NOT LISTED FOR SALE

4244 Lake Grove Rd Petoskey, MI 49770

Estimated Value: $362,000 - $4,781,000

4 Beds
4.5 Baths
3,433 Sq Ft
$902/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $4,275,000 $1,245 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $17,436/month

323 Days on Market

Highlights

  • 115 Feet of Waterfront
  • Deck
  • Wood Flooring
  • Docks
  • Cathedral Ceiling
  • Main Floor Primary Bedroom

About This Home

As of May 2024

Tucked away along the royal blue waters of Walloon Lake’s west arm sits this impressive log home. Meticulously constructed, every log carefully selected and placed, this generational home is the epitome of the ??casual up north feel with a touch of luxury” so many buyers are looking for today. A spacious and private lot with 115 feet of hard packed sandy frontage is surrounded by gorgeous mature landscaping that features lovingly cared for flower beds of all colors and varieties. Enjoy large and small gathering areas for lots of family fun or intimate time away from the hectic pace of everyday life complete with an outdoor fireplace to gather around on those cozy Walloon nights. The homes great room boasts an impressive wood burning fireplace settled against towering windows filled with beautiful views of Walloon Lake. Enjoy million-dollar sunsets from just about every room in the home while you share meals cooked by the resident chef. Thoughtfully designed to cater to culinary enthusiasts and for social gatherings large and small, the kitchen features include a Thermador range, Sub-Zero fridge, custom Dutch Made cabinetry, a large pantry and more! With three levels, four spacious bedrooms, four full bathrooms, and one-half bath, there is ample room for all your guests. The main floor master bedroom and bath offer convenient one floor living, stunning views and a private patio. In addition to the four bedrooms, a bonus “bunk” room above the garage is staged with younger visitors in mind, complete with its own full bath. The finished lower level hosts another spacious family room, three additional bedrooms and a walkout to the lake. Whether you’re yearning for a private, spacious getaway or an entertainer’s delight, this majestic log home on Walloon Lake provides the perfect setting to create cherished memories for years to come. Conveniently located close to Petoskey, Bay Harbor and all the best shopping and dining the area has to offer.

Last Agent to Sell the Property

Wally Kidd

Kidd & Leavy Real Estate Co. LLC Listed on: 07/13/2023

Last Buyer's Agent

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,255

Year Built

  • Built in 1998

Lot Details

  • 115 Feet of Waterfront
  • Sprinkler System
  • Property is zoned RT RR

Home Design

  • Asphalt Shingled Roof
  • Log Siding

Interior Spaces

  • 3,433 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Insulated Windows
  • Wood Frame Window
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Wood Flooring
  • Water Views
  • Home Security System

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Docks
  • Deck
  • Patio
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Natural Gas Water Heater
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 13-18-27-200-021

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,255

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1998
  • Lvt Date: 07/13/2023
  • Section: 27
  • Survey: Y
  • Second Address Number: 4244
  • Directions: Take Lake Grove Road south from Petoskey, home is on the right.
  • Price per Sq Ft: 1245.27
  • OFFICELIST_STATE: MI
  • Street Designation: Road
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1998

Interior Features

  • Features: Cable, Cathedral Ceilings, Ceiling Fans, Central Air, Deck, Dishwasher, Dock, Dryer, Garbage Disposal, Patio, Paved Drive, Range, Refrigerator, Sprinkler System, Washer, Wood Fireplace, Wood Floors, Security System
  • Total Finished Sq Ft: 3433
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Lower
  • Bedroom 3: On Level: Lower
  • Bedroom 4: On Level: Lower
  • Total Rooms: 8
  • Basement: Crawl, Full, Walkout, Finished
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Lower
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 2345
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Rooms 1: On Level: Upper
  • Rooms 2: On Level: Lower
  • Windows: Wood Sash, Insulated, Pella, Marvin

Exterior Features

  • Construction: Log
  • Lake: Walloon
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 115
  • Waterfront Water Access: Water Front
  • Water View: Yes
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

  • Garage Carport: Garage-Attached
  • Gar Car Capacity: Two

Utilities

  • Heat Type: Natural Gas, Forced Air
  • Sewer: Septic
  • Water: Well
  • Water Heater: Natural Gas

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Zoning: RT RR

Tax Info

  • Assessor Parcel Number: 13-18-27-200-021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2025
Sold by
Preda Nick G and Preda Y
Bought by
Nick G Preda Trust
Current Estimated Value
$3,096,060

Purchase Details

Listed on
Jul 13, 2023
Closed on
Jun 10, 2024
Sold by
Banks John and Banks Nancy
Bought by
Preda Nick G and Preda Linda A
Seller's Agent
Wally Kidd
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
List Price
$4,700,000
Sold Price
$4,275,000
Premium/Discount to List
-$425,000
-9.04%
Views
681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-21.54%
Original Mortgage
$3,248,000
Interest Rate
7.25%

Purchase Details

Listed on
Jul 13, 2023
Closed on
May 29, 2024
Sold by
Banks John
Bought by
Preda Nick G and Preda Linda A
Seller's Agent
Wally Kidd
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
List Price
$4,700,000
Sold Price
$4,275,000
Premium/Discount to List
-$425,000
-9.04%
Views
681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,248,000
Interest Rate
7.25%

Purchase Details

Closed on
Sep 1, 1995
Bought by
Rellinger
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
Nick G Preda Trust -- --
Preda Nick G -- --
Preda Nick G -- --
Rellinger $237,500 --
Preda Nick G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Preda Nick G $3,248,000
Previous Owner Preda Nick G $3,248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $4,275,000 -9.0% $1,245 / Sq Ft
01/02/2024 01/02/24 For Sale $4,700,000 0.0% $1,369 / Sq Ft
01/02/2024 01/02/24 Off Market $4,700,000 -- --
11/17/2023 11/17/23 Price Changed $4,700,000 -7.8% $1,369 / Sq Ft
07/13/2023 07/13/23 For Sale $5,100,000 -- $1,486 / 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 $12,255 $2,104,700 $2,104,700 $0
2024 $12,255 $1,249,100 $1,249,100 $0
2023 $11,163 $1,123,500 $1,123,500 $0
2022 $11,163 $930,600 $930,600 $0
2021 $19,095 $892,000 $892,000 $0
2020 $18,810 $854,900 $854,900 $0
2019 -- $794,900 $794,900 $0
2018 -- $864,300 $864,300 $0
2017 -- $823,700 $823,700 $0
2016 -- $781,600 $781,600 $0
2015 -- $717,700 $0 $0
2014 -- $663,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 471616

Northern Michigan MLS

APN: 13-18-27-200-021