NOT LISTED FOR SALE

527 E Mitchell St Petoskey, MI 49770

Estimated Value: $702,575

8 Beds
4 Baths
3,832 Sq Ft
$183/Sq Ft Est. Value

Last Sold July 27, 2020

Last sale price $383,800 $100 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $4,836/month

273 Days on Market

Highlights

  • Water Views
  • 2 Car Detached Garage
  • Dining Room
  • Wood Flooring
  • Living Room
  • Ceiling Fan

About This Home

As of July 2020

Absolutely perfect location!! Adjacent to Petoskey’s historic Gaslight District and close to schools this classic Victorian has been completely refit in a cohesive manner that allows for multiple uses. Currently configured as a residential duplex with one large 6 bedroom residence and a 2 bedroom “in-law suite”. Water views, 2 car garage, private patio, and more. Priced to sell!

Last Agent to Sell the Property

Cam Braddock

Gaslight Group Properties Listed on: 09/23/2019

Last Buyer's Agent

Michael MacCarthy

Gaslight Group Properties

Home Details

Home Type

  • Single Family

Lot Details

  • Property is zoned RM-2

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 3,832 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Vinyl Clad Windows
  • Blinds
  • Family Room
  • Living Room
  • Dining Room
  • Second Floor Utility Room
  • Wood Flooring
  • Water Views

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom Upstairs
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Block Basement Construction

Utilities

  • Hot Water Baseboard Heater
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-102-037

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 09/23/2019
  • Section: 5
  • Second Address Number: 527
  • Directions: From the corner of Mitchell St and Howard St in the heart of the Gaslight District travel 1.5 blocks East home on the left.
  • OFFICELIST_STATE: MI
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Built In Microwave, Cable, Ceiling Fans, Dishwasher, Dryer, Mini Blinds, Range, Refrigerator, Washer, Wood Floors
  • Total Finished Sq Ft: 3832
  • Master Bedroom: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Basement: Block, Partial
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Main
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 3832
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 8
  • Full Bathrooms: 4
  • Rooms 1: On Level: Main
  • Rooms 2: On Level: N/A
  • Windows: Vinyl

Exterior Features

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

Garage/Parking

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

Utilities

  • Heat Type: Natural Gas, Hot Water Baseboard
  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas

Schools

  • School District: Petoskey

Lot Info

  • Zoning: RM-2

Tax Info

  • Assessor Parcel Number: 52-19-05-102-037

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2019
Closed on
Jul 27, 2020
Sold by
Brown Derrick
Bought by
Vidosh Donn E
Seller's Agent
Cam Braddock
Gaslight Group Properties
Buyer's Agent
Michael MacCarthy
Gaslight Group Properties
List Price
$399,900
Sold Price
$383,800
Premium/Discount to List
-$16,100
-4.03%
Current Estimated Value
$702,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,775
Avg. Annual Appreciation
11.80%
Original Mortgage
$306,400
Outstanding Balance
$271,695
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$430,880

Purchase Details

Listed on
Jan 2, 2015
Closed on
Jun 24, 2015
Sold by
Walker James C
Bought by
Brown Derrick
Seller's Agent
Michael MacCarthy
Gaslight Group Properties
Buyer's Agent
Phyllis Burkee
Jack Van Treese & Assoc..
List Price
$419,900
Sold Price
$375,000
Premium/Discount to List
-$44,900
-10.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.46%
Original Mortgage
$300,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 28, 2007
Sold by
Justis Janice O
Bought by
Walker James C and James C Walker 1991 Revocable Trust

Purchase Details

Closed on
May 3, 2000
Sold by
Hayes Dr Hubert
Bought by
Justis Gregory G and Justis Janice O
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vidosh Donn E -- --
Brown Derrick $375,000 Attorneys Title Agency Llc
Walker James C -- --
Justis Gregory G $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vidosh Donn E $306,400
Previous Owner Brown Derrick $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/27/2020 07/27/20 Sold $383,800 -4.0% $100 / Sq Ft
09/23/2019 09/23/19 For Sale $399,900 +6.6% $104 / Sq Ft
06/26/2015 06/26/15 Sold $375,000 -10.7% $98 / Sq Ft View Prior Sale
05/26/2015 05/26/15 Pending -- -- --
01/02/2015 01/02/15 For Sale $419,900 -- $110 / 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 $13,864 $345,200 $15,800 $329,400
2024 $13,864 $280,600 $15,800 $264,800
2023 $12,623 $260,700 $11,300 $249,400
2022 $12,623 $242,100 $0 $242,100
2021 $12,263 $231,100 $37,500 $193,600
2020 $7,211 $191,700 $37,500 $154,200
2019 -- $190,600 $37,500 $153,100
2018 -- $194,400 $37,500 $156,900
2017 -- $181,700 $37,500 $144,200
2016 -- $173,600 $37,500 $136,100
2015 -- $168,000 $0 $0
2014 -- $164,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cam Braddock

    Seller's Agent in 2020

    Cam Braddock

    Gaslight Group Properties

    (231) 330-9819

    21 in this area

    65 Total Sales

    Cam Braddock
    Section Image
  • Michael MacCarthy

    Buyer's Agent in 2020

    Michael MacCarthy

    Gaslight Group Properties

    (231) 838-7700

    63 in this area

    179 Total Sales

    Michael MacCarthy
    Section Image
  • Phyllis Burkee

    Buyer's Agent in 2015

    Phyllis Burkee

    Jack Van Treese & Assoc..

    (231) 838-5307

    3 in this area

    12 Total Sales

    Phyllis Burkee
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 460311

Northern Michigan MLS

APN: 52-19-05-102-037

Michigan Emmet County Petoskey 49770

527 E Mitchell St, Petoskey, MI

Not Listed for Sale

Detached

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