NOT LISTED FOR SALE

1118 Jennings Ave Petoskey, MI 49770

Estimated Value: $571,000 - $893,000

4 Beds
4 Baths
1,922 Sq Ft
$360/Sq Ft Est. Value

Last Sold September 17, 2020

Last sale price $495,900 $258 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,137/month

5 Days on Market

Highlights

  • Barn
  • Deck
  • Main Floor Primary Bedroom
  • Second Garage
  • Wood Flooring
  • Lower Floor Utility Room

About This Home

As of September 2020

This home has been Completely rebuilt for ground up! All the extras including granite counter tops, high end cabinets, glass backsplash, under cabinet lighting, and recessed lighting throughout. Built in laundry storage and stackable washer/dryer, slow close cabinets and toilet seats; all the extras one could ever think up. Wood Floors and ceramic tile throughout make this home easy to keep clean and allergen free. New furnace, water heater, automatic attic fan and all new electric. This Home is STUNNING! Professional Landscaping with irrigation around the house. All this with two oversized lot and over 2,900 sq/ft of out building storage between 4 buildings all located on the back additional lot. There is not another property like this available! Home is located in the city limits of Petoskey within a short walking distance to downtown, the waterfront, marina and all the shopping that this amazing quaint Northern town has to offer. Located in proximity to the school campus with the Middle, High and Ottawa elementary schools right there. Enjoy all seasons sporting events without the worry of parking, just walk! There is a Matterport 3D virtual tour link available for your previewing pleasure.

Last Agent to Sell the Property

Christina Roberts

Keller Williams - Northern Michigan Listed on: 07/27/2020

Keller Williams - Northern Michigan

Last Buyer's Agent

Dave Carlson

Kidd & Leavy Real Estate Co. LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,160

Lot Details

  • 0.49

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,922 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Thermal Windows
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Insulated Windows
  • Blinds
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Wood Flooring

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Parking

  • 4 Car Detached Garage
  • Second Garage
  • Driveway

Outdoor Features

  • Deck
  • Patio

Farming

  • Barn

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-400-022 & 026

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,160

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 07/28/2020
  • Section: 5
  • Second Address Number: 1118
  • Directions: Kalamazoo, East onto Jennings Ave, Home is on the South Side of the street before Klondike Ave. Look for sign
  • Price per Sq Ft: 258.01
  • OFFICELIST_STATE: MI
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Built In Microwave, Cable, Ceiling Fans, Deck, Dishwasher, Dryer, Garbage Disposal, Mini Blinds, Patio, Paved Drive, Range, Refrigerator, Washer, Wood Floors, Paved Road
  • Total Finished Sq Ft: 1922
  • Master Bedroom: Dimensions: 12'9" x 19', On Level: Main
  • Bedroom 2: Dimensions: 12'1" x 15', On Level: Upper
  • Bedroom 3: Dimensions: 18'1" x 16'5", On Level: Upper
  • Bedroom 4: Dimensions: 10' x 7', On Level: Upper
  • Total Rooms: 12+
  • Basement: Michigan, Full, Finished
  • Dining Room: Dimensions: 9'4" x 10', On Level: Main
  • Kitchen: Dimensions: 13' x 14', On Level: Main
  • Family Room: Dimensions: 13'9" x 12'6", On Level: Lower
  • Living Room: Dimensions: 16'7" x 17', On Level: Main
  • Above Grade Finished Sq Ft: 1922
  • Bathroom 1: Dimensions: 9'3" x 6'9" Master, On Level: Main
  • Bathroom 2: Dimensions: 10' x 6'2", On Level: Upper
  • Number Of Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Rooms 1: Dimensions: 12'x11' entry/Laundry, On Level: Main
  • Rooms 2: Dimensions: 22'8" x 12'6" Mechanical, On Level: Lower
  • Windows: Thermo, Insulated, Vinyl, Low E

Exterior Features

  • Construction: Wood Frame/Site Built, Two Story +
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Garage/Parking

  • Garage Carport: Garage-Detached
  • Gar Car Capacity: Four +

Utilities

  • Heat Type: Natural Gas, Forced Air
  • Sewer: City
  • Water: City
  • Water Heater: Electric

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Lot: Y
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 52-19-05-400-022 & 026

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2020
Closed on
Sep 15, 2020
Sold by
Roose Thomas G
Bought by
Patterson Ronald and Patterson Angela
Seller's Agent
Christina Roberts
Keller Williams - Northern Michigan
Buyer's Agent
Dave Carlson
Kidd & Leavy Real Estate Co. LLC
List Price
$499,900
Sold Price
$495,900
Premium/Discount to List
-$4,000
-0.8%
Current Estimated Value
$690,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,081
Avg. Annual Appreciation
6.71%
Original Mortgage
$396,720
Outstanding Balance
$352,063
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$338,918

Purchase Details

Closed on
Mar 28, 2018
Sold by
Restated John P Ternes T
Bought by
Thomas G&Lynn M Roose Ret

Purchase Details

Closed on
Jul 31, 2009
Sold by
Bielas Mary A and Robert M Fate Family Trust Dat
Bought by
Ternes John P and Restated John P Ternes Trust D

Purchase Details

Closed on
Sep 27, 1999
Sold by
Fate Robert Michael
Bought by
Fate Robert Michael Trust

Purchase Details

Closed on
May 31, 1951
Sold by
Meyer Marten W and Meyer Helen M
Bought by
Fate Robert M and Fate Martha A
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
Patterson Ronald -- --
Thomas G&Lynn M Roose Ret $125,000 --
Ternes John P $135,000 --
Fate Robert Michael Trust -- --
Fate Robert M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patterson Ronald $396,720
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2020 09/17/20 Sold $495,900 -0.8% $258 / Sq Ft
07/27/2020 07/27/20 For Sale $499,900 -- $260 / 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 $6,160 $253,800 $253,800 $0
2024 $6,160 $203,700 $203,700 $0
2023 $5,649 $190,600 $190,600 $0
2022 $5,649 $182,300 $182,300 $0
2021 $5,498 $156,800 $156,800 $0
2020 $4,878 $135,700 $135,700 $0
2019 -- $133,800 $133,800 $0
2018 -- $106,800 $106,800 $0
2017 -- $93,000 $93,000 $0
2016 -- $87,300 $87,300 $0
2015 -- $85,400 $0 $0
2014 -- $81,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 462745

Northern Michigan MLS

APN: 52-19-05-400-022