NOT LISTED FOR SALE

516 W Sheridan St Petoskey, MI 49770

Estimated Value: $220,000 - $325,000

3 Beds
1 Bath
1,335 Sq Ft
$200/Sq Ft Est. Value

Last Sold April 24, 2024

Last sale price $209,000 $157 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,578/month

35 Days on Market

Highlights

  • Wood Flooring
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Forced Air Heating System
  • Family Room

About This Home

As of April 2024

This affordable opportunity sits on an oversized lot, in close proximity to the Bear River walkway, Curtis Park, and within walking distance to Petoskey's famed Gaslight District. Recent updates include a new furnace, water heater, and a fresh coat of paint throughout the home. With a walkout basement that includes ample storage, 3 bedrooms and a large primary space, this home is priced to sell!

Last Agent to Sell the Property

Pete Platte

Gaslight Group Properties Listed on: 03/20/2024

Last Buyer's Agent

Heidi Kresnak

Graham Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,892

Lot Details

  • Lot Dimensions are 100 x 165

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,335 Sq Ft Home
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Wood Flooring

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Michigan Basement

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2-19-06-300-079

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,892

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 03/20/2024
  • Section: 6
  • Second Address Number: 516
  • Directions: Hwy 131 to east on Sheridan Road towards Bear River. House is on the north side of the road.
  • Price per Sq Ft: 156.55
  • OFFICELIST_STATE: MI
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Built In Microwave, Cable, Dishwasher, Dryer, Gas Fireplace, Range, Refrigerator, Washer, Wood Floors
  • Total Finished Sq Ft: 1335
  • Master Bedroom: On Level: N/A
  • Bedroom 2: Dimensions: 13.6 x 12, On Level: Main
  • Bedroom 3: Dimensions: 9.6 x 13.6, On Level: Upper
  • Bedroom 4: Dimensions: 9.6 x 11, On Level: Upper
  • Total Rooms: 7
  • Basement: Michigan, Walkout
  • Dining Room: Dimensions: 11 x 10, On Level: Main
  • Kitchen: Dimensions: 9.7 x 18, On Level: Main
  • Family Room: Dimensions: 17.6 x 13.6, On Level: Main
  • Living Room: Dimensions: 14 x 15, On Level: Main
  • Above Grade Finished Sq Ft: 1335
  • Bathroom 1: Dimensions: 6 x 9, On Level: Main
  • Bathroom 2: On Level: N/A
  • Number Of Bedrooms: 3
  • Full Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A

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

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 100 x 165
  • Lot: Y
  • Zoning: Y

Tax Info

  • Assessor Parcel Number: 2-19-06-300-079

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
Apr 24, 2024
Sold by
Winnell Isaac and Winnell Lauren
Bought by
Balinski Joseph
Seller's Agent
Pete Platte
Gaslight Group Properties
Buyer's Agent
Heidi Kresnak
Graham Real Estate
List Price
$225,000
Sold Price
$209,000
Premium/Discount to List
-$16,000
-7.11%
Views
96
Current Estimated Value
$266,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,817
Avg. Annual Appreciation
18.62%

Purchase Details

Closed on
Jul 20, 2022
Sold by
Winnell Todd C Trust and Todd C Winnell Revocable Trust
Bought by
Winnell Isaac and Winnell Luren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 21, 2019
Closed on
Mar 29, 2019
Sold by
Dougherty Casey D and Dougherty Sarah R
Bought by
Winnell Isaac and Winnel Lauren
Seller's Agent
Jeff Patton
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Pete Platte
Gaslight Group Properties
List Price
$119,000
Sold Price
$119,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.23%

Purchase Details

Closed on
Sep 19, 2008
Sold by
Lawrason Gladys I and Gladys I Lawrason Revocable Li
Bought by
Lawrason Gladys I
Source: Public Records

Range of Values:

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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
Balinski Joseph $209,000 Cislo Title Company
Winnell Isaac -- --
Winnell Isaac $119,000 Talon Group
Lawrason Gladys I -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Winnell Isaac $123,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/24/2024 04/24/24 Sold $209,000 0.0% $157 / Sq Ft
04/10/2024 04/10/24 Price Changed $209,000 -5.0% $157 / Sq Ft
04/01/2024 04/01/24 Price Changed $219,900 -2.3% $165 / Sq Ft
03/20/2024 03/20/24 For Sale $225,000 +89.1% $169 / Sq Ft
03/29/2019 03/29/19 Sold $119,000 0.0% $89 / Sq Ft View Prior Sale
03/21/2019 03/21/19 For Sale $119,000 -- $89 / 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 $1,892 $103,900 $103,900 $0
2024 $1,892 $95,500 $95,500 $0
2023 $1,735 $74,300 $74,300 $0
2022 $1,735 $70,200 $70,200 $0
2021 $1,689 $62,800 $62,800 $0
2020 $1,707 $47,500 $47,500 $0
2019 -- $46,400 $46,400 $0
2018 -- $46,800 $46,800 $0
2017 -- $46,200 $46,200 $0
2016 -- $41,100 $41,100 $0
2015 -- $39,400 $0 $0
2014 -- $27,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Pete Platte

    Seller's Agent in 2024

    Pete Platte

    Gaslight Group Properties

    (231) 838-0935

    50 in this area

    98 Total Sales

    Pete Platte
    Section Image
  • Heidi Kresnak

    Buyer's Agent in 2024

    Heidi Kresnak

    Graham Real Estate

    (231) 838-1977

    6 in this area

    104 Total Sales

    Heidi Kresnak
    Section Image
  • Jeff Patton

    Seller's Agent in 2019

    Jeff Patton

    Coldwell Banker Schmidt - Petoskey

    (231) 881-9019

    3 in this area

    38 Total Sales

    Jeff Patton
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 473300

Northern Michigan MLS

APN: 52-19-06-300-079

Michigan Emmet County Petoskey 49770

516 W Sheridan St, Petoskey, MI

This home is located at 516 W Sheridan St, Petoskey, MI 49770 since 20 March 2024 and is currently estimated at $266,817, approximately $199 per square foot. 516 W Sheridan 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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