NOT LISTED FOR SALE

414 Waukazoo Ave Petoskey, MI 49770

Estimated Value: $961,155

4 Beds
5 Baths
2,310 Sq Ft
$416/Sq Ft Est. Value

Last Sold July 22, 2024

Last sale price $963,000 $417 Per Sq Ft

Current estimated payment $5,643/month

192 Days on Market

Highlights

  • Deck
  • Wood Burning Fireplace
  • 3-minute walk to St Francis Xavier Playground
  • Forced Air Heating and Cooling System

About This Home

As of July 2024

Start earning on your investment immediately! Rare turn-key opportunity in Downtown Petoskey. The only licensed motel in the Central Business District, Little Bay Cottage is a century-old farmhouse renovated and converted into four one-bedroom flats. Very established self-serve boutique motel with over 900 bookings since opening in July, 2021. With a 5-star rating and numerous repeat guests, the reviews are clear: the location can't be beat! Each unit offers full apartment amenities including private entrances, separate kitchens and cozy living spaces. Full basement with separate access offers great storage. See the long list of recent upgrades. This unique property is offered with all furnishings, supplies, fully-functioning booking website and complete AirBnb account including Superhost status and all future bookings, as well as Seller cooperation to transition the busy operations to new owners. www.littlebaycottage.com for more photos of each flat and information about inclusions.

Last Agent to Sell the Property

Drew Bartlett

Graham Real Estate Listed on: 01/12/2024

Last Buyer's Agent

See Agt Remarks Non Member ACK

Antrim Charlevoix Kalkaska Association of REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,260

Lot Details

  • 4,008

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,310 Sq Ft Home
  • Wood Burning Fireplace
  • Vinyl Clad Windows
  • Insulated Windows
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Deck
  • Lower Level

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-151-007

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,260

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multifamily
  • Type 2: Four-Plex
  • Lvt Date: 01/12/2024
  • Section: 5
  • Second Address Number: 414
  • Directions: West on E. Mitchell, left on Waukazoo, property on west side of Waukazoo next door to Encore Financial Group.
  • Price per Sq Ft: 416.88
  • OFFICELIST_STATE: MI
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Features: Built In Microwave, Central Air, Deck, Dishwasher, Dryer, Range, Refrigerator, Washer, Wood Fireplace
  • Basement: Full
  • Total Sq Ft: 2310
  • Above Grade Finished Sq Ft: 2310
  • Windows: Insulated, Vinyl

Exterior Features

  • Construction: Wood Frame
  • Roof: Asphalt Shingles
  • Waterfront Water Access: Neither

Utilities

  • Heat Type: Natural Gas, Forced Air
  • Sewer: City
  • Water: City
  • Number Electric Meters: 5
  • Number Gas Meters: 1
  • Number Water Heaters: 1
  • Number Water Meters: 1

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Zoning: B-2

Tax Info

  • Assessor Parcel Number: 52-19-05-151-007

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2024
Closed on
Jul 22, 2024
Sold by
Little Bay Cottage Llc
Bought by
Little Bay Inn Cottage Llc
Seller's Agent
Drew Bartlett
Graham Real Estate
Buyer's Agent
See Agt Remarks Non Member ACK
Antrim Charlevoix Kalkaska Association of REALTORS
List Price
$1,120,000
Sold Price
$963,000
Premium/Discount to List
-$157,000
-14.02%
Views
107
Current Estimated Value
$961,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,845
Avg. Annual Appreciation
1.48%
Original Mortgage
$1
Outstanding Balance
$1
Interest Rate
6.87%
Mortgage Type
Mortgage Modification

Purchase Details

Closed on
Apr 5, 2021
Sold by
Cress Enterprises Inc
Bought by
Little Bay Cottage Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3.05%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2005
Sold by
Krupa Thadd J and Krupa Joan G
Bought by
Gore Properties, Llc

Purchase Details

Closed on
Nov 1, 1997
Bought by
Krupa
Source: Public Records

Range of Values:

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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
Little Bay Inn Cottage Llc $963,000 Talon Title Agency
Little Bay Cottage Llc -- --
Gore Properties, Llc -- --
Krupa $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Little Bay Inn Llc $1
Previous Owner Little Bay Cottage Llc $420,000
Previous Owner Cress Enterprises Inc $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2024 07/22/24 Sold $963,000 -12.5% $417 / Sq Ft
01/31/2024 01/31/24 Price Changed $1,100,000 -1.8% $476 / Sq Ft
01/12/2024 01/12/24 For Sale $1,120,000 +1020.0% $485 / Sq Ft
03/01/2013 03/01/13 Sold $100,000 -20.0% $56 / Sq Ft
01/14/2013 01/14/13 Pending -- -- --
01/01/2012 01/01/12 For Sale $125,000 -- $69 / 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 $6,260 $199,300 $199,300 $0
2024 $6,260 $185,600 $185,600 $0
2023 $5,700 $163,000 $163,000 $0
2022 $5,700 $107,800 $107,800 $0
2021 $4,856 $101,500 $101,500 $0
2020 $4,869 $101,500 $101,500 $0
2019 -- $99,100 $99,100 $0
2018 -- $86,500 $86,500 $0
2017 -- $92,300 $92,300 $0
2016 -- $93,400 $93,400 $0
2015 -- $84,700 $0 $0
2014 -- $84,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Drew Bartlett

    Seller's Agent in 2024

    Drew Bartlett

    Graham Real Estate

    (231) 838-7272

    6 in this area

    88 Total Sales

    Drew Bartlett
    Section Image

  • S

    Buyer's Agent in 2024

    See Agt Remarks Non Member ACK

    Antrim Charlevoix Kalkaska Association of REALTORS

  • T

    Seller's Agent in 2013

    Tom Walker

    RE/MAX Michigan

  • T

    Buyer's Agent in 2013

    Thomas Walker

    Thomas D. Walker, Realtor

See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 472934

Northern Michigan MLS

APN: 52-19-05-151-007

Michigan Emmet County Petoskey 49770

414 Waukazoo Ave, Petoskey, MI

This home is located at 414 Waukazoo Ave, Petoskey, MI 49770 since 12 January 2024 and is currently estimated at $961,155, approximately $416 per square foot. 414 Waukazoo Ave 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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