$1,010,000
SOLD NOV 12, 2024

3061 Oden Island Dr Petoskey, MI 49770

4 Beds
3 Baths
3,274 Sq Ft
0.71 Acres

Recently Sold

$308 Per Sq Ft

19% Below List Price

110 Days on Market

Highlights

  • 120 Feet of Waterfront
  • Deck
  • Cathedral Ceiling
  • Docks
  • Wood Burning Stove
  • Wood Flooring

About This Home

As of November 2024

Located on Oden Island, this spacious home offers 120 feet of waterfront living, four bedrooms, and three baths, making it a perfect family retreat. This cherished family cottage provides a serene escape with a large deck overlooking picturesque Crooked Lake. Enjoy the southern exposure that bathes the home in natural light. This inviting lakefront home with ample, open front and back yard is perfect for family fun and relaxation. Nestled in a quiet area and near the island's nature preserve, this property is ideal for those seeking peace and nature. The expansive frontage had good depth for playing off the included dock or tying up your boat. This unique property offers the ideal combination of waterfront living, a peaceful setting, and easy access to all that Petoskey has to offer. Don’t miss this opportunity to live on Oden Island in your own waterfront retreat on the Inland Waterway.

Last Agent to Sell the Property

William Winslow

Coldwell Banker Schmidt- Harbor Springs Listed on: 07/25/2024

Coldwell Banker Schmidt- Harbor Springs

Last Buyer's Agent

William Winslow

Coldwell Banker Schmidt- Harbor Springs Listed on: 07/25/2024

Coldwell Banker Schmidt- Harbor Springs

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,274

Year Built

  • Built in 1964

Lot Details

  • 120 Feet of Waterfront
  • Sprinkler System
  • Property is zoned EC RR

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 3,274 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Blinds
  • Wood Frame Window
  • Family Room
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Wood Flooring
  • Water Views

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Docks
  • Deck

Utilities

  • Electric Baseboard Heater
  • Well
  • Electric Water Heater
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 07-17-20-326-025

Community Details

Overview

  • Oden Island Association

Recreation

  • Snowmobile Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,274

Year Built

Built in 1964

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1964
  • Lvt Date: 07/25/2024
  • Section: 20
  • Second Address Number: 3061
  • Directions: US-31 to Pickerel Lake Road. Continue on Channel Road. Turn Left and Continue on Channel Road. Left on Oden Island. Property is on Left.
  • Price per Sq Ft: 308.49
  • OFFICELIST_STATE: MI
  • Street Designation: Road
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1964

Interior Features

  • Features: Built In Microwave, Cable, Cathedral Ceilings, Ceiling Fans, Deck, Dishwasher, Dock, Dryer, Garbage Disposal, Mini Blinds, Paved Drive, Range, Refrigerator, Sprinkler System, Washer, Wood Fireplace, Wood Floors, Wood Stove, Near Snowmobile Trails
  • Total Finished Sq Ft: 3274
  • Master Bedroom: Dimensions: 21.10 x 14, On Level: Main
  • Bedroom 2: Dimensions: 10.6 x 16.5, On Level: Main
  • Bedroom 3: Dimensions: 16.8 x 11.4, On Level: Upper
  • Bedroom 4: Dimensions: 11.11 x 13.4, On Level: Upper
  • Total Rooms: 10
  • Basement: Crawl, Partial
  • Dining Room: Dimensions: 14.10 x 16.4, On Level: Main
  • Kitchen: Dimensions: 15.4 x 18.10, On Level: Main
  • Family Room: Dimensions: 21 x 14.4, On Level: Main
  • Living Room: Dimensions: 16.8 x 27.2, On Level: Main
  • Above Grade Finished Sq Ft: 2720
  • Bathroom 1: Dimensions: 9.2 x 7.8, On Level: Main
  • Bathroom 2: Dimensions: 7.6 x 5.3, On Level: Upper
  • Number Of Bedrooms: 4
  • Full Bathrooms: 3
  • Rooms 1: Dimensions: Breakfast Nook 14.6x10.11, On Level: Main
  • Rooms 2: Dimensions: 13.2 x 11.3, On Level: Lower
  • Windows: Wood Sash

Exterior Features

  • Construction: Wood Frame/Site Built, Two Story +
  • Lake: Crooked
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 120
  • Waterfront Water Access: Water Front
  • Water View: Yes
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

  • Garage Carport: Garage-Attached
  • Gar Car Capacity: Two

Utilities

  • Heat Type: Electric Baseboard
  • Sewer: Septic
  • Water: Well
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: Oden Island
  • Association: Yes
  • Fees: 600

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Zoning: EC RR

Tax Info

  • Assessor Parcel Number: 07-17-20-326-025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2024
Closed on
Nov 12, 2024
Sold by
Russell James A and The Phyllis M Russell Trust
Bought by
Hasty Daniel J and Hasty Amy R
Seller's Agent
William Winslow
Coldwell Banker Schmidt- Harbor Springs
Buyer's Agent
William Winslow
Coldwell Banker Schmidt- Harbor Springs
List Price
$1,249,000
Sold Price
$1,010,000
Premium/Discount to List
-$239,000
-19.14%
Views
113
Current Estimated Value
$896,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$113,490
Avg. Annual Appreciation
-13.23%
Original Mortgage
$375,000
Outstanding Balance
$372,204
Interest Rate
6.44%
Estimated Equity
$524,306

Purchase Details

Listed on
Jul 25, 2024
Closed on
Nov 8, 2024
Sold by
Russell Phyllis Trust
Bought by
Hasty Daniel J and Hasty Amy R
Seller's Agent
William Winslow
Coldwell Banker Schmidt- Harbor Springs
Buyer's Agent
William Winslow
Coldwell Banker Schmidt- Harbor Springs
List Price
$1,249,000
Sold Price
$1,010,000
Premium/Discount to List
-$239,000
-19.14%
Views
113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$372,204
Interest Rate
6.44%
Estimated Equity
$524,306

Purchase Details

Closed on
Oct 31, 2006
Sold by
Russell Phyllis M
Bought by
Russell Phyllis Trust

Purchase Details

Closed on
Jun 7, 2001
Sold by
Russell Phyllis M
Bought by
Russell Russell W and Russell Phyllis M

Purchase Details

Closed on
Sep 1, 1996
Bought by
Russell Pta

Purchase Details

Closed on
Nov 1, 1986
Sold by
Garber Wd L385 P408
Bought by
Keller Study Weight Rps

Purchase Details

Closed on
Jul 1, 1984
Bought by
Garber
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $875,000 Talon Title Agency
Warranty Deed $875,000 --
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $260,000 --
Deed $200,000 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $375,000 No Value Available
Closed $375,000 New Conventional
Previous Owner $150,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2024 11/12/24 Sold $1,010,000 -7.8% $308 / Sq Ft
09/08/2024 09/08/24 Price Changed $1,095,000 -8.4% $334 / Sq Ft
08/06/2024 08/06/24 Price Changed $1,195,000 -4.3% $365 / Sq Ft
07/25/2024 07/25/24 For Sale $1,249,000 -- $381 / 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 $10,274 $419,500 $419,500 $0
2024 $10,274 $364,400 $364,400 $0
2023 $9,418 $297,200 $297,200 $0
2022 $9,418 $274,600 $274,600 $0
2021 $9,029 $267,300 $267,300 $0
2020 $8,884 $268,500 $268,500 $0
2019 -- $248,300 $248,300 $0
2018 -- $221,200 $221,200 $0
2017 -- $222,500 $222,500 $0
2016 -- $227,600 $227,600 $0
2015 -- $228,100 $0 $0
2014 -- $211,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 474440

Northern Michigan MLS

APN: 07-17-20-326-025