NOT LISTED FOR SALE

514 State St Petoskey, MI 49770

Estimated Value: $457,000 - $534,000

3 Beds
1.5 Baths
1,634 Sq Ft
$294/Sq Ft Est. Value

Last Sold July 25, 2017

Last sale price $200,000 $122 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $2,911/month

51 Days on Market

Highlights

  • Deck
  • Wood Frame Window
  • Brick or Stone Mason
  • Cathedral Ceiling
  • 1 Car Attached Garage
  • 1-minute walk to St Francis Xavier Playground

About This Home

As of July 2017

Location! Location! This unique home is very close to downtown to easily enjoy all Petoskey has to offer. Special features include a large, vaulted ceiling, family room with fireplace and abundant natural light year round. Also features a large deck over locking the spacious backyard and elevated deck to catch the breeze with peaks of the bay. Make it yours and enjoy the downtown life style.

Last Agent to Sell the Property

Mark Ashley

Coldwell Banker Schmidt - Petoskey License #6502139858 Listed on: 04/25/2017

Coldwell Banker Schmidt - Petoskey

Last Buyer's Agent

Pete Platte

Gaslight Group Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,620

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 50 x 145

Parking

  • 1 Car Attached Garage

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 1,634 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Vinyl Clad Windows
  • Wood Frame Window
  • Living Room
  • Dining Room
  • Block Basement Construction
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Shed

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-100-088

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,620

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1940
  • Lvt Date: 04/25/2017
  • Measurement Source: Assessor
  • Section: 5
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1940

Interior Features

  • Features: Cable, Cathedral Ceilings, Deck, Dryer, Range, Refrigerator, Washer, Wood Fireplace, Paved Road
  • Total Finished Sq Ft: 1634
  • Master Bedroom: Dimensions: 13'4" x 13, On Level: Upper
  • Bedroom 2: Dimensions: 13 x 8'6", On Level: Upper
  • Bedroom 3: Dimensions: 9'10" x 9, On Level: Upper
  • Bedroom 4: On Level: N/A
  • Total Rooms: 8
  • Basement: Block
  • Dining Room: Dimensions: 22'2 x 14'5", On Level: Main
  • Kitchen: Dimensions: 11' x 10'6", On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 23'2" x 13'6", On Level: Main
  • Above Grade Finished Sq Ft: 1634
  • Bathroom 1: Dimensions: 6'6" x 5, On Level: Upper
  • Bathroom 2: Dimensions: half 4'10" x 27, On Level: Main
  • Number Of Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Rooms 1: Dimensions: Den, On Level: Main
  • Rooms 2: Dimensions: Exercise 11 x 14'5", On Level: Lower
  • Windows: Wood Sash, Vinyl

Exterior Features

  • Construction: Brick, Two Story +
  • Waterfront Water Access: Neither

Garage/Parking

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

Utilities

  • Heat Type: Natural Gas, Hot Water Baseboard
  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 50 x 145
  • Lot: y
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 52-19-05-100-088

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2017
Closed on
Jul 24, 2017
Sold by
Powell Jared R and Powell Khristy A
Bought by
Culbertson Kamron and Culbertson Kathy J
Seller's Agent
Mark Ashley
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Pete Platte
Gaslight Group Properties
List Price
$209,000
Sold Price
$200,000
Premium/Discount to List
-$9,000
-4.31%
Current Estimated Value
$479,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$279,796
Avg. Annual Appreciation
11.00%
Original Mortgage
$19,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 8, 2013
Closed on
Nov 22, 2013
Sold by
Langs Karen H and Langs Russell J
Bought by
Powell Jared R and Powell Khristy A
Seller's Agent
David Shuman
Bay North Realty Co.
Buyer's Agent
Mark Ashley
Coldwell Banker Schmidt - Petoskey
List Price
$184,900
Sold Price
$175,000
Premium/Discount to List
-$9,900
-5.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.71%
Original Mortgage
$166,250
Interest Rate
4.14%
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
Culbertson Kamron $200,000 None Available
Powell Jared R $175,000 Talon Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Culbertson Kathy J $103,000
Open Culbertson Kamron $200,000
Closed Culbertson Kamron $19,000
Previous Owner Powell Jared R $166,250
Previous Owner Langs Russell J $135,500
Previous Owner Langs Russell J $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2017 07/25/17 Sold $200,000 -4.3% $122 / Sq Ft
06/15/2017 06/15/17 Pending -- -- --
04/25/2017 04/25/17 For Sale $209,000 +19.4% $128 / Sq Ft
11/22/2013 11/22/13 Sold $175,000 -5.4% $107 / Sq Ft
10/25/2013 10/25/13 Pending -- -- --
07/08/2013 07/08/13 For Sale $184,900 -- $114 / 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 $3,620 $197,800 $197,800 $0
2024 $3,620 $172,000 $172,000 $0
2023 $3,320 $143,300 $143,300 $0
2022 $3,320 $134,500 $134,500 $0
2021 $3,231 $120,800 $120,800 $0
2020 $3,267 $98,200 $98,200 $0
2019 -- $96,100 $96,100 $0
2018 -- $87,100 $87,100 $0
2017 -- $88,700 $88,700 $0
2016 -- $84,500 $84,500 $0
2015 -- $78,300 $0 $0
2014 -- $61,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Ashley

    Seller's Agent in 2017

    Mark Ashley

    Coldwell Banker Schmidt - Petoskey

    (231) 330-3999

    19 in this area

    64 Total Sales

    Mark Ashley
    Section Image
  • Pete Platte

    Buyer's Agent in 2017

    Pete Platte

    Gaslight Group Properties

    (231) 838-0935

    49 in this area

    97 Total Sales

    Pete Platte
    Section Image
  • David Shuman

    Seller's Agent in 2013

    David Shuman

    Bay North Realty Co.

    (231) 622-3235

    56 in this area

    158 Total Sales

    David Shuman
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 451427

Northern Michigan MLS

APN: 52-19-05-100-088

Michigan Emmet County Petoskey 49770

514 State St, Petoskey, MI

This home is located at 514 State St, Petoskey, MI 49770 since 25 April 2017 and is currently estimated at $479,796, approximately $293 per square foot. This property was built in 1940. 514 State St is a home located in Emmet County with nearby schools including Petoskey High School, St. Francis Xavier School, and Petoskey Montessori Children's.

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.

Northern Michigan MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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