NOT LISTED FOR SALE

1161 Cedar Ln Petoskey, MI 49770

Estimated Value: $892,000 - $1,686,000

5 Beds
3 Baths
4,550 Sq Ft
$595/mo HOA Fee

Last Sold December 11, 2020

Last sale price $564,000 $124 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $8,477/month

348 Days on Market

Highlights

  • Deck
  • Cathedral Ceiling
  • Whirlpool Bathtub
  • Radiant Floor
  • Main Floor Primary Bedroom
  • First Floor Utility Room

About This Home

As of December 2020

It's not just a condo, it's the Bay Harbor Lifestyle. Situated on hole #1 of Michigan's award winning golf course "The Preserve", this condo gives a feeling of unprecedented privacy from the property's mature landscaping. The condo offers a generous open floor plan with vaulted ceilings that flows throughout including a well thought out mix of tile, carpet and brazlilian hardwood floors. The kitchen features stainless steel viking appliances, bountiful granite countertops, ample storage with a walk in pantry. The sumptuous Master Suite provides califorina closets along with a walkout to the deck. The spacious finished lower level offers comfortable heated floors accompanied by an incredible custom jack and jill bathroom servicing two comfortable bedrooms to spoil your guest. The home is supported by a multitude of amenities: Gated community, two fire fireplaces, central air, attached two and a half car garage, low maintenance composite deck overlooking golf course, sprinkled grounds and year round professional exterior care. 1161 Cedar Lane is designed for a luxury lifestyle year round.

Last Agent to Sell the Property

Ashton Clark

Ashton Property Group License #6501418043 Listed on: 11/22/2019

Co-Listed By

Gary Deters

Ashton Property Group License #6502407723

Last Buyer's Agent

Michael MacCarthy

Gaslight Group Properties

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2003

HOA Fees

  • $595 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 4,550 Sq Ft Home
  • Cathedral Ceiling
  • Gas Fireplace
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Radiant Floor
  • Finished Basement

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Driveway

Utilities

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

Additional Features

  • Deck
  • Sprinkler System

Community Details

  • Bay Harbor Bh Association

Listing and Financial Details

  • Assessor Parcel Number 52-18-08-120-144

Property Details

Home Type

Condominium

Year Built

Built in 2003

Lot Details

0

HOA Fees

$595 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2003
  • Lvt Date: 11/22/2019
  • Section: 08
  • S E V Yr: 218,000
  • Second Address Number: 1161
  • Directions: 2 Miles South West of Petoskey on US 31 to Bay Harbor (Preserve Entrance)
  • OFFICELIST_STATE: MI
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2003

Interior Features

  • Features: Built In Microwave, Cable, Cathedral Ceilings, Central Air, Deck, Dishwasher, Dryer, Garbage Disposal, Gas Fireplace, Paved Drive, Range, Refrigerator, Sprinkler System, Washer, Whirl Pool, Paved Road
  • Total Finished Sq Ft: 4550
  • Master Bedroom: Dimensions: 23'8" x 28'13", On Level: Main
  • Bedroom 2: Dimensions: 16'2" x 11'6", On Level: Main
  • Bedroom 3: Dimensions: 13'10" x 13'0", On Level: Main
  • Bedroom 4: Dimensions: 15'8" x 17'1", On Level: Lower
  • Basement: Finished
  • Dining Room: Dimensions: Combined w/Living Room, On Level: Main
  • Kitchen: Dimensions: 14'6" x 14'1", On Level: Main
  • Family Room: Dimensions: 23'6" x 39'10", On Level: Lower
  • Living Room: Dimensions: 24'0" x 29'11", On Level: Main
  • Above Grade Finished Sq Ft: 2540
  • Bathroom 1: Dimensions: 15'9" x 11'9", On Level: Main
  • Bathroom 2: Dimensions: 15'8" x 14'8", On Level: Lower
  • Number Of Bedrooms: 5
  • Full Bathrooms: 3
  • Rooms 1: Dimensions: 15'8" x 15'2", On Level: Lower
  • Rooms 2: On Level: N/A
  • Windows: Pella

Exterior Features

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

Garage/Parking

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

Utilities

  • Heat Type: Natural Gas, In Floor Heating
  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas

Condo/Co-op/Association

  • Association: Bay Harbor BH
  • Association: Yes
  • Condo: Yes
  • Fees: 1,785
  • Other Association Fees: 3,776

Schools

  • School District: Petoskey

Lot Info

  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 52-18-08-120-144

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2019
Closed on
Dec 10, 2020
Sold by
Falkins Mark
Bought by
Consiglio Brent R
Seller's Agent
Ashton Clark
Ashton Property Group
Buyer's Agent
Michael MacCarthy
Gaslight Group Properties
List Price
$595,000
Sold Price
$564,000
Premium/Discount to List
-$31,000
-5.21%
Current Estimated Value
$1,241,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$677,527
Avg. Annual Appreciation
16.84%
Original Mortgage
$423,000
Outstanding Balance
$377,268
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$864,259

Purchase Details

Listed on
Apr 23, 2012
Closed on
Mar 11, 2013
Sold by
Mark Mark
Bought by
Falkins Mark and Falkins Lori
Seller's Agent
Chris Etienne
Harbor Sothebys International Realty
Buyer's Agent
Brad Rellinger
Harbor Sothebys International Realty
List Price
$399,000
Sold Price
$360,000
Premium/Discount to List
-$39,000
-9.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.93%

Purchase Details

Listed on
Apr 23, 2012
Closed on
Mar 1, 2013
Sold by
Nancy Carlson Kohler Trust Utd January 1
Bought by
Falkins Mark
Seller's Agent
Chris Etienne
Harbor Sothebys International Realty
Buyer's Agent
Brad Rellinger
Harbor Sothebys International Realty
List Price
$399,000
Sold Price
$360,000
Premium/Discount to List
-$39,000
-9.77%

Purchase Details

Closed on
Jan 12, 2010
Sold by
Carlson Kohler Nancy
Bought by
Carlson Kohler Nancy and Nancy Carlson Kohler Trust Utd January 1

Purchase Details

Closed on
Sep 15, 2006
Bought by
Carlson-Kohler Nancy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Consiglio Brent R -- --
Falkins Mark -- --
Falkins Mark -- --
Carlson Kohler Nancy -- --
Carlson-Kohler Nancy $480,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Consiglio Brent R $423,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/11/2020 12/11/20 Sold $564,000 -5.2% $124 / Sq Ft
06/16/2020 06/16/20 For Sale $595,000 +5.5% $131 / Sq Ft
06/16/2020 06/16/20 Off Market $564,000 -- --
03/13/2020 03/13/20 Price Changed $595,000 -0.8% $131 / Sq Ft
03/13/2020 03/13/20 Price Changed $600,000 +0.8% $132 / Sq Ft
11/22/2019 11/22/19 For Sale $595,000 +65.3% $131 / Sq Ft
03/01/2013 03/01/13 Sold $360,000 -9.8% $142 / Sq Ft View Prior Sale
01/14/2013 01/14/13 Pending -- -- --
04/23/2012 04/23/12 For Sale $399,000 -- $157 / 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 $16,754 $481,900 $481,900 $0
2024 $16,754 $397,400 $397,400 $0
2023 $10,062 $314,200 $314,200 $0
2022 $10,062 $288,500 $288,500 $0
2021 $9,839 $280,600 $280,600 $0
2020 $7,482 $241,300 $241,300 $0
2019 -- $218,800 $218,800 $0
2018 -- $199,500 $199,500 $0
2017 -- $200,800 $200,800 $0
2016 -- $210,600 $210,600 $0
2015 -- $204,100 $0 $0
2014 -- $195,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ashton Clark

    Seller's Agent in 2020

    Ashton Clark

    Ashton Property Group

    (810) 449-8155

    20 in this area

    75 Total Sales

    Ashton Clark
    Section Image
  • Gary Deters

    Seller Co-Listing Agent in 2020

    Gary Deters

    Ashton Property Group

    (231) 675-3263

    15 in this area

    67 Total Sales

    Gary Deters
    Section Image
  • Michael MacCarthy

    Buyer's Agent in 2020

    Michael MacCarthy

    Gaslight Group Properties

    (231) 838-7700

    63 in this area

    179 Total Sales

    Michael MacCarthy
    Section Image
  • Chris Etienne

    Seller's Agent in 2013

    Chris Etienne

    Harbor Sothebys International Realty

    (231) 439-2031

    90 in this area

    129 Total Sales

    Chris Etienne
    Section Image
  • Brad Rellinger

    Buyer's Agent in 2013

    Brad Rellinger

    Harbor Sothebys International Realty

    (231) 838-6055

    63 in this area

    93 Total Sales

    Brad Rellinger
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 460845

Northern Michigan MLS

APN: 52-18-08-120-144

Michigan Emmet County Petoskey 49770

1161 Cedar Ln, Petoskey, MI

Not Listed for Sale

Condos

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