NOT LISTED FOR SALE

5248 Lake Grove Rd Petoskey, MI 49770

Estimated Value: $530,000 - $2,604,794

4 Beds
2 Baths
1,577 Sq Ft
$917/Sq Ft Est. Value

Last Sold September 09, 2021

Last sale price $2,120,400 $1,345 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $9,267/month

Highlights

  • 93 Feet of Waterfront
  • First Floor Utility Room
  • Dining Room
  • Main Floor Primary Bedroom
  • Living Room

About This Home

As of September 2021

This charming cottage is located on the West Arm of Walloon Lake with 93' of sandy waterfront. Features include four bedrooms, two full baths, a rare boathouse on the water with roof top deck that you can sit and enjoy beautiful sunset views.

Last Agent to Sell the Property

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC Listed on: 07/27/2021

Last Buyer's Agent

Wally Kidd

Kidd & Leavy Real Estate Co. LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,175

Lot Details

  • 93 Feet of Waterfront

Home Design

  • Wood Frame Construction

Interior Spaces

  • 1,577 Sq Ft Home
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Water Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 13-18-35-100-026

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,175

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 09/09/2021
  • Measurement Source: Owner
  • Section: 35
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 1577
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Total Rooms: 8
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: N/A
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 1577
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 4
  • Full Bathrooms: 2
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A

Exterior Features

  • Construction: Wood Frame/Site Built
  • Lake: Walloon
  • Waterfront Frontage: 93
  • Waterfront Water Access: Water Front
  • Water View: Y
  • Wf Wa Ownership Type: Deeded and Private Ownership

Schools

  • School District: Petoskey

Lot Info

  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 13-18-35-100-026

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2021
Closed on
Sep 9, 2021
Sold by
Slama Thomas G
Bought by
Johnson Zora E
Seller's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Wally Kidd
Kidd & Leavy Real Estate Co. LLC
List Price
$1,899,000
Sold Price
$2,120,400
Premium/Discount to List
$221,400
11.66%
Current Estimated Value
$1,446,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$673,951
Avg. Annual Appreciation
-8.70%

Purchase Details

Closed on
Feb 14, 2018
Sold by
Slama Thomas G and Governali-Slama Gloria J
Bought by
Thoas G Glama Ret

Purchase Details

Closed on
Aug 7, 2002
Sold by
Fleming Brad S and Fleming Carol N
Bought by
Slama Thomas G and Slama Gloria J

Purchase Details

Closed on
Jun 27, 2001
Bought by
Fleming Frad

Purchase Details

Closed on
Sep 20, 1999
Sold by
Medernach Robert C and Medernach Wf
Bought by
Shapiro Alan and Joan Aguado -

Purchase Details

Closed on
Sep 13, 1999
Sold by
Shapiro Alan and Joan Aguado -
Bought by
Shapiro Alan and Joan Aguado -
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
Johnson Zora E -- --
Thoas G Glama Ret -- --
Slama Thomas G $1,100,000 --
Fleming Frad $835,000 --
Shapiro Alan -- --
Shapiro Alan -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2021 09/09/21 Sold $2,120,400 +11.7% $1,345 / Sq Ft
08/26/2021 08/26/21 Pending -- -- --
07/27/2021 07/27/21 For Sale $1,899,000 -- $1,204 / 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 $19,175 $588,000 $588,000 $0
2024 $19,175 $525,500 $525,500 $0
2023 $17,434 $445,500 $445,500 $0
2022 $17,434 $422,200 $422,200 $0
2021 $17,317 $445,800 $445,800 $0
2020 $17,059 $462,300 $462,300 $0
2019 -- $461,400 $461,400 $0
2018 -- $472,800 $472,800 $0
2017 -- $472,200 $472,200 $0
2016 -- $442,000 $442,000 $0
2015 -- $399,400 $0 $0
2014 -- $378,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patrick Leavy

    Seller's Agent in 2021

    Patrick Leavy

    Kidd & Leavy Real Estate Co. LLC

    (231) 881-6639

    384 Total Sales

    Patrick Leavy
    Section Image
  • Wally Kidd

    Buyer's Agent in 2021

    Wally Kidd

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-2700

    173 Total Sales

    Wally Kidd
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 466438

Northern Michigan MLS

APN: 13-18-35-100-026

Michigan Emmet County Petoskey 49770

5248 Lake Grove Rd, Petoskey, MI

This home is located at 5248 Lake Grove Rd, Petoskey, MI 49770 since 27 July 2021 and is currently estimated at $1,446,449, approximately $917 per square foot. 5248 Lake Grove Rd is a home located in Emmet County with nearby schools including Petoskey High School.

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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