NOT LISTED FOR SALE

502 W Sheridan Rd Petoskey, MI 49770

Estimated Value: $217,154 - $297,000

2 Beds
1 Bath
988 Sq Ft
$266/Sq Ft Est. Value

Last Sold August 10, 2020

Last sale price $157,000 $159 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $1,557/month

280 Days on Market

Highlights

  • Cathedral Ceiling
  • Main Floor Primary Bedroom
  • Living Room
  • Wood Flooring
  • Wood Frame Window
  • Shed

About This Home

As of August 2020

Cute, pristine and move-in ready! New kitchen, new dining, clean and fully furnished. Tons of natural light, beautiful old beadboard ceiling and a reading balcony. Two bedrooms plus a sleeping/working loft perfect for an office. An adorable porch, large yard, park-like view, and mature lilac bushes. One mile from everything: downtown, Walmart plaza, Bear River Recreation area, and more.

Last Agent to Sell the Property

Nate Graham

Graham Real Estate Listed on: 10/09/2019

Co-Listed By

Drew Bartlett

Graham Real Estate

Last Buyer's Agent

Amy McCafferty

Coldwell Banker Schmidt - Petoskey

Coldwell Banker Schmidt - Petoskey

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,910

Year Built

  • Built in 1940

Lot Details

  • 0.38

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 988 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Wood Frame Window
  • Living Room
  • Dining Room
  • Wood Flooring
  • Michigan Basement

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Shed
  • Lot Dimensions are 100 x 165

Listing and Financial Details

  • Assessor Parcel Number 52-19-06-300-080

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,910

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1940
  • Lvt Date: 10/09/2019
  • Section: 6
  • Second Address Number: 502
  • Directions: Going south on 131 turn left onto W. Sheridan (JR's & Southwood Restaurants on the corner)
  • Price per Sq Ft: 158.91
  • OFFICELIST_STATE: MI
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1940

Interior Features

  • Features: Cathedral Ceilings, Ceiling Fans, Dishwasher, Mini Blinds, Range, Refrigerator, Wood Floors
  • Total Finished Sq Ft: 988
  • Master Bedroom: Dimensions: 11 x 11, On Level: Main
  • Bedroom 2: Dimensions: 10 x 10, On Level: Main
  • Bedroom 3: On Level: N/A
  • Bedroom 4: On Level: N/A
  • Total Rooms: 5
  • Basement: Michigan
  • Dining Room: Dimensions: with kitchen, On Level: Main
  • Kitchen: Dimensions: 16 x 11, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 16 x 14, On Level: Main
  • Above Grade Finished Sq Ft: 988
  • Bathroom 1: On Level: Main
  • Bathroom 2: Dimensions: Full, On Level: Main
  • Number Of Bedrooms: 2
  • Full Bathrooms: 1
  • Rooms 1: Dimensions: Loft - 11 x 11, On Level: Upper
  • Rooms 2: On Level: N/A
  • Windows: Wood Sash

Exterior Features

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

Utilities

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

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 100 x 165
  • Lot: Y
  • Zoning: R-1

Tax Info

  • Assessor Parcel Number: 52-19-06-300-080

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2019
Closed on
Aug 11, 2020
Sold by
Natural Element Inc
Bought by
Sabo Shannon
Seller's Agent
Nate Graham
Graham Real Estate
Buyer's Agent
Amy McCafferty
Coldwell Banker Schmidt - Petoskey
List Price
$179,000
Sold Price
$157,000
Premium/Discount to List
-$22,000
-12.29%
Current Estimated Value
$262,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,718
Avg. Annual Appreciation
10.49%
Original Mortgage
$149,625
Outstanding Balance
$132,728
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$129,990

Purchase Details

Closed on
Sep 8, 2017
Sold by
Coffey Walter C and Coffey William H
Bought by
Natural Element Inc

Purchase Details

Closed on
Mar 1, 1980
Bought by
Coffey
Source: Public Records

Range of Values:

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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
Sabo Shannon $157,500 --
Natural Element Inc $45,000 Attorneys Title Agency
Coffey $8,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sabo Shannon $149,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2020 08/10/20 Sold $157,000 -12.3% $159 / Sq Ft
05/21/2020 05/21/20 For Sale $179,000 0.0% $181 / Sq Ft
05/21/2020 05/21/20 Price Changed $179,000 +14.0% $181 / Sq Ft
02/05/2020 02/05/20 Off Market $157,000 -- --
01/16/2020 01/16/20 For Sale $197,000 0.0% $199 / Sq Ft
01/16/2020 01/16/20 Price Changed $197,000 +25.5% $199 / Sq Ft
01/16/2020 01/16/20 Off Market $157,000 -- --
10/09/2019 10/09/19 For Sale $199,000 -- $201 / 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 $1,910 $81,000 $81,000 $0
2024 $1,910 $74,300 $74,300 $0
2023 $1,739 $58,100 $58,100 $0
2022 $1,739 $55,100 $55,100 $0
2021 $1,690 $49,500 $49,500 $0
2020 $1,694 $38,000 $38,000 $0
2019 -- $37,200 $37,200 $0
2018 -- $30,100 $30,100 $0
2017 -- $19,500 $19,500 $0
2016 -- $20,100 $20,100 $0
2015 -- $20,300 $0 $0
2014 -- $36,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nate Graham

    Seller's Agent in 2020

    Nate Graham

    Graham Real Estate

    (231) 838-6254

    1 in this area

    72 Total Sales

    Nate Graham
    Section Image
  • Drew Bartlett

    Seller Co-Listing Agent in 2020

    Drew Bartlett

    Graham Real Estate

    (231) 838-7272

    6 in this area

    89 Total Sales

    Drew Bartlett
    Section Image
  • Amy McCafferty

    Buyer's Agent in 2020

    Amy McCafferty

    Coldwell Banker Schmidt - Petoskey

    (231) 838-4653

    3 in this area

    102 Total Sales

    Amy McCafferty
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 460440

Northern Michigan MLS

APN: 52-19-06-300-080

Michigan Emmet County Petoskey 49770

502 W Sheridan Rd, Petoskey, MI

This home is located at 502 W Sheridan Rd, Petoskey, MI 49770 since 09 October 2019 and is currently estimated at $262,718, approximately $265 per square foot. This property was built in 1940. 502 W Sheridan Rd is a home located in Emmet County with nearby schools including Petoskey High School, St. Francis Xavier School, and Petoskey Montessori Children's.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northern Michigan MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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