NOT LISTED FOR SALE

5018 River Rd Petoskey, MI 49770

Estimated Value: $319,951 - $499,000

4 Beds
3 Baths
2,128 Sq Ft
$191/Sq Ft Est. Value

Last Sold August 23, 2021

Last sale price $235,000 $110 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $2,338/month

5 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Shed
  • Family Room on Second Floor

About This Home

As of August 2021

Nice home, in an excellent location, with 4 bedrooms, 3 bathrooms, and 2128 square feet of living space. New carpet, recently painted, FSM encapsulated crawl space, 50 amp hookup for a trailer or electrical vehicle. The rear of the home overlooks a large backyard. Close proximity to Petoskey and Boyne City and in the Petoskey School District. Open House on Friday, June 25 from 4:00-7:00.

Last Agent to Sell the Property

Matthew Tamm

Kidd & Leavy Real Estate Co. LLC Listed on: 06/22/2021

Last Buyer's Agent

Pete Platte

Gaslight Group Properties

Home Details

Home Type

  • Single Family

Lot Details

  • 0.75

Parking

  • Driveway

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,128 Sq Ft Home
  • Family Room on Second Floor
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Crawl Space
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Heating System Uses Propane
  • Well
  • Septic System

Additional Features

  • Shed
  • 0.75 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 01-19-33-200-011

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 06/24/2021
  • Measurement Source: Owner
  • Section: 33
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Dishwasher, Dryer, Paved Drive, Refrigerator, Washer, Paved Road
  • Total Finished Sq Ft: 2128
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Main
  • Bedroom 4: On Level: Upper
  • Basement: Crawl
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Upper
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 2128
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Main
  • Number Of Bedrooms: 4
  • Full Bathrooms: 3
  • Rooms 1: On Level: Upper
  • Rooms 2: On Level: Upper

Exterior Features

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

Utilities

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

Lot Info

  • Estimated Number of Acres: 0.75
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 01-19-33-200-011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2021
Closed on
Aug 23, 2021
Sold by
Smith Timothy J
Bought by
Heinz Christopher and Heinz Gabrielle
Seller's Agent
Matthew Tamm
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Pete Platte
Gaslight Group Properties
List Price
$219,000
Sold Price
$235,000
Premium/Discount to List
$16,000
7.31%
Current Estimated Value
$411,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,731
Avg. Annual Appreciation
13.27%
Original Mortgage
$188,000
Outstanding Balance
$170,693
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$235,957

Purchase Details

Listed on
Nov 25, 2014
Closed on
Apr 27, 2015
Sold by
Lone Rock Investments Llc
Bought by
Smith Timothy J and Smith Jennifer M
Seller's Agent
Bill Tribble
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Danielle Boyd
Gaslight Group Properties
List Price
$139,500
Sold Price
$130,000
Premium/Discount to List
-$9,500
-6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.80%
Original Mortgage
$127,300
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 2014
Sold by
Dennis Dennis and Keiser Kay
Bought by
Lone Rock Investments Llc

Purchase Details

Closed on
Jan 16, 2014
Sold by
Timothy J Timothy J
Bought by
Keiser Dennis and Keiser Kay

Purchase Details

Closed on
Nov 29, 2010
Sold by
Citicorp Trust Bank
Bought by
Keiser Dennis and Keiser Kay

Purchase Details

Closed on
Feb 4, 2010
Sold by
Watts Tl
Bought by
Citicorp Trust Bank

Purchase Details

Closed on
Nov 11, 1998
Sold by
Stead Donald J and Stead Sherri
Bought by
Chellis Randolph and Chellis Kelli

Purchase Details

Closed on
Oct 1, 1984
Sold by
Madary 3000 Dn 11% Rps
Bought by
Chellis Wd and Chellis L592-951
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Heinz Christopher -- --
Smith Timothy J $134,000 None Available
Lone Rock Investments Llc $16,000 Talon Title Agency
Keiser Dennis -- --
Keiser Dennis $10,000 --
Citicorp Trust Bank $33,648 --
Chellis Randolph -- --
Chellis Wd $21,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heinz Christopher $188,000
Previous Owner Smith Timothy J $127,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/23/2021 08/23/21 Sold $235,000 +7.3% $110 / Sq Ft
06/22/2021 06/22/21 For Sale $219,000 +68.5% $103 / Sq Ft
04/28/2015 04/28/15 Sold $130,000 -6.8% $65 / Sq Ft View Prior Sale
01/30/2015 01/30/15 Pending -- -- --
11/25/2014 11/25/14 For Sale $139,500 -- $69 / 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 $2,468 $134,800 $4,100 $130,700
2024 $23 $121,500 $4,100 $117,400
2023 $2,250 $104,100 $3,500 $100,600
2022 $2,250 $90,600 $3,400 $87,200
2021 $1,580 $76,800 $0 $76,800
2020 $1,551 $74,900 $0 $74,900
2019 $1,459 $74,000 $4,200 $69,800
2018 $1,424 $63,800 $4,200 $59,600
2017 -- $63,000 $4,200 $58,800
2016 -- $58,400 $4,200 $54,200
2015 -- $53,300 $0 $0
2014 -- $8,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matthew Tamm

    Seller's Agent in 2021

    Matthew Tamm

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-4188

    13 in this area

    67 Total Sales

    Matthew Tamm
    Section Image
  • Pete Platte

    Buyer's Agent in 2021

    Pete Platte

    Gaslight Group Properties

    (231) 838-0935

    14 in this area

    99 Total Sales

    Pete Platte
    Section Image

  • B

    Seller's Agent in 2015

    Bill Tribble

    Coldwell Banker Schmidt - Petoskey

    (231) 838-4287

    1 in this area

    25 Total Sales

    Bill Tribble
    Section Image

  • D

    Buyer's Agent in 2015

    Danielle Boyd

    Gaslight Group Properties

    (231) 373-3904

    5 in this area

    24 Total Sales

    Danielle Boyd
    Section Image
See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 465550

Northern Michigan MLS

APN: 01-19-33-200-011

Michigan Emmet County Petoskey 49770

5018 River Rd, Petoskey, MI

Not Listed for Sale

Detached

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