Seller's Agent in 2022
Michael MacCarthy
Gaslight Group Properties
(231) 838-7700
64 in this area
187 Total Sales
1191 Cedar Ln Petoskey, MI 49770
Estimated Value: $895,000 - $1,139,978
4
Beds
3
Baths
4,532
Sq Ft
$600/mo
HOA Fee
Highlights
- Deck
- Wood Flooring
- First Floor Utility Room
- Cathedral Ceiling
- Main Floor Primary Bedroom
- Thermal Windows
About This Home
As of June 2022Stunning condominium overlooking the first hole of the Preserve Golf Course in Bay Harbor’s private west end featuring soaring ceilings, high end finishes, eight foot doors, and over 4500 square feet of living space on two levels. This is not your standard Bay Harbor Condo in need of updates, this meticulously cared for, Thomas Sebold and Associates Design/Build Townhome has been updated with graceful touches to compliment it's modern, open floor plan including larger rooms, two fireplaces, private study/office, Viking and Sub-Zero appliances, huge lower level with wet bar, and a private outdoor space with mature plantings and a tranquil water feature. Being an end unit affords more room for pets and outdoor living which gives 1191 Cedar Lane a private residence feel but with all the convenience of “close the door and walkaway” condominium living. Year-round, weekends, or for the full summer season this luxurious residence fits all needs and is just a short Gem Car ride from Bay Harbor’s World Class Yacht club, The Bay Harbor Golf Club, and The Marina District, all nestled against the clear, fresh water of Little Traverse Bay, long heralded as one of the premiere aquatic recreation destinations in the country. Contact today for a personal tour.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $12,872
Year Built
- Built in 2001
Lot Details
- Sprinkler System
HOA Fees
- $600 Monthly HOA Fees
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 4,532 Sq Ft Home
- Cathedral Ceiling
- Gas Fireplace
- Thermal Windows
- Family Room Downstairs
- Living Room
- Dining Room
- First Floor Utility Room
- Wood Flooring
- Finished Basement
Kitchen
- Range
- Built-In Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 2 Car Attached Garage
- Driveway
Outdoor Features
- Deck
- Patio
Utilities
- Central Air
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- Cable TV Available
Community Details
- Bay Harbor Bh Association
Listing and Financial Details
- Assessor Parcel Number 52-18-08-120-141
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 29, 2022
Closed on
Jun 2, 2022
Sold by
Trabucchi Valentino and Trabucchi Cheryl
Bought by
Schweitzer Kathleen F
Seller's Agent
Michael MacCarthy
Gaslight Group Properties
Buyer's Agent
Chris Etienne
Harbor Sothebys International Realty
List Price
$729,000
Sold Price
$785,000
Premium/Discount to List
$56,000
7.68%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,245
Avg. Annual Appreciation
6.77%
Original Mortgage
$430,000
Outstanding Balance
$402,354
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$573,891
Purchase Details
Listed on
Jun 4, 2020
Closed on
Sep 30, 2020
Sold by
Groen Paul G
Bought by
Valentino Trabucchi and Valentino Cheryl
Seller's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
List Price
$629,000
Sold Price
$540,000
Premium/Discount to List
-$89,000
-14.15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.45%
Purchase Details
Closed on
Feb 23, 2012
Sold by
Krull Janice W and Krull Daniel C
Bought by
Groen Paul G and Groen Linda S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.01%
Purchase Details
Closed on
Apr 24, 2001
Sold by
Krull Janice W
Bought by
Krull Janice W and Krull Daniel C
Purchase Details
Closed on
Mar 10, 2000
Bought by
Krull Janice W
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Schweitzer Kathleen F | -- | Jnorth Title Agency Llc | |
| Valentino Trabucchi | -- | -- | |
| Groen Paul G | $550,000 | -- | |
| Krull Janice W | -- | -- | |
| Krull Janice W | $700,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Groen Paul G | $350,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/02/2022 06/02/22 | Sold | $785,000 | +7.7% | $173 / Sq Ft |
| 04/29/2022 04/29/22 | For Sale | $729,000 | +35.0% | $161 / Sq Ft |
| 10/09/2020 10/09/20 | Sold | $540,000 | -9.8% | $117 / Sq Ft |
| 06/18/2020 06/18/20 | Price Changed | $599,000 | -4.8% | $130 / Sq Ft |
| 06/04/2020 06/04/20 | For Sale | $629,000 | -- | $137 / Sq Ft |
Source: Northern Michigan MLS
Tax History Compared to Growth
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 | $12,872 | $550,500 | $550,500 | $0 |
| 2024 | $12,872 | $450,600 | $450,600 | $0 |
| 2023 | $10,718 | $355,400 | $355,400 | $0 |
| 2022 | $10,718 | $325,900 | $325,900 | $0 |
| 2021 | $10,431 | $297,500 | $297,500 | $0 |
| 2020 | $12,295 | $271,200 | $271,200 | $0 |
| 2019 | -- | $245,500 | $245,500 | $0 |
| 2018 | -- | $221,700 | $221,700 | $0 |
| 2017 | -- | $223,200 | $223,200 | $0 |
| 2016 | -- | $234,200 | $234,200 | $0 |
| 2015 | -- | $226,200 | $0 | $0 |
| 2014 | -- | $215,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael MacCarthy
-
Chris Etienne
Buyer's Agent in 2022
Chris Etienne
Harbor Sothebys International Realty
(231) 439-2031
97 in this area
135 Total Sales
-
Patrick Leavy
Seller's Agent in 2020
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
(231) 881-6639
184 in this area
384 Total Sales
Map
Source: Northern Michigan MLS
MLS Number: 468018
APN: 52-18-08-120-141
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