NOT LISTED FOR SALE

1042 Howard St Petoskey, MI 49770

Estimated Value: $464,000 - $512,000

3 Beds
2 Baths
1,780 Sq Ft
$275/Sq Ft Est. Value

Last Sold October 24, 2016

Last sale price $150,000 $84 Per Sq Ft

Est. 227% increase in value since last sale

Current estimated payment $2,924/month

Highlights

  • Main Floor Primary Bedroom
  • Living Room
  • Ceiling Fan
  • 2 Car Attached Garage
  • Dining Room
  • 2-minute walk to Petoskey Art Fair

About This Home

As of October 2016

In town within walking distance to the college and Petoskey's vibrant downtown. Currently configured as 2 rentals. Live in one and rent the other for additional income. Currently grossing $1,100.00/month. Owners have recently upgraded both Units A & B, with new carpeting, paint, some of the ceilings have been drywalled and Unit B's floors and bath have been upgraded. Adjacent lot is available for $10,000.

Last Agent to Sell the Property

Tom Mooradian

Berkshire Hathaway HomeServices Michigan Real Estate - HS Listed on: 08/11/2015

Berkshire Hathaway HomeServices Michigan Real Estate - HS

Co-Listed By

Sally Teal

Berkshire Hathaway HomeServices Michigan Real Estate - HS

Last Buyer's Agent

Pete Platte

Gaslight Group Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,240

Lot Details

  • Lot Dimensions are 61x155x111x32

Parking

  • 2 Car Attached Garage

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,780 Sq Ft Home
  • Ceiling Fan
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Partial Basement
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Hot Water Baseboard Heater
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 52-19-06-400-150

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,240

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Measurement Source: Assessor
  • Section: 6
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Cable, Ceiling Fans, Dryer, Gas Fireplace, Range, Refrigerator, Washer
  • Total Finished Sq Ft: 1780
  • Master Bedroom: Dimensions: 11.5x12, On Level: Main
  • Bedroom 2: Dimensions: 11x13, On Level: Upper
  • Bedroom 3: Dimensions: 7x11.5, On Level: Upper
  • Bedroom 4: On Level: N/A
  • Total Rooms: 10
  • Basement: Partial
  • Dining Room: Dimensions: 10x22, On Level: Main
  • Kitchen: Dimensions: 12x12.5, On Level: Main
  • Family Room: Dimensions: 15x12.5, On Level: Main
  • Living Room: Dimensions: 11x15.5, On Level: Main
  • Above Grade Finished Sq Ft: 1780
  • Bathroom 1: Dimensions: 5x8.5, On Level: Main
  • Bathroom 2: Dimensions: 8x8.5, On Level: Main
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A

Exterior Features

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

Garage/Parking

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

Utilities

  • Heat Type: Natural Gas, Hot Water Baseboard
  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 61x155x111x32
  • Lot: Y
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 52-19-06-400-150

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2015
Closed on
Oct 24, 2016
Sold by
Vision Quest Associates Inc
Bought by
Monroe Gabriel and Lutz Amber
Seller's Agent
Tom Mooradian
Berkshire Hathaway HomeServices Michigan Real Estate - HS
Buyer's Agent
Pete Platte
Gaslight Group Properties
List Price
$140,000
Sold Price
$150,000
Premium/Discount to List
$10,000
7.14%
Current Estimated Value
$490,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,055
Avg. Annual Appreciation
14.04%
Original Mortgage
$147,283
Outstanding Balance
$117,833
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$372,222

Purchase Details

Closed on
Mar 27, 2005
Sold by
Mathews Dan H
Bought by
Vision Quest Associates Inc

Purchase Details

Closed on
Dec 31, 2004
Sold by
Crisan Terry W
Bought by
Mathews Dan H
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
Monroe Gabriel $150,000 Title Resource Agency
Vision Quest Associates Inc -- --
Mathews Dan H $171,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Monroe Gabriel $147,283
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2016 10/24/16 Sold $150,000 +7.1% $84 / Sq Ft
06/22/2016 06/22/16 Pending -- -- --
08/11/2015 08/11/15 For Sale $140,000 -- $79 / 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 $4,240 $218,200 $218,200 $0
2024 $4,240 $193,100 $193,100 $0
2023 $3,888 $157,800 $157,800 $0
2022 $3,888 $147,300 $147,300 $0
2021 $3,784 $139,800 $139,800 $0
2020 $3,826 $115,100 $115,100 $0
2019 -- $113,100 $113,100 $0
2018 -- $102,000 $102,000 $0
2017 -- $117,500 $117,500 $0
2016 -- $103,800 $103,800 $0
2015 -- $96,400 $0 $0
2014 -- $85,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 445937

Northern Michigan MLS

APN: 52-19-06-400-150