509 State St Petoskey, MI 49770
3
Beds
2
Baths
2,000
Sq Ft
7,231
Sq Ft Lot
Highlights
- Wood Flooring
- Thermal Windows
- Living Room
- First Floor Utility Room
- Patio
- 1-minute walk to St Francis Xavier Playground
About This Home
As of June 2019Amazing location just one block from the Central Elementary, St Francis Church/Grade School and Beautiful Downtown Petoskey. This adorable completely refinished classic has been used recently as a family home, vacation getaway, long term rental and as a short term vacation rental. Petoskey's recent moratorium on vacation rentals in Residential Districts should not apply to this property as it has been licensed and "Grandfathered" in provided the license is renewed yearly. The lush, private back yard is fabulous for entertaining and is large enough that it should provide the next owner with the rare luxury of expansion (Garage) including a possible rear drive from the adjacent ally. Inside the floor plan on the main floor delivers functionality and an abundance of charm featuring an amazing kitchen with an eat in island option plus a formal dinning room that is flanked by two separate living spaces one with a cozy vintage fireplace. There is a front and a back staircase to access the second level which includes a larger bedroom with an adjacent room that could be an Office/Nursery/Dressing Room plus two more bedrooms and a large bathroom containing both a separate bathtub and a large frame-less glass and tile shower. This perfectly located house has been comprehensively updated and is move in ready, some of the furnishings could also be purchased separately. Sale is subject to current tenants lease rights, ask agent for details.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,529
Lot Details
- Lot Dimensions are 50 x 145
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 2,000 Sq Ft Home
- Ceiling Fan
- Gas Fireplace
- Thermal Windows
- Blinds
- Family Room
- Living Room
- Dining Room
- First Floor Utility Room
- Washer
- Wood Flooring
- Michigan Basement
Kitchen
- Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom Upstairs
- 2 Full Bathrooms
Outdoor Features
- Patio
- Shed
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 52-19-05-100-064
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 30, 2011
Sold by
Koss Marcella E
Bought by
Knudson James and Knudson Melissa
Current Estimated Value
Purchase Details
Closed on
Jul 11, 2008
Sold by
Janis Susan Carey and Susan Carey Janis Revocable Tr
Bought by
Koss Marcella E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,200
Interest Rate
6.36%
Purchase Details
Closed on
Apr 22, 1999
Sold by
Janis Susan C
Bought by
Janis Susan Carey Trust
Purchase Details
Closed on
Jun 15, 1998
Sold by
Watts Terry R and Watts Coleen M
Bought by
Janis Susan C
Purchase Details
Closed on
Aug 1, 1994
Bought by
Watts
Purchase Details
Closed on
Oct 1, 1983
Bought by
Marben
Similar Homes in Petoskey, MI
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $170,000 | -- | |
| Warranty Deed | $181,500 | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $115,000 | -- | |
| Warranty Deed | $72,900 | -- | |
| Deed | $54,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $237,000 | New Conventional | |
| Previous Owner | $145,200 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/06/2019 06/06/19 | Sold | $326,000 | +5.2% | $163 / Sq Ft |
| 05/02/2019 05/02/19 | For Sale | $309,900 | -- | $155 / Sq Ft |
Source: Northern Michigan MLS
Tax History Compared to Growth
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 | $3,529 | $193,900 | $193,900 | $0 |
| 2024 | $3,529 | $168,700 | $168,700 | $0 |
| 2023 | $3,237 | $141,000 | $141,000 | $0 |
| 2022 | $3,237 | $134,000 | $134,000 | $0 |
| 2021 | $3,150 | $114,900 | $114,900 | $0 |
| 2020 | $3,185 | $88,600 | $88,600 | $0 |
| 2019 | -- | $86,900 | $86,900 | $0 |
| 2018 | -- | $87,300 | $87,300 | $0 |
| 2017 | -- | $81,800 | $81,800 | $0 |
| 2016 | -- | $73,000 | $73,000 | $0 |
| 2015 | -- | $70,200 | $0 | $0 |
| 2014 | -- | $63,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael MacCarthy
Seller's Agent in 2019
Michael MacCarthy
Gaslight Group Properties
(231) 838-7700
67 in this area
192 Total Sales
-
David Shuman
Buyer's Agent in 2019
David Shuman
Bay North Realty Co.
(231) 622-3235
58 in this area
161 Total Sales
Map
Source: Northern Michigan MLS
MLS Number: 458368
APN: 52-19-05-100-064
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