NOT LISTED FOR SALE

1124 E Mitchell St Petoskey, MI 49770

Estimated Value: $500,000 - $566,000

4 Beds
1 Bath
1,500 Sq Ft
$361/Sq Ft Est. Value

Last Sold December 01, 2022

Last sale price $257,000 $171 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $3,079/month

37 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Wood Frame Window
  • Living Room
  • First Floor Utility Room
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of December 2022

Location supersedes a lot of things when it comes to real estate and this home is no exception. Located on one of the most sought after streets in Petoskey, this property on East Mitchell Street is ready for new ownership. This four bedroom, craftsman style home boasting a large garage has great bones and character that will not disappoint. Whether you are looking for your first home, second home, or investment opportunity, this property will serve your needs. Yes, there are projects to be done. That is the wonderful experience of home ownership! Make it yours. Whatever the house lacks, the dirt the foundation sits on makes up for. There aren't many lots within the city limits that are larger than a half acre, but this one is! Kiddos can walk to school, parents can walk downtown, and families can enjoy the sprawling sidewalks that the city provides. This house and half acre lot in Downtown Petoskey scream potential!!

Last Agent to Sell the Property

Abby Badgley

Gaslight Group Properties Listed on: 10/21/2022

Last Buyer's Agent

Abby Badgley

Gaslight Group Properties Listed on: 10/21/2022

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 0.54 Acre Lot
  • Lot Dimensions are 50'x405
  • Property is zoned R-2

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,500 Sq Ft Home
  • 2-Story Property
  • Vinyl Clad Windows
  • Wood Frame Window
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Michigan Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-200-024

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0.54 Acres

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1920
  • Lvt Date: 10/26/2022
  • Section: 5
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1920

Interior Features

  • Features: Dryer, Washer
  • Total Finished Sq Ft: 1500
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Basement: Michigan
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: N/A
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 1500
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: N/A
  • Number Of Bedrooms: 4
  • Full Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Wood Sash, Vinyl

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: Two

Utilities

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

Lot Info

  • Estimated Lot Dimensions: 50'x405
  • Estimated Number of Acres: 0.54
  • Zoning: R-2

Tax Info

  • Assessor Parcel Number: 52-19-05-200-024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2008
Sold by
Aurora Loan Services Llc
Bought by
Maves Kimberly S
Current Estimated Value
$517,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,090
Outstanding Balance
$59,709
Interest Rate
6.09%
Estimated Equity
$481,520

Purchase Details

Closed on
Apr 12, 2007
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jul 16, 2004
Sold by
Zipp Thomas D and Zipp Cynthia B
Bought by
Mapes Don M and Mapes Stacey L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Maves Kimberly S $97,000 --
Aurora Loan Services Llc $122,900 --
Aurora Loan Services Llc $122,934 --
Mapes Don M $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maves Kimberly S $94,090
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2022 12/01/22 Sold $257,000 +2.8% $171 / Sq Ft
10/21/2022 10/21/22 For Sale $250,000 -- $167 / 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 $5,072 $111,100 $111,100 $0
2024 $48 $101,200 $101,200 $0
2023 $1,616 $91,700 $91,700 $0
2022 $1,616 $77,400 $77,400 $0
2021 $1,573 $73,200 $73,200 $0
2020 $1,590 $61,800 $61,800 $0
2019 -- $58,900 $58,900 $0
2018 -- $57,700 $57,700 $0
2017 -- $56,500 $56,500 $0
2016 -- $57,000 $57,000 $0
2015 -- $52,300 $0 $0
2014 -- $52,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 469867

Northern Michigan MLS

APN: 52-19-05-200-024

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