NOT LISTED FOR SALE

3930 Peninsula Dr Petoskey, MI 49770

Estimated Value: $1,967,000 - $6,559,000

0.62 Acre
$7,774,463 Price per Acre
27,007 Sq Ft Lot

Last Sold September 28, 2020

Last sale price $1,200,000

Est. 302% increase in value since last sale

Current estimated payment $33,403/month

189 Days on Market

About This Lot

As of September 2020

Unique opportunity to create your custom-designed Bay Harbor residence on this desirable vacant parcel in the gated Peninsula neighborhood adorned with magnificent waterfront homes. This property is located seven properties in from the Peninsula gatehouse. Available vacant waterfront homesites are scarce, especially in the desirable Bay Harbor neighborhood of The Peninsula. The time is right to take advantage of this extraordinary offering.

Last Agent to Sell the Property

Chris Etienne

Harbor Sothebys International Realty Listed on: 02/26/2020

Harbor Sothebys International Realty

Last Buyer's Agent

Eric Yetter

Harbor Sothebys International Realty

Harbor Sothebys International Realty

Property Details

Property Type

  • Land

Lot Details

  • 0.62 Acre Lot
  • Lot Dimensions are 130 x 178
  • 130 Feet of Waterfront
  • Level Lot
  • Open Lot
  • Property is zoned PUD

HOA Fees

  • $417 Monthly HOA Fees

Additional Features

  • Water Views
  • Underground Utilities

Community Details

  • Bay Harbor Bh Association

Listing and Financial Details

  • Assessor Parcel Number 52-18-03-375-122

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$417 per month

Listing Details

  • Class: LOTS/LAND
  • Type: Lots/Land
  • Type 2: Lot
  • Lvt Date: 03/05/2020
  • Section: 3
  • S E V Yr: $499,200/2019
  • Hd Approved: Y
  • Road Access: Yes
  • Road Frontage Feet: 130
  • Second Address Number: 3930
  • Directions: 2 miiles south of Petoskey to Bay Harbor Drive, to Main Street, right to Peninsula Drive.
  • OFFICELIST_STATE: MI
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Features: Natural Gas, Under Ground Utilities

Exterior Features

  • Lake: Michigan
  • Waterfront Frontage: 130
  • Waterfront Water Access: Water Front
  • Water View: Yes
  • Wf Wa Ownership Type: Deeded and Private Ownership

Utilities

  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association: Bay Harbor BH
  • Association: Yes
  • Fees: $5006
  • Site Condo: Y

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 130 x 178
  • Estimated Number of Acres: 0.62
  • Lot: Y
  • Zoning: PUD
  • Deed Restrictions: Master Deed
  • Number Of Acres: Under 1
  • Terrain: Slow Slope, Open, Level

Tax Info

  • Assessor Parcel Number: 52-18-03-375-122

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2020
Closed on
Sep 28, 2020
Sold by
Dalessandro Thomas
Bought by
Zaccardelli David S Trust
Seller's Agent
Chris Etienne
Harbor Sothebys International Realty
Buyer's Agent
Eric Yetter
Harbor Sothebys International Realty
List Price
$1,250,000
Sold Price
$1,200,000
Premium/Discount to List
-$50,000
-4%
Current Estimated Value
$4,820,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,620,167
Avg. Annual Appreciation
29.81%

Purchase Details

Closed on
Sep 1, 2016
Sold by
Jdl Associates Ltd
Bought by
Dalessandro Thomas

Purchase Details

Closed on
Sep 16, 1998
Bought by
Jld Associates Limited Partner

Purchase Details

Closed on
Oct 1, 1994
Sold by
Bay Harbor
Bought by
R & M Prop New 94 Rps
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

Date Buyer Sale Price Title Company
Zaccardelli David S Trust -- --
Dalessandro Thomas $1,125,000 Reputation First Title
Jld Associates Limited Partner $584,000 --
R & M Prop New 94 Rps $102,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2020 09/28/20 Sold $1,200,000 -4.0% --
02/26/2020 02/26/20 For Sale $1,250,000 -- --
Source: Northern Michigan MLS

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 $95,474 $2,379,100 $2,379,100 $0
2024 $543 $1,920,800 $1,920,800 $0
2023 $26,396 $1,030,900 $1,030,900 $0
2022 $26,396 $499,200 $499,200 $0
2021 $26,489 $499,200 $499,200 $0
2020 $26,929 $499,200 $499,200 $0
2019 -- $499,200 $499,200 $0
2018 -- $499,200 $499,200 $0
2017 -- $499,200 $499,200 $0
2016 -- $499,200 $499,200 $0
2015 -- $499,200 $0 $0
2014 -- $499,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Etienne

    Seller's Agent in 2020

    Chris Etienne

    Harbor Sothebys International Realty

    (231) 439-2031

    89 in this area

    128 Total Sales

    Chris Etienne
    Section Image
  • Eric Yetter

    Buyer's Agent in 2020

    Eric Yetter

    Harbor Sothebys International Realty

    (231) 409-8798

    42 in this area

    46 Total Sales

    Eric Yetter
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 461388

Northern Michigan MLS

APN: 52-18-03-375-122

Michigan Emmet County Petoskey 49770

3930 Peninsula Dr, Petoskey, MI

Not Listed for Sale

Lots

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