NOT LISTED FOR SALE

505 Cherry St Petoskey, MI 49770

Estimated Value: $648,000 - $739,000

4 Beds
2.5 Baths
2,648 Sq Ft
$257/Sq Ft Est. Value

Last Sold May 20, 2024

Last sale price $640,000 $242 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,940/month

42 Days on Market

Highlights

  • Wood Flooring
  • Wood Frame Window
  • Brick or Stone Mason
  • Lower Floor Utility Room
  • 2 Car Attached Garage
  • 5-minute walk to Petoskey Art Fair

About This Home

As of May 2024

For the first time in over fifty-five years 505 Cherry Street is looking for a new family to enjoy this charming non-Victorian style home in the heart of downtown Petoskey on a giant, double-plus corner lot with 3 floors of living space and room to expand. This is one of the custom-built homes by Petoskey's renowned brick home builder Richard A. Wilbur, and true to form it features a lot of mid-century characteristics with beautiful hardwood flooring, custom built-ins, coved ceilings, unique storage options, and interesting spaces for stay at home work as well as relaxing. With two bedrooms upstairs and two bedrooms on the main floor plus a rare functional in town lower level, this house checks the boxes for young families and retirees alike and is walking distance from town and several schools. Multi-generational families can make this a great option as well with room for everyone as it is currently configured or there is a great to be finished space above the oversized garage with its own designated entrance. The grounds are gorgeous and full of well-kept trees and plantings flanking beautiful outdoor patios on both sides of the home that allowed these owners to enjoy sun and shade depending on their preference and the time of day. This a magnificent home and property perfectly positioned in one of our finest neighborhoods and is available for immediate occupancy, so get yourself to Northern Michigan just in time for summer and start enjoying the comfortable even paced lifestyle that Petoskey and The Little Traverse Bay Region provides. Contact today for a private showing.

Last Agent to Sell the Property

Michael MacCarthy

Gaslight Group Properties Listed on: 04/08/2024

Last Buyer's Agent

Stephanie Jones

Kidd & Leavy Real Estate Co. LLC

Home Details

Home Type

  • Single Family

Lot Details

  • 0.37

Home Design

  • Brick or Stone Mason
  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,648 Sq Ft Home
  • Wood Burning Fireplace
  • Wood Frame Window
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Wood Flooring
  • Finished Basement

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Upstairs

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Patio
  • Property is zoned COP R-2

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-300-070

Home Details

Home Type

Single Family

Lot Details

0.37 Acres

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 04/08/2024
  • Section: 5
  • Second Address Number: 505
  • Directions: From the corner of Mitchell and Howard Street in the middle of downtown Petoskey, travel east on Mitchell one block to Waukazoo Street, turn right and follow to Cherry Street, turn left and this great home occupies the corner of Waukazoo & Cherry Street.
  • OFFICELIST_STATE: MI
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Cable, Dishwasher, Dryer, Garbage Disposal, Patio, Paved Drive, Range, Refrigerator, Washer, Wood Fireplace, Wood Floors
  • Total Finished Sq Ft: 2648
  • Master Bedroom: Dimensions: 15' 1 x 20' 4", On Level: Upper
  • Bedroom 2: Dimensions: 13' 10" 11' 10", On Level: Main
  • Bedroom 3: Dimensions: 17'2" x 9' 7", On Level: Upper
  • Bedroom 4: Dimensions: 14' 6" x 11' 1", On Level: Main
  • Basement: Finished
  • Dining Room: Dimensions: 12' 8 x 8, On Level: Main
  • Kitchen: Dimensions: 12'4" x 11' 6", On Level: Main
  • Family Room: Dimensions: 12' 10 x 27' 7", On Level: Lower
  • Living Room: Dimensions: 12' 10 x 19' 0", On Level: Main
  • Above Grade Finished Sq Ft: 2120
  • Bathroom 1: Dimensions: 13' 10 x 9' 4", On Level: Upper
  • Bathroom 2: Dimensions: 6' 3" x 5' 9", On Level: Lower
  • Number Of Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Rooms 1: Dimensions: 40' 9" x 8' 5", On Level: Upper
  • Rooms 2: Dimensions: 14' 1" x 14' 1", On Level: Lower
  • Windows: Wood Sash

Exterior Features

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

Garage/Parking

  • Garage Carport: Garage-Attached
  • Gar Car Capacity: Two and Half

Utilities

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

Schools

  • School District: Petoskey

Lot Info

  • Zoning: COP R-2

Tax Info

  • Assessor Parcel Number: 52-19-05-300-070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2002
Sold by
Vandenbrink Janice R
Bought by
Parkinson Janice R and Parkinson Frank A
Current Estimated Value
$680,802
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Parkinson Janice R -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2024 05/20/24 Sold $640,000 -1.4% $242 / Sq Ft
04/08/2024 04/08/24 For Sale $649,000 -- $245 / Sq Ft
Source: Northern Michigan MLS

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 $4,309 $300,200 $300,200 $0
2024 $41 $266,300 $266,300 $0
2023 $3,952 $231,400 $231,400 $0
2022 $3,952 $218,700 $218,700 $0
2021 $3,846 $193,300 $193,300 $0
2020 $3,888 $160,900 $160,900 $0
2019 -- $157,900 $157,900 $0
2018 -- $137,500 $137,500 $0
2017 -- $135,000 $135,000 $0
2016 -- $129,500 $129,500 $0
2015 -- $121,300 $0 $0
2014 -- $107,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 473415

Northern Michigan MLS

APN: 52-19-05-300-070

Your Personal Tour Guide

Ask me questions while you tour the home.