NOT LISTED FOR SALE

5112 Lake Grove Rd Unit 3307 Morford Road Petoskey, MI 49770

Estimated Value: $525,000 - $6,184,180

4 Beds
5 Baths
4,909 Sq Ft
$683/Sq Ft Est. Value

Last Sold September 12, 2017

Last sale price $3,700,000 $754 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $24,228/month

Highlights

  • 215 Feet of Waterfront
  • Private Pool
  • Radiant Floor
  • Docks
  • Deck
  • Cathedral Ceiling

About This Home

As of September 2017

This amazing four bedroom home is located on the West Arm of Walloon Lake on 215’ of sandy waterfront. The home has been completely remodeled and features three full baths, two half baths, 4,909 Sq. Ft., beautiful mahogany office, main floor Master Suite, custom kitchen with marble counter tops and walk-in butlers pantry, double sided fireplace, and hickory hardwood floors.The exterior includes a large dock, professional landscaping, stone patio, stream and pond. Additional 1 acre and pole barn included.

Last Agent to Sell the Property

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC Listed on: 06/26/2017

Last Buyer's Agent

Lori Jodar

Lori Jodar & Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $77,314

Lot Details

  • 1 Acre Lot
  • 215 Feet of Waterfront
  • Sprinkler System

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 4,909 Sq Ft Home
  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Insulated Windows
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Water Views

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Radiant Floor

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Finished Basement

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

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Private Pool
  • Docks
  • Deck
  • Patio
  • Pole Barn

Utilities

  • Central Air
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 13-18-35-100-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$77,314

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 06/27/2017
  • Measurement Source: Owner
  • Section: 35
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Built In Microwave, Cathedral Ceilings, Central Air, Deck, Dishwasher, Dock, Dryer, Garbage Disposal, Patio, Paved Drive, Pool, Range, Refrigerator, Sprinkler System, Washer, Wood Fireplace, Wood Floors, Paved Road
  • Total Finished Sq Ft: 4909
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Lower
  • Bedroom 4: On Level: Lower
  • Total Rooms: 11
  • Basement: Full, Walkout, Finished
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Lower
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 3236
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Main
  • Number Of Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Rooms 1: On Level: Upper
  • Rooms 2: On Level: Lower
  • Windows: Insulated, Marvin

Exterior Features

  • Construction: Wood Frame/Site Built
  • Lake: Walloon
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 215
  • Waterfront Water Access: Water Front
  • Water View: Y
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

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

Utilities

  • Heat Type: In Floor Heating
  • Sewer: Septic
  • Water: Well

Schools

  • School District: Petoskey

Lot Info

  • Estimated Number of Acres: 1
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 13-18-35-100-012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2017
Closed on
Sep 6, 2017
Sold by
Sipple Scott C and Schmid Mark Koper
Bought by
Eggemeyer John M and Eggemeyer Martha Ann
Seller's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Lori Jodar
Lori Jodar & Company
List Price
$4,100,000
Sold Price
$3,700,000
Premium/Discount to List
-$400,000
-9.76%
Current Estimated Value
$3,354,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$345,410
Avg. Annual Appreciation
-1.49%

Purchase Details

Closed on
Oct 10, 2007
Sold by
Buettner Rice Christina
Bought by
Hoffman Philip A and Hoffman Dina F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.33%
Source: Public Records

Range of Values:

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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
Eggemeyer John M -- None Available
Hoffman Philip A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hoffman Philip A $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2017 09/12/17 Sold $3,700,000 -9.8% $754 / Sq Ft
07/14/2017 07/14/17 Pending -- -- --
06/26/2017 06/26/17 For Sale $4,100,000 -- $835 / Sq Ft
Source: Northern Michigan MLS

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 $77,314 $2,854,700 $2,854,700 $0
2024 $77,314 $2,730,600 $2,730,600 $0
2023 $70,294 $2,490,100 $2,490,100 $0
2022 $70,294 $2,092,100 $2,092,100 $0
2021 $67,824 $1,984,000 $1,984,000 $0
2020 $66,814 $1,724,100 $1,724,100 $0
2019 -- $1,594,900 $1,594,900 $0
2018 -- $1,706,500 $1,706,500 $0
2017 -- $1,275,300 $1,275,300 $0
2016 -- $1,222,000 $1,222,000 $0
2015 -- $1,134,800 $0 $0
2014 -- $1,020,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patrick Leavy

    Seller's Agent in 2017

    Patrick Leavy

    Kidd & Leavy Real Estate Co. LLC

    (231) 881-6639

    384 Total Sales

    Patrick Leavy
    Section Image
  • Lori Jodar

    Buyer's Agent in 2017

    Lori Jodar

    Lori Jodar & Company

    (231) 330-3499

    51 Total Sales

    Lori Jodar
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 452388

Northern Michigan MLS

APN: 13-18-35-100-012

Michigan Emmet County Petoskey 49770

5112 Lake Grove Rd Unit 3307 Morford Road, Petoskey, MI

This home is located at 5112 Lake Grove Rd Unit 3307 Morford Road, Petoskey, MI 49770 since 26 June 2017 and is currently estimated at $3,354,590, approximately $683 per square foot. 5112 Lake Grove Rd Unit 3307 Morford Road is a home located in Emmet County with nearby schools including Petoskey High School.

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.

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