431 Madison St Petoskey, MI 49770
Estimated payment $2,339/month
Total Views
110,428
5
Beds
2
Baths
2,461
Sq Ft
$162
Price per Sq Ft
Highlights
- Deck
- 2 Car Detached Garage
- Forced Air Heating System
- First Floor Utility Room
- Living Room
- 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
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Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
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