Seller's Agent in 2023
David Shuman
Bay North Realty Co.
(231) 622-3235
55 in this area
158 Total Sales
517 Bay St Petoskey, MI 49770
Estimated Value: $411,000 - $998,000
4
Beds
3
Baths
2,630
Sq Ft
$305/Sq Ft
Est. Value
Highlights
- Water Views
- First Floor Utility Room
- Thermal Windows
- Wood Flooring
- 2 Car Detached Garage
- 3-minute walk to Pennsylvania Park
About This Home
As of September 2023Downtown Petoskey Victorian that has been lovingly restored from top to bottom. This home functions beautifully for modern living but the historical charm was meticulously retained. Home features 2 owner-suites, one on the main floor and one upstairs with the remaining bedrooms (total of 4 bedrooms and 3 baths), 2630 square feet, remodeled kitchen with a built-in banquet and cork floors, completely remodeled bathrooms, stunning gas fireplace, finished attic with seasonal panoramic views and an envious front porch. The home has air conditioning, lawn irrigation, many new wood windows, recently replaced furnace, and the list goes on. The location of the property is one of the best attributes! Sitting just two blocks from downtown your lifestyle will include walks to dinner, nightly strolls to catch the sunset and a real sense of community. Furnishings are negotiable. Showings start Thursday, June 8th
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,996
Year Built
- Built in 1906
Lot Details
- Sprinkler System
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 2,630 Sq Ft Home
- Ceiling Fan
- Gas Fireplace
- Thermal Windows
- Insulated Windows
- Living Room
- Dining Room
- First Floor Utility Room
- Wood Flooring
- Water Views
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Built-In Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom Upstairs
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 2 Car Detached Garage
- Driveway
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 52-19-05-102-011
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 3, 2023
Closed on
Sep 29, 2023
Sold by
Cusick Hillary G and Cusick Family Trust
Bought by
Muller Bradford P and Harris Muller Carrie
Seller's Agent
David Shuman
Bay North Realty Co.
Buyer's Agent
Matthew Tamm
Kidd & Leavy Real Estate Co. LLC
List Price
$829,900
Sold Price
$795,000
Premium/Discount to List
-$34,900
-4.21%
Views
336
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,217
Avg. Annual Appreciation
0.53%
Original Mortgage
$636,000
Outstanding Balance
$624,208
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$179,009
Purchase Details
Listed on
Jun 4, 2020
Closed on
Sep 4, 2020
Sold by
Cusick Hillary Gwendolyn
Bought by
Cusick Family Trust
Seller's Agent
David Shuman
Bay North Realty Co.
Buyer's Agent
Kimberly Kihnke
Bay North Realty Co.
List Price
$619,000
Sold Price
$610,000
Premium/Discount to List
-$9,000
-1.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%
Purchase Details
Listed on
Jun 4, 2020
Closed on
Jul 29, 2020
Sold by
Shuman David
Bought by
Cusick Hillary Gwendolyn
Seller's Agent
David Shuman
Bay North Realty Co.
Buyer's Agent
Kimberly Kihnke
Bay North Realty Co.
List Price
$619,000
Sold Price
$610,000
Premium/Discount to List
-$9,000
-1.45%
Purchase Details
Closed on
Oct 14, 2005
Sold by
Denton Arthur T and Denton Linda C
Bought by
Shuman David and Shuman Sarah
Purchase Details
Closed on
Aug 6, 2003
Sold by
Anderman Catherine D
Bought by
Denton Arthur T and Denton Linda C
Purchase Details
Closed on
Jun 23, 1999
Bought by
Anderman Catherine D
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Muller Bradford P | $795,000 | Talon Title Agency | |
| Cusick Family Trust | -- | -- | |
| Cusick Hillary Gwendolyn | $610,000 | -- | |
| Shuman David | $299,000 | -- | |
| Denton Arthur T | $326,000 | -- | |
| Anderman Catherine D | $176,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Muller Bradford P | $636,000 | |
| Previous Owner | Shuman David | $186,500 | |
| Previous Owner | Shuman David | $229,000 | |
| Previous Owner | Shuman David | $100,000 | |
| Previous Owner | Shuman David | $59,000 | |
| Previous Owner | Shuman David | $251,750 | |
| Previous Owner | Shuman David | $140,000 | |
| Previous Owner | Shuman David | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/29/2023 09/29/23 | Sold | $795,000 | 0.0% | $302 / Sq Ft |
| 07/15/2023 07/15/23 | Off Market | $795,000 | -- | -- |
| 06/03/2023 06/03/23 | For Sale | $829,900 | +36.0% | $316 / Sq Ft |
| 08/03/2020 08/03/20 | Sold | $610,000 | -1.5% | $232 / Sq Ft |
| 06/04/2020 06/04/20 | For Sale | $619,000 | -- | $235 / Sq Ft |
Source: Northern Michigan MLS
Tax History Compared to Growth
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 | $7,996 | $250,400 | $250,400 | $0 |
| 2024 | $7,996 | $231,800 | $231,800 | $0 |
| 2023 | $9,127 | $205,200 | $205,200 | $0 |
| 2022 | $9,127 | $177,600 | $177,600 | $0 |
| 2021 | $8,867 | $167,100 | $167,100 | $0 |
| 2020 | $3,408 | $140,700 | $140,700 | $0 |
| 2019 | -- | $133,400 | $133,400 | $0 |
| 2018 | -- | $123,400 | $123,400 | $0 |
| 2017 | -- | $122,800 | $122,800 | $0 |
| 2016 | -- | $124,200 | $124,200 | $0 |
| 2015 | -- | $112,900 | $0 | $0 |
| 2014 | -- | $112,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
David Shuman
-
Matthew Tamm
Buyer's Agent in 2023
Matthew Tamm
Kidd & Leavy Real Estate Co. LLC
(231) 838-4188
17 in this area
67 Total Sales
-
Kimberly Kihnke
Buyer's Agent in 2020
Kimberly Kihnke
Bay North Realty Co.
(231) 420-4468
10 in this area
80 Total Sales
Map
Source: Northern Michigan MLS
MLS Number: 471229
APN: 52-19-05-102-011
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