NOT LISTED FOR SALE

1501 Willis Ave Petoskey, MI 49770

Estimated Value: $484,000 - $509,063

3 Beds
2.5 Baths
2,452 Sq Ft
$203/Sq Ft Est. Value

Last Sold October 12, 2018

Last sale price $225,000 $92 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $2,772/month

Highlights

  • Deck
  • Cathedral Ceiling
  • Main Floor Primary Bedroom
  • Wood Burning Stove
  • Wood Flooring
  • Lower Floor Utility Room

About This Home

As of October 2018

Rare find! Contractor built. Not often do you see acreage in the city limits. This home is nestled on 1.35 acres adorned with fruit trees, lilac bushes, many different species of flowers, lavender and much more. Sit out on the large covered porch/deck and watch deer, yes deer in your backyard or just enjoy the sounds of a summer evening. The full, partially finished basement is waiting to be a fully finished basement and when that is done there will be an awesome large entertaining family area. So close to the bear river trails, town, shopping and dining. This ranch style home boosts large bedrooms and bathrooms and has had many updates and renovations. Granite countertops, stainless steel appliances, Oak and Brazilian Cherry wood floors throughout and a bay window to name a few. The boiler is only 3 years old! Please call for you tour as this one is a must see!

Last Agent to Sell the Property

Beth Flynn

@properties Christie's International Real Estate - Petoskey Listed on: 05/04/2018

@properties Christie's International Real Estate - Petoskey

Last Buyer's Agent

Matt Rader

Pat O'Brien & Associates - Boyne City License #6506043534

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1974

Lot Details

  • 1.35

Parking

  • 2 Car Attached Garage

Home Design

  • Brick or Stone Mason
  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,452 Sq Ft Home
  • Cathedral Ceiling
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Vinyl Clad Windows
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Wood Flooring

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Utilities

  • Hot Water Baseboard Heater
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • 1.35 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 52-19-07-201-033

Home Details

Home Type

Single Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1974
  • Lvt Date: 05/05/2018
  • Section: 7
  • Second Address Number: 1501
  • Directions: From Hwy 131 east on Sheridan to Willis Ave on right. Follow up Willis to home on left look for sign.
  • OFFICELIST_STATE: MI
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1974

Interior Features

  • Features: Cable, Cathedral Ceilings, Deck, Dishwasher, Dryer, Garbage Disposal, Range, Refrigerator, Washer, Wood Fireplace, Wood Floors, Wood Stove
  • Total Finished Sq Ft: 2452
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Main
  • Bedroom 4: On Level: N/A
  • Basement: Block, Full
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Lower
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 1852
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Main
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Rooms 1: On Level: Lower
  • Rooms 2: On Level: N/A
  • Windows: Vinyl

Exterior Features

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

Garage/Parking

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

Utilities

  • Heat Type: Natural Gas, Hot Water Baseboard
  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas, 40 Gal

Schools

  • School District: Petoskey

Lot Info

  • Estimated Number of Acres: 1.35
  • Lot: Y
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 52-19-07-201-033

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2018
Closed on
Oct 12, 2018
Sold by
Kraus David J and Kruas Linda L
Bought by
Rolseth 3Rd Thomas J and Rolseth Mary P
Seller's Agent
Beth Flynn
@properties Christie's International Real Estate - Petoskey
Buyer's Agent
Matt Rader
Pat O'Brien & Associates - Boyne City
List Price
$239,900
Sold Price
$225,000
Premium/Discount to List
-$14,900
-6.21%
Current Estimated Value
$478,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,382
Avg. Annual Appreciation
11.60%
Original Mortgage
$180,000
Outstanding Balance
$157,305
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$340,716

Purchase Details

Closed on
Jul 29, 2010
Sold by
Kraus David Jon and Kraus Linda L
Bought by
Kraus David Jon and Kraus Linda L

Purchase Details

Closed on
May 1, 1982
Bought by
Kraus
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rolseth 3Rd Thomas J $225,000 --
Kraus David Jon -- --
Kraus $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rolseth 3Rd Thomas J $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2018 10/12/18 Sold $225,000 -6.2% $92 / Sq Ft
05/04/2018 05/04/18 For Sale $239,900 -- $98 / 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 $3,277 $206,500 $206,500 $0
2024 $3,277 $199,000 $199,000 $0
2023 $3,006 $148,400 $148,400 $0
2022 $3,006 $142,800 $142,800 $0
2021 $2,925 $129,000 $129,000 $0
2020 $2,957 $100,600 $100,600 $0
2019 -- $98,600 $98,600 $0
2018 -- $98,200 $98,200 $0
2017 -- $95,400 $95,400 $0
2016 -- $86,100 $86,100 $0
2015 -- $83,000 $0 $0
2014 -- $75,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Beth Flynn

    Seller's Agent in 2018

    Beth Flynn

    @properties Christie's International Real Estate - Petoskey

    (231) 373-3400

    11 in this area

    64 Total Sales

    Beth Flynn
    Section Image
  • Matt Rader

    Buyer's Agent in 2018

    Matt Rader

    Pat O'Brien & Associates - Boyne City

    (231) 675-8406

    2 in this area

    52 Total Sales

    Matt Rader
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 454985

Northern Michigan MLS

APN: 52-19-07-201-033

Michigan Emmet County Petoskey 49770

1501 Willis Ave, Petoskey, MI

Not Listed for Sale

Detached

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