1040 Hoffman St Petoskey, MI 49770
Estimated Value: $703,000 - $870,000
4
Beds
2.5
Baths
4,308
Sq Ft
$183/Sq Ft
Est. Value
Highlights
- First Floor Utility Room
- Patio
- Dining Room
- 2 Car Attached Garage
- Living Room
- Family Room Downstairs
About This Home
As of January 2024Welcome home to 1040 Hoffman Street, nestled on nearly half an acre of land in Downtown Petoskey. Step into a time capsule of pure nostalgia and charm as you enter this impeccably preserved 1970’s home just waiting for you to add your personal tastes. The main living area features a unique arched brick wood-burning fireplace for gathering. The kitchen also features arched details and spacious countertops for entertaining. The 5 bedrooms, 3.5 baths and over 4,000 square feet of living space within the home make for plenty of room for the entire family. A lower level family room features a stone surround wood burning fireplace. The backyard is a private oasis where you will find an extensively landscaped yard and cozy, oversized patio perfect for lounging, hosting and immersing yourself in nature. The 2.5 car garage is clean as a whistle and has plenty of room for storing all your toys. The two in ground basketball hoops off the driveway invite guests to partake in a friendly game and the location of this home is ideal. A stones throw away from PHS and all the rest of the schools, a short walk to downtown Petoskey and short drive to all the conveniences of in-town living. This home captures the essence of an iconic era, with every detail carefully preserved and celebrated. It's a place where every room, every corner, and every element of design transport you to a time when life was a little simpler, and style was a little groovier.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,501
Lot Details
- 0.4
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 4,308 Sq Ft Home
- Wood Burning Fireplace
- Insulated Windows
- Family Room Downstairs
- Living Room
- Dining Room
- First Floor Utility Room
- Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom Upstairs
Laundry
- Dryer
- Washer
Parking
- 2 Car Attached Garage
- Driveway
Utilities
- Hot Water Baseboard Heater
- Well
- Cable TV Available
Additional Features
- Patio
- Property is zoned Residential Improved
Listing and Financial Details
- Assessor Parcel Number 52-19-05-401-007
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 1, 2023
Closed on
Jan 12, 2024
Sold by
Hoffman Judith A and Hoffman John E
Bought by
Tarquini Mark Malcolm and Tarquini Lucille
Seller's Agent
Wally Kidd
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Pete Platte
Gaslight Group Properties
List Price
$845,000
Sold Price
$740,000
Premium/Discount to List
-$105,000
-12.43%
Views
133
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,957
Avg. Annual Appreciation
-3.07%
Original Mortgage
$400,000
Outstanding Balance
$394,827
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$312,286
Purchase Details
Closed on
Jan 22, 2007
Sold by
Hoffman John and Hoffman Judy
Bought by
Hoffman Judith A Trust
Similar Homes in Petoskey, MI
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tarquini Mark Malcolm | -- | Crossroads Title | |
| Hoffman Judith A Trust | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tarquini Mark Malcolm | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/12/2024 01/12/24 | Sold | $740,000 | -4.5% | $172 / Sq Ft |
| 11/29/2023 11/29/23 | Price Changed | $775,000 | -8.3% | $180 / Sq Ft |
| 11/01/2023 11/01/23 | For Sale | $845,000 | -- | $196 / Sq Ft |
Source: Northern Michigan MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $5,501 | $362,800 | $362,800 | $0 |
| 2023 | $5,045 | $303,300 | $303,300 | $0 |
| 2022 | $5,045 | $284,700 | $284,700 | $0 |
| 2021 | $4,910 | $255,400 | $255,400 | $0 |
| 2020 | $4,964 | $208,100 | $208,100 | $0 |
| 2019 | -- | $203,700 | $203,700 | $0 |
| 2018 | -- | $169,800 | $169,800 | $0 |
| 2017 | -- | $171,400 | $171,400 | $0 |
| 2016 | -- | $163,600 | $163,600 | $0 |
| 2015 | -- | $151,900 | $0 | $0 |
| 2014 | -- | $132,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Wally Kidd
Seller's Agent in 2024
Wally Kidd
Kidd & Leavy Real Estate Co. LLC
(231) 838-2700
185 Total Sales
-
Pete Platte
Buyer's Agent in 2024
Pete Platte
Gaslight Group Properties
(231) 838-0935
106 Total Sales
Map
Source: Northern Michigan MLS
MLS Number: 472591
APN: 52-19-05-401-007
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