NOT LISTED FOR SALE

215 W Mitchell St Petoskey, MI 49770

Estimated Value: $673,730

2 Beds
2.5 Baths
3,350 Sq Ft
$201/Sq Ft Est. Value

Last Sold May 20, 2022

Last sale price $549,000 $164 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $4,573/month

4 Days on Market

Highlights

  • Water Views
  • Cathedral Ceiling
  • Living Room
  • Deck
  • Wood Flooring
  • 1-minute walk to Bear River Recreation Area

About This Home

As of May 2022

Looking for a diverse income or personal use property? This commercial/residential building in the heart of Petoskey offers a multitude of possibilities and is currently configured as main floor office/studio with a sleek newly renovated second floor condominium. The income potential is vast as you could run your business on the main floor and live above or live above and lease below. The real wild card is the potential to short term lease the upstairs which current zoning may allow with a license. Being newly renovated means this is set to go from the moment you take ownership and the property features: views of Little Traverse Bay from both levels, newer mechanicals/electric service, updated lighting/doors/surfaces, ample off-street parking in the rear, fenced in dog area, second floor bright and happy sun deck, hard wood flooring, and so much more. The potential to generate revenue is strong and the future of Petoskey as a regional hub of commerce is bright. This location between McLaren Northern Michigan Hospital and the Gaslight District is an ideal place to position yourself for the future. Call today to schedule a personal tour.

Last Listed By

Michael MacCarthy

Gaslight Group Properties Listed on: 04/22/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,839

Year Built

  • 1880

Lot Details

  • Property is zoned B-3

Parking

  • Driveway

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 3,350 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Family Room on Second Floor
  • Living Room
  • Dining Room
  • Second Floor Utility Room
  • Wood Flooring
  • Water Views
  • Partial Basement

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Upstairs

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Shed

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 52-19-06-202-025

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,839

Year Built

1880

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 04/22/2022
  • Section: 6
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built (Public Record): 1880

Interior Features

  • Features: Cable, Cathedral Ceilings, Ceiling Fans, Central Air, Deck, Dishwasher, Dryer, Garbage Disposal, Mini Blinds, Paved Drive, Range, Refrigerator, Washer, Wood Floors
  • Total Finished Sq Ft: 3350
  • Master Bedroom: On Level: Upper
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: N/A
  • Bedroom 4: On Level: N/A
  • Total Rooms: 12
  • Basement: Partial
  • Dining Room: On Level: Upper
  • Kitchen: On Level: Upper
  • Family Room: On Level: Upper
  • Living Room: On Level: Upper
  • Above Grade Finished Sq Ft: 3350
  • Bathroom 1: On Level: Upper
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A

Exterior Features

  • Construction: Wood Frame/Site Built
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither
  • Water View: Y

Utilities

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

Schools

  • School District: Petoskey

Lot Info

  • Zoning: B-3

Tax Info

  • Assessor Parcel Number: 52-19-06-202-025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2022
Closed on
May 20, 2022
Sold by
Rouwhorst Mark and Rouwhorst Ciarra
Bought by
Powell John and Powell Mallory
Seller's Agent
Michael MacCarthy
Gaslight Group Properties
Buyer's Agent
Cam Braddock
Gaslight Group Properties
List Price
$549,000
Sold Price
$549,000
Total Days on Market
4
Current Estimated Value
$673,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,730
Avg. Annual Appreciation
7.09%

Purchase Details

Closed on
Nov 14, 2012
Sold by
Tierney Dan P
Bought by
Business Service Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
3.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 19, 2011
Sold by
Tierney Dan P and Tierney Barbara A
Bought by
Tierney Dan P and Dan P Tierney Trust Dated October 11, 19

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
Powell John -- Jnorth Title Agency Llc
Business Service Group Llc -- --
Tierney Dan P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Business Service Llc $98,000
Previous Owner Business Service Group Llc $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2022 05/20/22 Sold $549,000 0.0% $164 / Sq Ft
04/22/2022 04/22/22 For Sale $549,000 -- $164 / 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
2024 $9,839 $198,000 $15,800 $182,200
2023 $5,238 $177,900 $11,300 $166,600
2022 $5,238 $167,300 $10,000 $157,300
2021 $5,093 $158,600 $24,500 $134,100
2020 $5,125 $127,400 $24,500 $102,900
2019 -- $114,200 $24,500 $89,700
2018 -- $117,200 $24,500 $92,700
2017 -- $107,100 $24,500 $82,600
2016 -- $100,700 $24,500 $76,200
2015 -- $96,300 $0 $0
2014 -- $93,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael MacCarthy

    Seller's Agent in 2022

    Michael MacCarthy

    Gaslight Group Properties

    (231) 838-7700

    197 Total Sales

    Michael MacCarthy
    Section Image
  • Cam Braddock

    Buyer's Agent in 2022

    Cam Braddock

    Gaslight Group Properties

    (231) 330-9819

    73 Total Sales

    Cam Braddock
    Section Image
See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 467963

Northern Michigan MLS

APN: 52-19-06-202-025

Michigan Emmet County Petoskey 49770

215 W Mitchell St, Petoskey, MI

Homes for Sale in Petoskey, MI

This home is located at 215 W Mitchell St, Petoskey, MI 49770 since 22 April 2022 and is currently estimated at $673,730, approximately $201 per square foot. This property was built in 1880. 215 W Mitchell St 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.

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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