NOT LISTED FOR SALE

5055 Lake Grove Rd Petoskey, MI 49770

Estimated Value: $318,633 - $1,711,000

-- Bed
-- Bath
-- Sq Ft
0.57 Acres

About This Home

This home is located at 5055 Lake Grove Rd, Petoskey, MI 49770 and is currently estimated at $712,658. 5055 Lake Grove Rd is a home located in Emmet County with nearby schools including Petoskey High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2024
Sold by
Falter Thomas A and Falter Karen K
Bought by
Falter Karen K and Falter Thomas A
Current Estimated Value
$712,658

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$298,193
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$414,465

Purchase Details

Closed on
Apr 10, 2023
Sold by
Falter Karen Kopich and Falter Thomas A
Bought by
Falter Karen A and Falter Thomas A

Purchase Details

Closed on
May 31, 2022
Sold by
Smith Judith F and Judith F Smith Revocable Trust
Bought by
Falter Karen Kopich and Falter Thomas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.27%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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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.

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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.

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Quantarium

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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
Falter Karen K -- Title Solutions Agency Llc
Falter Karen A -- --
Falter Karen Kopich -- Crossroads Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Falter Karen K $300,000
Source: Public Records

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 $5,835 $159,600 $3,100 $156,500
2024 $5,835 $160,200 $3,100 $157,100
2023 $3,340 $134,900 $134,900 $0
2022 $3,223 $103,600 $103,600 $0
2021 $3,223 $85,700 $85,700 $0
2020 $3,175 $86,400 $86,400 $0
2019 -- $85,900 $85,900 $0
2018 -- $78,100 $78,100 $0
2017 -- $76,000 $76,000 $0
2016 -- $75,100 $75,100 $0
2015 -- $75,100 $0 $0
2014 -- $70,500 $0 $0
Source: Public Records

Map

Michigan Emmet County Petoskey 49770

5055 Lake Grove Rd, Petoskey, MI

This home is located at 5055 Lake Grove Rd, Petoskey, MI 49770 and is currently estimated at $712,658. 5055 Lake Grove Rd is a home located in Emmet County with nearby schools including Petoskey High School.

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