NOT LISTED FOR SALE

4070 Peninsula Dr Petoskey, MI 49770

Estimated Value: $3,694,000 - $6,211,000

0.8 Acre
$6,125,814 Price per Acre
34,848 Sq Ft Lot

Last Sold October 15, 2020

Last sale price $2,100,000

Est. 133% increase in value since last sale

Current estimated payment $33,585/month

118 Days on Market

About This Lot

As of October 2020

The Peninsula of Bay Harbor, is one of the most prestigious location on the Great Lakes. This lot is the largest remaining lot with 34,242 total square feet of opportunity to own 130' of lake Michigan frontage and 130' of frontage on Bay Harbor Lake. Build your dream house among some of the most amazing northern Victorian homes in the country, with panoramic views in every direction, sunrise to sunset you'll be amazed at what this location has to offer, walking distance to world class shopping and dinning.

Last Agent to Sell the Property

Logan Ciesielski

Kidd & Leavy Real Estate Co. LLC Listed on: 05/19/2020

Last Buyer's Agent

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC

Property Details

Property Type

  • Land

Lot Details

  • 0.8 Acre Lot
  • 130 Feet of Waterfront
  • Level Lot

HOA Fees

  • $422 Monthly HOA Fees

Property Views

  • Water Views

Utilities

  • Underground Utilities
  • Phone Available
  • Cable TV Available

Community Details

  • Bay Harbor Bh Association

Listing and Financial Details

  • Assessor Parcel Number 52-18-03-375-115

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$422 per month

Listing Details

  • Class: LOTS/LAND
  • Type: Lots/Land
  • Type 2: Lot
  • Lvt Date: 05/20/2020
  • Section: 03
  • Hd Approved: Y
  • Second Address Number: 4070
  • Directions: 2 miles south of Petoskey on us 31.
  • OFFICELIST_STATE: MI
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Features: Electric, Phone, Natural Gas, Cable TV, Under Ground Utilities, City Utilities, Paved Road

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: $5060

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 130' X 403' including rd.
  • Estimated Number of Acres: 0.8
  • Zoning: Residential
  • Number Of Acres: Under 1
  • Terrain: Flat

Tax Info

  • Assessor Parcel Number: 52-18-03-375-115

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2020
Closed on
Oct 15, 2020
Sold by
Grove Robert C Living Trust
Bought by
Peninsula Drive Trust
Seller's Agent
Logan Ciesielski
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
List Price
$2,350,000
Sold Price
$2,100,000
Premium/Discount to List
-$250,000
-10.64%
Current Estimated Value
$4,900,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,800,651
Avg. Annual Appreciation
17.41%
Original Mortgage
$1,260,000
Outstanding Balance
$1,108,356
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$3,792,295

Purchase Details

Closed on
Feb 26, 2008
Sold by
Johnston William D
Bought by
Grove Robert C and Robert C Grove Living Trust Dated March

Purchase Details

Closed on
Jul 21, 2003
Bought by
Johnston William D Ttee

Purchase Details

Closed on
Feb 25, 2003
Bought by
Ladyhawke Llc

Purchase Details

Closed on
Sep 20, 1999
Bought by
Kaiser Investment, Llc
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
Peninsula Drive Trust -- --
Grove Robert C $2,500,000 --
Johnston William D Ttee $1,500,000 --
Ladyhawke Llc $1,275,000 --
Kaiser Investment, Llc $1,190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peninsula Drive Trust $1,260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2020 10/15/20 Sold $2,100,000 -10.6% --
05/19/2020 05/19/20 For Sale $2,350,000 -- --
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 $91,980 $2,431,400 $2,431,400 $0
2024 $622 $1,746,200 $1,746,200 $0
2023 $74,049 $1,181,000 $1,181,000 $0
2022 $74,049 $1,400,400 $1,400,400 $0
2021 $74,310 $1,400,400 $1,400,400 $0
2020 $54,034 $1,400,400 $1,400,400 $0
2019 -- $1,082,400 $1,082,400 $0
2018 -- $1,082,400 $1,082,400 $0
2017 -- $1,082,400 $1,082,400 $0
2016 -- $1,082,400 $1,082,400 $0
2015 -- $1,082,400 $0 $0
2014 -- $1,400,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Logan Ciesielski

    Seller's Agent in 2020

    Logan Ciesielski

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-0094

    38 in this area

    57 Total Sales

    Logan Ciesielski
    Section Image
  • Patrick Leavy

    Buyer's Agent in 2020

    Patrick Leavy

    Kidd & Leavy Real Estate Co. LLC

    (231) 881-6639

    182 in this area

    379 Total Sales

    Patrick Leavy
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 461837

Northern Michigan MLS

APN: 52-18-03-375-115

Michigan Emmet County Petoskey 49770

4070 Peninsula Dr, Petoskey, MI

Not Listed for Sale

Lots

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