NOT LISTED FOR SALE

524 Grove St Petoskey, MI 49770

Estimated Value: $525,643 - $601,000

3 Beds
2 Baths
2,350 Sq Ft
$242/Sq Ft Est. Value

Last Sold July 27, 2020

Last sale price $349,000 $149 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,398/month

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • Forced Air Heating System
  • Wood Frame Window
  • Living Room
  • 4-minute walk to St Francis Xavier Playground

About This Home

As of July 2020

Enjoy the downtown Petoskey lifestyle in this beautiful historic home, located on the corner of Grove & Woodland. Take a short walk enjoy all the shopping, dining and entertainment the infamous Gaslight district has to offer! This 3 bedroom, 2 bath home has beautiful woodwork and original wood floors and a great balcony where you can enjoy peaks of the sunset over Little Traverse Bay. The fenced in backyard is beautifully landscaped and comes complete with a 1 car detached garage and brand new hot tub for relaxing all year round. Great family friendly neighborhood!

Last Agent to Sell the Property

Jill Cook

Gaslight Group Properties Listed on: 07/03/2020

Last Buyer's Agent

Pete Platte

Gaslight Group Properties

Home Details

Home Type

  • Single Family

Lot Details

  • Lot Dimensions are 50 x 147

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,350 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Fireplace
  • Wood Frame Window
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Michigan Basement

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Driveway

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-100-130

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 07/03/2020
  • Section: 5
  • Second Address Number: 524
  • Directions: Corner of Grove & Woodland Ave.
  • OFFICELIST_STATE: MI
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Cable, Ceiling Fans, Dishwasher, Dryer, Garbage Disposal, Paved Drive, Range, Refrigerator, Washer, Wood Fireplace, Wood Floors
  • Total Finished Sq Ft: 2350
  • Master Bedroom: Dimensions: 13.3 x 14.6, On Level: Upper
  • Bedroom 2: Dimensions: 11.8 x 18, On Level: Upper
  • Bedroom 3: Dimensions: 9.8 x 14.6, On Level: Upper
  • Bedroom 4: On Level: N/A
  • Basement: Michigan
  • Dining Room: Dimensions: 11 x 19.6, On Level: Main
  • Kitchen: Dimensions: 8.6 x 14, On Level: Main
  • Family Room: Dimensions: 12 x 19.6, On Level: Main
  • Living Room: Dimensions: 12 x 19.6, On Level: Main
  • Above Grade Finished Sq Ft: 2350
  • Bathroom 1: Dimensions: Full, On Level: Upper
  • Bathroom 2: Dimensions: Full, On Level: Lower
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Rooms 1: Dimensions: 13.6 x 15 Parlor, On Level: Main
  • Rooms 2: Dimensions: 10 x 13 Den, On Level: Main
  • Windows: Wood Sash

Exterior Features

  • Construction: Wood Frame/Site Built
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Garage/Parking

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

Utilities

  • Heat Type: Natural Gas, Forced Air
  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 50 x 147
  • Lot: Y
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 52-19-05-100-130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2020
Closed on
Jul 27, 2020
Sold by
Greer Michael
Bought by
Deery Lyndsay and Deery Ryan
Seller's Agent
Jill Cook
Gaslight Group Properties
Buyer's Agent
Pete Platte
Gaslight Group Properties
List Price
$349,000
Sold Price
$349,000
Current Estimated Value
$568,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,911
Avg. Annual Appreciation
9.40%
Original Mortgage
$331,550
Outstanding Balance
$293,997
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$274,914

Purchase Details

Closed on
Mar 30, 2012
Sold by
Shirley Patrick and Shirley Lee Day
Bought by
Greer Michael and Greer Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
3.15%

Purchase Details

Closed on
Jul 2, 2007
Sold by
Whalls Julie A and Weller Kevin W
Bought by
Shirley Patrick and Day Shirley Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,000
Interest Rate
6.42%

Purchase Details

Closed on
Mar 2, 2005
Sold by
Brossard David G and Brossard Carol J
Bought by
Whalls Julie A and Whalls Kevin W

Purchase Details

Closed on
May 1, 1986
Bought by
Brossard

Purchase Details

Closed on
Jun 1, 1983
Bought by
Pero
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
Deery Lyndsay -- --
Greer Michael $232,500 --
Shirley Patrick $242,500 --
Whalls Julie A $182,500 --
Brossard $57,700 --
Pero $32,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deery Lyndsay $331,550
Previous Owner Greer Michael $207,000
Previous Owner Shirley Patrick $194,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2020 07/27/20 Sold $349,000 0.0% $149 / Sq Ft
07/03/2020 07/03/20 For Sale $349,000 -- $149 / 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 $5,107 $212,000 $212,000 $0
2024 $49 $179,900 $179,900 $0
2023 $4,684 $155,400 $155,400 $0
2022 $4,684 $146,700 $146,700 $0
2021 $4,558 $130,000 $130,000 $0
2020 $2,977 $107,900 $107,900 $0
2019 -- $105,800 $105,800 $0
2018 -- $97,100 $97,100 $0
2017 -- $96,400 $96,400 $0
2016 -- $92,200 $92,200 $0
2015 -- $86,100 $0 $0
2014 -- $75,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 462440

Northern Michigan MLS

APN: 52-19-05-100-130