NOT LISTED FOR SALE

512 Michigan St Petoskey, MI 49770

Estimated Value: $373,491 - $463,000

4 Beds
1.5 Baths
1,320 Sq Ft
$318/Sq Ft Est. Value

Last Sold June 17, 2022

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

Est. 25% increase in value since last sale

Current estimated payment $2,432/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

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

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
  • 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

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
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%
Current Estimated Value
$420,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,223
Avg. Annual Appreciation
10.06%
Original Mortgage
$164,255
Outstanding Balance
$131,327
Interest Rate
3.46%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$288,796

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
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 Manninen Yadam Bruce $164,255
Previous Owner Rabiero Lilies $128,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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 $27 $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

  • Marty Moody

    Seller's Agent in 2022

    Marty Moody

    Lynda's Real Estate Service

    (231) 633-2500

    4 in this area

    297 Total Sales

    Marty Moody
    Section Image
  • Chris Christensen

    Seller Co-Listing Agent in 2022

    Chris Christensen

    Lynda's Real Estate Service

    (231) 675-1144

    4 in this area

    336 Total Sales

    Chris Christensen
    Section Image
  • Carrie Frisbie

    Buyer's Agent in 2022

    Carrie Frisbie

    Coldwell Banker Schmidt- Harbor Springs

    (231) 268-9367

    4 in this area

    71 Total Sales

    Carrie Frisbie
    Section Image
  • Michael MacCarthy

    Seller's Agent in 2016

    Michael MacCarthy

    Gaslight Group Properties

    (231) 838-7700

    63 in this area

    178 Total Sales

    Michael MacCarthy
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 467850

Northern Michigan MLS

APN: 52-19-05-100-041

Michigan Emmet County Petoskey 49770

512 Michigan St, Petoskey, MI

Not Listed for Sale

Detached

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