NOT LISTED FOR SALE

4748 Lake Grove Rd Petoskey, MI 49770

Estimated Value: $365,000 - $4,175,432

7 Beds
5.5 Baths
5,700 Sq Ft
$398/Sq Ft Est. Value

Last Sold October 01, 2020

Last sale price $3,200,000 $561 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $14,307/month

Highlights

  • 116 Feet of Waterfront
  • Deck
  • Cathedral Ceiling
  • Docks
  • Radiant Floor
  • Main Floor Primary Bedroom

About This Home

As of October 2020

There is something about a home on Walloon Lake that is soothing to the soul and this one has the all the warmth and charm to capture your heart. Imagine a home designed for the generations, the centerpiece of which is a beautiful great room with timber-framed cathedral ceilings, a gorgeous natural stone fireplace, a 2-story window wall framing a perfect view of the turquoise blue waters of Walloon Lake and the orange hues of an evening sunset. The living room, dining room and main level master bedroom open to spacious decks and outdoor entertaining spaces. In addition, there are immaculately maintained terraced gardens complete with a waterfall, pond and beach. This custom built home is styled after the timber-framed homes of the West, and features classic use of wood and stone accents on the exterior with a touch of craftsman style architecture on the interior. Just a few of the other niceties of the home include; a family-style gourmet kitchen, dual master suites, custom cabinetry by Wooden Hammer, solid hickory floors, a Sub Zero refrigerator, Thermador cooktop and an indoor and outdoor built-in speaker system. On the entirely separate upper and lower levels, there are additional bedroom suites, as well as a TV room for any children or guests. This home even has an oversized storage room for all of your summer and winter toys. Another benefit of this home is how conveniently close to Petoskey and McLaren Northern Michigan Hospital it is. A must see for the discerning buyer on Walloon Lake.

Last Agent to Sell the Property

Wally Kidd

Kidd & Leavy Real Estate Co. LLC Listed on: 09/19/2018

Last Buyer's Agent

Wally Kidd

Kidd & Leavy Real Estate Co. LLC Listed on: 09/19/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $74,914

Year Built

  • Built in 2006

Lot Details

  • 116 Feet of Waterfront
  • Sprinkler System

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 5,700 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Thermal Windows
  • Insulated Windows
  • Family Room on Second Floor
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Water Views
  • Home Security System

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Radiant Floor

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Finished Basement

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

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Docks
  • Deck

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 13-18-26-300-030

Home Details

Home Type

Single Family

Est. Annual Taxes

$74,914

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2006
  • Lvt Date: 09/19/2018
  • Measurement Source: Builder
  • Section: 26
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2006

Interior Features

  • Features: Built In Microwave, Cable, Cathedral Ceilings, Ceiling Fans, Central Air, Deck, Dishwasher, Dock, Dryer, Garbage Disposal, Gas Fireplace, Paved Drive, Range, Refrigerator, Sprinkler System, Washer, Wood Floors, Security System, Paved Road
  • Total Finished Sq Ft: 5700
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Total Rooms: 10
  • Basement: Full, Walkout, Finished
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Upper
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 3600
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Main
  • Number Of Bedrooms: 7
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Rooms 1: On Level: Lower
  • Rooms 2: On Level: Lower
  • Windows: Thermo, Insulated

Exterior Features

  • Construction: Wood Frame/Site Built, Two Story +
  • Lake: Walloon
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 116
  • Waterfront Water Access: Water Front
  • Water View: Y
  • 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, In Floor Heating
  • Sewer: Septic
  • Water: Well
  • Water Heater: Natural Gas, 60 Gal

Schools

  • School District: Petoskey

Lot Info

  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 13-18-26-300-030

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2018
Closed on
Sep 25, 2020
Sold by
Semmer William B
Bought by
Korth Michael H and Korth Kristy A
Seller's Agent
Wally Kidd
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Wally Kidd
Kidd & Leavy Real Estate Co. LLC
List Price
$3,290,000
Sold Price
$3,200,000
Premium/Discount to List
-$90,000
-2.74%
Current Estimated Value
$2,270,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$929,784
Avg. Annual Appreciation
-6.27%

Purchase Details

Closed on
Feb 11, 2002
Sold by
Trogan Bruce F and Trogan Betsy A
Bought by
Semmer William B and Semmer Mary H

Purchase Details

Closed on
Jan 25, 2001
Sold by
Stults Gerald R
Bought by
Trogan Bruce F and Trogan Betsy A

Purchase Details

Closed on
Nov 22, 1999
Sold by
Meyer John G and Meyer Wanda V
Bought by
Stults Gerald R

Purchase Details

Closed on
Mar 26, 1999
Sold by
Meyer David L Catherine A
Bought by
Meyer John G and Meyer Wanda
Source: Public Records

Range of Values:

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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
Korth Michael H -- --
Semmer William B $575,000 --
Trogan Bruce F $575,000 --
Stults Gerald R $425,000 --
Meyer John G -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2020 10/01/20 Sold $3,200,000 0.0% $561 / Sq Ft
11/15/2019 11/15/19 Off Market $3,200,000 -- --
09/19/2018 09/19/18 For Sale $3,290,000 -- $577 / 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 $74,914 $2,492,200 $2,492,200 $0
2024 $74,914 $2,418,800 $2,418,800 $0
2023 $68,112 $2,241,900 $2,241,900 $0
2022 $68,112 $1,721,800 $1,721,800 $0
2021 $65,719 $1,596,800 $1,596,800 $0
2020 $34,083 $1,098,700 $1,098,700 $0
2019 -- $1,042,000 $1,042,000 $0
2018 -- $1,057,800 $1,057,800 $0
2017 -- $989,800 $989,800 $0
2016 -- $952,900 $952,900 $0
2015 -- $889,200 $0 $0
2014 -- $800,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 456689

Northern Michigan MLS

APN: 13-18-26-300-030