$200,000
SOLD JUN 23, 2026
3 Beds
2 Baths
1,232 Sq Ft
7,405 Sq Ft Lot

Sale Details

Date Sold: June 23, 2026

$162 Per Sq Ft

3% Above List Price

39 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Living Room
  • Forced Air Heating System
  • First Floor Utility Room
  • Shed
  • Dining Room

About This Home

As of June 2026

How do you find a house for under $200,000 in the City of Petoskey? This one is on a gorgeous lot overlooking the Bear River Valley and is currently set up as a duplex. Property needs some TLC, but there are examples of similar-sized rentals in this direct area at 2 times the current rents of $1300 total for both units. Downstairs is a 2-bedroom, 1-bath, and upstairs is a 1-bedroom, 1-bath. Tenants require 48 hours' notice for showings. Purchasing anything at this price in the city of Petoskey that is within walking distance to town, primary schools, and North Central Michigan College is an opportunity that does not happen anymore, so set yourself up for future success by living in one unit and earning revenue from the other, use it as workforce housing, or turn the house back into a single-family home on an deep lot with expansion possibilities.

Last Agent to Sell the Property

Barry Lustgarten

Gaslight Group Properties Listed on: 05/15/2026

Co-Listed By

Michael MacCarthy

Gaslight Group Properties

Last Buyer's Agent

Pete Platte

Gaslight Group Properties

Home Details

Home Type

  • Single Family

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50'x150'
  • Property is zoned COP RM-2

Home Design

  • Asphalt Shingled Roof

Interior Spaces

  • 1,232 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Crawl Space
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 52-19-06-478-026

Home Details

Home Type

Single Family

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 05/15/2026
  • Section: 6
  • Second Address Number: 1226
  • Directions: From the Corner of Mitchell and Emmet Street at the entrance to Downtown Petoskey, travel 6 blocks, the property is just past Sheridan Street on the right
  • OFFICELIST_STATE: MI
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Cable, Range, Refrigerator, Paved Road
  • Total Finished Sq Ft: 1232
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: N/A
  • Basement: Crawl
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: N/A
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 1232
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A

Exterior Features

  • Construction: Two Story +
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Utilities

  • Heat Type: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 50'x150'
  • Estimated Number of Acres: 0.17
  • Zoning: COP RM-2

Tax Info

  • Assessor Parcel Number: 52-19-06-478-026

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2026
Closed on
Jun 23, 2026
Sold by
Bought by
Seller's Agent
Barry Lustgarten
Gaslight Group Properties
Buyer's Agent
Pete Platte
Gaslight Group Properties
List Price
$195,000
Sold Price
$200,000
Premium/Discount to List
$5,000
2.56%
Views
129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-13.99%

Purchase Details

Closed on
Feb 9, 2004
Sold by
Bought by
Source: Public Records
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $200,000 --
Quit Claim Deed -- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/23/2026 06/23/26 Sold $200,000 +2.6% $162 / Sq Ft
05/15/2026 05/15/26 For Sale $195,000 -- $158 / Sq Ft
Source: Northern Michigan MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,027 $100,600 $100,600 $0
2024 $10 $86,500 $86,500 $0
2023 $935 $71,800 $71,800 $0
2022 $935 $67,800 $67,800 $0
2021 $908 $66,400 $66,400 $0
2020 $911 $54,100 $54,100 $0
2019 -- $53,200 $53,200 $0
2018 -- $53,600 $53,600 $0
2017 -- $48,500 $48,500 $0
2016 -- $44,400 $44,400 $0
2015 -- $43,100 $0 $0
2014 -- $39,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 479355

Northern Michigan MLS

APN: 52-19-06-478-026

Your Personal Tour Guide

Ask me questions while you tour the home.