NOT LISTED FOR SALE

1031 Old Tannery Creek Petoskey, MI 49770

Estimated Value: $369,076 - $465,000

3 Beds
2.5 Baths
2,880 Sq Ft
$146/Sq Ft Est. Value

Last Sold August 05, 2024

Last sale price $370,000 $128 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,434/month

66 Days on Market

Highlights

  • Deck
  • Living Room
  • Dining Room
  • Wood Frame Window
  • Shed

About This Home

As of August 2024

Discover this charming home walking distance to downtown Petoskey, offering an exceptional blend of convenience and tranquility. Situated close to Lake Michigan, the Little Traverse Wheelway bike path, premier golf courses, this property promises a lifestyle of leisure and recreation. Inside, the main floor boasts an open layout with an office, main floor laundry, and a wall of windows that frame views of the private backyard. The spacious back deck provides an ideal spot for outdoor relaxation and entertainment. Upstairs includes the primary master suite along with two additional bedrooms and a second full bath. The lower level offers a finished family room and a non-egress bedroom, presenting a fantastic opportunity to customize to suit your needs. This home is equipped with a new boiler and water heater. Additional features include a garden shed for extra storage and the advantage of lower Bear Creek township taxes. Whether you are looking for a primary residence, a vacation home, or an investment opportunity, this property offers endless potential. Don’t miss out on the chance to own a piece of Petoskey’s charm in a location that perfectly balances city convenience and serene living.

Last Agent to Sell the Property

Trish Hartwick

Coldwell Banker Schmidt - Petoskey Listed on: 05/31/2024

Coldwell Banker Schmidt - Petoskey

Last Buyer's Agent

Cam Braddock

Gaslight Group Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,648

Year Built

  • Built in 1974

Lot Details

  • 6,360

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,880 Sq Ft Home
  • Blinds
  • Wood Frame Window
  • Living Room
  • Dining Room
  • Dishwasher
  • Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs

Outdoor Features

  • Deck
  • Shed

Utilities

  • Heating System Uses Natural Gas
  • Well

Listing and Financial Details

  • Assessor Parcel Number 01-16-33-202-060

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,648

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1974
  • Lvt Date: 05/31/2024
  • Section: 33
  • Second Address Number: 1031
  • Directions: US-31 to Division; N on Division; R on Old Tannery Creek
  • Price per Sq Ft: 128.47
  • OFFICELIST_STATE: MI
  • Street Designation: Road
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1974

Interior Features

  • Features: Deck, Dishwasher, Mini Blinds
  • Total Finished Sq Ft: 2880
  • Master Bedroom: Dimensions: 11.7 x 15.7, On Level: Upper
  • Bedroom 2: Dimensions: 13.6 x 11.7, On Level: Upper
  • Bedroom 3: Dimensions: 11.6 x 8, On Level: Upper
  • Bedroom 4: Dimensions: 9.4 x 11.7, On Level: Upper
  • Total Rooms: 9
  • Basement: Finished
  • Dining Room: Dimensions: 18.4 x 12.11, On Level: Main
  • Kitchen: Dimensions: 12.9 x 12.11, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 8.8 x 16.5, On Level: Main
  • Above Grade Finished Sq Ft: 1920
  • Bathroom 1: Dimensions: 4.11 x 8, On Level: Main
  • Bathroom 2: Dimensions: 9.6 x 11.11, On Level: Upper
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Rooms 1: Dimensions: 10 x 10.11, On Level: Main
  • Rooms 2: Dimensions: 18.3 x 9.6, On Level: Lower
  • Windows: Wood Sash

Exterior Features

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

Utilities

  • Heat Type: Natural Gas
  • Sewer: Township
  • Water: Well

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 01-16-33-202-060

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2024
Closed on
Aug 5, 2024
Sold by
Jarvis Deborah
Bought by
Hair Garrett W and Hair Chelsey
Seller's Agent
Trish Hartwick
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Cam Braddock
Gaslight Group Properties
List Price
$399,900
Sold Price
$370,000
Premium/Discount to List
-$29,900
-7.48%
Views
246
Current Estimated Value
$419,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,519
Avg. Annual Appreciation
13.24%
Original Mortgage
$296,000
Outstanding Balance
$293,225
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$126,294

Purchase Details

Closed on
Aug 25, 2008
Sold by
Lasalle Bank Na
Bought by
Jarvis Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.66%

Purchase Details

Closed on
Sep 25, 2007
Sold by
Mers Inc
Bought by
Lasalle Bank Na and Certificateholders Of Bear Stearns Asset

Purchase Details

Closed on
Aug 23, 2007
Sold by
Watts Tl
Bought by
Mers Inc

Purchase Details

Closed on
Aug 16, 2006
Sold by
Walters Gary and Walters Michelle
Bought by
Martinchek Gerald and Martinchek Shelley

Purchase Details

Closed on
Aug 18, 2005
Sold by
Martinchek Gerald A and Martinchek Shelly E
Bought by
Walters Gary

Purchase Details

Closed on
Feb 12, 2002
Bought by
Martinchek Gerald A and Martinchek Shelly E
Source: Public Records

Range of Values:

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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
Hair Garrett W $370,000 Cislo Title Company
Jarvis Deborah $137,500 --
Lasalle Bank Na -- --
Mers Inc $160,000 --
Martinchek Gerald $218,000 --
Walters Gary $200,000 --
Martinchek Gerald A $76,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hair Garrett W $296,000
Previous Owner Jarvis Deborah $112,000
Previous Owner Jarvis Deborah $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2024 08/05/24 Sold $370,000 -7.5% $128 / Sq Ft
05/31/2024 05/31/24 For Sale $399,900 -- $139 / 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 $1,648 $127,600 $127,600 $0
2024 $1,648 $97,400 $97,400 $0
2023 $1,499 $85,600 $85,600 $0
2022 $1,499 $80,100 $80,100 $0
2021 $1,451 $79,000 $79,000 $0
2020 $1,424 $76,000 $76,000 $0
2019 $1,333 $74,300 $74,300 $0
2018 $1,301 $65,100 $65,100 $0
2017 -- $66,100 $66,100 $0
2016 -- $63,200 $63,200 $0
2015 -- $61,400 $0 $0
2014 -- $54,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 473984

Northern Michigan MLS

APN: 01-16-33-202-060