NOT LISTED FOR SALE

1541 E Mitchell Rd Petoskey, MI 49770

Estimated Value: $456,000 - $736,000

3 Beds
2 Baths
2,127 Sq Ft
$258/Sq Ft Est. Value

Last Sold October 10, 2018

Last sale price $285,000 $134 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $3,135/month

16 Days on Market

Highlights

  • Wood Flooring
  • Lower Floor Utility Room
  • Patio
  • Main Floor Primary Bedroom
  • 2 Car Attached Garage
  • Living Room

About This Home

As of October 2018

Open House Sunday, August 26th 1-4pm. This is a must see home for anyone seeking a great value in an outstanding location. 1541 East Mitchell won’t last long because it is a rare opportunity to be close to Petoskey’s Downtown, Waterfront and K-12 school complex. The home is in outstanding condition and turn key. Get ready to enjoy the large front and private rear yard on this oversized well landscaped lot. Enjoy Bear Creek Township taxes and the amenities of the City with water and sewer. As you enter the driveway with convenient turn around you will find a nice size 2 car garage with a workbench area. The main level of the home has 3 bedrooms, family room and full bath with heated tile floor and custom vanity. The lower level features laundry and second bath. From the paint to the floor coverings to the kitchen and baths you will find everything has been updated and well maintained. This home has a high efficiency boiler, and upgraded underground electric service and panel. A very warm and welcoming home with elevated views to the south providing plenty of sunshine. It does offer the opportunity to easily add an addition on the rear of the home if you wish to create more space. One big benefit is also a second entry point off of Lincoln Place at the rear of the lot. This can be used for maintenance or as a potential added detached garage or workshop. There is a relaxing covered lanai on the west end of the home that captures the cool breezes from the lake in the summer.

Last Agent to Sell the Property

Craig Rose Mint JasoniHomefinder

Mint, LLC Listed on: 08/23/2018

Co-Listed By

Craig Rose

Mint, LLC License #6501332820

Last Buyer's Agent

David Shuman

Bay North Realty Co.

Home Details

Home Type

  • Single Family

Lot Details

  • Property is zoned E-C R-1

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,127 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Patio
  • Shed

Utilities

  • Hot Water Baseboard Heater
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 01-19-05-226-016

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 08/23/2018
  • Section: 5
  • Second Address Number: 1541
  • Directions: East on Mitchell St. past Kalamazoo, across from Petoskey Montessori Children's House & Elementary School.
  • OFFICELIST_STATE: MI
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Cable, Ceiling Fans, Dishwasher, Dryer, Patio, Paved Drive, Range, Refrigerator, Washer, Wood Floors
  • Total Finished Sq Ft: 2127
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Main
  • Bedroom 4: On Level: N/A
  • Basement: Full
  • 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: 1644
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Lower
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Rooms 1: Dimensions: 6, On Level: Main
  • Rooms 2: Dimensions: 3, On Level: Lower
  • Windows: Andersen

Exterior Features

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

Garage/Parking

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

Utilities

  • Heat Type: Hot Water Baseboard
  • Sewer: Township
  • Water: City
  • Water Heater: Natural Gas

Schools

  • School District: Petoskey

Lot Info

  • Zoning: E-C R-1

Tax Info

  • Assessor Parcel Number: 01-19-05-226-016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2018
Closed on
Oct 10, 2018
Sold by
Schupbach Ft
Bought by
Astolfi Joann
Seller's Agent
Craig Rose Mint JasoniHomefinder
Mint, LLC
Buyer's Agent
David Shuman
Bay North Realty Co.
List Price
$299,900
Sold Price
$285,000
Premium/Discount to List
-$14,900
-4.97%
Current Estimated Value
$548,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,982
Avg. Annual Appreciation
9.49%
Original Mortgage
$125,000
Outstanding Balance
$109,017
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$439,965

Purchase Details

Closed on
Jan 14, 2004
Sold by
Schupbach Arthur and Schupbach Sharon
Bought by
Schupbach Family Trust

Purchase Details

Closed on
Apr 1, 1983
Bought by
1St Nat'L Bank
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Astolfi Joann $285,000 --
Schupbach Family Trust -- --
1St Nat'L Bank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Astolfi Joann $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2018 10/10/18 Sold $285,000 -5.0% $134 / Sq Ft
08/23/2018 08/23/18 For Sale $299,900 -- $141 / 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 $3,108 $160,100 $160,100 $0
2024 $3,108 $151,600 $151,600 $0
2023 $2,834 $133,100 $133,100 $0
2022 $2,834 $117,200 $117,200 $0
2021 $2,741 $115,500 $115,500 $0
2020 $2,691 $110,500 $110,500 $0
2019 $2,285 $106,900 $106,900 $0
2018 $2,011 $92,900 $92,900 $0
2017 -- $94,600 $94,600 $0
2016 -- $89,600 $89,600 $0
2015 -- $86,500 $0 $0
2014 -- $83,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 456450

Northern Michigan MLS

APN: 01-19-05-226-016