NOT LISTED FOR SALE

307 E Lake St Unit 5 Petoskey, MI 49770

Estimated Value: $471,000 - $681,000

3 Beds
2.5 Baths
1,736 Sq Ft
$335/Sq Ft Est. Value

Last Sold July 10, 2019

Last sale price $314,500 $181 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $3,861/month

24 Days on Market

Highlights

  • Deck
  • First Floor Utility Room
  • Brick or Stone Mason
  • Wood Flooring
  • Thermal Windows
  • 2-minute walk to Pennsylvania Park

About This Home

As of July 2019

One of a kind! Beautiful Lake views from this condo in the heart of downtown Petoskey. This condo is lovely. It has the original wood floors, moldings and doors. Great open floor plan. Three bedrooms all en-suites. Beautifully renovated! Great deck to watch sunsets. This unit comes with one parking space.

Last Agent to Sell the Property

Carol Fay

Coldwell Banker Schmidt - Petoskey Listed on: 05/28/2019

Coldwell Banker Schmidt - Petoskey

Last Buyer's Agent

Phyllis Burkee

Jack Van Treese & Assoc..

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,374

HOA Fees

  • $71 Monthly HOA Fees

Home Design

  • Brick or Stone Mason
  • Built-Up Roof

Interior Spaces

  • 1,736 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Thermal Windows
  • Blinds
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Wood Flooring

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Deck
  • Property is zoned Residential/CBD

Listing and Financial Details

  • Assessor Parcel Number 52-19-06-225-105

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,374

Lot Details

0

HOA Fees

$71 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 05/30/2019
  • Section: 6
  • Second Address Number: 307
  • Directions: Downtown Petoskey. East Lake Street, above Mclean & Eakin.
  • Price per Sq Ft: 181.16
  • OFFICELIST_STATE: MI
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Built In Microwave, Central Air, Deck, Dishwasher, Dryer, Garbage Disposal, Gas Fireplace, Mini Blinds, Range, Refrigerator, Washer, Wood Floors
  • Total Finished Sq Ft: 1736
  • Master Bedroom: Dimensions: 15'9 x 11'8", On Level: Upper
  • Bedroom 2: Dimensions: 15'9 x 12'8, On Level: Upper
  • Bedroom 3: Dimensions: 15 x 12, On Level: Upper
  • Bedroom 4: On Level: N/A
  • Total Rooms: 7
  • Dining Room: Dimensions: Como, On Level: Main
  • Kitchen: Dimensions: 15'10 x 9'4, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 21'1 x 19'10, On Level: Main
  • Above Grade Finished Sq Ft: 1736
  • Bathroom 1: Dimensions: 15'6" x 5'8", On Level: Upper
  • Bathroom 2: Dimensions: 10'9 x 11'9", On Level: Upper
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Rooms 1: Dimensions: Storage 7'3 x 7'1, On Level: Main
  • Rooms 2: On Level: N/A
  • Windows: Thermo

Exterior Features

  • Construction: Brick, Two Story +
  • Roof: Built Up
  • Waterfront Water Access: Neither

Utilities

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

Condo/Co-op/Association

  • Fees: $857

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Zoning: Residential/CBD

Tax Info

  • Assessor Parcel Number: 52-19-06-225-105

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2019
Closed on
Jul 10, 2019
Sold by
Mazor Michael and Mazor Pamela
Bought by
David L S and J Nelson T C
Seller's Agent
Carol Fay
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Phyllis Burkee
Jack Van Treese & Assoc..
List Price
$304,000
Sold Price
$314,500
Premium/Discount to List
$10,500
3.45%
Current Estimated Value
$580,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,406
Avg. Annual Appreciation
10.33%

Purchase Details

Closed on
Aug 15, 2011
Sold by
Pbm Family Llc
Bought by
Mazor Michael and Mazor Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
4.55%

Purchase Details

Closed on
Mar 7, 2006
Sold by
Charles Charles C C and Charles Bonnie B
Bought by
Pbm Family, Llc
Source: Public Records

Range of Values:

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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
David L S $314,500 --
Mazor Michael $232,000 --
Pbm Family, Llc $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mazor Michael $185,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2019 07/10/19 Sold $314,500 +3.5% $181 / Sq Ft
05/28/2019 05/28/19 For Sale $304,000 -- $175 / 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 $8,374 $218,700 $218,700 $0
2024 $8,374 $261,500 $261,500 $0
2023 $7,625 $158,600 $158,600 $0
2022 $7,625 $147,500 $147,500 $0
2021 $7,408 $139,600 $139,600 $0
2020 $7,531 $139,600 $139,600 $0
2019 -- $136,600 $136,600 $0
2018 -- $110,100 $110,100 $0
2017 -- $110,700 $110,700 $0
2016 -- $130,500 $130,500 $0
2015 -- $113,900 $0 $0
2014 -- $82,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carol Fay

    Seller's Agent in 2019

    Carol Fay

    Coldwell Banker Schmidt - Petoskey

    (231) 330-0876

    22 in this area

    68 Total Sales

    Carol Fay
    Section Image
  • Phyllis Burkee

    Buyer's Agent in 2019

    Phyllis Burkee

    Jack Van Treese & Assoc..

    (231) 838-5307

    4 in this area

    14 Total Sales

    Phyllis Burkee
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 458800

Northern Michigan MLS

APN: 52-19-06-225-105

Michigan Emmet County Petoskey 49770

307 E Lake St Unit 5, Petoskey, MI

This home is located at 307 E Lake St Unit 5, Petoskey, MI 49770 since 28 May 2019 and is currently estimated at $580,906, approximately $334 per square foot. 307 E Lake St Unit 5 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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