NOT LISTED FOR SALE

1679 Penny Ln Unit Lot 1 Petoskey, MI 49770

Estimated Value: $47,000 - $193,000

1 Acre
$120,667 Price per Acre
43,560 Sq Ft Lot

Last Sold May 12, 2023

Last sale price $15,000

Est. 730% increase in value since last sale

Current estimated payment $814/month

70 Days on Market

About This Lot

As of May 2023

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: 01/25/2023

Berkshire Hathaway HomeServices Michigan Real Estate - HS

Co-Listed By

Sally Teal

Berkshire Hathaway HomeServices Michigan Real Estate - HS

Last Buyer's Agent

Matt Hausler

Real Estate One License #6501427975

Real Estate One

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,034

Lot Details

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

HOA Fees

  • $40 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 01-19-19-151-101

Property Details

Property Type

Land

Est. Annual Taxes

$1,034

Lot Details

0

HOA Fees

$40 per month

Listing Details

  • Class: LOTS/LAND
  • Type: Lots/Land
  • Type 2: Lot
  • Lvt Date: 01/25/2023
  • 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: $475
  • 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: Under 1
  • Terrain: Gently Rolling

Tax Info

  • Assessor Parcel Number: 01-19-19-151-101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2025
Sold by
Emmet County Treasurer
Bought by
Rob & Peggy Investments Llc
Current Estimated Value
$124,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2025
Sold by
Rob & Peggy Investments Llc
Bought by
Emmet County Treasurer

Purchase Details

Listed on
Jan 25, 2023
Closed on
May 9, 2023
Sold by
Oak Ridge-Petoskey Llc
Bought by
Rob & Peggy Investments Llc
Seller's Agent
Tom Mooradian
Berkshire Hathaway HomeServices Michigan Real Estate - HS
Buyer's Agent
Matt Hausler
Real Estate One
List Price
$17,900
Sold Price
$15,000
Premium/Discount to List
-$2,900
-16.2%
Views
186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
153.65%

Purchase Details

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

Range of Values:

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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
Rob & Peggy Investments Llc $923 --
Emmet County Treasurer $901 --
Rob & Peggy Investments Llc $15,000 --
Oak Ridge - Petoskey Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Robert & Peggy Investments Llc $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2023 05/12/23 Sold $15,000 -16.2% --
01/25/2023 01/25/23 For Sale $17,900 -- --
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 $1,034 $26,600 $26,600 $0
2024 $1,034 $24,100 $24,100 $0
2023 $462 $21,600 $21,600 $0
2022 $462 $20,800 $20,800 $0
2021 $447 $19,100 $19,100 $0
2020 $440 $19,100 $19,100 $0
2019 $412 $19,100 $19,100 $0
2018 $406 $19,900 $19,900 $0
2017 -- $19,900 $19,900 $0
2016 -- $19,500 $19,500 $0
2015 -- $18,700 $0 $0
2014 -- $17,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tom Mooradian

    Seller's Agent in 2023

    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 2023

    Sally Teal

    Berkshire Hathaway HomeServices Michigan Real Estate - HS

    (231) 881-9989

    24 in this area

    99 Total Sales

    Section Image
  • Matt Hausler

    Buyer's Agent in 2023

    Matt Hausler

    Real Estate One

    (231) 881-4329

    7 in this area

    56 Total Sales

    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 470288

Northern Michigan MLS

APN: 01-19-19-151-101

Michigan Emmet County Petoskey 49770

1679 Penny Ln Unit Lot 1, Petoskey, MI

This home is located at 1679 Penny Ln Unit Lot 1, Petoskey, MI 49770 since 25 January 2023 and is currently estimated at $120,667. 1679 Penny Ln Unit Lot 1 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.

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