NOT LISTED FOR SALE

4128 Lake Grove Rd Petoskey, MI 49770

Estimated Value: $361,000 - $6,695,000

9 Beds
11 Baths
13,000 Sq Ft
$260/Sq Ft Est. Value

Last Sold December 28, 2012

Last sale price $2,400,000 $185 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $23,655/month

32 Days on Market

Highlights

  • 110 Feet of Waterfront
  • Guest House
  • Second Garage
  • Docks
  • Spa
  • Clubhouse

About This Home

As of December 2012

This Walloon Lake waterfront home has one of the best locations on Walloon Lake, The West Arm. This home offers 13,000 sqft, with nine bedrooms and eleven baths, very large docking system, a deck on the water, and a swim cottage with a roof top patio for entertaining. Relax with family and friends while enjoying the privacy this house has to offer. Located close to Bay Harbor, Charlevoix , Petoskey and Harbor Springs.

Last Agent to Sell the Property

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC Listed on: 10/30/2012

Last Buyer's Agent

Ted Macksey

Northern Michigan Premier Properties License #6502361692

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $69,130

Year Built

  • Built in 2003

Lot Details

  • 4 Acre Lot
  • 110 Feet of Waterfront
  • Property is zoned R1

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Stone

Interior Spaces

  • 13,000 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Fireplace
  • Thermal Windows
  • Insulated Windows
  • Family Room
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Water Views
  • Crawl Space
  • Home Security System

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Primary Bedroom on Main
  • 11 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Garage
  • Second Garage
  • Driveway

Outdoor Features

  • Spa
  • Docks
  • Deck
  • Patio
  • Pole Barn

Additional Homes

  • Guest House

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Well
  • Natural Gas Water Heater
  • Septic System
  • Satellite Dish
  • Cable TV Available

Community Details

  • Clubhouse

Listing and Financial Details

  • Assessor Parcel Number 13-18-27-200-026

Home Details

Home Type

Single Family

Est. Annual Taxes

$69,130

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2003
  • Measurement Source: Owner
  • Section: 35
  • Survey: Y
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2003

Interior Features

  • Features: Built In Microwave, Cable, Cathedral Ceilings, Ceiling Fans, Central Air, Deck, Dishwasher, Dock, Dryer, Garbage Disposal, Gas Fireplace, Hot Tub, Patio, Paved Drive, Range, Refrigerator, Satellite Dish, Trash Compactor, Washer, Wood Fireplace, Security System
  • Total Finished Sq Ft: 13000
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: N/A
  • Total Rooms: 15
  • Basement: Crawl
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Main
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 13000
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Main
  • Number Of Bedrooms: 9
  • Full Bathrooms: 11
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: Main
  • Windows: Thermo, Insulated

Exterior Features

  • Construction: Wood Frame/Site Built, Stone, Two Story +
  • Lake: Walloon
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 110
  • Waterfront Water Access: Water Front
  • Water View: Y
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

  • Garage Carport: Garage-Attached, Garage-Detached
  • Gar Car Capacity: Three

Utilities

  • Heat Type: Natural Gas
  • Sewer: Septic
  • Water: Well
  • Water Heater: Natural Gas

Schools

  • School District: Petoskey

Lot Info

  • Estimated Number of Acres: 4
  • Zoning: R1

Tax Info

  • Assessor Parcel Number: 13-18-27-200-026

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2012
Closed on
Dec 19, 2012
Sold by
Wells Fargo Bank Na
Bought by
Mitchell Paul and Mitchell Sherry
Seller's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Ted Macksey
Northern Michigan Premier Properties
List Price
$2,750,000
Sold Price
$2,400,000
Premium/Discount to List
-$350,000
-12.73%
Current Estimated Value
$3,375,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$975,167
Avg. Annual Appreciation
3.78%

Purchase Details

Closed on
Jan 6, 2011
Sold by
Watts Tl
Bought by
Citizens Bank

Purchase Details

Closed on
Dec 30, 2010
Sold by
Watts Tl
Bought by
Wells Fargo Bank Na and Rmac Remic Trust, Series 2010-5

Purchase Details

Closed on
Oct 27, 2000
Sold by
Foltz Fred P and Trusts Arlene R
Bought by
Johnson Douglas R and Johnson Melanie C
Source: Public Records

Range of Values:

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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
Mitchell Paul $1,900,000 --
Citizens Bank $324,299 --
Wells Fargo Bank Na $2,337,560 --
Johnson Douglas R $180,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2012 12/28/12 Sold $2,400,000 -12.7% $185 / Sq Ft
12/01/2012 12/01/12 Pending -- -- --
10/30/2012 10/30/12 For Sale $2,750,000 -- $212 / 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 $69,130 $2,966,300 $2,966,300 $0
2024 $69,130 $2,861,000 $2,861,000 $0
2023 $62,854 $2,627,600 $2,627,600 $0
2022 $62,854 $1,985,900 $1,985,900 $0
2021 $60,645 $1,809,200 $1,809,200 $0
2020 $59,742 $1,840,300 $1,840,300 $0
2019 -- $1,783,500 $1,783,500 $0
2018 -- $1,964,200 $1,964,200 $0
2017 -- $1,698,900 $1,698,900 $0
2016 -- $1,663,700 $1,663,700 $0
2015 -- $1,581,400 $0 $0
2014 -- $1,455,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patrick Leavy

    Seller's Agent in 2012

    Patrick Leavy

    Kidd & Leavy Real Estate Co. LLC

    (231) 881-6639

    383 Total Sales

    Patrick Leavy
    Section Image

  • T

    Buyer's Agent in 2012

    Ted Macksey

    Northern Michigan Premier Properties

    (231) 675-7657

    16 Total Sales

    Ted Macksey
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 435311

Northern Michigan MLS

APN: 13-18-27-200-035

Michigan Emmet County Petoskey 49770

4128 Lake Grove Rd, Petoskey, MI

This home is located at 4128 Lake Grove Rd, Petoskey, MI 49770 since 30 October 2012 and is currently estimated at $3,375,167, approximately $259 per square foot. This property was built in 2003. 4128 Lake Grove Rd is a home located in Emmet County with nearby schools including Petoskey High School.

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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