NOT LISTED FOR SALE

512 E Lake St Petoskey, MI 49770

Estimated Value: $644,000 - $922,000

4 Beds
2 Baths
2,332 Sq Ft
$318/Sq Ft Est. Value

Last Sold January 07, 2022

Last sale price $485,000 $208 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,825/month

Highlights

  • Wood Flooring
  • Double Pane Windows
  • Living Room
  • Main Floor Primary Bedroom
  • Patio
  • 4-minute walk to Pennsylvania Park

About This Home

As of January 2022

Recently renovated home, first house on Lake St. from downtown Petoskey. Much of the original charm was retained while the major components were upgraded. Designed for entertaining, with a gorgeous kitchen at its heart, this home is ready for every season. Offered mostly furnished! The large office is great for working from home or could be converted to a huge master bath. Upstairs is a good size workout room, situated to access a future roof top deck. Off street parking in the rear could also become a future garage with fore-mentioned roof top deck. List of upgrades for this low maintenance home available.

Last Agent to Sell the Property

Ethan Swiger

Real Estate One Listed on: 06/02/2021

Real Estate One

Last Buyer's Agent

Jane Fisher

Gaslight Group Properties License #6501333848

Home Details

Home Type

  • Single Family

Lot Details

  • 3,398

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,332 Sq Ft Home
  • Double Pane Windows
  • Vinyl Clad Windows
  • Insulated Windows
  • Blinds
  • Living Room
  • Dining Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Utilities

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

Additional Features

  • Patio
  • Property is zoned RM-2

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-102-030

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 09/07/2021
  • Measurement Source: Appraiser
  • Section: 5
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Cable, Central Air, Dishwasher, Dryer, Garbage Disposal, Mini Blinds, Patio, Range, Refrigerator, Washer, Wood Floors, Paved Road
  • Total Finished Sq Ft: 2332
  • Master Bedroom: Dimensions: 11'9X10'3, On Level: Main
  • Bedroom 2: Dimensions: 22'7X12'1, On Level: Upper
  • Bedroom 3: Dimensions: 8'6X11'10, On Level: Upper
  • Bedroom 4: Dimensions: 13X11'8, On Level: Upper
  • Basement: Full
  • Dining Room: Dimensions: combo with kitchen, On Level: Main
  • Kitchen: Dimensions: 21'7X17'6, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 17'9X15'11, On Level: Main
  • Above Grade Finished Sq Ft: 2332
  • Bathroom 1: Dimensions: 8'6X4'4, On Level: Main
  • Bathroom 2: Dimensions: 8'9X9'9, On Level: Upper
  • Number Of Bedrooms: 4
  • Full Bathrooms: 2
  • Rooms 1: Dimensions: (office) 13'1X9'7, On Level: Main
  • Rooms 2: Dimensions: (Exercise Room) 21'11X9'7, On Level: Upper
  • Windows: Insulated, Vinyl, Double

Exterior Features

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

Utilities

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

Lot Info

  • Zoning: RM-2

Tax Info

  • Assessor Parcel Number: 52-19-05-102-030

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2023
Sold by
484 Bennaville Llc
Bought by
Meikle David
Current Estimated Value
$660,987

Purchase Details

Listed on
Jun 2, 2021
Closed on
Jan 7, 2022
Sold by
Jackson Richard F
Bought by
484 Bennaville Llc
Seller's Agent
Ethan Swiger
Real Estate One
Buyer's Agent
Jane Fisher
Gaslight Group Properties
List Price
$549,000
Sold Price
$485,000
Premium/Discount to List
-$64,000
-11.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.04%
Original Mortgage
$388,000
Interest Rate
3.11%
Mortgage Type
Mortgage Modification

Purchase Details

Listed on
Aug 31, 2016
Closed on
Aug 3, 2017
Sold by
Heartwood Properties Corporation
Bought by
Jackson Richard F and Jackson Lori A
Seller's Agent
Phyllis Burkee
Jack Van Treese & Assoc..
Buyer's Agent
Phyllis Burkee
Jack Van Treese & Assoc..
List Price
$350,000
Sold Price
$250,000
Premium/Discount to List
-$100,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.14%
Original Mortgage
$200,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 30, 2003
Sold by
Kafer John G and Kafer Mary E
Bought by
Heartwood Properties Corp

Purchase Details

Closed on
Oct 1, 1996
Sold by
Murray 7700Dn 9%Int
Bought by
Heartwood Prop Pta

Purchase Details

Closed on
May 1, 1991
Bought by
Murray

Purchase Details

Closed on
May 1, 1990
Sold by
Decamp 11696 Dn 11143%
Bought by
Hart +300P Rps

Purchase Details

Closed on
Dec 1, 1987
Bought by
Decamp

Purchase Details

Closed on
Mar 1, 1985
Bought by
Burgin
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
Meikle David -- --
484 Bennaville Llc $485,000 --
Jackson Richard F $250,000 Talon Title
Heartwood Properties Corp -- --
Kafer John G -- --
Heartwood Prop Pta $77,000 --
Murray -- --
Hart +300P Rps $68,700 --
Decamp -- --
Burgin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 484 Bennaville Llc $388,000
Previous Owner Jackson Richard F $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/07/2022 01/07/22 Sold $485,000 -11.7% $208 / Sq Ft
06/02/2021 06/02/21 For Sale $549,000 +119.6% $235 / Sq Ft
08/03/2017 08/03/17 Sold $250,000 -28.6% $143 / Sq Ft View Prior Sale
06/19/2017 06/19/17 Pending -- -- --
08/31/2016 08/31/16 For Sale $350,000 -- $200 / 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 $4,629 $145,000 $145,000 $0
2024 $63 $134,200 $134,200 $0
2023 $4,289 $118,800 $118,800 $0
2022 $4,289 $102,800 $102,800 $0
2021 $4,167 $96,700 $96,700 $0
2020 $4,178 $80,200 $80,200 $0
2019 -- $76,000 $76,000 $0
2018 -- $75,300 $75,300 $0
2017 -- $75,100 $75,100 $0
2016 -- $76,000 $76,000 $0
2015 -- $69,000 $0 $0
2014 -- $69,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ethan Swiger

    Seller's Agent in 2022

    Ethan Swiger

    Real Estate One

    (231) 881-6263

    23 in this area

    110 Total Sales

    Ethan Swiger
    Section Image
  • Jane Fisher

    Buyer's Agent in 2022

    Jane Fisher

    Gaslight Group Properties

    (231) 409-8060

    52 in this area

    154 Total Sales

    Jane Fisher
    Section Image
  • Phyllis Burkee

    Seller's Agent in 2017

    Phyllis Burkee

    Jack Van Treese & Assoc..

    (231) 838-5307

    3 in this area

    10 Total Sales

    Phyllis Burkee
    Section Image
  • Jack Van Treese

    Seller Co-Listing Agent in 2017

    Jack Van Treese

    Jack Van Treese & Assoc..

    (231) 838-5729

    15 in this area

    33 Total Sales

    Jack Van Treese
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 466414

Northern Michigan MLS

APN: 52-19-05-102-030

Michigan Emmet County Petoskey 49770

512 E Lake St, Petoskey, MI

Not Listed for Sale

Detached

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