NOT LISTED FOR SALE

512 Michigan St Petoskey, MI 49770

Estimated Value: $252,000 - $470,000

4 Beds
1.5 Baths
1,320 Sq Ft
$298/Sq Ft Est. Value

Last Sold June 17, 2022

Last sale price $335,000 $254 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,377/month

36 Days on Market

Highlights

  • Deck
  • Main Floor Primary Bedroom
  • Wood Frame Window
  • Wood Flooring
  • First Floor Utility Room
  • 2-minute walk to St Francis Xavier Playground

About This Home

As of June 2022

Location, location, location! Amazing opportunity to be right in the heart of Petoskey! This 4 bed, 1.5 bath home sets just 1 block off from Mitchell Street and all the fun and excitement of downtown Petoskey, including less than a block to the backlot dining. The home is charming from the moment you walk in off the beautiful covered front porch, the living room welcomes you, and the kitchen and dining area offer a great spot for guests to gather around the kitchen. The main level bedroom could double as a music room, family room / den, or whatever your heart desires. The large lot goes all the way through to the alley behind the home, so no need to fight for a parking spot at your own home! The quaint backyard offers a great haven of privacy and solace from the outside world! This is one you definitely will want to get a look at.

Last Agent to Sell the Property

Marty Moody

Lynda's Real Estate Service License #6506043488 Listed on: 04/12/2022

Co-Listed By

Chris Christensen

Lynda's Real Estate Service

Last Buyer's Agent

Carrie Frisbie

Coldwell Banker Schmidt- Harbor Springs

Coldwell Banker Schmidt- Harbor Springs

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,818

Lot Details

  • 7,362

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,320 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Vinyl Clad Windows
  • Insulated Windows
  • Blinds
  • Wood Frame Window
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Wood Flooring
  • Michigan Basement

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Shed

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-100-041

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,818

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 04/12/2022
  • Measurement Source: Agent
  • Section: 5
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Cable, Ceiling Fans, Deck, Dishwasher, Dryer, Mini Blinds, Range, Refrigerator, Washer, Wood Floors, Paved Road
  • Total Finished Sq Ft: 1320
  • Master Bedroom: Dimensions: 13 x 9, On Level: Main
  • Bedroom 2: Dimensions: 13 x 10, On Level: Upper
  • Bedroom 3: Dimensions: 11 x 8, On Level: Upper
  • Bedroom 4: Dimensions: 9 x 7, On Level: Upper
  • Total Rooms: 7
  • Basement: Michigan
  • Dining Room: Dimensions: 11 x 10, On Level: Main
  • Kitchen: Dimensions: 13 x 9, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 16 x 13, On Level: Main
  • Above Grade Finished Sq Ft: 1320
  • Bathroom 1: Dimensions: 6 x 4, On Level: Main
  • Bathroom 2: Dimensions: 7x 7, On Level: Upper
  • Number Of Bedrooms: 4
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: Dimensions: 8 x 8 mudroom, On Level: N/A
  • Windows: Wood Sash, Insulated, Vinyl

Exterior Features

  • Construction: Wood Frame/Site Built, Two Story +
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Utilities

  • Heat Type: Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas

Schools

  • School District: Petoskey

Lot Info

  • Zoning: Res

Tax Info

  • Assessor Parcel Number: 52-19-05-100-041

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2022
Closed on
Jun 17, 2022
Sold by
Manninen Adam Bruce and Manninen Molly Brooke
Bought by
Pantall Alex Cain and Pantall Krystle Yvonne
Seller's Agent
Marty Moody
Lynda's Real Estate Service
Buyer's Agent
Carrie Frisbie
Coldwell Banker Schmidt- Harbor Springs
List Price
$349,900
Sold Price
$335,000
Premium/Discount to List
-$14,900
-4.26%
Current Estimated Value
$393,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,811
Avg. Annual Appreciation
5.17%
Original Mortgage
$318,250
Outstanding Balance
$303,623
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$90,188

Purchase Details

Listed on
Aug 16, 2016
Closed on
Oct 3, 2016
Sold by
Rabiero Lilises S
Bought by
Manninen Yadam Bruce and Brooke Molly
Seller's Agent
Michael MacCarthy
Gaslight Group Properties
Buyer's Agent
Michael MacCarthy
Gaslight Group Properties
List Price
$175,000
Sold Price
$172,900
Premium/Discount to List
-$2,100
-1.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.28%
Original Mortgage
$164,255
Interest Rate
3.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2015
Sold by
Bolton Kelly Anne and Bolton Kelly
Bought by
Rabiero Lilies

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 1999
Sold by
Thurman John L
Bought by
Rabeiro Ulises

Purchase Details

Closed on
Dec 20, 1996
Sold by
Vance Victor H Deceased
Bought by
Thurman John L
Source: Public Records

Range of Values:

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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
Pantall Alex Cain $335,000 Attorneys Title Agency Llc
Manninen Yadam Bruce $172,900 Attorney
Rabiero Lilies -- Cross Roads Title
Rabeiro Ulises $99,000 --
Thurman John L $48,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pantall Alex Cain $318,250
Previous Owner Manninen Yadam Bruce $164,255
Previous Owner Rabiero Lilies $128,000
Previous Owner Rabeiro Ulises $115,000
Previous Owner Rabeiro Ulises $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2022 06/17/22 Sold $335,000 0.0% $254 / Sq Ft
04/29/2022 04/29/22 Off Market $335,000 -- --
04/12/2022 04/12/22 For Sale $349,900 +102.4% $265 / Sq Ft
10/03/2016 10/03/16 Sold $172,900 -1.2% $133 / Sq Ft
08/17/2016 08/17/16 Pending -- -- --
08/16/2016 08/16/16 For Sale $175,000 -- $135 / 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 $2,818 $104,600 $104,600 $0
2024 $2,818 $86,100 $86,100 $0
2023 $1,167 $77,800 $77,800 $0
2022 $1,167 $74,700 $74,700 $0
2021 $1,136 $62,700 $62,700 $0
2020 $1,149 $51,200 $51,200 $0
2019 -- $50,400 $50,400 $0
2018 -- $47,000 $47,000 $0
2017 -- $30,000 $30,000 $0
2016 -- $30,700 $30,700 $0
2015 -- $31,000 $0 $0
2014 -- $34,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 467850

Northern Michigan MLS

APN: 52-19-05-100-041