NOT LISTED FOR SALE

422 Rush St Petoskey, MI 49770

Estimated Value: $420,779 - $521,000

2 Beds
2 Baths
1,800 Sq Ft
$269/Sq Ft Est. Value

Last Sold October 27, 2014

Last sale price $121,500 $68 Per Sq Ft

Est. 299% increase in value since last sale

Current estimated payment $2,893/month

20 Days on Market

Highlights

  • Wood Frame Window
  • Ceiling Fan
  • 4-minute walk to St Francis Xavier Playground
  • Forced Air Heating System

About This Home

As of October 2014

In-town Petoskey home situated on a large double lot, easy walk to downtown and waterfront. Property is currently a duplex with one unit on the main floor and one upstairs. This would make an Investment property or could be turned back into a single family home or live on the main floor and rent the upstairs to subsidize your mortgage.

Last Agent to Sell the Property

C.T. Shuman

Real Estate One Listed on: 08/26/2014

Real Estate One

Last Buyer's Agent

C.T. Shuman

Real Estate One Listed on: 08/26/2014

Real Estate One

Property Details

Home Type

  • Multi-Family

Lot Details

  • Lot Dimensions are 100 x 80

Home Design

  • Duplex
  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,800 Sq Ft Home
  • Ceiling Fan
  • Wood Frame Window
  • Michigan Basement
  • Range

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 2 Units
  • 1 Separate Electric Meter

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-301-005

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multifamily
  • Type 2: Duplex
  • Measurement Source: Owner
  • Section: 5
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Features: Cable, Ceiling Fans, Range, Refrigerator
  • Basement: Michigan
  • Total Sq Ft: 1800
  • Above Grade Finished Sq Ft: 1800
  • Windows: Wood Sash

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: 1

Lot Info

  • Estimated Lot Dimensions: 100 x 80
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 52-19-05-301-005

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2016
Sold by
Hoyt David A and Hoyt Linda J
Bought by
Hoyt David A and Hoyt Linda J
Current Estimated Value
$484,445

Purchase Details

Closed on
Aug 17, 2011
Sold by
Guefen Karin
Bought by
Benjamin Michael

Purchase Details

Closed on
Sep 17, 2010
Sold by
Alexander Cindy Renee
Bought by
Benjamin Michael and Guefen Karin

Purchase Details

Closed on
Sep 9, 2010
Sold by
Schaffer Bernhard A and Schaffer Elizabeth
Bought by
Alexander Cindy Renee

Purchase Details

Closed on
Jun 25, 2002
Sold by
Schaffer Patricia
Bought by
Alexander Cindy R

Purchase Details

Closed on
Nov 1, 1989
Bought by
Schaffer Rps

Purchase Details

Closed on
Nov 1, 1982
Bought by
Ottimer
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
Hoyt David A -- Talon Title Agency
Benjamin Michael $41,000 --
Benjamin Michael $90,000 --
Alexander Cindy Renee -- --
Alexander Cindy R $100,000 --
Schaffer Rps $46,600 --
Ottimer $21,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2014 10/27/14 Sold $121,500 -2.7% $68 / Sq Ft
09/15/2014 09/15/14 Pending -- -- --
08/26/2014 08/26/14 For Sale $124,900 -- $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 $4,341 $222,800 $222,800 $0
2024 $42 $187,400 $187,400 $0
2023 $3,971 $163,800 $163,800 $0
2022 $3,971 $155,000 $155,000 $0
2021 $3,862 $136,700 $136,700 $0
2020 $3,894 $114,200 $114,200 $0
2019 -- $112,100 $112,100 $0
2018 -- $104,700 $104,700 $0
2017 -- $97,500 $97,500 $0
2016 -- $66,500 $66,500 $0
2015 -- $64,600 $0 $0
2014 -- $60,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C.T. Shuman

    Seller's Agent in 2014

    C.T. Shuman

    Real Estate One

    (231) 838-4200

    31 in this area

    130 Total Sales

    C.T. Shuman
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Map

Source: Northern Michigan MLS

MLS Number: 442052

Northern Michigan MLS

APN: 52-19-05-301-005

Michigan Emmet County Petoskey 49770

422 Rush St, Petoskey, MI

Not Listed for Sale

MultiFamily

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.

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