NOT LISTED FOR SALE

1040 Kemp Rd Petoskey, MI 49770

Estimated Value: $385,000 - $414,000

1 Bed
3 Baths
2,230 Sq Ft
$178/Sq Ft Est. Value

Sale Details

Date Sold: February 4, 2026

Last sale price $400,000 $179 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,244 / mo

61 Days on Market

Highlights

  • 4.5 Acre Lot
  • Radiant Floor
  • Snowmobile Trail
  • Deck
  • First Floor Utility Room
  • Patio

About This Home

As of February 2026

Looking for a home, rental property, building site, or maybe even all three? This barndominium-style living space with a separate new-construction outbuilding offers incredible potential. Situated near Walloon Lake and downtown Petoskey, you will enjoy privacy, acreage, and flexibility in a highly desirable Northern Michigan setting. One of the outbuildings includes a furnished living space featuring a large master bedroom, generous pantry, and an inviting layout that can comfortably support long-term or full-time use, short-term stays, rental income, or a comfortable place to live while planning your future home on a lovely, elevated building site. The second outbuilding is ideal for hobbies or could be easily converted into additional living space. Do you snowmobile? This is your dream location with easy access to the trail system and all the space needed for your sleds. If boating is your thing, close proximity to Walloon and many other Northern Michigan lakes makes this property equally appealing. A long private drive leads to a quiet natural backdrop with mature trees, beautiful landscaping, and open yard space that attracts many hummingbirds and butterflies all summer, creating a peaceful, nature-rich environment. With its location, comfortable living quarters, and adaptable layout, this property provides a rare opportunity to create a personalized Northern Michigan retreat.

Last Agent to Sell the Property

William Winslow

Coldwell Banker Schmidt- Harbor Springs Listed on: 12/05/2025

Coldwell Banker Schmidt- Harbor Springs

Last Buyer's Agent

Brienna Roberts

Berkshire Hathaway HomeServices Real Estate - BC License #6501444830

Berkshire Hathaway HomeServices Real Estate - BC

Home Details

Home Type

  • Single Family

Lot Details

  • 4.5 Acre Lot
  • Property is zoned EC FF-1

Home Design

  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 2,230 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Radiant Floor
  • Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • Primary Bedroom Upstairs
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • Driveway

Outdoor Features

  • Deck
  • Patio
  • Shed

Utilities

  • Heating System Uses Propane
  • Well
  • Electric Water Heater
  • Septic System

Community Details

  • Snowmobile Trail

Listing and Financial Details

  • Assessor Parcel Number 01-19-18-400-042

Home Details

Home Type

Single Family

Lot Details

4.5 Acres

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 12/05/2025
  • Section: 18
  • Second Address Number: 1040
  • Directions: US 131 to Kemp Road. East on Kemp Road. Drive way is North Side of Kemp Road.
  • OFFICELIST_STATE: MI
  • Street Designation: Road
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Ceiling Fans, Deck, Dryer, Patio, Paved Drive, Range, Refrigerator, Washer, Near Snowmobile Trails
  • Total Finished Sq Ft: 2230
  • Master Bedroom: Dimensions: 19.2 x 16, On Level: Upper
  • Bedroom 2: On Level: N/A
  • Bedroom 3: On Level: N/A
  • Bedroom 4: On Level: N/A
  • Basement: Slab
  • Dining Room: Dimensions: 14 x 19.2, On Level: Main
  • Kitchen: Dimensions: 12.7 x 16.6, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 15.7 x 19.7, On Level: Main
  • Above Grade Finished Sq Ft: 2230
  • Bathroom 1: Dimensions: 7.6 x 10.1, On Level: Main
  • Bathroom 2: Dimensions: 13 x 13.3, On Level: Upper
  • Number Of Bedrooms: 1
  • Full Bathrooms: 3
  • Rooms 1: Dimensions: Office 11.1 x 7.11, On Level: Main
  • Rooms 2: Dimensions: 15.6 x 15.4, On Level: Upper

Exterior Features

  • Roof: Metal
  • Waterfront Water Access: Neither

Garage/Parking

  • Gar Car Capacity: Four +

Utilities

  • Heat Type: LP Gas, In Floor Heating
  • Sewer: Septic
  • Water: Well
  • Water Heater: Electric

Schools

  • School District: Petoskey

Lot Info

  • Estimated Number of Acres: 4.5
  • Zoning: EC FF-1

Tax Info

  • Assessor Parcel Number: 01-19-18-400-042

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2025
Closed on
Feb 4, 2026
Sold by
Shaner Claudia B
Bought by
Pure North Getaways Llc
Seller's Agent
William Winslow
Coldwell Banker Schmidt- Harbor Springs
Buyer's Agent
Brienna Roberts
Berkshire Hathaway HomeServices Real Estate - BC
List Price
$399,000
Sold Price
$400,000
Premium/Discount to List
$1,000
0.25%
Views
262
Current Estimated Value
$397,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,868
Avg. Annual Appreciation
-2.84%
Original Mortgage
$120,000
Outstanding Balance
$120,000
Interest Rate
6.16%
Mortgage Type
New Conventional
Estimated Equity
$277,132

Purchase Details

Closed on
May 10, 2001
Sold by
Ingalls Patrick and Ingalls Anne
Bought by
Shaner Terry L and White Claudia B

Purchase Details

Closed on
Sep 1, 1997
Bought by
Ingalls
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pure North Getaways Llc $400,000 --
Pure North Getaways Llc $400,000 Talon Title Agency
Shaner Terry L $28,000 --
Ingalls -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pure North Getaways Llc $120,000
Closed Pure North Getaways Llc $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2026 02/04/26 Sold $400,000 +0.3% $179 / Sq Ft
12/05/2025 12/05/25 For Sale $399,000 -- $179 / Sq Ft
Source: Northern Michigan MLS

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 $1,652 $146,200 $146,200 $0
2024 $16 $122,600 $122,600 $0
2023 $1,506 $99,700 $99,700 $0
2022 $1,506 $86,900 $86,900 $0
2021 $1,457 $86,400 $86,400 $0
2020 $1,430 $83,800 $83,800 $0
2019 $1,216 $79,500 $79,500 $0
2018 $1,118 $63,500 $63,500 $0
2017 -- $62,900 $62,900 $0
2016 -- $59,400 $59,400 $0
2015 -- $55,800 $0 $0
2014 -- $38,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 478412

Northern Michigan MLS

APN: 01-19-18-400-042

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