$314,900
SOLD SEP 19, 2024

534 Elizabeth St Petoskey, MI 49770

2 Beds
1.5 Baths
1,270 Sq Ft
$417/mo HOA Fee

Recently Sold

$248 Per Sq Ft

42 Days on Market

Highlights

  • Water Views
  • First Floor Utility Room
  • 1 Car Attached Garage
  • Deck
  • Thermal Windows
  • 2-minute walk to Bear River Park

About This Home

As of September 2024

Discover the amazing peace and quiet at 534 Elizabeth St. while you are right in-town just blocks from shopping and dining. Listen to the river flow as this condo backs up to and is overlooking the Bear River and the park recreation area and is on a dead end street. Easy access to all of the City's amenities including hiking trails, the Little Traverse Wheelway, the marina, the art center, the college, restaurants and more. This 2 bedroom, 1.5 bath unit features main floor entry to the open living, kitchen, dining area, spacious bedrooms, and an attached garage. With a recently installed brand new refrigerator, this neat and clean condo is move in ready. Come experience one of Petoskey's best neighborhoods. Open house Saturday (8/10/24) 12:30 pm to 2:30 pm.

Last Agent to Sell the Property

William Winslow

Coldwell Banker Schmidt- Harbor Springs Listed on: 08/08/2024

Coldwell Banker Schmidt- Harbor Springs

Last Buyer's Agent

Joe Blachy

Petoskey Real Estate Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,500

Year Built

  • Built in 1987

HOA Fees

  • $417 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Rolled or Hot Mop Roof

Interior Spaces

  • 1,270 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Thermal Windows
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Water Views

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom located in the basement

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Driveway

Outdoor Features

  • Deck
  • Patio

Utilities

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

Community Details

  • Riverside Condos Association

Listing and Financial Details

  • Assessor Parcel Number 52-19-06-279-103

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,500

Year Built

Built in 1987

Lot Details

0

HOA Fees

$417 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1987
  • Lvt Date: 08/08/2024
  • Section: 5
  • Second Address Number: 534
  • Directions: In city limits, on Elizabeth Street at the end of State Street.
  • Price per Sq Ft: 247.95
  • OFFICELIST_STATE: MI
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1987

Interior Features

  • Features: Built In Microwave, Cable, Deck, Dishwasher, Dryer, Garbage Disposal, Patio, Paved Drive, Range, Refrigerator, Washer, Wood Fireplace, Paved Road
  • Total Finished Sq Ft: 1270
  • Master Bedroom: Dimensions: 14 x 13.5, On Level: Lower
  • Bedroom 2: Dimensions: 10.10 x 13.5, On Level: Lower
  • Bedroom 3: On Level: N/A
  • Bedroom 4: On Level: N/A
  • Total Rooms: 5
  • Basement: Slab
  • Dining Room: Dimensions: 10.11 x 13.5, On Level: Main
  • Kitchen: Dimensions: 12.5 x 8.7, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 16.6 x 13.6, On Level: Main
  • Above Grade Finished Sq Ft: 674
  • Bathroom 1: Dimensions: 10 x 5.1, On Level: Lower
  • Bathroom 2: Dimensions: 2.9 x 6.11, On Level: Main
  • Number Of Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Rooms 1: Dimensions: 10 x 6.6, On Level: Lower
  • Rooms 2: Dimensions: 4.3 x 10.7, On Level: Lower
  • Windows: Thermo

Exterior Features

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

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: Riverside Condos
  • Association: Yes
  • Condo Unit Number: 3
  • Condo: Yes
  • Fees: 1250

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Zoning: res

Tax Info

  • Assessor Parcel Number: 52-19-06-279-103

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2024
Closed on
Sep 19, 2024
Sold by
Sheets Susan K and The Susan K Sheets Living Trust
Bought by
Herald Kirk
Seller's Agent
William Winslow
Coldwell Banker Schmidt- Harbor Springs
Buyer's Agent
Joe Blachy
Petoskey Real Estate Group
List Price
$314,900
Sold Price
$314,900
Views
79
Current Estimated Value
$359,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,988
Avg. Annual Appreciation
16.33%
Original Mortgage
$164,900
Outstanding Balance
$163,361
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$199,098

Purchase Details

Listed on
Jun 25, 2018
Closed on
Aug 10, 2018
Sold by
Pagel William P and Pagel Marsha
Bought by
Susan K Sheets Lt
Seller's Agent
Trish Hartwick
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Trish Hartwick
Coldwell Banker Schmidt - Petoskey
List Price
$199,900
Sold Price
$196,400
Premium/Discount to List
-$3,500
-1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.02%
Original Mortgage
$147,300
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 18, 2017
Closed on
Jul 19, 2017
Sold by
Wilhelm Michael L
Bought by
Pagel William B and Pagel Marsha
Seller's Agent
Trish Hartwick
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Karie Jeisel
Coldwell Banker Fairbairn Realty
List Price
$189,900
Sold Price
$189,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.23%
Original Mortgage
$151,920
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 8, 2013
Closed on
Jul 1, 2013
Sold by
Elder Jean Eloise
Bought by
Wilhelm Michael L
Seller's Agent
Steve Shuman
Real Estate One
Buyer's Agent
Steve Shuman
Real Estate One
List Price
$169,000
Sold Price
$155,000
Premium/Discount to List
-$14,000
-8.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.14%
Original Mortgage
$116,250
Interest Rate
2.99%

Purchase Details

Closed on
Feb 1, 1997
Bought by
Elder Trustee

Purchase Details

Closed on
Jul 1, 1987
Sold by
Riverside Cash
Bought by
Elder New 87 Rps
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $314,900 Talon Title Agency
Warranty Deed $196,400 --
Warranty Deed $189,400 Devon Title Agency
Warranty Deed $155,000 --
Quit Claim Deed -- --
Warranty Deed $81,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $164,900 New Conventional
Previous Owner $147,300 Purchase Money Mortgage
Previous Owner $151,920 Purchase Money Mortgage
Previous Owner $116,250 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2024 09/19/24 Sold $314,900 0.0% $248 / Sq Ft
08/08/2024 08/08/24 For Sale $314,900 +60.3% $248 / Sq Ft
08/10/2018 08/10/18 Sold $196,400 -1.8% $146 / Sq Ft
06/25/2018 06/25/18 For Sale $199,900 +5.3% $149 / Sq Ft
07/19/2017 07/19/17 Sold $189,900 0.0% $141 / Sq Ft
05/24/2017 05/24/17 Pending -- -- --
05/18/2017 05/18/17 For Sale $189,900 +22.5% $141 / Sq Ft
07/01/2013 07/01/13 Sold $155,000 -8.3% $115 / Sq Ft
07/01/2013 07/01/13 Pending -- -- --
05/08/2013 05/08/13 For Sale $169,000 -- $126 / 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 $3,500 $163,700 $163,700 $0
2024 $3,500 $200,500 $200,500 $0
2023 $3,210 $123,600 $123,600 $0
2022 $3,210 $93,500 $93,500 $0
2021 $3,124 $89,100 $89,100 $0
2020 $4,804 $89,100 $89,100 $0
2019 -- $87,400 $87,400 $0
2018 -- $78,500 $78,500 $0
2017 -- $78,900 $78,900 $0
2016 -- $106,400 $106,400 $0
2015 -- $94,200 $0 $0
2014 -- $72,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 474592

Northern Michigan MLS

APN: 52-19-06-279-103