NOT LISTED FOR SALE

1040 Cedar Valley Rd Petoskey, MI 49770

Estimated Value: $810,374

57.48 Acres
$14,098 Price per Acre
2,503,829 Sq Ft Lot

Last Sold January 29, 2021

Last sale price $155,000 $14 Per Sq Ft

Est. 423% increase in value since last sale

Current estimated payment $5,468/month

Highlights

  • 57.48 Acre Lot
  • Creek or Stream
  • Gentle Sloping Lot
  • Landscaped with Trees
  • Open Lot

About This Lot

As of January 2021

Expansive beautiful views, lots of wildlife, gorgeous setting with a babbling creek and an unbelievable location. This amazing property has all of this and so much more. Photos do not do this property justice. With views for miles and the gently rolling terrain slightly sloping to the south, the vistas and sunsets from this property are hard to beat. A hill-top knoll near the northeast portion of the property is the perfect building spot for that vacation or permanent home. One can only imagine how amazing it would be to wake up every morning to this panoramic view. The spring fed babbling creek that cuts through this property is peaceful and beautiful. Plus it is a great resource for all the local wildlife. Lots of deer and turkey were spotted during the consultation visit and while taking listing photos. On top of this a really large last season buck rub was found on the property. Not only would this tract make a great residence, but the owners would also get the added benefit of being able to hunt their own property. The pasture ground that you overlook lends itself to a lot of possibilities. Whether you rent out the land to a local farmer, utilize it for riding your own horses or decide to start a vineyard, the options are really endless. The location of this property is spectacular. It fronts two roads giving you lots of options. Downtown Petoskey is less than 10 minutes away. The area itself is nothing short of amazing. Skiing and snowmobiling in the winter…. golfing and boating in the summer. The area offers four seasons of fun and this property is minutes from all of it. It is hard to put the beauty of this property into words. You need to see it with your own eyes. Regardless if you are looking for a picturesque piece of ground to build a residence, some extra land to have a little hobby farm or a recreational tract with lots of wildlife to enjoy the beautiful outdoors, this property deserves your attention.

Last Agent to Sell the Property

Edmund Nogaski

Real Estate One Listed on: 06/04/2019

Real Estate One

Last Buyer's Agent

Non member Emmet

Emmet Association of Realtors

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,055

Lot Details

  • 57.48 Acre Lot
  • Creek or Stream
  • Open Lot
  • Gentle Sloping Lot
  • Landscaped with Trees
  • Property is zoned R-1/FF-1

Outdoor Features

  • Electricity Available at Street

Listing and Financial Details

  • Assessor Parcel Number pt of 01-19-09-400-011

Property Details

Property Type

Land

Est. Annual Taxes

$14,055

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Type: Lots/Land
  • Type 2: Acreage
  • Lvt Date: 06/04/2019
  • Section: 9
  • Hd Approved: unknown
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Features: Mixed Trees, Electric Nearby, Stream/Creek, Paved Road

Exterior Features

  • Waterfront Water Access: Neither

Schools

  • School District: Petoskey

Lot Info

  • Estimated Number of Acres: 57.48
  • Zoning: R-1/FF-1
  • Number Of Acres: 50.01 - 100
  • Terrain: Gently Rolling, Open

Tax Info

  • Assessor Parcel Number: pt of 01-19-09-400-011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2020
Sold by
Lee Real Estate Investments Llc
Bought by
Own Goal Llc
Current Estimated Value
$810,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$443,554
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$366,820

Purchase Details

Closed on
May 25, 2005
Sold by
Concord Academy
Bought by
Lee Real Estate Investments, Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Own Goal Llc $525,000 --
Lee Real Estate Investments, Llc $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Own Goal Llc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $155,000 -10.9% $14 / Sq Ft
06/04/2019 06/04/19 For Sale $174,000 -- $16 / 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 $14,055 $382,700 $81,900 $300,800
2024 $14,055 $349,400 $81,900 $267,500
2023 $13,690 $312,100 $58,500 $253,600
2022 $13,690 $319,400 $52,000 $267,400
2021 $13,247 $308,100 $0 $308,100
2020 $8,429 $221,500 $221,500 $0
2019 $9,077 $192,900 $192,900 $0
2018 $9,330 $221,400 $221,400 $0
2017 -- $225,300 $225,300 $0
2016 -- $221,900 $221,900 $0
2015 -- $231,700 $0 $0
2014 -- $216,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 458883

Northern Michigan MLS

APN: 01-19-09-200-019