NOT LISTED FOR SALE

1555 Lake Grove Rd Petoskey, MI 49770

Estimated Value: $654,000 - $1,274,000

3 Beds
2.5 Baths
4,768 Sq Ft
$204/Sq Ft Est. Value

Last Sold August 27, 2021

Last sale price $745,000 $156 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,986/month

Highlights

  • Water Views
  • Cathedral Ceiling
  • Pole Barn
  • 10 Acre Lot
  • Wood Flooring
  • Main Floor Primary Bedroom

About This Home

As of August 2021

Inviting and attractive custom-crafted log home on 10 acres just moments from downtown Petoskey. With captivating views overlooking Lake Michigan and beyond, this setting encompasses a flowing stream and pond, and a newer 40’ x 60’ wood-framed barn with a 12’ ceiling and 10’ doors. The extensive covered porches welcome outdoor living embracing the panoramic water views and the tranquil days and evenings in alluring natural surroundings. Notable aspects of this property include a welcoming entrance foyer, vast living area with a cathedral ceiling and floor-to-ceiling windows, a grand master suite with spacious walk-in closet, desirable open floor plan with first floor laundry, and a spacious attached three-car attached garage. Further appealing attributes comprise a gracious walk-out lower level with family room, two additional bedrooms, kitchenette, and convenient workshop with direct access to the heated garage. Indulge in the beauty of northern Michigan with easy access to shopping, dining, beaches, boating, golfing, and in close proximity to the extensive trails for hiking, biking and running. This unique opportunity awaits.

Last Agent to Sell the Property

Chris Etienne

Harbor Sothebys International Realty Listed on: 08/19/2020

Harbor Sothebys International Realty

Last Buyer's Agent

Mark Ashley

Coldwell Banker Schmidt - Petoskey License #6502139858

Coldwell Banker Schmidt - Petoskey

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,909

Year Built

  • Built in 2002

Lot Details

  • 10 Acre Lot
  • Lot Dimensions are 330 x 1322
  • Creek or Stream
  • Property is zoned RTFF

Home Design

  • Asphalt Shingled Roof

Interior Spaces

  • 4,768 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Thermal Windows
  • Insulated Windows
  • Blinds
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Wood Flooring
  • Water Views
  • Home Security System

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Finished Basement

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

Parking

  • 3 Car Garage
  • Driveway

Outdoor Features

  • Patio
  • Pole Barn

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 13-18-10-400-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,909

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2002
  • Lvt Date: 09/04/2020
  • Measurement Source: Owner
  • Section: 10
  • S E V Yr: 371,300/2020
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2002

Interior Features

  • Features: Built In Microwave, Cable, Cathedral Ceilings, Ceiling Fans, Central Air, Dishwasher, Dryer, Garbage Disposal, Gas Fireplace, Mini Blinds, Patio, Paved Drive, Range, Refrigerator, Washer, Wood Floors, Security System, Stream/Creek, Paved Road
  • Total Finished Sq Ft: 4768
  • Master Bedroom: Dimensions: 16 x 28, On Level: Main
  • Bedroom 2: On Level: Lower
  • Bedroom 3: On Level: Lower
  • Bedroom 4: On Level: N/A
  • Total Rooms: 10
  • Basement: Full, Walkout, Finished
  • Dining Room: On Level: Main
  • Kitchen: Dimensions: 14 x 28, On Level: Main
  • Family Room: Dimensions: 28 x 28, On Level: Lower
  • Living Room: Dimensions: 28 x 24, On Level: Main
  • Above Grade Finished Sq Ft: 2584
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Main
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Rooms 1: Dimensions: Lower Level Kitchen, On Level: Lower
  • Rooms 2: Dimensions: Loft 20 x 20, On Level: Upper
  • Windows: Thermo, Insulated

Exterior Features

  • Construction: Two Story +
  • Lake: Michigan
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither
  • Water View: Y

Garage/Parking

  • Garage Carport: Garage-Attached, Garage-Detached
  • Gar Car Capacity: Three

Utilities

  • Heat Type: Natural Gas, Forced Air
  • Sewer: Septic
  • Water: Well
  • Water Heater: Natural Gas

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 330 x 1322
  • Estimated Number of Acres: 10
  • Zoning: RTFF

Tax Info

  • Assessor Parcel Number: 13-18-10-400-001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2020
Closed on
Aug 25, 2021
Sold by
Sterling Fox Llc
Bought by
Finley David Roland and Finley Heidi Marie
Seller's Agent
Chris Etienne
Harbor Sothebys International Realty
Buyer's Agent
Mark Ashley
Coldwell Banker Schmidt - Petoskey
List Price
$1,050,000
Sold Price
$745,000
Premium/Discount to List
-$305,000
-29.05%
Current Estimated Value
$973,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,238
Avg. Annual Appreciation
6.74%
Original Mortgage
$545,000
Outstanding Balance
$495,909
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$477,329

Purchase Details

Listed on
Aug 28, 2015
Closed on
Oct 14, 2016
Sold by
Kline Thomas J
Bought by
Sterling Fox Llc
Seller's Agent
Ken Ames
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
John Russell
Kidd & Leavy Real Estate Co. LLC
List Price
$799,000
Sold Price
$700,000
Premium/Discount to List
-$99,000
-12.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.29%

Purchase Details

Closed on
Nov 1, 1988
Sold by
Kellogg Wd L441 P310
Bought by
Kline Rps
Source: Public Records

Range of Values:

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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
Finley David Roland -- --
Sterling Fox Llc -- Crossroads Title
Kline Rps $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Finley David Roland $545,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2021 08/27/21 Sold $745,000 -12.4% $156 / Sq Ft
06/25/2021 06/25/21 Price Changed $850,000 -8.6% $178 / Sq Ft
04/23/2021 04/23/21 Price Changed $930,000 -6.5% $195 / Sq Ft
12/14/2020 12/14/20 Price Changed $995,000 -5.2% $209 / Sq Ft
08/19/2020 08/19/20 For Sale $1,050,000 +50.0% $220 / Sq Ft
10/21/2016 10/21/16 Sold $700,000 -12.4% $147 / Sq Ft
09/15/2016 09/15/16 Pending -- -- --
08/28/2015 08/28/15 For Sale $799,000 -- $168 / 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 $9,909 $444,300 $40,000 $404,300
2024 $9,909 $446,400 $40,000 $406,400
2023 $9,026 $471,200 $35,000 $436,200
2022 $9,026 $387,500 $387,500 $0
2021 $7,654 $347,800 $347,800 $0
2020 $13,401 $371,300 $371,300 $0
2019 -- $364,800 $364,800 $0
2018 -- $312,400 $312,400 $0
2017 -- $317,600 $317,600 $0
2016 -- $171,000 $171,000 $0
2015 -- $169,200 $0 $0
2014 -- $149,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Etienne

    Seller's Agent in 2021

    Chris Etienne

    Harbor Sothebys International Realty

    (231) 439-2031

    94 in this area

    136 Total Sales

    Chris Etienne
    Section Image
  • Mark Ashley

    Buyer's Agent in 2021

    Mark Ashley

    Coldwell Banker Schmidt - Petoskey

    (231) 330-3999

    18 in this area

    64 Total Sales

    Mark Ashley
    Section Image
  • Ken Ames

    Seller's Agent in 2016

    Ken Ames

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-7909

    72 Total Sales

    Ken Ames
    Section Image
  • John Russell

    Buyer's Agent in 2016

    John Russell

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-4667

    11 in this area

    72 Total Sales

    John Russell
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 463152

Northern Michigan MLS

APN: 13-18-10-400-001

Michigan Emmet County Petoskey 49770

1555 Lake Grove Rd, Petoskey, MI

This home is located at 1555 Lake Grove Rd, Petoskey, MI 49770 since 19 August 2020 and is currently estimated at $973,238, approximately $204 per square foot. This property was built in 2002. 1555 Lake Grove Rd is a home located in Emmet County with nearby schools including Petoskey High School, St. Francis Xavier School, and Petoskey Montessori Children's.

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.

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