511 Bay St Petoskey, MI 49770
Estimated payment $2,378/month
Highlights
- Deck
- Wood Frame Window
- Dining Room
- First Floor Utility Room
- Living Room
- 2-minute walk to Pennsylvania Park
About This Home
Prime location perfectly situated just a block from the heart of downtown Petoskey in the highly sought after Lower Eastside neighborhood. Walk anywhere in town; just a short stroll to schools, restaurants, shopping, and Little Traverse Bay waterfront million dollar sunsets. This historic home has been extensively updated and features 2 large bedrooms and 1.5 baths, plus a fantastic three-seasons room. Homes in this location are often double or triple the price. You will not find a more affordable option downtown. Great condo alternative with no HOA dues and minimal outside maintenance! Special opportunity to plant roots in a fantastic location downtown Petoskey. Owner is a licensed real estate agent in the state of Michigan.
Home Details
Home Type
- Single Family
Parking
- Driveway
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 1,480 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Blinds
- Wood Frame Window
- Living Room
- Dining Room
- First Floor Utility Room
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom Upstairs
Laundry
- Dryer
- Washer
Basement
- Block Basement Construction
- Crawl Space
Utilities
- Hot Water Baseboard Heater
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- Cable TV Available
Additional Features
- Deck
- Property is zoned RM-2
Listing and Financial Details
- Assessor Parcel Number 52-19-05-102-016
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,046 | $121,200 | $121,200 | $0 |
| 2024 | $48 | $113,400 | $113,400 | $0 |
| 2023 | $4,595 | $99,200 | $99,200 | $0 |
| 2022 | $4,595 | $86,900 | $86,900 | $0 |
| 2021 | $2,630 | $81,600 | $81,600 | $0 |
| 2020 | $2,637 | $67,000 | $67,000 | $0 |
| 2019 | -- | $63,300 | $63,300 | $0 |
| 2018 | -- | $64,400 | $64,400 | $0 |
| 2017 | -- | $65,000 | $65,000 | $0 |
| 2016 | -- | $65,800 | $65,800 | $0 |
| 2015 | -- | $59,400 | $0 | $0 |
| 2014 | -- | $59,400 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/23/2026 02/23/26 | For Sale | $379,900 | 0.0% | $257 / Sq Ft | |
| 01/02/2026 01/02/26 | Off Market | $379,900 | -- | -- | |
| 10/21/2025 10/21/25 | Price Changed | $379,900 | -2.6% | $257 / Sq Ft | |
| 09/10/2025 09/10/25 | For Sale | $389,900 | +20.5% | $263 / Sq Ft | |
| 09/10/2021 09/10/21 | Sold | $323,500 | +17.6% | $221 / Sq Ft | View Prior Sale |
| 07/28/2021 07/28/21 | For Sale | $275,000 | -- | $188 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $323,500 | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $140,500 | -- | |
| Warranty Deed | $129,600 | -- | |
| Warranty Deed | $58,000 | -- | |
| Warranty Deed | $28,800 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $257,600 | New Conventional |
Source: Northern Michigan MLS
MLS Number: 477709
APN: 52-19-05-102-016
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Ask me questions while you tour the home.