Seller's Agent in 2022
Michael MacCarthy
Gaslight Group Properties
(231) 838-7700
63 in this area
180 Total Sales
215 W Mitchell St Petoskey, MI 49770
Estimated Value: $752,886
2
Beds
2.5
Baths
3,350
Sq Ft
$225/Sq Ft
Est. Value
Highlights
- Water Views
- Cathedral Ceiling
- Living Room
- Deck
- Wood Flooring
- 1-minute walk to Bear River Recreation Area
About This Home
As of May 2022Looking 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.
Home Details
Home Type
- Single Family
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 14, 2012
Sold by
Tierney Dan P
Bought by
Business Service Group Llc
Current Estimated Value
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
Outstanding Balance
$76,969
Interest Rate
3.35%
Mortgage Type
Commercial
Estimated Equity
$675,917
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
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Business Service Group Llc | -- | -- | |
| Tierney Dan P | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Business Service Group Llc | $112,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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 | $9,839 | $216,400 | $15,800 | $200,600 |
| 2024 | $94 | $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
-
Cam Braddock
Buyer's Agent in 2022
Cam Braddock
Gaslight Group Properties
(231) 330-9819
20 in this area
65 Total Sales
Map
Source: Northern Michigan MLS
MLS Number: 467963
APN: 52-19-06-202-025
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