NOT LISTED FOR SALE

513 Monroe St Petoskey, MI 49770

Estimated Value: $364,356 - $505,000

1 Bed
1.5 Baths
1,200 Sq Ft
$339/Sq Ft Est. Value

Last Sold April 21, 2023

Last sale price $219,900 $183 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $2,822/month

13 Days on Market

Highlights

  • Deck
  • Main Floor Primary Bedroom
  • 1 Car Detached Garage
  • Wood Flooring
  • Lower Floor Utility Room
  • Brick or Stone Mason

About This Home

As of April 2023

Great opportunity for first time home ownership with this cute ranch home that also features the rare intown walkout basement leading to a beautiful south facing back yard that is ideal for pets, a garden, or for kids/adults to frolic. Currently set up with one bedroom as the second main floor bedroom was recently converted to a bathroom with a giant walk-in shower and lots of space to work with. The previous room that was a bath is open and ready for the next owner’s idea whether that be an office, mudroom, or whatever you can dream up. Downstairs has a separate entrance in the rear and adds another 200 square feet of livings space plus a half bath with room to add a new shower. The next occupant could make this lower level an income producing flat or an additional bedroom/hobby room. The mechanicals (including central air) were new 2018 and are of the highest efficiency, the roof was redone in 2006, and some of the plumbing and electrical has been recently updated and are ready for the next owner’s modifications. Inside you will find beautiful hardwood floors and a ton of character with cove ceilings, a cool mid-century fireplace, built ins, and a great open concept floor plan… this home lives larger than its stature with two floors to spread out and lots of storage space in the lower level, as well as the detached one car garage. A great condominium alternative (except no dues or common wall neighbors) in a quiet neighborhood across the street from McLaren Northern Michigan Hospital and a short walk to beautiful downtown Petoskey, Lake Michigan, and the Little Traverse Bay Wheelway. Houses in this price range infrequently hit the market in the City of Petoskey so call Mac today for your private tour.

Last Agent to Sell the Property

Michael MacCarthy

Gaslight Group Properties Listed on: 03/17/2023

Last Buyer's Agent

Carole Griffin

@properties Christie's International Real Estate - Petoskey

@properties Christie's International Real Estate - Petoskey

Home Details

Home Type

  • Single Family

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Property is zoned RM-2

Home Design

  • Brick or Stone Mason
  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,200 Sq Ft Home
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Wood Flooring
  • Range

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Basement

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

Parking

  • 1 Car Detached Garage
  • Driveway

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 52-19-06-126-031

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 03/17/2023
  • Measurement Source: Assessor
  • Section: 6
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Cable, Central Air, Deck, Dryer, Paved Drive, Range, Washer, Wood Floors
  • Total Finished Sq Ft: 1200
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Lower
  • Bedroom 3: On Level: N/A
  • Bedroom 4: On Level: N/A
  • Basement: Block, Full, Walkout
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Lower
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 924
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Lower
  • Number Of Bedrooms: 1
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A

Exterior Features

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

Garage/Parking

  • Garage Carport: Garage-Detached
  • Gar Car Capacity: One

Utilities

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

Lot Info

  • Estimated Lot Dimensions: 50 x 150
  • Estimated Number of Acres: 0.17
  • Lot: Y
  • Zoning: RM-2

Tax Info

  • Assessor Parcel Number: 52-19-06-126-031

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2019
Sold by
Allen John David Estate
Bought by
Allen Holly A
Current Estimated Value
$407,339

Purchase Details

Closed on
Mar 7, 2019
Sold by
Crane Travis
Bought by
Russell Craig

Purchase Details

Closed on
Aug 25, 2006
Sold by
Gregory Robert E and Wf Gregory
Bought by
Crane Travis and Russell Craig
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
Allen Holly A -- --
Russell Craig -- --
Crane Travis $150,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2023 04/21/23 Sold $219,900 0.0% $183 / Sq Ft
03/17/2023 03/17/23 For Sale $219,900 -- $183 / 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 $8,322 $188,700 $188,700 $0
2024 $8,322 $158,000 $158,000 $0
2023 $2,077 $117,300 $117,300 $0
2022 $2,077 $110,000 $110,000 $0
2021 $2,021 $105,000 $105,000 $0
2020 $2,043 $89,300 $89,300 $0
2019 -- $87,900 $87,900 $0
2018 -- $81,600 $81,600 $0
2017 -- $66,500 $66,500 $0
2016 -- $63,600 $63,600 $0
2015 -- $59,300 $0 $0
2014 -- $51,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 470606

Northern Michigan MLS

APN: 52-19-06-126-031