NOT LISTED FOR SALE

422 E Mitchell St Unit 1 Petoskey, MI 49770

Estimated Value: $1,621,000 - $1,888,131

3 Beds
2.5 Baths
2,500 Sq Ft
$203/mo HOA Fee

Last Sold June 14, 2021

Last sale price $950,000 $380 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $11,304/month

Highlights

  • Water Views
  • Cathedral Ceiling
  • Main Floor Primary Bedroom
  • Deck
  • Wood Flooring
  • 4-minute walk to St Francis Xavier Playground

About This Home

As of June 2021

This is a spectacular opportunity to live downtown in the most glamorous lifestyle. Starting with the rooftop deck! From the top of this deck, one is able to experience views like no other. Think of all the possibilities! Fireworks, sunsets and gorgeous life experiences. Enjoy the ease of a catered party or rooftop cocktails! The condo has been recently rennovated with all of the high-end finishes you might imagine. Large, open floor plan with a warehouse feel. Exposed brick and mile high ceilings gives the feeling of spaciousness. Large windows make the home light and bright. Whether this is a vacation spot or a year round home, you will love living this fabulous lifestyle.

Last Agent to Sell the Property

Jane Fisher

Gaslight Group Properties License #6501333848 Listed on: 11/02/2019

Last Buyer's Agent

Jane Fisher

Gaslight Group Properties License #6501333848 Listed on: 11/02/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,841

Lot Details

  • 348

HOA Fees

  • $203 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Home Design

  • Brick or Stone Mason
  • Asphalt Shingled Roof

Interior Spaces

  • 2,500 Sq Ft Home
  • Cathedral Ceiling
  • Gas Fireplace
  • Thermal Windows
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Wood Flooring
  • Water Views

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-154-101

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,841

Lot Details

0

HOA Fees

$203 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 11/02/2019
  • Measurement Source: Assessor
  • Section: 5
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Features: Cable, Cathedral Ceilings, Central Air, Deck, Dishwasher, Dryer, Garbage Disposal, Gas Fireplace, Range, Washer, Wood Floors
  • Total Finished Sq Ft: 2500
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Main
  • Bedroom 4: On Level: N/A
  • Total Rooms: 7
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: N/A
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 2500
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Main
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Thermo

Exterior Features

  • Construction: Brick
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither
  • Water View: Y

Garage/Parking

  • Garage Carport: Garage-Detached
  • Gar Car Capacity: One

Utilities

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

Condo/Co-op/Association

  • Association: Yes
  • Condo Unit Number: 1
  • Condo: Yes
  • Fees: 203
  • Other Association Fees: 92/month

Schools

  • School District: Petoskey

Lot Info

  • Zoning: commercial

Tax Info

  • Assessor Parcel Number: 52-19-05-154-101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2019
Closed on
Jun 14, 2021
Sold by
Meikle David A
Bought by
Thomas Justin
Seller's Agent
Jane Fisher
Gaslight Group Properties
Buyer's Agent
Jane Fisher
Gaslight Group Properties
List Price
$899,000
Sold Price
$950,000
Premium/Discount to List
$51,000
5.67%
Current Estimated Value
$1,797,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$847,710
Avg. Annual Appreciation
16.03%
Original Mortgage
$948,900
Outstanding Balance
$56,024
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,741,686
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
Thomas Justin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Justin $948,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2021 06/14/21 Sold $950,000 0.0% $380 / Sq Ft
03/06/2021 03/06/21 Off Market $950,000 -- --
11/02/2019 11/02/19 For Sale $899,000 -- $360 / 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 $18,841 $564,400 $564,400 $0
2024 $18,841 $553,000 $553,000 $0
2023 $17,603 $520,200 $520,200 $0
2022 $17,603 $504,700 $504,700 $0
2021 $6,070 $190,800 $190,800 $0
2020 $6,085 $148,600 $148,600 $0
2019 -- $125,800 $125,800 $0
2018 -- $130,700 $130,700 $0
2017 -- $118,900 $118,900 $0
2016 -- $50,000 $50,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Jane Fisher

    Seller's Agent in 2021

    Jane Fisher

    Gaslight Group Properties

    (231) 409-8060

    53 in this area

    162 Total Sales

    Jane Fisher
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Map

Source: Northern Michigan MLS

MLS Number: 460702

Northern Michigan MLS

APN: 52-19-05-154-101

Michigan Emmet County Petoskey 49770

422 E Mitchell St Unit 1, Petoskey, MI

This home is located at 422 E Mitchell St Unit 1, Petoskey, MI 49770 since 02 November 2019 and is currently estimated at $1,797,710, approximately $719 per square foot. 422 E Mitchell St Unit 1 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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