NOT LISTED FOR SALE

1655 Penny Ln Unit Lot 2 Petoskey, MI 49770

Estimated Value: $318,000 - $437,000

1 Acre
$400,966 Price per Acre
43,560 Sq Ft Lot

Last Sold October 04, 2022

Last sale price $22,400

Est. 1,692% increase in value since last sale

Current estimated payment $2,821/month

242 Days on Market

About This Lot

As of October 2022

Oakridge Farm features great building sites for your family home. Located just 2 miles south of town in a nice, treed, country setting. Enjoy the gently rolling terrain, community park area and distant views from many of the sites. Paved roads and lots are marked.

Last Agent to Sell the Property

Tom Mooradian

Berkshire Hathaway HomeServices Michigan Real Estate - HS Listed on: 01/21/2022

Berkshire Hathaway HomeServices Michigan Real Estate - HS

Co-Listed By

Sally Teal

Berkshire Hathaway HomeServices Michigan Real Estate - HS

Berkshire Hathaway HomeServices Michigan Real Estate - HS

Last Buyer's Agent

Sally Teal

Berkshire Hathaway HomeServices Michigan Real Estate - HS

Berkshire Hathaway HomeServices Michigan Real Estate - HS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,012

Lot Details

  • 1 Acre Lot
  • Gentle Sloping Lot
  • Landscaped with Trees

HOA Fees

  • $38 Monthly HOA Fees

Utilities

  • Underground Utilities
  • Well Required
  • Septic Needed
  • Phone Available

Community Details

  • Oakridge Farm Estates Association

Listing and Financial Details

  • Assessor Parcel Number 01-19-19-151-102

Property Details

Property Type

Land

Est. Annual Taxes

$7,012

Lot Details

0

HOA Fees

$38 per month

Listing Details

  • Class: LOTS/LAND
  • Type: Lots/Land
  • Type 2: Lot
  • Lvt Date: 01/21/2022
  • Section: 19
  • Survey: y
  • Hd Approved: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Features: Electric, Phone, Mixed Trees, Natural Gas, Under Ground Utilities

Exterior Features

  • Waterfront Water Access: Neither

Utilities

  • Sewer: Septic Needed
  • Water: Well Needed

Condo/Co-op/Association

  • Association: Oakridge Farm Estates
  • Association: Yes
  • Fees: $450
  • Site Condo: y

Schools

  • School District: Petoskey

Lot Info

  • Estimated Number of Acres: 1
  • Zoning: Residential
  • Deed Restrictions: Master Deed
  • Improvements: Underground Utilites
  • Number Of Acres: 1 - 2
  • Terrain: Gently Rolling

Tax Info

  • Assessor Parcel Number: 01-19-19-151-102

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2025
Sold by
Development Group Petoskey Llc
Bought by
Wheeler Brett L
Current Estimated Value
$401,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Outstanding Balance
$399,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$1,966

Purchase Details

Closed on
Aug 8, 2024
Sold by
Denison Michael A and Zoodsma Zack J
Bought by
Development Group Petoskey Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,000
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2024
Sold by
Oak Ridge Petoskey Llc
Bought by
Zoodsma Zack J and Denison Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,000
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2006
Bought by
Oak Ridge - Petoskey Llc
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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
Wheeler Brett L $420,000 Talon Title Agency
Development Group Petoskey Llc -- --
Zoodsma Zack J $307,400 --
Oak Ridge - Petoskey Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wheeler Brett L $399,000
Previous Owner Development Group Petoskey Llc $278,000
Closed Zoodsma Zack J --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2022 10/04/22 Sold $22,400 -6.3% --
01/21/2022 01/21/22 For Sale $23,900 -- --
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 $7,012 $187,200 $187,200 $0
2024 $7,012 $180,800 $180,800 $0
2023 $462 $155,700 $155,700 $0
2022 $462 $21,900 $21,900 $0
2021 $447 $20,200 $20,200 $0
2020 $440 $20,200 $20,200 $0
2019 $412 $20,200 $20,200 $0
2018 $406 $21,000 $21,000 $0
2017 -- $21,000 $21,000 $0
2016 -- $20,600 $20,600 $0
2015 -- $19,700 $0 $0
2014 -- $20,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tom Mooradian

    Seller's Agent in 2022

    Tom Mooradian

    Berkshire Hathaway HomeServices Michigan Real Estate - HS

    (616) 334-6672

    24 in this area

    96 Total Sales

    Section Image
  • Sally Teal

    Seller Co-Listing Agent in 2022

    Sally Teal

    Berkshire Hathaway HomeServices Michigan Real Estate - HS

    (231) 881-9989

    24 in this area

    99 Total Sales

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Map

Source: Northern Michigan MLS

MLS Number: 467277

Northern Michigan MLS

APN: 01-19-19-151-102

Michigan Emmet County Petoskey 49770

1655 Penny Ln Unit Lot 2, Petoskey, MI

This home is located at 1655 Penny Ln Unit Lot 2, Petoskey, MI 49770 since 21 January 2022 and is currently estimated at $400,966. 1655 Penny Ln Unit Lot 2 is a home located in Emmet County with nearby schools including Petoskey High School, St. Francis Xavier School, and Petoskey Sda Elementary School.

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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