NOT LISTED FOR SALE

204 State St Petoskey, MI 49770

Estimated Value: $698,811

5 Beds
2.5 Baths
3,762 Sq Ft
$186/Sq Ft Est. Value

Last Sold March 09, 2022

Last sale price $505,000 $134 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,673/month

184 Days on Market

Highlights

  • Wood Flooring
  • 4 Car Detached Garage
  • Living Room
  • First Floor Utility Room
  • Patio
  • 4-minute walk to Bear River Park

About This Home

As of March 2022

This Grand Victorian in downtown Petoskey offers many options! Consisting of three levels the first floor was recently used as a dental clinic and the upper two floors as living quarters. Currently zoned multi-family, zoning will consider allowing the first floor to be used as professional office space. Live upstairs and work downstairs or lease it to generate income. Or convert it back into living quarters... the choice is yours! Located on a large corner lot a welcoming wrap around porch and extensive perennial gardens showcase this gracious home. The main entrance leads into a formal foyer with a stairway to the second floor living area that is also accessible by a rear stairway. There is a a separate entrance off of Emmet Street that is handicap accessible and leads into the former dental clinic. Sellers have recently removed walls and refinished floors to easily convert it back into living quarters. There is a 1/2 bath, kitchen/laundry room, living room, office/parlor and two additional rooms. A bright and cheery sunroom completes the first floor. The second floor hosts the living room, formal dining room, kitchen, full bath and two bedrooms including the Master Bedroom. The third floor has three bedrooms, den, and full bath. Original woodwork, hardwood floors, new roof in 2020 and a peek of the bay from the third floor! Steam heat with separate zoning for the first and upper floors. Street parking available plus a large paved parking area. A four car garage offers ample storage. Walk to Petoskey's famed Gaslight District for shopping and dining and to the Bear River Recreational area. A two year Home Warranty is included! Call for your personal tour today!

Last Agent to Sell the Property

Laurie Hodack

Coldwell Banker Schmidt - Boyne City Listed on: 07/27/2021

Coldwell Banker Schmidt - Boyne City

Last Buyer's Agent

Eric Lohman

Harbor Sothebys International Realty

Harbor Sothebys International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1880

Lot Details

  • Lot Dimensions are 95x145
  • Property is zoned RM-2

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 3,762 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Built-In Microwave
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Upstairs

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Detached Garage
  • Driveway

Outdoor Features

  • Patio

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 52-19-06-278-020

Home Details

Home Type

Single Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1880
  • Lvt Date: 07/29/2021
  • Measurement Source: Appraiser
  • Section: 6
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1880

Interior Features

  • Features: Built In Microwave, Cable, Ceiling Fans, Dryer, Garbage Disposal, Patio, Paved Drive, Range, Refrigerator, Trash Compactor, Washer, Wood Floors, Paved Road
  • Total Finished Sq Ft: 3762
  • Master Bedroom: Dimensions: 16x12, On Level: Upper
  • Bedroom 2: Dimensions: 13.9x9, On Level: Upper
  • Bedroom 3: Dimensions: 20x9, On Level: Upper
  • Bedroom 4: Dimensions: 16x15, On Level: Upper
  • Basement: Full
  • Dining Room: Dimensions: 20.5x13.1, On Level: Upper
  • Kitchen: Dimensions: 12.6x11, On Level: Upper
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 18x13.10, On Level: Upper
  • Above Grade Finished Sq Ft: 3762
  • Bathroom 1: Dimensions: 11x6.4, On Level: Upper
  • Bathroom 2: Dimensions: 8.10x8.6, On Level: Upper
  • Number Of Bedrooms: 5
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Rooms 1: Dimensions: bedroom 13.5x12.5, On Level: Upper
  • Rooms 2: Dimensions: sunroom 22.5x8.5, On Level: Main
  • Windows: Andersen

Exterior Features

  • Construction: Wood Frame/Site Built, Two Story +
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Garage/Parking

  • Garage Carport: Garage-Detached
  • Gar Car Capacity: Four +

Utilities

  • Heat Type: Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas

Lot Info

  • Estimated Lot Dimensions: 95x145
  • Lot: Y
  • Zoning: RM-2

Tax Info

  • Assessor Parcel Number: 52-19-06-278-020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2021
Closed on
Mar 9, 2022
Sold by
Wills Brian Jeremy and Wills Kim Suzanne
Bought by
Lohman Eric and Lohman Elizabeth
Seller's Agent
Laurie Hodack
Coldwell Banker Schmidt - Boyne City
Buyer's Agent
Eric Lohman
Harbor Sothebys International Realty
List Price
$550,000
Sold Price
$505,000
Premium/Discount to List
-$45,000
-8.18%
Current Estimated Value
$698,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,811
Avg. Annual Appreciation
8.76%
Original Mortgage
$404,000
Outstanding Balance
$377,466
Interest Rate
3.92%
Mortgage Type
Cash
Estimated Equity
$321,345
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
Lohman Eric $505,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lohman Eric $404,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2022 03/09/22 Sold $505,000 -3.8% $134 / Sq Ft
01/08/2022 01/08/22 Price Changed $525,000 -4.5% $140 / Sq Ft
07/27/2021 07/27/21 For Sale $550,000 -- $146 / 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 $12,658 $395,700 $45,400 $350,300
2024 $121 $380,500 $45,400 $335,100
2023 $3,027 $349,500 $32,400 $317,100
2022 $3,027 $281,400 $281,400 $0
2021 $3,294 $270,400 $270,400 $0
2020 $3,321 $230,200 $230,200 $0
2019 -- $213,400 $213,400 $0
2018 -- $216,800 $216,800 $0
2017 -- $203,800 $203,800 $0
2016 -- $195,600 $195,600 $0
2015 -- $190,400 $0 $0
2014 -- $186,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 466003

Northern Michigan MLS

APN: 52-19-06-278-020