431 Madison St Petoskey, MI 49770
Estimated payment $2,269/month
Total Views
18,662
5
Beds
2
Baths
2,461
Sq Ft
$162
Price per Sq Ft
Highlights
- Hot Property
- First Floor Utility Room
- Living Room
- Deck
- 2 Car Detached Garage
- 4-minute walk to Bear River Recreation Area
About This Home
Located in the heart of Petoskey, this versatile in-town home offers an exceptional location directly across the street from McLaren Northern Michigan Hospital and just a short distance from downtown Petoskey’s shopping, restaurants, and the scenic Bear River Walkway. Currently utilized as a two-unit rental, the property provides numerous possibilities—continue its income-producing use, or easily convert it back to a single-family residence with the added bonus of separate living quarters above the garage. The home has seen many recent improvements, including a new roof on the main house approximately five years ago, brand-new windows throughout the main house, and a newly rebuilt front porch that adds to its curb appeal. Above the garage, a newly renovated one-bedroom, one-bath apartment offers excellent flexibility, whether used as a rental for additional income or as comfortable guest accommodations. With its prime location, recent updates, and flexible layout, this property presents a rare opportunity to own a home that can adapt to a variety of living or investment needs in one of Petoskey’s most convenient neighborhoods.
Home Details
Home Type
- Single Family
Year Built
- Built in 1950
Lot Details
- Lot Dimensions are 50x150
- Property is zoned RM-2
Parking
- 2 Car Detached Garage
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 2,461 Sq Ft Home
- Vinyl Clad Windows
- Insulated Windows
- Living Room
- Dining Room
- First Floor Utility Room
- Dryer
- Michigan Basement
- Range
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom Upstairs
- 2 Full Bathrooms
Outdoor Features
- Deck
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 52-19-06-127-063
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | $2,307 | $165,200 | $165,200 | $0 |
| 2024 | $22 | $143,100 | $143,100 | $0 |
| 2023 | $2,100 | $107,200 | $107,200 | $0 |
| 2022 | $2,100 | $84,600 | $84,600 | $0 |
| 2021 | $2,041 | $75,100 | $75,100 | $0 |
| 2020 | $2,046 | $66,100 | $66,100 | $0 |
| 2019 | -- | $64,900 | $64,900 | $0 |
| 2018 | -- | $45,100 | $45,100 | $0 |
| 2017 | -- | $35,600 | $35,600 | $0 |
| 2016 | -- | $37,000 | $37,000 | $0 |
| 2015 | -- | $37,500 | $0 | $0 |
| 2014 | -- | $48,600 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/16/2026 01/16/26 | For Sale | $399,900 | -- | $162 / Sq Ft |
Source: Northern Michigan MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- |
Source: Public Records
About the Listing Agent
C.T. Shuman is a Petoskey native. He can't imagine a more perfect childhood than the one he had here in Petoskey. He grew up loving all that the area has to offer - endless summer days at the beach or out on the lakes, summer nights around a bonfire and winter days skiing fresh powder. After graduating from Petoskey High School, he went on to earn an Associate Degree in Real Estate and a Bachelor Degree in Marketing Sales from Ferris State University.
His current hobbies somewhat mimic
C.T.'s Other Listings
Source: Northern Michigan MLS
MLS Number: 478568
APN: 52-19-06-127-063
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.
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.
Nearby Homes
- 412 Ingalls Ave
- 319 W Mitchell St
- 316 Monroe St
- 513 Liberty St
- 420 Wachtel Ave
- 46 Bridge St
- 120 E Lake St
- 1023 Emmet St
- 700 Hillside Dr Unit 26
- 410 E Mitchell St Unit 2F
- 410 E Mitchell St Unit C
- 138 E Sheridan St
- 332 W Sheridan St
- 444 Grove St
- 1012 Jefferson Ave
- 524 State St
- 606 State St
- 431 Carleton St
- 624 Michigan St Unit 524 State 138 E Sher
- 624 Michigan St
- 311 Madison St
- 120 E Lake St Unit 2
- 107 Howard St Unit 2
- 138 E Sheridan St Unit 5
- 431 Beech St Unit 2
- 431 Beech St Unit 3
- 202 Wesley St
- 1301 Crestview Dr
- 624 Michigan St Unit 4
- 1401 Crestview Dr
- 1420 Standish Ave
- 1297 Lachaumiere Dr
- 301 Lafayette Ave
- 501 Valley Ridge Dr
- 1600 Bear Creek Ln
- 2425 Harbor Petoskey Rd Unit 10
- 262 Highland Pike Rd
- 6679 San Juan Unit 40
- 301 Silver St
- 530 State St Unit 530B
Your Personal Tour Guide
Ask me questions while you tour the home.