NOT LISTED FOR SALE

531 Lawrence St Petoskey, MI 49770

Estimated Value: $209,281 - $329,000

2 Beds
1 Bath
825 Sq Ft
$307/Sq Ft Est. Value

Last Sold October 26, 2018

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

Est. 95% increase in value since last sale

Current estimated payment $1,435/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

  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 825

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Composition, Vinyl
  • Foundation Materials: Block
  • 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

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
$253,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,320
Avg. Annual Appreciation
9.72%
Original Mortgage
$104,000
Outstanding Balance
$91,260
Interest Rate
4.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$162,060

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:

--
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
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

    764 Total Sales

    Michael Krausman
    Section Image
  • Phyllis Burkee

    Seller's Agent in 2018

    Phyllis Burkee

    Jack Van Treese & Assoc..

    (231) 838-5307

    3 in this area

    12 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

    15 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

Not Listed for Sale

Detached

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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