NOT LISTED FOR SALE

216 State St Petoskey, MI 49770

Petoskey Area

Estimated Value: $304,000 - $473,000

5 Beds
3 Baths
2,464 Sq Ft
$151/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2019

Last sale price $150,000 $61 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $2,242 / mo

504 Days on Market

Highlights

  • Wood Frame Window
  • Ceiling Fan
  • 4-minute walk to Bear River Park
  • Forced Air Heating System

About This Home

As of September 2019

Great income property only 2 blocks from downtown Petoskey located just off the newly installed Greenway. 3 units - all currently occupied. Rental demand in-town Petoskey is higher than ever before and this would be a great addition to your portfolio and/or a home run if you're looking to get into rental properties for the first time. Live in one unit and rent out the other two and have your mortgage paid for! Options and potential galore. Priced to sell! Asking $5,100 UNDER current appraisal value!

Last Agent to Sell the Property

Cam Braddock

Gaslight Group Properties Listed on: 04/20/2018

Last Buyer's Agent

Danielle Smith

Gaslight Group Properties

Property Details

Home Type

  • Multi-Family

Lot Details

  • Lot Dimensions are 53x145

Home Design

  • Triplex
  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,464 Sq Ft Home
  • Ceiling Fan
  • Wood Frame Window
  • Range

Utilities

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

Community Details

  • 3 Units
  • 3 Separate Electric Meters

Listing and Financial Details

  • Assessor Parcel Number 52-19-06-278-022

Property Details

Home Type

Multi-Family

Lot Details

7,797 Sq Ft Lot

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multifamily
  • Type 2: Triplex
  • Lvt Date: 04/20/2018
  • Section: 6
  • Second Address Number: 216
  • Directions: Mitchell to Emmet. Left on State - house on the right.
  • OFFICELIST_STATE: MI
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Features: Cable, Ceiling Fans, Range, Refrigerator
  • Total Sq Ft: 2464
  • Above Grade Finished Sq Ft: 2464
  • Windows: Wood Sash

Exterior Features

  • Construction: Wood Frame
  • Roof: Asphalt Shingles
  • Waterfront Water Access: Neither

Utilities

  • Heat Type: Natural Gas, Forced Air
  • Sewer: City
  • Water: City
  • Number Electric Meters: 3

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 53x145
  • Lot: Y
  • Zoning: RM-2

Tax Info

  • Assessor Parcel Number: 52-19-06-278-022

Multi Family

  • Number Of Units: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2018
Closed on
Sep 30, 2019
Sold by
Bought by
Seller's Agent
Cam Braddock
Gaslight Group Properties
Buyer's Agent
Danielle Smith
Gaslight Group Properties
List Price
$249,900
Sold Price
$150,000
Premium/Discount to List
-$99,900
-39.98%
Current Estimated Value
$372,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,226
Avg. Annual Appreciation
14.23%

Purchase Details

Listed on
Sep 10, 2013
Closed on
Jan 10, 2014
Sold by
Bought by
Seller's Agent
Roxanne Beach
Berkshire Hathaway HomeServices Michigan Real Estate - HS
Buyer's Agent
Phyllis Burkee
Jack Van Treese & Assoc..
List Price
$129,900
Sold Price
$80,000
Premium/Discount to List
-$49,900
-38.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.62%
Original Mortgage
$64,000
Interest Rate
4.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 1998
Bought by

Purchase Details

Closed on
Mar 5, 1993
Sold by
Bought by

Purchase Details

Closed on
Mar 1, 1992
Sold by
Bought by

Purchase Details

Closed on
Mar 1, 1987
Sold by
Bought by

Purchase Details

Closed on
Sep 1, 1984
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$150,000 Attorneys Title
$80,000 Attorneys Title Agency Llc
$80,000 --
-- --
$89,000 --
$21,000 --
$36,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner --
Previous Owner $64,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2019 09/30/19 Sold $150,000 -9.0% $61 / Sq Ft
09/04/2019 09/04/19 Price Changed $164,900 -5.7% $67 / Sq Ft
07/02/2019 07/02/19 Price Changed $174,900 -2.8% $71 / Sq Ft
03/08/2019 03/08/19 Price Changed $179,900 -10.0% $73 / Sq Ft
10/30/2018 10/30/18 Price Changed $199,900 -4.8% $81 / Sq Ft
08/16/2018 08/16/18 Price Changed $209,900 -16.0% $85 / Sq Ft
04/20/2018 04/20/18 For Sale $249,900 +212.4% $101 / Sq Ft
01/10/2014 01/10/14 Sold $80,000 -38.4% $32 / Sq Ft View Prior Sale
11/26/2013 11/26/13 Pending -- -- --
09/10/2013 09/10/13 For Sale $129,900 -- $53 / Sq Ft
Source: Northern Michigan MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,572 $212,600 $212,600 $0
2025 $2,572 $164,200 $164,200 $0
2024 $25 $100,000 $100,000 $0
2023 $2,459 $46,500 $46,500 $0
2022 $2,459 $46,500 $46,500 $0
2021 $2,467 $46,500 $46,500 $0
2020 $2,508 $46,500 $46,500 $0
2019 -- $46,500 $46,500 $0
2018 -- $46,500 $46,500 $0
2017 -- $46,500 $46,500 $0
2016 -- $37,500 $37,500 $0
2015 -- $78,800 $0 $0
2014 -- $78,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cam Braddock

    Seller's Agent in 2019

    Cam Braddock

    Gaslight Group Properties

    (231) 330-9819

    1 in this area

    55 Total Sales

    Cam Braddock
    Section Image

  • D

    Buyer's Agent in 2019

    Danielle Smith

    Gaslight Group Properties

    (517) 256-5856

    42 Total Sales

    Danielle Smith
    Section Image
  • Roxanne Beach

    Seller's Agent in 2014

    Roxanne Beach

    Berkshire Hathaway HomeServices Michigan Real Estate - HS

    (231) 526-9800

    98 Total Sales

    Roxanne Beach
    Section Image
  • Phyllis Burkee

    Buyer's Agent in 2014

    Phyllis Burkee

    Jack Van Treese & Assoc..

    (231) 838-5307

    7 Total Sales

    Phyllis Burkee
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 454794

Northern Michigan MLS

APN: 52-19-06-278-022

Michigan Emmet County Petoskey 49770

216 State St, Petoskey, MI

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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