NOT LISTED FOR SALE

4465 Upper Balcony Petoskey, MI 49770

Estimated Value: $806,763 - $984,000

5 Beds
3.5 Baths
3,800 Sq Ft
$241/Sq Ft Est. Value

Last Sold August 07, 2020

Last sale price $510,000 $134 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $5,406/month

82 Days on Market

Highlights

  • Second Garage
  • Deck
  • Cathedral Ceiling
  • 2 Acre Lot
  • Wood Burning Stove
  • Wood Flooring

About This Home

As of August 2020

Immaculate custom built home on two acres in a very private setting. This home features main floor living, an open floor plan and beautiful soaring ceilings in the great room. Nine foot ceilings in the other main floor rooms, nine foot ceiling on second floor and in the finished walk-out lower level. Main floor has 8 ft. solid core doors, beautiful wood floors and a gas fireplace. Enjoy the well-designed kitchen complete with a walk-in pantry. Master bedroom with trayed ceilings, an ensuite bath with large tiled shower, whirlpool tub and access to the large walk-in closet. Upstairs are two spacious bedrooms that share a centrally located bath. The lower level is amazing! It is a completely separate living space with outside access. It has a complete kitchen, large family room and two additional bedrooms. Also a separate washer/dryer than the upstairs. This space is perfect for multi-generation living. The attached 3 car garage is great, but the 2nd detached garage is every man’s dream. It is insulated and is heated with the outside wood stove that heats the house. Nat. Gas is coming this year to the neighborhood. The home is close to Jones Landing on Walloon Lake where you can put in a boat or swim. There is easy access to the snowmobile trails from this home and many miles of snowshoeing and hiking. This is an exceptional property! Please see the 360 visual tour.

Last Agent to Sell the Property

Carol Fay

Coldwell Banker Schmidt - Petoskey Listed on: 03/25/2020

Coldwell Banker Schmidt - Petoskey

Last Buyer's Agent

C.T. Shuman

Real Estate One

Real Estate One

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 2 Acre Lot
  • Sprinkler System

HOA Fees

  • $21 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 3,800 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Gas Fireplace
  • Blinds
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Washer
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Whirlpool Bathtub

Parking

  • 4 Car Garage
  • Second Garage
  • Driveway

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Wood
  • Heating System Uses Propane
  • Well
  • Propane Water Heater
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 01-19-28-150-140

Community Details

Overview

  • Chapel Hill Association

Recreation

  • Snowmobile Trail

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

2 Acres

HOA Fees

$21 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2007
  • Lvt Date: 03/27/2020
  • Section: 28
  • Second Address Number: 4465
  • Directions: River Road to Chapel Hill to Upper Balcony
  • OFFICELIST_STATE: MI
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2007

Interior Features

  • Features: Cable, Cathedral Ceilings, Ceiling Fans, Central Air, Deck, Dishwasher, Gas Fireplace, Mini Blinds, Patio, Paved Drive, Range, Refrigerator, Sprinkler System, Washer, Whirl Pool, Wood Floors, Wood Stove, Near Snowmobile Trails, Paved Road
  • Total Finished Sq Ft: 3800
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Lower
  • Basement: Full, 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: 3800
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Rooms 1: Dimensions: Bedroom, On Level: Lower
  • Rooms 2: Dimensions: bath, On Level: Lower
  • Windows: Andersen

Exterior Features

  • Construction: Wood Frame/Site Built
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Garage/Parking

  • Garage Carport: Garage-Attached, Garage-Detached
  • Gar Car Capacity: Four +

Utilities

  • Heat Type: Forced Air, LP Gas, Wood, Heat Pump
  • Sewer: Septic
  • Water: Well
  • Water Heater: Propane

Condo/Co-op/Association

  • Association: Chapel Hill
  • Association: Yes
  • Fees: 250

Schools

  • School District: Petoskey

Lot Info

  • Estimated Number of Acres: 2
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 01-19-28-150-140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2020
Closed on
Aug 7, 2020
Sold by
Byrd Scott A
Bought by
Meyer Emerson and Meyer Juliet
Seller's Agent
Carol Fay
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
C.T. Shuman
Real Estate One
List Price
$640,000
Sold Price
$510,000
Premium/Discount to List
-$130,000
-20.31%
Current Estimated Value
$915,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,441
Avg. Annual Appreciation
10.95%
Original Mortgage
$408,000
Outstanding Balance
$361,109
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$554,332

Purchase Details

Closed on
Sep 4, 2013
Sold by
Byrd Scott A and Byrd Jenifer J
Bought by
Byrd Scott A and Byrd Jenifer J

Purchase Details

Closed on
Jun 4, 2007
Sold by
Provost Kenneth E and Provost Jacelyn M
Bought by
Byrd Scott and Byrd Jenifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.2%

Purchase Details

Closed on
Nov 20, 2006
Bought by
Dex Llc

Purchase Details

Closed on
Oct 17, 2005
Bought by
Provost Kenneth E and Provost Jacelyn
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
Meyer Emerson $510,000 --
Byrd Scott A -- --
Byrd Scott $40,000 --
Dex Llc $52,200 --
Provost Kenneth E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meyer Emerson $408,000
Previous Owner Byrd Scott $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2020 08/07/20 Sold $510,000 -7.3% $134 / Sq Ft
05/29/2020 05/29/20 Price Changed $549,900 -6.0% $145 / Sq Ft
05/19/2020 05/19/20 Price Changed $585,000 -8.6% $154 / Sq Ft
03/25/2020 03/25/20 For Sale $640,000 -- $168 / Sq Ft
Source: Northern Michigan MLS

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 $6,837 $351,000 $351,000 $0
2024 $65 $335,600 $335,600 $0
2023 $6,233 $291,800 $291,800 $0
2022 $6,233 $251,000 $251,000 $0
2021 $6,246 $251,700 $251,700 $0
2020 $4,040 $238,500 $238,500 $0
2019 $3,801 $231,600 $231,600 $0
2018 $3,710 $198,300 $198,300 $0
2017 -- $201,400 $201,400 $0
2016 -- $190,400 $190,400 $0
2015 -- $183,100 $0 $0
2014 -- $161,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 461522

Northern Michigan MLS

APN: 01-19-28-150-140

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