NOT LISTED FOR SALE

505 State St Petoskey, MI 49770

Estimated Value: $586,680 - $698,000

5 Beds
2 Baths
2,898 Sq Ft
$217/Sq Ft Est. Value

Last Sold September 25, 2019

Last sale price $265,000 $91 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $3,802/month

2 Days on Market

Highlights

  • Cathedral Ceiling
  • First Floor Utility Room
  • Patio
  • Main Floor Primary Bedroom
  • Wood Frame Window
  • 1-minute walk to St Francis Xavier Playground

About This Home

As of September 2019

Price includes $10,000 allowance for renovations. Move in ready. Electrical service has been completely updated as well as the plumbing and hot water heating system. In town home ready for the next loving family. Walk anywhere to all Petoskey has to offer. Lots of potential in the backyard with Koi pond, garden area and solitude. The fenced dog run area is perfect for the furry family members. Solid home with good newer appliances. Large kitchen with 2 full size sinks and lots of counter space and storage. There is a very large third floor area accessed by stairway from the second floor hallway. This airy space has many use options such as fitness area, craft/art studio, bedroom, theater room or just use your imagination. Exterior utility shed equipped with lawn/garden tools included in sale price. Personal furnishings are not included in the listing price however they are negotiable.

Last Agent to Sell the Property

Michael Nesterowich

Coldwell Banker Schmidt- Harbor Springs Listed on: 09/07/2019

Coldwell Banker Schmidt- Harbor Springs

Last Buyer's Agent

Michael Nesterowich

Coldwell Banker Schmidt- Harbor Springs Listed on: 09/07/2019

Coldwell Banker Schmidt- Harbor Springs

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 7,100

Parking

  • Driveway

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,898 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Gas Fireplace
  • Wood Frame Window
  • Family Room
  • Living Room
  • Dining Room
  • First Floor Utility Room

Kitchen

  • Range
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Basement

  • Michigan Basement
  • Partial Basement

Outdoor Features

  • Patio
  • Shed

Utilities

  • Hot Water Baseboard Heater
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-100-063

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1900
  • Lvt Date: 09/07/2019
  • Section: 4
  • Second Address Number: 505
  • Directions: East on Howard, North side of State
  • OFFICELIST_STATE: MI
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1900

Interior Features

  • Features: Cathedral Ceilings, Dryer, Garbage Disposal, Gas Fireplace, Patio, Paved Drive, Range, Refrigerator, Washer
  • Total Finished Sq Ft: 2898
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Basement: Michigan, Partial
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Main
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 2898
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 5
  • Full Bathrooms: 2
  • Rooms 1: On Level: Main
  • Rooms 2: On Level: Main
  • Windows: Wood Sash

Exterior Features

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

Utilities

  • Heat Type: Natural Gas, Hot Water Baseboard
  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas

Schools

  • School District: Petoskey

Lot Info

  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 52-19-05-100-063

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2019
Closed on
Sep 24, 2019
Sold by
Henriette J Kaplan Ret
Bought by
Thut Lt
Seller's Agent
Michael Nesterowich
Coldwell Banker Schmidt- Harbor Springs
Buyer's Agent
Michael Nesterowich
Coldwell Banker Schmidt- Harbor Springs
List Price
$275,000
Sold Price
$265,000
Premium/Discount to List
-$10,000
-3.64%
Current Estimated Value
$628,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,670
Avg. Annual Appreciation
14.80%

Purchase Details

Listed on
Dec 1, 2012
Closed on
Mar 29, 2013
Sold by
Gillette Robert W
Bought by
Kaplan Paul and Henriette J Kaplan Revocable Trust Dated
Seller's Agent
Roy Harvey
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Non member Emmet
Emmet Association of Realtors
List Price
$205,000
Sold Price
$170,000
Premium/Discount to List
-$35,000
-17.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.07%

Purchase Details

Closed on
Nov 8, 2002
Sold by
Kurtz Wm B and Hoffman Janet G
Bought by
Gillette Diane Ttee

Purchase Details

Closed on
Aug 31, 1999
Sold by
Kurtz William B
Bought by
Kurtz William B and Kurtz Hoffman J

Purchase Details

Closed on
Jun 4, 1998
Sold by
Kurtz Wm B and Whalls Julie A
Bought by
Kurtz William B

Purchase Details

Closed on
Mar 1, 1993
Bought by
Kurtz Home Imp Ex

Purchase Details

Closed on
Nov 1, 1990
Sold by
Watts +Mort Assump
Bought by
Phillips

Purchase Details

Closed on
Dec 1, 1988
Bought by
Watts Rps
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
Thut Lt $265,000 Attorneys Title
Kaplan Paul $170,000 --
Gillette Diane Ttee $210,000 --
Kurtz William B -- --
Kurtz William B -- --
Kurtz Home Imp Ex $92,000 --
Phillips $85,000 --
Watts Rps $62,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/25/2019 09/25/19 Sold $265,000 -3.6% $91 / Sq Ft
09/07/2019 09/07/19 For Sale $275,000 +61.8% $95 / Sq Ft
03/29/2013 03/29/13 Sold $170,000 -17.1% $61 / Sq Ft View Prior Sale
03/01/2013 03/01/13 Pending -- -- --
12/01/2012 12/01/12 For Sale $205,000 -- $73 / 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 $6,101 $222,300 $222,300 $0
2024 $6,101 $195,200 $195,200 $0
2023 $5,555 $161,000 $161,000 $0
2022 $5,555 $152,800 $152,800 $0
2021 $5,397 $131,300 $131,300 $0
2020 $5,411 $100,300 $100,300 $0
2019 -- $98,100 $98,100 $0
2018 -- $96,900 $96,900 $0
2017 -- $91,100 $91,100 $0
2016 -- $81,000 $81,000 $0
2015 -- $77,700 $0 $0
2014 -- $70,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 460127

Northern Michigan MLS

APN: 52-19-05-100-063