NOT LISTED FOR SALE

438 Grove St Petoskey, MI 49770

Estimated Value: $532,000 - $819,000

3 Beds
2 Baths
1,579 Sq Ft
$425/Sq Ft Est. Value

Last Sold July 02, 2024

Last sale price $675,000 $427 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,795/month

33 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • 3 Car Garage
  • Second Garage
  • First Floor Utility Room
  • 3-minute walk to St Francis Xavier Playground

About This Home

As of July 2024

Welcome to your charming slice of history in downtown Petoskey! Nestled in the heart of the city, this Victorian offers a blend of classic elegance and modern reconstruction while views of Little Traverse Bay tease from numerous windows. Step inside to discover a spacious open living space, where the living, dining, and kitchen areas seamlessly flow together, creating a bright and airy ambiance perfect for everyday living and entertaining guests. At the back of the house awaits a cozy den and family room that invites you to unwind after a long day. Built-in shelving adds a touch of sophistication, creating a cozy library atmosphere ideal for curling up with a good book. Flexibility is key in this home, as the den could easily be transformed into a first-floor bedroom to accommodate guests or serve as a convenient retreat for yourself. Ascend the staircase to discover the second floor, where two charming bedrooms await along with a full bath. The bedroom at the front of the house boasts panoramic views of Little Traverse Bay and downtown Petoskey , providing a picturesque backdrop that might make it difficult to leave the comfort of your bed in the morning. Outside, the oversized two-car garage has a heated interior and dual workshops, currently serving as a potting shed and art studio. An additional one-car attached garage at the front of the house provides even more storage space for vehicles or outdoor gear. The partially finished basement boasts an efficient office and storage beyond your wildest dreams. Step outside onto the large low-maintenance deck, situated above the one-car garage. Meanwhile, a cozy traditional covered porch invites you to relax. In the backyard, a brick patio creates an idyllic setting for summer evenings spent under the stars. The property has lovely, yet low-maintenance gardens add to the beauty of the landscape. All offers will be reviewed after noon 6/2/24

Last Agent to Sell the Property

David Shuman

Bay North Realty Co. Listed on: 05/30/2024

Last Buyer's Agent

C.T. Shuman

Real Estate One

Real Estate One

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1910

Lot Details

  • 7,449

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,579 Sq Ft Home
  • Thermal Windows
  • Insulated Windows
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Dryer
  • Wood Flooring
  • Water Views

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 3 Car Garage
  • Second Garage

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-153-018

Home Details

Home Type

Single Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1910
  • Lvt Date: 05/30/2024
  • Section: 5
  • Second Address Number: 438
  • Directions: Mitchell St to Howard St, left on Grove St.
  • OFFICELIST_STATE: MI
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1910

Interior Features

  • Features: Cable, Central Air, Dishwasher, Dryer, Patio, Range, Refrigerator, Wood Floors
  • Total Finished Sq Ft: 1579
  • Master Bedroom: Dimensions: 14.8 x 12.1, On Level: Upper
  • Bedroom 2: Dimensions: 13.7 x 12.8, On Level: Upper
  • Bedroom 3: Dimensions: 13.1 x 27.9, On Level: Main
  • Bedroom 4: On Level: N/A
  • Basement: Partial, Walkout
  • Dining Room: Dimensions: 8.6 x 13.2, On Level: Main
  • Kitchen: Dimensions: 9.6 x 13.2, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 14.8 x 11.1, On Level: Main
  • Above Grade Finished Sq Ft: 1579
  • Bathroom 1: Dimensions: 10.5 x 6.10, On Level: Main
  • Bathroom 2: Dimensions: 10.10 x 4.9, On Level: Upper
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Rooms 1: Dimensions: 9.8 x 14.9, On Level: Main
  • Rooms 2: Dimensions: 6.1 x 10.9, On Level: Lower
  • Windows: Thermo, Insulated

Exterior Features

  • Construction: Wood Frame/Site Built
  • Lake: Michigan
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither
  • Water View: Yes

Garage/Parking

  • Garage Carport: Garage-Attached, Garage-Detached
  • Gar Car Capacity: Three

Utilities

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

Schools

  • School District: Petoskey

Lot Info

  • Zoning: R

Tax Info

  • Assessor Parcel Number: 52-19-05-153-018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Jul 2, 2024
Sold by
Sutton Michael J
Bought by
Goyne Michael A and Goyne Janet L
Seller's Agent
David Shuman
Bay North Realty Co.
Buyer's Agent
C.T. Shuman
Real Estate One
List Price
$625,000
Sold Price
$675,000
Premium/Discount to List
$50,000
8%
Views
109
Current Estimated Value
$670,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,169
Avg. Annual Appreciation
-0.41%
Original Mortgage
$540,000
Outstanding Balance
$533,550
Interest Rate
6.99%
Estimated Equity
$137,281

Purchase Details

Closed on
Oct 25, 2006
Sold by
Karabees Martin W
Bought by
Sutton Michael J and Sutton Carol A

Purchase Details

Closed on
Oct 5, 2005
Sold by
Swick Kenneth D and Swick Wf
Bought by
Karabees Martin W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Goyne Michael A $675,000 --
Goyne Michael A $675,000 Talon Title Agency
Sutton Michael J $265,000 --
Karabees Martin W $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goyne Michael A $540,000
Closed Goyne Michael A $540,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2024 07/02/24 Sold $675,000 +8.0% $427 / Sq Ft
05/30/2024 05/30/24 For Sale $625,000 -- $396 / 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 $3,356 $219,700 $219,700 $0
2024 $3,356 $186,300 $186,300 $0
2023 $3,077 $161,400 $161,400 $0
2022 $3,077 $152,500 $152,500 $0
2021 $2,995 $136,300 $136,300 $0
2020 $3,028 $114,700 $114,700 $0
2019 -- $113,400 $113,400 $0
2018 -- $104,100 $104,100 $0
2017 -- $97,700 $97,700 $0
2016 -- $97,600 $97,600 $0
2015 -- $90,700 $0 $0
2014 -- $85,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 473962

Northern Michigan MLS

APN: 52-19-05-153-018