NOT LISTED FOR SALE

1305 Lone Oak Ct Unit 7 Petoskey, MI 49770

Estimated Value: $871,143 - $941,000

5 Beds
3.5 Baths
4,596 Sq Ft
$196/Sq Ft Est. Value

Last Sold October 02, 2020

Last sale price $490,000 $107 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,529/month

Highlights

  • Deck
  • Wood Flooring
  • First Floor Utility Room
  • Cathedral Ceiling
  • Main Floor Primary Bedroom
  • 2 Car Attached Garage

About This Home

As of October 2020

Are you looking for the perfect family home in beautiful Northern Michigan? Then this is the home for you! Located on the outskirts of Petoskey in a wooded, secluded area (plenty of privacy), and peaceful setting, you can have it all. This 5 bed, 3 1/2 bath light-filled home is ideal for raising a family or hosting grandchildren. The contemporary, vaulted-ceiling living room has a wood burning fireplace and is open-concept with the dining room and kitchen. A spacious deck wraps across to the main level master suite. Upper level includes three bedrooms, three-piece bath with double-sink, bonus room with large vaulted ceiling and a spacious reading loft overlooking the living area below. The walkout basement with 10 foot ceilings boasts a large lodge-style family room/game area with stone fireplace, tree trunk pillars, full bar, and guest bedroom with attached bath. Heated floors and a glassed walled rain shower are a bonus in the bathroom. Fenced in back yard and spacious front lawn ringed by mature trees. Two car garage. You don’t want to miss out on this resort-like home.

Last Agent to Sell the Property

Deena Woods

Gaslight Group Properties License #6501339611 Listed on: 07/08/2020

Last Buyer's Agent

Carol Fay

Coldwell Banker Schmidt - Petoskey

Coldwell Banker Schmidt - Petoskey

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,085

Year Built

  • Built in 2005

HOA Fees

  • $167 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 4,596 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Blinds
  • Family Room
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Washer
  • Wood Flooring

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Attached Garage
  • Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • Natural Gas Water Heater
  • Septic System
  • Cable TV Available

Additional Features

  • Deck
  • Lot Dimensions are 201x191

Community Details

  • Traverse Heights Association

Listing and Financial Details

  • Assessor Parcel Number 01-16-34-225-107

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,085

Year Built

Built in 2005

Lot Details

0

HOA Fees

$167 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2005
  • Lvt Date: 07/08/2020
  • Section: 34
  • Survey: Y
  • Second Address Number: 1305
  • Directions: Heading north on Hwy 31 to Pickerel Lake Rd, right on Pickerel Lake, right on Bayview Heights, left to Traverse Heights
  • OFFICELIST_STATE: MI
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2005

Interior Features

  • Features: Built In Microwave, Cable, Cathedral Ceilings, Deck, Dishwasher, Garbage Disposal, Mini Blinds, Paved Drive, Range, Refrigerator, Washer, Wood Fireplace, Wood Floors, Paved Road
  • Total Finished Sq Ft: 4596
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Basement: Full, Walkout, Finished
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Main
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 2989
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Rooms 1: Dimensions: bonus room, On Level: Upper
  • Rooms 2: On Level: Lower
  • Windows: Andersen

Exterior Features

  • Construction: Wood Frame/Site Built, Two Story +
  • 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: Septic
  • Water: Well
  • Water Heater: Natural Gas

Condo/Co-op/Association

  • Association: Traverse Heights
  • Association: Yes
  • Fees: 2,000

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 201x191
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 01-16-34-225-107

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2020
Closed on
Oct 2, 2020
Sold by
Ludlow Kathryn P Life Estate
Bought by
Uebelhoer Aaron and Bellmer Nicole
Seller's Agent
Deena Woods
Gaslight Group Properties
Buyer's Agent
Carol Fay
Coldwell Banker Schmidt - Petoskey
List Price
$525,000
Sold Price
$490,000
Premium/Discount to List
-$35,000
-6.67%
Current Estimated Value
$902,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$412,714
Avg. Annual Appreciation
12.86%
Original Mortgage
$305,000
Outstanding Balance
$271,281
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$631,433

Purchase Details

Closed on
Jan 30, 2018
Sold by
Ludlow Kathryn P
Bought by
Kathryn P Ludlow T

Purchase Details

Closed on
Nov 15, 2017
Sold by
Ludlow Barrett
Bought by
Ludlow Kathryn P and Ludlow Kathryn

Purchase Details

Closed on
Sep 5, 2007
Sold by
Low Andrew J and Low Jill M
Bought by
Paragon Relocation Resources Inc

Purchase Details

Closed on
Feb 12, 2004
Sold by
Kulman Daniel M and Kulman Julianne W
Bought by
Low Andrew J and Low Jill M

Purchase Details

Closed on
Sep 7, 2002
Bought by
Ludlow Barrett and Ludlow Kathryn

Purchase Details

Closed on
Apr 1, 1998
Bought by
Kulman Daniel M and Kulman Julianne W
Source: Public Records

Range of Values:

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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
Uebelhoer Aaron -- --
Kathryn P Ludlow T -- --
Ludlow Kathryn P -- None Available
Paragon Relocation Resources Inc $389,000 --
Low Andrew J $47,500 --
Ludlow Barrett $389,000 --
Kulman Daniel M $33,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Uebelhoer Aaron $305,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2020 10/02/20 Sold $490,000 -1.8% $107 / Sq Ft
07/24/2020 07/24/20 Price Changed $499,000 -5.0% $109 / Sq Ft
07/08/2020 07/08/20 For Sale $525,000 -- $114 / 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 $7,085 $345,300 $345,300 $0
2024 $7,085 $329,000 $329,000 $0
2023 $6,459 $275,300 $275,300 $0
2022 $6,459 $260,100 $260,100 $0
2021 $6,249 $251,800 $251,800 $0
2020 $4,520 $244,800 $244,800 $0
2019 $4,253 $235,600 $235,600 $0
2018 $4,151 $209,500 $209,500 $0
2017 -- $208,600 $208,600 $0
2016 -- $197,700 $197,700 $0
2015 -- $191,400 $0 $0
2014 -- $170,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Deena Woods

    Gaslight Group Properties

    Section Image
  • Carol Fay

    Buyer's Agent in 2020

    Carol Fay

    Coldwell Banker Schmidt - Petoskey

    (231) 330-0876

    13 in this area

    68 Total Sales

    Carol Fay
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 462471

Northern Michigan MLS

APN: 01-16-34-225-107

Michigan Emmet County Petoskey 49770

1305 Lone Oak Ct Unit 7, Petoskey, MI

This home is located at 1305 Lone Oak Ct Unit 7, Petoskey, MI 49770 since 08 July 2020 and is currently estimated at $902,714, approximately $196 per square foot. This property was built in 2005. 1305 Lone Oak Ct Unit 7 is a home located in Emmet County with nearby schools including Petoskey High School, Petoskey Montessori Children's, and Harbor Light Christian School.

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