NOT LISTED FOR SALE

1951 E Mitchell Rd Petoskey, MI 49770

Estimated Value: $715,859

9.9 Acres
$72,309 Price per Acre
431,244 Sq Ft Lot

Last Sold July 02, 2021

Last sale price $550,000 $357 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,817/month

274 Days on Market

Highlights

  • 9.9 Acre Lot
  • 1-Story Property
  • Dining Room
  • Living Room
  • Forced Air Heating System

About This Lot

As of July 2021

LOCATION LOCATION LOCATION. 9.7+/- acres in Bear Creek Township. Old farm offers so many possibilities. Easily re- zoned to R2. which is consistent with the twp zoning plans. This property has endless opportunities of resd/commercial business possibilities. Located on Mitchell just east of downtown and adjacent to the nature preserve and across from many businesses, this property is one of the last parcels available in this prestigious area of endless business opportunities locations. Would also make a great residential development.

Last Agent to Sell the Property

Steven Hutchinson

COLDWELL BANKER SCHMIDT INDIAN RIVER License #6501238231 Listed on: 08/24/2020

COLDWELL BANKER SCHMIDT INDIAN RIVER

Last Buyer's Agent

STEVE HUTCHINSON

CB NORTHERN LAKES - INDIAN RIVER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,249

Lot Details

  • 9.9 Acre Lot
  • Lot Dimensions are 194x162x184x911x426x1122
  • Property is zoned R1

Home Design

  • Frame Construction
  • Shingle Siding

Interior Spaces

  • 1,540 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room
  • Laundry on main level
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Petoskey Elementary School
  • Petoskey High School

Utilities

  • Forced Air Heating System
  • Well
  • Municipal Utilities District Sewer

Community Details

  • T34n R5w Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-01-19-04-100-003
  • Tax Block 4

Property Details

Property Type

Land

Est. Annual Taxes

$12,249

Lot Details

0

Listing Details

  • Directions: take division off 131 to corner of mitchell and division go west on mitchell about 1/4mi to home on north side.
  • Garage Yn: No
  • Lot Size: 194x162x184x911x426x1122
  • Prop. Type: Residential
  • Bedroom 1 Level: 1st
  • Bedroom 2 Level: 1st
  • Dining Room Level: 1st
  • Kitchen Level: 1st
  • Living Room Level: 1st
  • PropertySubType: Residential Acreage
  • Road Frontage Type: None
  • ResoLaundryFeatures: Main Level
  • Lot Size Acres: 9.9
  • Road Surface Type: Paved, Maintained
  • Co List Office Phone: 231-238-9336
  • MLS Status: Closed
  • Subdivision Name: T34N R5W
  • Above Grade Finished Sq Ft: 1540.0
  • Architectural Style: 1+ Story
  • ResoBuildingAreaSource: County Records
  • Contract Information:Short Sale: No
  • Property Information Waterfront: No
  • General Property Information Lot Size Dimensions: 194x162x184x911x426x1122
  • Property Information Total Bathrooms2: 1.0
  • Property Information:Style2: 1+ Story
  • Property Information Construction: Frame
  • Water Well2: Yes
  • Foundation Basement2: Yes
  • HeatingAir Forced Air3: Yes
  • Laundry Main Level: Yes
  • HeatingAir Natural Gas4: Yes
  • General Property Information:Acres: 9.9
  • Location Tax and Legal Zoning2: R1
  • Sewer Municipal4: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Has Basement: Michigan/Utility
  • BasementSpecificsBasementSize: 20x25
  • Bedroom 3 Level: 2nd
  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Natural
  • Waterfront: No
  • Construction Type: Shingles, Other
  • Foundation Details: Basement
  • Exterior Shingles: Yes

Garage/Parking

  • Property Information:Garage Stall2: 0
  • Property Information:Garage Type2: None

Utilities

  • Sewer: Municipal
  • Heating: Forced Air, Natural Gas
  • HeatingYN: Yes

Schools

  • Schools Elementary School: Petoskey
  • Schools High School: Petoskey
  • Elementary School: Petoskey
  • Junior High Dist: Petoskey
  • High School: Petoskey

Lot Info

  • Zoning: R1
  • Lot Size Sq Ft: 431244.0
  • ResoLotSizeUnits: Acres
  • Parcel Number: 24-01-19-04-100-003
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Block: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2020
Closed on
Jul 2, 2021
Sold by
Leo P Peterson
Bought by
Hoffman Michael and Hoffman Lanette
Seller's Agent
Steven Hutchinson
COLDWELL BANKER SCHMIDT INDIAN RIVER
Buyer's Agent
Steven Hutchinson
COLDWELL BANKER SCHMIDT INDIAN RIVER
Sold Price
$550,000
Current Estimated Value
$715,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,859
Avg. Annual Appreciation
6.38%
Original Mortgage
$412,500
Outstanding Balance
$374,280
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$341,579

Purchase Details

Closed on
Oct 12, 2018
Sold by
Peterson Leo P and Kabot Helen M
Bought by
Leo P Peterson Lt
Source: Public Records

Range of Values:

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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
Hoffman Michael $550,000 --
Leo P Peterson Lt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffman Michael $412,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2021 07/02/21 Sold $550,000 -- $357 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
Source: Water Wonderland Board of REALTORS®

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 $12,249 $354,800 $39,600 $315,200
2024 $12,249 $310,700 $39,600 $271,100
2023 $11,691 $272,000 $34,700 $237,300
2022 $11,691 $271,800 $271,800 $0
2021 $2,994 $121,300 $121,300 $0
2020 $2,945 $94,200 $94,200 $0
2019 $1,596 $91,700 $91,700 $0
2018 $1,558 $81,800 $81,800 $0
2017 -- $80,600 $80,600 $0
2016 -- $76,000 $76,000 $0
2015 -- $68,400 $0 $0
2014 -- $63,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Steven Hutchinson

    COLDWELL BANKER SCHMIDT INDIAN RIVER

    (800) 598-4460

    3 in this area

    97 Total Sales

    Steven Hutchinson
    Section Image

  • S

    Buyer's Agent in 2021

    STEVE HUTCHINSON

    CB NORTHERN LAKES - INDIAN RIVER

See All Agents

Map

Source: Water Wonderland Board of REALTORS®

MLS Number: 325573

Water Wonderland Board of REALTORS®

APN: 01-19-04-100-003

Michigan Emmet County Petoskey 49770

1951 E Mitchell Rd, Petoskey, MI

This home is located at 1951 E Mitchell Rd, Petoskey, MI 49770 since 24 August 2020 and is currently estimated at $715,859, approximately $464 per square foot. 1951 E Mitchell Rd is a home located in Emmet County with nearby schools including Petoskey High School, Concord Academy of Petoskey, and Petoskey Montessori Children's.

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