NOT LISTED FOR SALE

523 Alcan Dr Petoskey, MI 49770

Estimated Value: $620,051 - $782,000

4 Beds
2.5 Baths
2,835 Sq Ft
$246/Sq Ft Est. Value

Last Sold July 29, 2016

Last sale price $300,000 $106 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $4,035/month

78 Days on Market

Highlights

  • Barn
  • Radiant Floor
  • 3 Car Attached Garage
  • Deck
  • Lower Floor Utility Room
  • Living Room

About This Home

As of July 2016

This beautiful 4 bedroom 2 1/2 bath Petoskey home sits on a gorgeous 3 + acre parcel with stunning views. Close to schools, town and everything northern Michigan has to offer. This property has so many wonderful features: brand new high efficiency furnace, tons of natural light, swimming pond, pole barn, greenhouse. Enjoy Petoskey's countryside only two miles from town.

Last Agent to Sell the Property

Lynn Ness

Berkshire Hathaway HomeServices Michigan Real Estate - HS Listed on: 03/14/2016

Berkshire Hathaway HomeServices Michigan Real Estate - HS

Co-Listed By

Jane Elbert

Countryside Realty

Last Buyer's Agent

Trish Hartwick

Coldwell Banker Schmidt - Petoskey

Coldwell Banker Schmidt - Petoskey

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2002

Lot Details

  • 3.42

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,835 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Radiant Floor

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Upstairs

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Driveway

Utilities

  • Heating System Uses Propane
  • Well
  • Septic System

Additional Features

  • Deck
  • Barn

Listing and Financial Details

  • Assessor Parcel Number 24-01-16-34-400-029

Home Details

Home Type

Single Family

Year Built

Built in 2002

Lot Details

3.42 Acres

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2002
  • Lvt Date: 03/14/2016
  • Measurement Source: Builder
  • Section: 34
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2002

Interior Features

  • Features: Deck, Dishwasher, Dryer, Garbage Disposal, Gas Fireplace, Paved Drive, Range, Refrigerator, Washer, Wood Floors
  • Total Finished Sq Ft: 2835
  • Master Bedroom: Dimensions: 11.0x14.10, On Level: Upper
  • Bedroom 2: Dimensions: 12.0x11.6, On Level: Upper
  • Bedroom 3: Dimensions: 12.2x15.2, On Level: Upper
  • Bedroom 4: Dimensions: 12.7x11.4, On Level: Upper
  • Basement: Full, Finished
  • Dining Room: Dimensions: 11.0x13.3, On Level: Main
  • Kitchen: Dimensions: 10.2x13.3, On Level: Main
  • Family Room: Dimensions: 17.9x13.3, On Level: Main
  • Living Room: Dimensions: 15.2x13.3, On Level: Main
  • Above Grade Finished Sq Ft: 2835
  • Bathroom 1: Dimensions: Full, On Level: Upper
  • Bathroom 2: Dimensions: Full, On Level: Upper
  • Number Of Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Rooms 1: Dimensions: 10x9, On Level: Main
  • Rooms 2: Dimensions: 23x9, On Level: Main
  • Windows: Vinyl

Exterior Features

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

Garage/Parking

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

Utilities

  • Heat Type: LP Gas, In Floor Heating
  • Sewer: Septic
  • Water: Well

Lot Info

  • Estimated Lot Dimensions: 3.42
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 24-01-16-34-400-029

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2016
Closed on
Jul 29, 2016
Sold by
Gerould Larry L and Gerould Family Trust
Bought by
Johnson James R and Johnson Katherine E
Seller's Agent
Lynn Ness
Berkshire Hathaway HomeServices Michigan Real Estate - HS
Buyer's Agent
Trish Hartwick
Coldwell Banker Schmidt - Petoskey
List Price
$339,900
Sold Price
$300,000
Premium/Discount to List
-$39,900
-11.74%
Current Estimated Value
$696,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,513
Avg. Annual Appreciation
9.13%
Original Mortgage
$240,000
Outstanding Balance
$191,492
Interest Rate
3.48%
Mortgage Type
FHA
Estimated Equity
$505,021

Purchase Details

Closed on
Mar 18, 2005
Sold by
Gerould Larry L and Gerould Nancy J
Bought by
Gerould Family Trust

Purchase Details

Closed on
Mar 21, 2002
Sold by
Lanctot Dennis J and Lanctot Julie
Bought by
Gerould Larry L and Gerould Nancy J

Purchase Details

Closed on
Oct 5, 2000
Sold by
Fedus Jeanette L
Bought by
Lanctot Dennis J and Lanctot Julie

Purchase Details

Closed on
May 11, 2000
Sold by
Anderson William W
Bought by
Fedus Jeanette L
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
Johnson James R $300,000 Talon Title Agency
Gerould Family Trust -- --
Gerould Larry L $49,900 --
Lanctot Dennis J $39,900 --
Fedus Jeanette L $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson James R $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2016 07/29/16 Sold $300,000 -11.7% $106 / Sq Ft
05/31/2016 05/31/16 Pending -- -- --
03/14/2016 03/14/16 For Sale $339,900 -- $120 / Sq Ft
Source: Northern Michigan MLS

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 $4,933 $327,600 $18,800 $308,800
2024 $47 $290,600 $18,800 $271,800
2023 $4,498 $248,900 $16,200 $232,700
2022 $4,498 $213,500 $15,400 $198,100
2021 $4,351 $210,700 $15,400 $195,300
2020 $4,271 $205,000 $0 $205,000
2019 $3,710 $202,100 $17,400 $184,700
2018 $3,614 $165,700 $17,400 $148,300
2017 -- $163,200 $17,400 $145,800
2016 -- $168,200 $168,200 $0
2015 -- $150,600 $0 $0
2014 -- $140,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 447364

Northern Michigan MLS

APN: 01-16-34-400-029

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