NOT LISTED FOR SALE

508 Monroe St Petoskey, MI 49770

Petoskey Area

Estimated Value: $473,000 - $579,867

4 Beds
4 Baths
2,927 Sq Ft
$177/Sq Ft Est. Value

Sale Details

Date Sold: August 25, 2023

Last sale price $425,000 $145 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,395 / mo

36 Days on Market

Highlights

  • Water Views
  • Main Floor Primary Bedroom
  • Thermal Windows
  • Deck
  • Lower Floor Utility Room
  • 1 Car Attached Garage

About This Home

As of August 2023

This lovely updated and spacious 4 bedroom and 4 bath home is full of character and located just 1 block from the hospital and 6 blocks from the Marina, downtown shopping, and restaurants. Enjoy a full view of the lake in cooler months and peeks of the lake among lush greenery from your landscaped backyard in the warmer months. The home’s thoughtful updates include new kitchen and bathrooms, premium windows and exterior doors, new electrical box, all new exterior paint last year, and a new garage door. Zoning allows the 4th En Suite bedroom with its own exterior entrance to be used as a monthly rental, and was rented by traveling nurses.

Last Agent to Sell the Property

Amanda Conklin

Real Estate One Listed on: 07/20/2023

Real Estate One

Last Buyer's Agent

Elton Laura

Keller Williams Northern Michigan Horizon

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 Details

Home Type

  • Single Family

Year Built

  • Built in 1975

Lot Details

  • Lot Dimensions are 55 x 150
  • Property is zoned R-2

Parking

  • 1 Car Attached Garage

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,927 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Fireplace
  • Thermal Windows
  • Vinyl Clad Windows
  • Insulated Windows
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Water Views

Kitchen

  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 4 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck

Utilities

  • Hot Water Baseboard Heater
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 52-19-06-126-026

Home Details

Home Type

Single Family

Year Built

Built in 1975

Lot Details

8,146 Sq Ft Lot

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1975
  • Lvt Date: 07/20/2023
  • Section: 6
  • Second Address Number: 508
  • Directions: from W Mitchell, head East on Charlevoix Rd. take left on Connable Ave, Right on Monroe. Home on left.
  • OFFICELIST_STATE: MI
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1975

Interior Features

  • Features: Built In Microwave, Cable, Ceiling Fans, Deck, Dishwasher, Garbage Disposal, Refrigerator, Wood Fireplace, Paved Road
  • Total Finished Sq Ft: 2927
  • Master Bedroom: Dimensions: 14X14'4, On Level: Main
  • Bedroom 2: Dimensions: 13'1X10'10, On Level: Main
  • Bedroom 3: Dimensions: 11'1X10'10, On Level: Main
  • Bedroom 4: Dimensions: 13X15, On Level: Lower
  • Basement: Full, Walkout, Finished
  • Dining Room: Dimensions: 7'11X13'4, On Level: Main
  • Kitchen: Dimensions: 9'5X15'8, On Level: Main
  • Family Room: Dimensions: 15X16'11, On Level: Lower
  • Living Room: Dimensions: 12'4X23'9, On Level: Main
  • Above Grade Finished Sq Ft: 1616
  • Bathroom 1: Dimensions: 10'10X6'3, On Level: Main
  • Bathroom 2: Dimensions: 5'6X7, On Level: Main
  • Number Of Bedrooms: 4
  • Full Bathrooms: 4
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Thermo, Insulated, Vinyl

Exterior Features

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

Garage/Parking

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

Utilities

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

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 55 x 150
  • Lot: y
  • Zoning: R-2

Tax Info

  • Assessor Parcel Number: 52-19-06-126-026

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2023
Closed on
Aug 25, 2023
Sold by
Bought by
Seller's Agent
Amanda Conklin
Real Estate One
Buyer's Agent
Elton Laura
Keller Williams Northern Michigan Horizon
List Price
$425,000
Sold Price
$425,000
Views
190
Current Estimated Value
$518,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,717
Avg. Annual Appreciation
6.89%
Original Mortgage
$318,750
Outstanding Balance
$308,610
Interest Rate
6.81%
Estimated Equity
$210,107

Purchase Details

Closed on
Mar 15, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,260
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,500
Interest Rate
6.27%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Nov 1, 1997
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Petoskey, MI

  • Joe Blachy Real Estate Agent - Petoskey Real Estate Group

    Joe Blachy

    Petoskey Real Estate Group

    (231) 715-5138

    103 Total Sales

    33 in Petoskey

    $99K - $1.2M Price Range

    Joe Blachy
     Section Image
  • Chris Christensen Real Estate Agent - Lynda's Real Estate Service

    Chris Christensen

    Lynda's Real Estate Service

    (231) 535-9698

    333 Total Sales

    5 in Petoskey

    $325K - $400K Price Range

    Chris Christensen
     Section Image
  • Brett Binkley Real Estate Agent - EXP Realty

    Brett Binkley

    Responds Quickly

    EXP Realty

    (231) 642-9896

    46 Total Sales

    1 in Petoskey

    $135,000 Price

    Brett Binkley
     Section Image
  • Matt Rader Real Estate Agent - Pat O'Brien & Associates - Boyne City

    Matt Rader

    Pat O'Brien & Associates - Boyne City

    (231) 244-8908

    45 Total Sales

    2 in Petoskey

    $293K - $945K Price Range

    Matt Rader
     Section Image
  • Shelly Novotny Real Estate Agent - Real Estate One - Charlevoix

    Shelly Novotny

    Real Estate One - Charlevoix

    (231) 244-6564

    63 Total Sales

    2 in Petoskey

    $401K - $520K Price Range

    Shelly Novotny
     Section Image
  • Christina Roberts Real Estate Agent - Keller Williams - Northern Michigan

    Christina Roberts

    Keller Williams - Northern Michigan

    (231) 244-2315

    132 Total Sales

    5 in Petoskey

    $400K - $505K Price Range

    Christina Roberts
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$425,000 Talon Title Agency
-- --
$162,500 --
$162,500 --
$135,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $318,750
Previous Owner $98,260
Previous Owner $156,000
Previous Owner $162,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/25/2023 08/25/23 Sold $425,000 0.0% $145 / Sq Ft
07/20/2023 07/20/23 For Sale $425,000 -- $145 / Sq Ft
Source: Northern Michigan MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,530 $257,500 $257,500 $0
2025 $6,530 $216,900 $216,900 $0
2024 $26 $189,300 $189,300 $0
2023 $2,461 $142,100 $142,100 $0
2022 $2,461 $132,400 $132,400 $0
2021 $2,395 $125,000 $125,000 $0
2020 $2,421 $101,600 $101,600 $0
2019 -- $99,500 $99,500 $0
2018 -- $89,600 $89,600 $0
2017 -- $82,500 $82,500 $0
2016 -- $78,300 $78,300 $0
2015 -- $72,100 $0 $0
2014 -- $61,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Amanda Conklin Real Estate Agent - Real Estate One

    Seller's Agent in 2023

    Amanda Conklin

    Real Estate One

    (231) 690-2278

    58 Total Sales

    Amanda Conklin
    Section Image
  • Elton Laura Real Estate Agent - Keller Williams Northern Michigan Horizon

    Buyer's Agent in 2023

    Elton Laura

    Keller Williams Northern Michigan Horizon

    (734) 777-5308

    20 Total Sales

    Elton Laura
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 471700

Northern Michigan MLS

APN: 52-19-06-126-026

Michigan Emmet County Petoskey 49770

508 Monroe St, Petoskey, MI

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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