120 E Lake St Petoskey, MI 49770
Estimated payment $7,832/month
Highlights
- Water Views
- Main Floor Primary Bedroom
- Living Room
- Wood Flooring
- First Floor Utility Room
- 1-minute walk to Bayfront Park
About This Home
This newly renovated tri-plex is a multi family opportunity. In the heart of the downtown, no better location is out there! Outstanding views paired with the best location, makes this desirable listing one that will sell quickly. There are three beautifully appointed units. The first floor is a two bedroom two bath, with an open floor plan. Our second unit is a three bedroom, three bath with an open floor plan and very unique front and center turret room. Such a lovely place to read a book and enjoy the view. While the third unit is a one bedroom one bath unit, it has the beautiful views we all desire in this lovely area we call home. So much opportunity for the investor or homeowner who wants to live in one unit and rent out the other two. And so much opportunity for the lucky few that get to live near the marina and walk to downtown Petoskey for dinner! Beards Brewery is a hop skip and a jump home!!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,200
Lot Details
- Property is zoned Commercial/Residential
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 3,815 Sq Ft Home
- Insulated Windows
- Family Room
- Living Room
- Dining Room
- First Floor Utility Room
- Wood Flooring
- Water Views
- Range
Bedrooms and Bathrooms
- 6 Bedrooms
- Primary Bedroom on Main
- 6 Full Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 52-19-06-200-021
Map
Home Values in the Area
Average Home Value in this Area
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 | $11,200 | $244,300 | $39,400 | $204,900 |
| 2024 | $11,200 | $214,000 | $39,400 | $174,600 |
| 2023 | $10,211 | $202,500 | $28,100 | $174,400 |
| 2022 | $10,211 | $193,100 | $193,100 | $0 |
| 2021 | $7,509 | $185,300 | $185,300 | $0 |
| 2020 | $7,528 | $157,100 | $157,100 | $0 |
| 2019 | -- | $145,300 | $145,300 | $0 |
| 2018 | -- | $148,900 | $148,900 | $0 |
| 2017 | -- | $139,600 | $139,600 | $0 |
| 2016 | -- | $133,800 | $133,800 | $0 |
| 2015 | -- | $129,900 | $0 | $0 |
| 2014 | -- | $127,400 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/21/2024 11/21/24 | For Rent | $4,100 | +32.3% | -- |
| 10/08/2024 10/08/24 | Off Market | $3,100 | -- | -- |
| 10/05/2024 10/05/24 | Price Changed | $3,100 | 0.0% | $2 / Sq Ft |
| 10/23/2023 10/23/23 | Price Changed | $1,295,000 | -10.7% | $339 / Sq Ft |
| 10/19/2022 10/19/22 | For Sale | $1,450,000 | -- | $380 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $400,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $257,500 | -- | |
| Warranty Deed | $275,000 | -- | |
| Warranty Deed | $275,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $320,000 | Commercial | |
| Previous Owner | $81,000 | Commercial | |
| Previous Owner | $75,000 | Commercial | |
| Previous Owner | $25,000 | Commercial |
Source: Northern Michigan MLS
MLS Number: 469818
APN: 52-19-06-200-021
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