NOT LISTED FOR SALE

1040 Hoffman St Petoskey, MI 49770

Estimated Value: $809,000 - $930,335

4 Beds
2.5 Baths
4,308 Sq Ft
$198/Sq Ft Est. Value

Last Sold January 12, 2024

Last sale price $740,000 $172 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,943/month

72 Days on Market

Highlights

  • First Floor Utility Room
  • Patio
  • Dining Room
  • 2 Car Attached Garage
  • Living Room
  • Family Room Downstairs

About This Home

As of January 2024

Welcome 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.

Last Agent to Sell the Property

Wally Kidd

Kidd & Leavy Real Estate Co. LLC Listed on: 11/01/2023

Last Buyer's Agent

Pete Platte

Gaslight Group Properties

Home Details

Home Type

  • Single Family

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

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 11/01/2023
  • Section: 5
  • Second Address Number: 1040
  • Directions: Take Kalamazoo Street in Petoskey to Hoffman Street, home is on the right.
  • OFFICELIST_STATE: MI
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Cable, Dishwasher, Dryer, Patio, Paved Drive, Range, Refrigerator, Washer, Wood Fireplace, Paved Road
  • Total Finished Sq Ft: 4308
  • Master Bedroom: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Basement: Full, Finished
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Lower
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 2880
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Rooms 1: On Level: Upper
  • Rooms 2: On Level: Lower
  • Windows: Insulated

Exterior Features

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

Garage/Parking

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

Utilities

  • Heat Type: Hot Water Baseboard
  • Sewer: City
  • Water: Well

Schools

  • School District: Petoskey

Lot Info

  • Zoning: Residential Improved

Tax Info

  • Assessor Parcel Number: 52-19-05-401-007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2007
Sold by
Hoffman John and Hoffman Judy
Bought by
Hoffman Judith A Trust
Current Estimated Value
$853,334
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Hoffman Judith A Trust -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $5,501 $418,100 $418,100 $0
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

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Map

Source: Northern Michigan MLS

MLS Number: 472591

Northern Michigan MLS

APN: 52-19-05-401-007