Seller's Agent in 2022
Michael MacCarthy
Gaslight Group Properties
(231) 838-7700
62 in this area
176 Total Sales
523 State St Petoskey, MI 49770
Estimated Value: $636,000 - $770,000
3
Beds
2.5
Baths
2,597
Sq Ft
$261/Sq Ft
Est. Value
Highlights
- Deck
- Cathedral Ceiling
- Wood Frame Window
- Radiant Floor
- Lower Floor Utility Room
- 2-minute walk to St Francis Xavier Playground
About This Home
As of September 2022Dynamic location to enjoy downtown Petoskey living for a family looking to be close to schools or a Resorter wanting easy access to town. This turn-of-the-previous-century classic blends the original woodwork, characteristics, and craftmanship that downtown Petoskey homes are known for, but with modern finishes and open concept living spaces that most traditional Victorians lack. With soaring ceiling heights, high-end hard surfaces/lighting, additional main floor office/bedroom/kid's room, unique outdoor spaces, an enormous master suite, plus an abundance of natural light, this home and property feels like new construction. But this is not an out of town subdivision home, it's just one short block (no steep hills) to Petoskey's Central Business District which is the epicenter of commerce in the Little Traverse Bay region. Lots of upside to this corner lot and the current owners even have drawings for a garage expansion/enhancement that they could share with the next owner. Sellers are moving out of the area for employment and this will be available almost immediately. There's still time to be here this summer!
Home Details
Home Type
- Single Family
Year Built
- Built in 1890
Lot Details
- Lot Dimensions are 50 x 145
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 2,597 Sq Ft Home
- Cathedral Ceiling
- Ceiling Fan
- Wood Frame Window
- Family Room
- Living Room
- Dining Room
- Lower Floor Utility Room
- Partial Basement
Kitchen
- Range
- Built-In Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Radiant Floor
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom Upstairs
Laundry
- Dryer
- Washer
Parking
- 2 Car Detached Garage
- Driveway
Outdoor Features
- Deck
- Shed
Utilities
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 52-19-05-100-067
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 16, 2018
Closed on
Feb 22, 2019
Sold by
Engelman Max H and Engelman Carol S
Bought by
Peca Stefano and Peca Alethea
Seller's Agent
Laurie Hodack
Coldwell Banker Schmidt - Boyne City
Buyer's Agent
Stephanie Jones
Kidd & Leavy Real Estate Co. LLC
List Price
$348,750
Sold Price
$330,000
Premium/Discount to List
-$18,750
-5.38%
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
$346,537
Avg. Annual Appreciation
10.56%
Original Mortgage
$264,000
Outstanding Balance
$230,430
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$446,107
Purchase Details
Closed on
Dec 1, 1984
Bought by
Engelman
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Peca Stefano | $330,000 | -- | |
| Engelman | $46,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Peca Stefano | $264,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/12/2022 09/12/22 | Sold | $651,500 | -6.8% | $251 / Sq Ft | |
| 09/12/2022 09/12/22 | For Sale | $699,000 | +7.3% | $269 / Sq Ft | |
| 09/12/2022 09/12/22 | Off Market | $651,500 | -- | -- | |
| 07/01/2022 07/01/22 | Price Changed | $699,000 | -4.1% | $269 / Sq Ft | |
| 06/14/2022 06/14/22 | For Sale | $729,000 | +120.9% | $281 / Sq Ft | |
| 02/25/2019 02/25/19 | Sold | $330,000 | 0.0% | $127 / Sq Ft | View Prior Sale |
| 02/23/2019 02/23/19 | Off Market | $330,000 | -- | -- | |
| 11/16/2018 11/16/18 | For Sale | $348,750 | -- | $134 / 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 | $10,425 | $261,800 | $261,800 | $0 |
| 2024 | $99 | $231,300 | $231,300 | $0 |
| 2023 | $4,683 | $188,500 | $188,500 | $0 |
| 2022 | $4,683 | $176,200 | $176,200 | $0 |
| 2021 | $4,558 | $159,700 | $159,700 | $0 |
| 2020 | $4,608 | $128,200 | $128,200 | $0 |
| 2019 | -- | $125,300 | $125,300 | $0 |
| 2018 | -- | $100,800 | $100,800 | $0 |
| 2017 | -- | $95,000 | $95,000 | $0 |
| 2016 | -- | $84,400 | $84,400 | $0 |
| 2015 | -- | $80,900 | $0 | $0 |
| 2014 | -- | $72,800 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael MacCarthy
-
Laurie Hodack
Seller's Agent in 2019
Laurie Hodack
Coldwell Banker Schmidt - Boyne City
(231) 838-7599
1 in this area
55 Total Sales
-
Stephanie Jones
Buyer's Agent in 2019
Stephanie Jones
Kidd & Leavy Real Estate Co. LLC
(231) 844-4410
80 in this area
134 Total Sales
Map
Source: Northern Michigan MLS
MLS Number: 468542
APN: 52-19-05-100-067
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