4: On Level: N/A
  • Basement: Crawl
  • Dining Room: Dimensions: 14' 7" x 10' 2", On Level: Main
  • Kitchen: Dimensions: 14' 7" x 9' 5", On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 16' 6" x 12' 4", On Level: Main
  • Above Grade Finished Sq Ft: 1100
  • Bathroom 1: Dimensions: 8' x 9' 1", On Level: Main
  • Bathroom 2: Dimensions: 8' x 4' 11", On Level: Main
  • Number Of Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Wood Sash

Exterior Features

  • Construction: Wood Frame/Site Built
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Garage/Parking

  • Garage Carport: Garage-Attached
  • Gar Car Capacity: One and Half

Utilities

  • Heat Type: Forced Air, LP Gas, Wood
  • Sewer: Septic
  • Water: Well
  • Water Heater: Electric
  • Well Size Depth: 5"

Lot Info

  • Estimated Lot Dimensions: 667 x 150
  • Estimated Number of Acres: 2.3
  • Zoning: EC FF-1

Tax Info

  • Assessor Parcel Number: 01-19-22-300-040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2022
Closed on
Jan 12, 2023
Sold by
Hand James R and Hand Jennifer R
Bought by
Thibault Alexa Taylor
Seller's Agent
Chris Christensen
Lynda's Real Estate Service
Buyer's Agent
Zac Lejeune
Gaslight Group Properties
List Price
$199,900
Sold Price
$188,000
Premium/Discount to List
-$11,900
-5.95%
Views
169
Current Estimated Value
$272,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,964
Avg. Annual Appreciation
13.10%
Original Mortgage
$178,600
Outstanding Balance
$171,980
Interest Rate
6.31%
Estimated Equity
$100,984

Purchase Details

Closed on
Feb 10, 2020
Sold by
Hand Louis R
Bought by
Hand Louis R

Purchase Details

Closed on
Dec 9, 1999
Sold by
Oldham Frances
Bought by
Hand Louis R and Hand Elizabeth K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Thibault Alexa Taylor $188,000 --
Hand Louis R -- --
Hand Louis R $62,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thibault Alexa Taylor $178,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2023 01/11/23 Sold $188,000 -6.0% $171 / Sq Ft
12/02/2022 12/02/22 For Sale $199,900 -- $182 / Sq Ft
Source: Northern Michigan MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,812 $128,600 $11,800 $116,800
2024 $13 $113,800 $11,800 $102,000
2023 $1,209 $88,500 $88,500 $0
2022 $1,209 $73,100 $73,100 $0
2021 $1,169 $72,200 $72,200 $0
2020 $1,148 $70,500 $70,500 $0
2019 $1,080 $69,700 $69,700 $0
2018 $1,054 $59,400 $59,400 $0
2017 -- $58,700 $58,700 $0
2016 -- $55,300 $55,300 $0
2015 -- $51,500 $0 $0
2014 -- $47,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Christensen

    Seller's Agent in 2023

    Chris Christensen

    Lynda's Real Estate Service

    (231) 675-1144

    5 in this area

    341 Total Sales

    Chris Christensen
    Section Image
  • Marty Moody

    Seller Co-Listing Agent in 2023

    Marty Moody

    Lynda's Real Estate Service

    (231) 633-2500

    4 in this area

    305 Total Sales

    Marty Moody
    Section Image
  • Zac Lejeune

    Buyer's Agent in 2023

    Zac Lejeune

    Gaslight Group Properties

    (231) 838-0803

    3 in this area

    82 Total Sales

    Zac Lejeune
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 470077

Northern Michigan MLS

APN: 01-19-22-300-040

Michigan Emmet County Petoskey 49770

03652 Cedar Valley Rd, Petoskey, MI

Not Listed for Sale

Detached

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