NOT LISTED FOR SALE

508 Morgan St Petoskey, MI 49770

Estimated Value: $353,139 - $440,000

3 Beds
2 Baths
1,394 Sq Ft
$284/Sq Ft Est. Value

Last Sold February 17, 2021

Last sale price $299,000 $214 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,514/month

2 Days on Market

Highlights

  • Private Pool
  • Main Floor Primary Bedroom
  • 1 Car Attached Garage
  • Deck
  • Lower Floor Utility Room
  • 2-minute walk to Curtis Park

About This Home

As of February 2021

Sitting just blocks from the great restaurants and attractions of downtown Petoskey, this beautifully maintained and captivating turn-key home located on a quiet street has unmatched outdoor living space you won't want to miss out on. Whether you are looking to take a walk down to see the trademark Petoskey million-dollar sunsets from the breakwall, or gather with friends and family on the large multi-level deck, or in the heated pool, this home provides endless options for entertaining and stress free living. The spacious and fenced backyard has been beautifully landscaped, with the pool being recently updated to include a new heater and pump. Even in the winter this incredible outdoor space won't go to waste with the Hot Springs Vanguard hot tub that includes a bluetooth sound system and a brand new cover. In addition, the 10 x 16 pool house/shed provides ample storage for all of your pool toys and lawn equipment. Moving inside the contemporary and thoughtful design of each room and upgraded kitchen that includes a new refrigerator, along with granite countertops, and stainless steel appliances will immediately catch your attention. Both upstairs bedrooms even present peak-a-boos of the gorgeous Little Traverse Bay. The remodeled lower level is both comfortable and functional with a custom queen sized Murphy bed with additional built in storage, a full bathroom, and expansive laundry room. The hot tub and pool area is easily accessed from the lower level, which also provides a great area for changing, and toweling off. You will see that everything was thought of with additional features that include a new 200 amp electrical service, updated plumbing and heating, and newly added central air conditioning. Act fast for a showing today and see this breathtaking home before it is gone.

Last Agent to Sell the Property

Marty Krupa

Jack Van Treese & Assoc.. Listed on: 01/25/2021

Last Buyer's Agent

Ethan Swiger

Real Estate One

Real Estate One

Home Details

Home Type

  • Single Family

Lot Details

  • Property is zoned COP

Home Design

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

Interior Spaces

  • 1,394 Sq Ft Home
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Finished Basement

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Driveway

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Deck
  • Patio
  • Shed

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 52-19-06-328-003

Home Details

Home Type

Single Family

Lot Details

0.44 Acres

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 01/25/2021
  • Section: 6
  • Second Address Number: 508
  • Directions: US 131 Southbound (Spring St) approximately 3/4 up the big hill with Bay Mall Plaza on your right, take a left on Morgan St. Subject property will be a few houses down on you left. Look for Sign.
  • OFFICELIST_STATE: MI
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Built In Microwave, Cable, Deck, Dishwasher, Dryer, Hot Tub, Patio, Paved Drive, Pool, Range, Refrigerator, Washer
  • Total Finished Sq Ft: 1394
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Lower
  • Bedroom 4: On Level: N/A
  • Basement: Finished
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Main
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 1049
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Lower
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Rooms 1: On Level: Lower
  • Rooms 2: On Level: N/A
  • Windows: Vinyl

Exterior Features

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

Garage/Parking

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

Utilities

  • Heat Type: Natural Gas, Forced Air
  • Sewer: City
  • Water: City
  • Water Heater: 40 Gal

Schools

  • School District: Petoskey

Lot Info

  • Zoning: COP

Tax Info

  • Assessor Parcel Number: 52-19-06-328-003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2021
Closed on
Feb 17, 2021
Sold by
Muller Daniel L
Bought by
Ludlow Camden
Seller's Agent
Marty Krupa
Jack Van Treese & Assoc..
Buyer's Agent
Ethan Swiger
Real Estate One
List Price
$299,000
Sold Price
$299,000
Current Estimated Value
$395,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,785
Avg. Annual Appreciation
5.66%

Purchase Details

Listed on
Jul 6, 2017
Closed on
Jul 24, 2017
Sold by
Goll Victoria
Bought by
Muller Daniel and Muller Jennifer C
Seller's Agent
John Russell
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Susan Finley
Lake Homes Realty, LLC
List Price
$259,900
Sold Price
$259,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.00%
Original Mortgage
$233,910
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 25, 2015
Closed on
Jul 16, 2015
Sold by
Foster Ii Frank D
Bought by
Goll Victoria
Seller's Agent
Michael MacCarthy
Gaslight Group Properties
Buyer's Agent
Pete Platte
Gaslight Group Properties
List Price
$219,900
Sold Price
$200,000
Premium/Discount to List
-$19,900
-9.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.00%
Original Mortgage
$135,200
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2013
Sold by
Mcgraw Vaughn and Mcgraw Harriet
Bought by
Foster Ii Frank D

Purchase Details

Listed on
Jun 12, 2012
Closed on
Jul 25, 2012
Sold by
Enciso Allen L and Paddock Patrick J
Bought by
Foster Frank D and Mcgraw Vaughn
Seller's Agent
Carol Fay
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Michael MacCarthy
Gaslight Group Properties
List Price
$179,900
Sold Price
$170,000
Premium/Discount to List
-$9,900
-5.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.38%
Original Mortgage
$153,000
Interest Rate
3.65%

Purchase Details

Closed on
Aug 13, 2004
Sold by
Foeller Ronald R and Foeller Donna L
Bought by
Enciso Allen L and Paddock Patrick J

Purchase Details

Closed on
Mar 1, 1987
Bought by
Foeller
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
Ludlow Camden $299,000 --
Muller Daniel -- Crossroads Title
Goll Victoria $200,000 Attorneys Title Agency Llc
Foster Ii Frank D -- Devon Title Agency
Foster Frank D $170,000 --
Enciso Allen L $125,000 --
Foeller $58,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Muller Daniel $233,910
Previous Owner Goll Victoria $135,200
Previous Owner Foster Frank D $153,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/17/2021 02/17/21 Sold $299,000 0.0% $214 / Sq Ft
01/25/2021 01/25/21 For Sale $299,000 +15.0% $214 / Sq Ft
07/24/2017 07/24/17 Sold $259,900 0.0% $188 / Sq Ft View Prior Sale
07/13/2017 07/13/17 Pending -- -- --
07/06/2017 07/06/17 For Sale $259,900 +30.0% $188 / Sq Ft
07/24/2015 07/24/15 Sold $200,000 -9.0% $145 / Sq Ft View Prior Sale
06/24/2015 06/24/15 Pending -- -- --
05/25/2015 05/25/15 For Sale $219,900 +29.4% $159 / Sq Ft
07/25/2012 07/25/12 Sold $170,000 -5.5% $123 / Sq Ft View Prior Sale
06/21/2012 06/21/12 Pending -- -- --
06/12/2012 06/12/12 For Sale $179,900 -- $130 / 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 $5,187 $189,500 $0 $189,500
2024 $50 $182,400 $0 $182,400
2023 $4,757 $145,200 $0 $145,200
2022 $4,757 $136,400 $0 $136,400
2021 $3,676 $130,200 $0 $130,200
2020 $3,717 $112,000 $0 $112,000
2019 -- $110,800 $0 $110,800
2018 -- $99,100 $0 $99,100
2017 -- $99,200 $0 $99,200
2016 -- $90,300 $0 $90,300
2015 -- $59,400 $0 $0
2014 -- $51,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 464152

Northern Michigan MLS

APN: 52-19-06-328-003

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