NOT LISTED FOR SALE

1171 Cedar Ln Petoskey, MI 49770

Estimated Value: $887,000 - $1,553,000

4 Beds
3.5 Baths
4,725 Sq Ft
$667/mo HOA Fee

Last Sold October 24, 2024

Last sale price $850,000 $180 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $7,845/month

36 Days on Market

Highlights

  • Sauna
  • Main Floor Primary Bedroom
  • 2 Car Attached Garage
  • Deck
  • Lower Floor Utility Room
  • Living Room

About This Home

As of October 2024

Welcome Home to The Cedars of Bay Harbor! Combining comfort and luxury, this residence is perfect for embracing the Bay Harbor lifestyle year-round. Situated on Hole 1 of The Preserve Golf Course, you will enjoy community amenities and the Bay Harbor Yacht Club (membership required). This gated community offers peaceful surroundings and stunning sunsets. With access to the Little Traverse Wheelway and a short drive to Petoskey, Charlevoix, Boyne City, and Harbor Springs, endless activities await. This home features 4 bedrooms, an office that can be converted into another bedroom, bonus rooms, and a very large recreation room on the lower level with a full bar and sauna! Whether seeking an active lifestyle or a peaceful retreat, this property offers the best of both worlds. Do not miss your chance to own a slice of paradise in Bay Harbor!

Last Agent to Sell the Property

Adam Boyce

Pat O'Brien & Associates - Charlevoix License #6501424723 Listed on: 09/18/2024

Last Buyer's Agent

William Winslow

Coldwell Banker Schmidt- Harbor Springs

Coldwell Banker Schmidt- Harbor Springs

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2000

HOA Fees

  • $667 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 4,725 Sq Ft Home
  • Gas Fireplace
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Sauna
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Utilities

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

Additional Features

  • Deck
  • Sprinkler System

Community Details

  • The Woods Association

Listing and Financial Details

  • Assessor Parcel Number 52-18-08-120-143

Property Details

Home Type

Condominium

Year Built

Built in 2000

Lot Details

0

HOA Fees

$667 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2000
  • Lvt Date: 09/18/2024
  • Section: 8
  • Second Address Number: 1171
  • Directions: Preserve Dr from US 31. Gated Entrance. Must have an appointment. Right on Cedar Ln. Home is on the left.
  • OFFICELIST_STATE: MI
  • Street Designation: Lane
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2000

Interior Features

  • Features: Central Air, Deck, Dishwasher, Dryer, Garbage Disposal, Gas Fireplace, Range, Refrigerator, Sauna, Sprinkler System, Washer, Paved Road
  • Total Finished Sq Ft: 4725
  • Master Bedroom: Dimensions: 19 X 18, On Level: Main
  • Bedroom 2: Dimensions: 10 X 14, On Level: Upper
  • Bedroom 3: Dimensions: 11.5 X 14.5, On Level: Upper
  • Bedroom 4: Dimensions: 19 X 17, On Level: Lower
  • Basement: Full, Finished
  • Dining Room: Dimensions: 14 X 16, On Level: Main
  • Kitchen: Dimensions: 17 X 14, On Level: Main
  • Family Room: Dimensions: 26 X 38, On Level: Lower
  • Living Room: Dimensions: 20 X 20, On Level: Main
  • Above Grade Finished Sq Ft: 3500
  • Bathroom 1: Dimensions: 16 X 10.5, On Level: Main
  • Bathroom 2: Dimensions: 10.5 X 7.5, On Level: Upper
  • Number Of Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Rooms 1: Dimensions: 14 X 14.5, On Level: Main
  • Rooms 2: Dimensions: 19.5 17.5, On Level: Lower

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

Condo/Co-op/Association

  • Association: The Woods
  • Association: Yes
  • Condo: Yes
  • Fees: $2000
  • Other Association Fees: $4000/ YR

Schools

  • School District: Petoskey

Lot Info

  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 52-18-08-120-143

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2017
Closed on
May 25, 2018
Sold by
Klein Robet E and Kleoin Sheila J
Bought by
Fedorov Fedor V and Fedorova Natalia F
Seller's Agent
Gregory Bryan
Pat O'Brien & Associates - Charlevoix
Buyer's Agent
Tony Ray
Coldwell Banker Schmidt - Petoskey
List Price
$450,000
Sold Price
$349,500
Premium/Discount to List
-$100,500
-22.33%
Current Estimated Value
$1,220,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$870,701
Avg. Annual Appreciation
17.88%

Purchase Details

Closed on
Jun 30, 2000
Bought by
Klein Robert E and Klein Sheila J
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
Fedorov Fedor V $349,500 --
Klein Robert E $782,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/24/2024 10/24/24 Sold $850,000 -5.5% $180 / Sq Ft
09/18/2024 09/18/24 For Sale $899,000 +157.2% $190 / Sq Ft
06/01/2018 06/01/18 Sold $349,500 -22.3% $74 / Sq Ft View Prior Sale
05/14/2018 05/14/18 Pending -- -- --
05/07/2017 05/07/17 For Sale $450,000 -- $95 / 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 $9,653 $530,200 $530,200 $0
2024 $9,653 $435,000 $435,000 $0
2023 $8,852 $343,300 $343,300 $0
2022 $8,852 $314,900 $314,900 $0
2021 $8,615 $306,300 $306,300 $0
2020 $8,710 $262,600 $262,600 $0
2019 -- $237,800 $237,800 $0
2018 -- $215,100 $215,100 $0
2017 -- $216,500 $216,500 $0
2016 -- $227,200 $227,200 $0
2015 -- $236,000 $0 $0
2014 -- $220,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Adam Boyce

    Seller's Agent in 2024

    Adam Boyce

    Pat O'Brien & Associates - Charlevoix

    (231) 330-5035

    3 in this area

    28 Total Sales

    Adam Boyce
    Section Image
  • William Winslow

    Buyer's Agent in 2024

    William Winslow

    Coldwell Banker Schmidt- Harbor Springs

    (231) 838-5263

    40 in this area

    262 Total Sales

    William Winslow
    Section Image
  • Gregory Bryan

    Seller's Agent in 2018

    Gregory Bryan

    Pat O'Brien & Associates - Charlevoix

    (231) 499-7608

    59 Total Sales

    Gregory Bryan
    Section Image

  • T

    Buyer's Agent in 2018

    Tony Ray

    Coldwell Banker Schmidt - Petoskey

    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 474920

Northern Michigan MLS

APN: 52-18-08-120-143

Michigan Emmet County Petoskey 49770

1171 Cedar Ln, Petoskey, MI

Not Listed for Sale

Condos

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