NOT LISTED FOR SALE

4852 Longman Ln Petoskey, MI 49770

Estimated Value: $2,123,000 - $2,202,000

2 Beds
2 Baths
1,430 Sq Ft
$1,515/Sq Ft Est. Value

Last Sold October 01, 2024

Last sale price $1,625,000 $1,136 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $12,881/month

40 Days on Market

Highlights

  • 125 Feet of Waterfront
  • Wood Burning Stove
  • Main Floor Primary Bedroom
  • Deck
  • Pole Barn
  • Lower Floor Utility Room

About This Home

As of October 2024

Don't miss your chance to get on Walloon Lake for an incredible price! Sitting on 125' of waterfront and just under an acre lot, this 2 bedroom 2 bathroom cottage is the perfect spot for your summer getaway. Enjoy your morning coffee on the wrap around deck as sun rises or grill out with family and friends after a day of boating. The main level is cozy with a kitchen, bedroom, bath, and living room complete with wood stove to take the chill off in the evenings. The lower level has an additional bedroom and bath, and walks out to the lower level deck. The expansive yard is perfect for yard games and the pole barn will house your vehicles and water toys! You're a short drive to Petoskey and the Village of Walloon, along with the many great restaurants and wineries in between. The Dock, hoist, boat, and furniture are able to be purchased separately. *No showings until Tuesday 9/3*

Last Agent to Sell the Property

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC Listed on: 08/22/2024

Last Buyer's Agent

Cary Adgate

Kidd & Leavy Real Estate Co. LLC

Home Details

Home Type

  • Single Family

Lot Details

  • 125 Feet of Waterfront
  • Property is zoned EC RR

Parking

  • 2 Car Garage

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,430 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Stove
  • Family Room Downstairs
  • Living Room
  • Lower Floor Utility Room
  • Water Views
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

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

Outdoor Features

  • Deck
  • Patio
  • Pole Barn

Utilities

  • Heating System Uses Propane
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 01-19-30-400-018

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 08/22/2024
  • Section: 30
  • Second Address Number: 4852
  • Directions: From US 31, take W. Gruler Road, right onto Longman Lane.
  • OFFICELIST_STATE: MI
  • Street Designation: Lane
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Ceiling Fans, Deck, Dryer, Patio, Range, Refrigerator, Washer, Wood Stove
  • Total Finished Sq Ft: 1430
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Lower
  • Bedroom 3: On Level: N/A
  • Bedroom 4: On Level: N/A
  • Basement: Full, Walkout, Finished
  • Dining Room: On Level: N/A
  • Kitchen: On Level: Main
  • Family Room: On Level: Lower
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 719
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Lower
  • Number Of Bedrooms: 2
  • Full Bathrooms: 2
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A

Exterior Features

  • Construction: Wood Frame/Site Built
  • Lake: Walloon
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 125
  • Waterfront Water Access: Water Front
  • Water View: Yes
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

  • Gar Car Capacity: Two

Utilities

  • Heat Type: LP Gas
  • Sewer: Septic
  • Water: Well

Schools

  • School District: Petoskey

Lot Info

  • Zoning: EC RR

Tax Info

  • Assessor Parcel Number: 01-19-30-400-018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Sep 24, 2024
Sold by
Davies Joseph B
Bought by
Heisel Heidi Ann
Seller's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Cary Adgate
Kidd & Leavy Real Estate Co. LLC
List Price
$1,600,000
Sold Price
$1,625,000
Premium/Discount to List
$25,000
1.56%
Views
92
Current Estimated Value
$2,166,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$541,350
Avg. Annual Appreciation
24.54%

Purchase Details

Closed on
Oct 19, 2015
Sold by
Davies Family Llc
Bought by
Davies Joseph B

Purchase Details

Closed on
May 23, 2014
Sold by
Williams Robert L and Williams Deborah K
Bought by
Davies Family Llc

Purchase Details

Closed on
Jul 10, 1998
Sold by
Lange Dorian N and Lange Anne L
Bought by
Williams Robert L and Williams Deborah K

Purchase Details

Closed on
Mar 1, 1995
Bought by
Lange Pta
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
Heisel Heidi Ann -- Crossroads Title
Davies Joseph B -- None Available
Davies Family Llc $700,000 --
Williams Robert L $342,500 --
Lange Pta -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2024 10/01/24 Sold $1,625,000 +1.6% $1,136 / Sq Ft
08/22/2024 08/22/24 For Sale $1,600,000 -- $1,119 / 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 $19,977 $611,100 $611,100 $0
2024 $190 $557,200 $557,200 $0
2023 $18,173 $516,400 $516,400 $0
2022 $18,173 $425,200 $425,200 $0
2021 $17,585 $419,000 $419,000 $0
2020 $17,297 $410,200 $410,200 $0
2019 $16,196 $405,700 $405,700 $0
2018 $15,972 $390,000 $390,000 $0
2017 -- $391,100 $391,100 $0
2016 -- $380,000 $380,000 $0
2015 -- $374,100 $0 $0
2014 -- $373,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patrick Leavy

    Seller's Agent in 2024

    Patrick Leavy

    Kidd & Leavy Real Estate Co. LLC

    (231) 881-6639

    39 in this area

    381 Total Sales

    Patrick Leavy
    Section Image
  • Cary Adgate

    Buyer's Agent in 2024

    Cary Adgate

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-7718

    3 in this area

    7 Total Sales

    Cary Adgate
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 474696

Northern Michigan MLS

APN: 01-19-30-400-018

Michigan Emmet County Petoskey 49770

4852 Longman Ln, Petoskey, MI

Not Listed for Sale

Detached

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