NOT LISTED FOR SALE

503 State St Petoskey, MI 49770

8 Beds
5 Baths
3,422 Sq Ft
50 Acres

Last Sold September 19, 2014

Last sale price $40,000 $12 Per Sq Ft

288 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • 1-minute walk to St Francis Xavier Playground
  • Forced Air Heating System

About This Home

As of September 2014

5 unit rental close to downtown. All units are vacant and ready for renovation. With some work this multi unit has good cash flow potential.

Last Agent to Sell the Property

Ethan Swiger

Real Estate One Listed on: 11/25/2013

Real Estate One

Last Buyer's Agent

Ethan Swiger

Real Estate One Listed on: 11/25/2013

Real Estate One

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 50 x 90

Parking

  • Driveway

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 3,422 Sq Ft Home
  • Ceiling Fan
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Range

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Community Sewer or Septic
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-100-082

Community Details

Overview

  • 5 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multifamily
  • Type 2: Apartments
  • Estimated Year Built: 1900
  • Measurement Source: Appraiser
  • Section: 5
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Features: Cable, Ceiling Fans, Paved Drive, Range, Refrigerator, Wood Floors
  • Basement: Full
  • Total Sq Ft: 3422
  • Above Grade Finished Sq Ft: 3422

Exterior Features

  • Construction: Wood Frame
  • Roof: Asphalt Shingles
  • Waterfront Water Access: Neither

Utilities

  • Heat Type: Natural Gas, Forced Air
  • Sewer: Community
  • Water: City
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Water Heaters: 1
  • Number Water Meters: 1

Lot Info

  • Estimated Lot Dimensions: 50 x 90
  • Lot: Y
  • Zoning: R-2

Tax Info

  • Assessor Parcel Number: 52-19-05-100-082

Multi Family

  • Number Of Units: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2013
Sold by
Erickson Michael R
Bought by
Land Holding Llc

Purchase Details

Closed on
Mar 6, 2000
Sold by
Foster Thomas S
Bought by
Manker Martin Douglas and Manker Julie

Purchase Details

Closed on
Jun 1, 1997
Bought by
Foster

Purchase Details

Closed on
May 1, 1985
Sold by
Rivard 5000Dn 11%Int
Bought by
Oleszek
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
Land Holding Llc $164,500 --
Manker Martin Douglas $179,000 --
Foster -- --
Oleszek $42,800 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2014 09/19/14 Sold $40,000 -71.4% $12 / Sq Ft
09/09/2014 09/09/14 Pending -- -- --
11/25/2013 11/25/13 For Sale $139,900 -- $41 / 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 $3,739 $263,500 $0 $263,500
2024 $36 $234,300 $0 $234,300
2023 $3,404 $189,400 $0 $189,400
2022 $3,404 $179,300 $0 $179,300
2021 $3,307 $154,900 $25,800 $129,100
2020 $3,316 $116,300 $25,800 $90,500
2019 -- $113,600 $25,800 $87,800
2018 -- $103,900 $25,800 $78,100
2017 -- $57,700 $25,800 $31,900
2016 -- $59,900 $25,800 $34,100
2015 -- $60,800 $0 $0
2014 -- $73,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ethan Swiger

    Seller's Agent in 2014

    Ethan Swiger

    Real Estate One

    (231) 881-6263

    23 in this area

    110 Total Sales

    Ethan Swiger
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 438998

Northern Michigan MLS

APN: 52-19-05-100-082

Michigan Emmet County Petoskey 49770

503 State St, Petoskey, MI

Not Listed for Sale

MultiFamily

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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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