NOT LISTED FOR SALE

1487 Castle Dr Unit 50 Petoskey, MI 49770

Petoskey Area

Estimated Value: $313,000 - $422,000

2 Beds
2 Baths
1,200 Sq Ft
2004 Built

Sale Details

Date Sold: July 13, 2020

Last sale price $165,000 $138 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $2,261 / mo

2 Days on Market

Highlights

  • Deck
  • 1 Car Attached Garage
  • Living Room
  • Main Floor Primary Bedroom
  • Double Pane Windows
  • Central Air

About This Home

As of July 2020

Well maintained condominium located in the very desirable Meadows of Petoskey. This 2nd floor unit features 2 bedrooms, 2 full baths, open floor plan, covered balcony, large kitchen with ample counter and cabinets, master suite, welcoming foyer and an attached 1 car garage. Close to retail and just a short drive to downtown Petoskey.

Last Agent to Sell the Property

Doug Nowels

Real Estate One Listed on: 03/16/2020

Real Estate One

Last Buyer's Agent

Doug Nowels

Real Estate One Listed on: 03/16/2020

Real Estate One

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Year Built

  • Built in 2004

HOA Fees

  • $182 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,200 Sq Ft Home
  • Double Pane Windows
  • Vinyl Clad Windows
  • Blinds
  • Living Room
  • Dining Room

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Driveway

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Community Details

  • The Meadows Association

Listing and Financial Details

  • Assessor Parcel Number 01-19-07-155-150

Property Details

Home Type

Condominium

Year Built

Built in 2004

Lot Details

0 Sq Ft Lot

HOA Fees

$182 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2004
  • Lvt Date: 03/16/2020
  • Section: 7
  • Second Address Number: 1487
  • Directions: US 131 to Anderson Road to the Meadows.
  • OFFICELIST_STATE: MI
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2004

Interior Features

  • Features: Cable, Central Air, Deck, Dishwasher, Dryer, Garbage Disposal, Mini Blinds, Paved Drive, Range, Refrigerator, Washer
  • Total Finished Sq Ft: 1200
  • Master Bedroom: Dimensions: 12X12.4, On Level: Main
  • Bedroom 2: Dimensions: 11.5X11, On Level: Main
  • Bedroom 3: On Level: N/A
  • Bedroom 4: On Level: N/A
  • Dining Room: Dimensions: 22.5X11 (combo w kitchen), On Level: Main
  • Kitchen: Dimensions: 22.5X11 (combo w dining), On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 14.6X20, On Level: Main
  • Above Grade Finished Sq Ft: 1200
  • Bathroom 1: Dimensions: 9X5.4, On Level: Main
  • Bathroom 2: Dimensions: 9X8, On Level: Main
  • Number Of Bedrooms: 2
  • Full Bathrooms: 2
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Vinyl, Double

Exterior Features

  • Construction: Wood Frame/Site Built
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Garage/Parking

  • Garage Carport: Garage-Attached
  • Gar Car Capacity: One

Utilities

  • Heat Type: Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: The Meadows
  • Association: Yes
  • Condo: Yes
  • Fees: 182

Schools

  • School District: Petoskey

Lot Info

  • Zoning: Res

Tax Info

  • Assessor Parcel Number: 01-19-07-155-150

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
Mar 16, 2020
Closed on
Jul 14, 2020
Sold by
Bought by
Seller's Agent
Doug Nowels
Real Estate One
Buyer's Agent
Doug Nowels
Real Estate One
List Price
$179,000
Sold Price
$165,000
Premium/Discount to List
-$14,000
-7.82%
Current Estimated Value
$343,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,974
Avg. Annual Appreciation
12.87%
Original Mortgage
$150,000
Outstanding Balance
$147,521
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$196,453

Purchase Details

Closed on
Nov 14, 2005
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Petoskey, MI

  • Chris Christensen Real Estate Agent - Lynda's Real Estate Service

    Chris Christensen

    Lynda's Real Estate Service

    (231) 535-9698

    333 Total Sales

    5 in Petoskey

    $325K - $400K Price Range

    Chris Christensen
     Section Image
  • Brett Binkley Real Estate Agent - EXP Realty

    Brett Binkley

    Responds Quickly

    EXP Realty

    (231) 642-9896

    46 Total Sales

    1 in Petoskey

    $135,000 Price

    Brett Binkley
     Section Image
  • Matt Rader Real Estate Agent - Pat O'Brien & Associates - Boyne City

    Matt Rader

    Pat O'Brien & Associates - Boyne City

    (231) 244-8908

    45 Total Sales

    2 in Petoskey

    $293K - $945K Price Range

    Matt Rader
     Section Image
  • Shelly Novotny Real Estate Agent - Real Estate One - Charlevoix

    Shelly Novotny

    Real Estate One - Charlevoix

    (231) 244-6564

    63 Total Sales

    2 in Petoskey

    $401K - $520K Price Range

    Shelly Novotny
     Section Image
  • Christina Roberts Real Estate Agent - Keller Williams - Northern Michigan

    Christina Roberts

    Keller Williams - Northern Michigan

    (231) 244-2315

    132 Total Sales

    5 in Petoskey

    $400K - $505K Price Range

    Christina Roberts
     Section Image
  • Kristin Rashid Real Estate Agent - Real Estate One-Milford

    Kristin Rashid

    Real Estate One-Milford

    (810) 644-1220

    77 Total Sales

    2 in Petoskey

    $412,000 Price Range

    Kristin Rashid
     Section Image
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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 Buyer Sale Price Title Company
$165,000 --
$137,900 --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $150,000
Previous Owner $5,000
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
07/13/2020 07/13/20 Sold $165,000 -7.8% $138 / Sq Ft
03/16/2020 03/16/20 For Sale $179,000 -- $149 / 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
2026 $2,265 $134,100 $134,100 $0
2025 $2,265 $123,500 $123,500 $0
2024 $22 $112,000 $112,000 $0
2023 $2,065 $97,100 $97,100 $0
2022 $2,065 $87,200 $87,200 $0
2021 $1,998 $80,500 $80,500 $0
2020 $1,559 $71,100 $71,100 $0
2019 $1,467 $69,800 $69,800 $0
2018 $1,431 $67,100 $67,100 $0
2017 -- $64,400 $64,400 $0
2016 -- $62,400 $62,400 $0
2015 -- $62,400 $0 $0
2014 -- $58,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Doug Nowels Real Estate Agent - Real Estate One

    Seller's Agent in 2020

    Doug Nowels

    Real Estate One

    (231) 838-2007

    106 Total Sales

    Doug Nowels
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Map

Source: Northern Michigan MLS

MLS Number: 461451

Northern Michigan MLS

APN: 01-19-07-155-150

Michigan Emmet County Petoskey 49770

1487 Castle Dr Unit 50, Petoskey, MI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northern Michigan MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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