NOT LISTED FOR SALE

531 Lawrence St Petoskey, MI 49770

Estimated Value: $187,758 - $316,000

2 Beds
1 Bath
825 Sq Ft
$295/Sq Ft Est. Value

Last Sold October 26, 2018

Last sale price $130,000 $158 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $1,407/month

4 Days on Market

Highlights

  • No HOA
  • Bungalow
  • Forced Air Heating System
  • Porch

About This Home

As of October 2018

Charming 2 bedroom, 1 full bath in highly desired in-town Petoskey location! Recently, professionally remodeled / upgraded. Quaint, pleasant Petoskey neighborhood, very few nice homes like this in-town Petoskey at this price. A few blocks from the water, city marina, hospital, dining and entertainment.
Direct access to the well known bike-way . . . Little Traverse Wheelway. NEW FEATURES: roof, floor coverings washer, dryer, dishwasher, water heater, new plumbing, upgraded underground city electric service, counter-tops, windows, new R-19 pink insulation, Bryant gas furnace recently inspected & serviced. No showings without Pre Approval Letter.

Last Agent to Sell the Property

Michael Krausman

Luxury Living Real Estate License #6501204251 Listed on: 09/20/2018

Last Buyer's Agent

Michael Krausman

Luxury Living Real Estate License #6501204251 Listed on: 09/20/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1910

Home Design

  • Bungalow
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 825 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Back Up Electric Heat Pump System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Porch
  • Lot Dimensions are 50x210x50x210

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 521906300061

Home Details

Home Type

Single Family

Est. Annual Taxes

$696

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 2 Story
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Room Count: 8
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 825
  • Total Sq Ft: 825
  • Sq Ft Total Bsmt: 272

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Composition, Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Electric, Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Petoskey

Lot Info

  • Homestead: Yes
  • Lot Dimensions: 50x210x50x210
  • Parcel Number: 521906300061

Tax Info

  • Tax Amount Summer: 576.0000
  • Tax Amount Winter: 120.0000
  • Total Tax: 696.0000

MLS Schools

  • School District: Petoskey

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2018
Closed on
Oct 26, 2018
Sold by
Chevy Chase Llc
Bought by
Dempsey Sean D and Dempsey Melinda J
Seller's Agent
Michael Krausman
Luxury Living Real Estate
Buyer's Agent
Michael Krausman
Luxury Living Real Estate
List Price
$129,500
Sold Price
$130,000
Premium/Discount to List
$500
0.39%
Current Estimated Value
$243,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,586
Avg. Annual Appreciation
9.46%
Original Mortgage
$104,000
Outstanding Balance
$91,260
Interest Rate
4.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$152,326

Purchase Details

Listed on
Jul 13, 2018
Closed on
Aug 3, 2018
Sold by
Cilke Barbara E and Hatch Enola M
Bought by
Chevy Chase Llc
Seller's Agent
Phyllis Burkee
Jack Van Treese & Assoc..
Buyer's Agent
Phyllis Burkee
Jack Van Treese & Assoc..
List Price
$99,900
Sold Price
$55,000
Premium/Discount to List
-$44,900
-44.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4109.82%

Purchase Details

Closed on
Apr 2, 2018
Sold by
Hatch Enola M
Bought by
Cilke Barbara E and Hatch Enola M

Purchase Details

Closed on
Jun 8, 2005
Sold by
Hatch Enola M
Bought by
Cilke Barbara E and Hatch Enola M
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
Dempsey Sean D $130,000 --
Chevy Chase Llc $55,000 --
Cilke Barbara E -- --
Cilke Barbara E -- --
Cilke Barbara E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dempsey Sean D $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/26/2018 10/26/18 Sold $130,000 +0.4% $158 / Sq Ft
09/24/2018 09/24/18 Pending -- -- --
09/20/2018 09/20/18 For Sale $129,500 +135.5% $157 / Sq Ft
08/03/2018 08/03/18 Sold $55,000 -44.9% $70 / Sq Ft View Prior Sale
07/13/2018 07/13/18 For Sale $99,900 -- $128 / Sq Ft
Source: Realcomp

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 $1,334 $66,100 $66,100 $0
2024 $1,334 $64,400 $64,400 $0
2023 $1,224 $47,800 $47,800 $0
2022 $1,224 $39,000 $39,000 $0
2021 $1,191 $37,100 $37,100 $0
2020 $1,204 $33,500 $33,500 $0
2019 -- $32,900 $32,900 $0
2018 -- $30,400 $30,400 $0
2017 -- $20,400 $20,400 $0
2016 -- $20,900 $20,900 $0
2015 -- $21,100 $0 $0
2014 -- $23,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Krausman

    Seller's Agent in 2018

    Michael Krausman

    Luxury Living Real Estate

    (248) 342-6516

    777 Total Sales

    Michael Krausman
    Section Image
  • Phyllis Burkee

    Seller's Agent in 2018

    Phyllis Burkee

    Jack Van Treese & Assoc..

    (231) 838-5307

    4 in this area

    14 Total Sales

    Phyllis Burkee
    Section Image
  • Jack Van Treese

    Seller Co-Listing Agent in 2018

    Jack Van Treese

    Jack Van Treese & Assoc..

    (231) 838-5729

    16 in this area

    33 Total Sales

    Jack Van Treese
    Section Image
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Map

Source: Realcomp

MLS Number: 218092125

Realcomp

APN: 52-19-06-300-061

Michigan Emmet County Petoskey 49770

531 Lawrence St, Petoskey, MI

This home is located at 531 Lawrence St, Petoskey, MI 49770 since 20 September 2018 and is currently estimated at $243,586, approximately $295 per square foot. This property was built in 1910. 531 Lawrence St is a home located in Emmet County with nearby schools including Petoskey High School, St. Francis Xavier School, and Petoskey Montessori Children's.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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