NOT LISTED FOR SALE

5250 Jones Landing Petoskey, MI 49770

Estimated Value: $225,000 - $5,333,000

3 Beds
2.5 Baths
3,094 Sq Ft
$948/Sq Ft Est. Value

Last Sold July 01, 2016

Last sale price $1,572,500 $508 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $20,870/month

Highlights

  • 189 Feet of Waterfront
  • 1.95 Acre Lot
  • Main Floor Primary Bedroom
  • Guest House
  • Pole Barn
  • First Floor Utility Room

About This Home

As of July 2016

Sitting on 189 feet of sandy Walloon Lake frontage is this Town and Country Cedar home. An open floor plan on the main floor offers great views of the lake from almost every room. Beautiful grounds including landscaping, decks, and patios make enjoying the lake easy. A guest house features an additional 3 bedrooms, full bathroom, and kitchen. Attached to the guest house is the “lodge”, which includes a fireplace, bar, and restroom. A large pole barn also sits on the property to store all of your toys!

Last Agent to Sell the Property

Wally Kidd

Kidd & Leavy Real Estate Co. LLC Listed on: 06/12/2015

Last Buyer's Agent

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $63,827

Year Built

  • Built in 1999

Lot Details

  • 1.95 Acre Lot
  • 189 Feet of Waterfront

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Log Siding

Interior Spaces

  • 3,094 Sq Ft Home
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Water Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Utilities

  • Heating System Uses Propane
  • Well
  • Septic System

Additional Features

  • Pole Barn
  • Guest House

Listing and Financial Details

  • Assessor Parcel Number 01-19-31-100-015

Home Details

Home Type

Single Family

Est. Annual Taxes

$63,827

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1999
  • Measurement Source: Appraiser
  • Personal Prop Inc: Y
  • Section: 31
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1999

Interior Features

  • Total Finished Sq Ft: 3094
  • Master Bedroom: Dimensions: 16x22, On Level: Main
  • Bedroom 2: Dimensions: 16x22, On Level: Upper
  • Bedroom 3: Dimensions: 16x26, On Level: Upper
  • Bedroom 4: Dimensions: Lodge/Guest House, On Level: Main
  • Total Rooms: 7
  • Basement: Slab
  • Dining Room: Dimensions: 12x16, On Level: Main
  • Kitchen: Dimensions: 12x20, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 25x20, On Level: Main
  • Above Grade Finished Sq Ft: 3094
  • Bathroom 1: Dimensions: 7.5x8, On Level: Main
  • Bathroom 2: Dimensions: 16.5x7, On Level: Upper
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A

Exterior Features

  • Construction: Wood Frame/Site Built, Log
  • Lake: Walloon
  • Waterfront Frontage: 189
  • Waterfront Water Access: Water Front
  • Water View: Y
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

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

Utilities

  • Heat Type: LP Gas
  • Sewer: Septic
  • Water: Well

Schools

  • School District: Petoskey

Lot Info

  • Estimated Number of Acres: 1.95
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 01-19-31-100-015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2015
Closed on
Jun 29, 2016
Sold by
Lorenz Mary Irene and Mary Irene Lorenz Trust
Bought by
Lyall Laurie A and Laurie A Lyall Trust
Seller's Agent
Wally Kidd
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
List Price
$1,890,000
Sold Price
$1,572,500
Premium/Discount to List
-$317,500
-16.8%
Current Estimated Value
$2,933,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,360,595
Avg. Annual Appreciation
6.74%

Purchase Details

Closed on
Aug 22, 2011
Sold by
Lorenz Mary Irene
Bought by
Lorenz Mary Irene and Mary Irene Lorenz Trust Dated
Source: Public Records

Range of Values:

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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
Lyall Laurie A -- Crossroads Title
Lorenz Mary Irene -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2016 07/01/16 Sold $1,572,500 -16.8% $508 / Sq Ft
06/09/2016 06/09/16 Pending -- -- --
06/12/2015 06/12/15 For Sale $1,890,000 -- $611 / 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 $63,827 $1,901,200 $1,901,200 $0
2024 $63,827 $1,987,100 $1,987,100 $0
2023 $58,063 $1,666,200 $1,666,200 $0
2022 $58,063 $1,642,800 $1,642,800 $0
2021 $56,185 $1,575,100 $1,575,100 $0
2020 $55,263 $1,482,800 $1,482,800 $0
2019 -- $1,433,300 $1,433,300 $0
2018 -- $814,800 $814,800 $0
2017 -- $811,400 $811,400 $0
2016 -- $796,900 $796,900 $0
2015 -- $784,100 $0 $0
2014 -- $749,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wally Kidd

    Seller's Agent in 2016

    Wally Kidd

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-2700

    9 in this area

    173 Total Sales

    Wally Kidd
    Section Image
  • Patrick Leavy

    Buyer's Agent in 2016

    Patrick Leavy

    Kidd & Leavy Real Estate Co. LLC

    (231) 881-6639

    40 in this area

    384 Total Sales

    Patrick Leavy
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 444981

Northern Michigan MLS

APN: 01-19-31-100-015

Michigan Emmet County Petoskey 49770

5250 Jones Landing, Petoskey, MI

This home is located at 5250 Jones Landing, Petoskey, MI 49770 since 12 June 2015 and is currently estimated at $2,933,095, approximately $947 per square foot. This property was built in 1999. 5250 Jones Landing 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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