NOT LISTED FOR SALE

116 Michigan St Petoskey, MI 49770

Estimated Value: $393,545 - $489,000

4 Beds
2 Baths
1,542 Sq Ft
$286/Sq Ft Est. Value

Last Sold April 09, 2020

Last sale price $245,000 $159 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $2,503/month

11 Days on Market

Highlights

  • Barn
  • Lower Floor Utility Room
  • Detached Garage
  • Deck
  • Wood Frame Window
  • 4-minute walk to Bear River Park

About This Home

As of April 2020

Currently being used as a duplex, this multi-family home could easily be converted to a single famiy residence. Located in an up and coming neighborhood, this is spot on for a great investment opp. The extra sized lot also offers plenty of options, and features a large barn out back for all your storage needs.

Last Agent to Sell the Property

Jane Fisher

Gaslight Group Properties License #6501333848 Listed on: 02/11/2020

Last Buyer's Agent

Jane Fisher

Gaslight Group Properties License #6501333848 Listed on: 02/11/2020

Home Details

Home Type

  • Single Family

Lot Details

  • 0.25

Parking

  • Detached Garage

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,542 Sq Ft Home
  • Blinds
  • Wood Frame Window
  • Family Room
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Michigan Basement
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Upstairs
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Deck
  • Property is zoned COP RM-2
  • Barn

Listing and Financial Details

  • Assessor Parcel Number 52-19-06-276-015

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 02/11/2020
  • Section: 6
  • Second Address Number: 116
  • Directions: Emmet to Michigan.
  • OFFICELIST_STATE: MI
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Deck, Dryer, Mini Blinds, Range, Refrigerator, Washer
  • Total Finished Sq Ft: 1542
  • Master Bedroom: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Main
  • Bedroom 4: On Level: Main
  • Basement: Michigan
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Main
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 1542
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Main
  • Number Of Bedrooms: 4
  • Full Bathrooms: 2
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Wood Sash

Exterior Features

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

Garage/Parking

  • Garage Carport: Garage-Detached

Utilities

  • Heat Type: Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas

Schools

  • School District: Petoskey

Lot Info

  • Zoning: COP RM-2

Tax Info

  • Assessor Parcel Number: 52-19-06-276-015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2020
Closed on
Apr 9, 2020
Sold by
Srigley Kevin C
Bought by
Srigley Kevin C and Srigley Joanna
Seller's Agent
Jane Fisher
Gaslight Group Properties
Buyer's Agent
Jane Fisher
Gaslight Group Properties
List Price
$249,000
Sold Price
$245,000
Premium/Discount to List
-$4,000
-1.61%
Current Estimated Value
$427,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,749
Avg. Annual Appreciation
10.72%
Original Mortgage
$181,875
Outstanding Balance
$162,274
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$278,241

Purchase Details

Listed on
Feb 11, 2020
Closed on
Apr 6, 2020
Sold by
West Patricia L
Bought by
Srigley Kevin C
Seller's Agent
Jane Fisher
Gaslight Group Properties
Buyer's Agent
Jane Fisher
Gaslight Group Properties
List Price
$249,000
Sold Price
$245,000
Premium/Discount to List
-$4,000
-1.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,875
Outstanding Balance
$162,274
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$278,241

Purchase Details

Closed on
Feb 1, 1989
Bought by
West
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
Srigley Kevin C -- --
Srigley Kevin C -- --
West $39,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Srigley Kevin C $181,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2020 04/09/20 Sold $245,000 -1.6% $159 / Sq Ft
02/11/2020 02/11/20 For Sale $249,000 -- $161 / 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 $3,190 $149,900 $149,900 $0
2024 $31 $129,000 $129,000 $0
2023 $4,435 $106,900 $106,900 $0
2022 $4,435 $85,100 $85,100 $0
2021 $4,309 $81,200 $81,200 $0
2020 $2,244 $73,500 $73,500 $0
2019 -- $72,200 $72,200 $0
2018 -- $72,100 $72,100 $0
2017 -- $59,400 $59,400 $0
2016 -- $60,600 $60,600 $0
2015 -- $61,000 $0 $0
2014 -- $67,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 461233

Northern Michigan MLS

APN: 52-19-06-276-015