NOT LISTED FOR SALE

536 Lawrence St Petoskey, MI 49770

Estimated Value: $299,000 - $350,000

2 Beds
1.5 Baths
1,245 Sq Ft
$261/Sq Ft Est. Value

Last Sold July 22, 2024

Last sale price $291,500 $234 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,946/month

36 Days on Market

Highlights

  • Guest House
  • Main Floor Primary Bedroom
  • Patio
  • Wood Flooring
  • 1 Car Attached Garage
  • Living Room

About This Home

As of July 2024

Situated on a large lot in the City of Petoskey, close to Hospital, shopping and Curtis Park, this home and guest cottage can be an ideal getaway or a short term rental business opportunity. This property is zoned B-3A and is adjacent to a multi family structure. This zoning allows development of this property into a multi family structure. Please see Zoning and Setback requirements in the Associate Documents. for this listing

Last Agent to Sell the Property

Kathy Emig

Cedar Creek Realty Listed on: 06/16/2024

Last Buyer's Agent

Trish Hartwick

Coldwell Banker Schmidt - Petoskey

Coldwell Banker Schmidt - Petoskey

Home Details

Home Type

  • Single Family

Lot Details

  • 0.29

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,245 Sq Ft Home
  • Ceiling Fan
  • Vinyl Clad Windows
  • Insulated Windows
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • Wood Flooring
  • Partial Basement
  • Dryer

Kitchen

  • Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main

Parking

  • 1 Car Attached Garage
  • Driveway

Outdoor Features

  • Patio
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Property is zoned B-3A
  • Guest House

Listing and Financial Details

  • Assessor Parcel Number 52-19-06-376-002

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 06/16/2024
  • Section: 6
  • Second Address Number: 536
  • Directions: Take US 31 North of 131 and 31 split then turn left onto Lawrence Street, home is on the left.
  • OFFICELIST_STATE: MI
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Ceiling Fans, Central Air, Dryer, Garbage Disposal, Patio, Paved Drive, Range, Wood Floors, Paved Road
  • Total Finished Sq Ft: 1245
  • Master Bedroom: Dimensions: 11'3" x 14'3", On Level: Main
  • Bedroom 2: Dimensions: 8'10" x 11'7", On Level: Main
  • Bedroom 3: On Level: N/A
  • Bedroom 4: On Level: N/A
  • Basement: Partial
  • Dining Room: Dimensions: 8' x 12'4", On Level: Main
  • Kitchen: Dimensions: 11'1" x 11'5", On Level: Main
  • Family Room: Dimensions: 14'4" x 14'4", On Level: Lower
  • Living Room: Dimensions: 11'4" x 12'4", On Level: Main
  • Above Grade Finished Sq Ft: 1245
  • Bathroom 1: Dimensions: 8'6" x 11'1", On Level: Main
  • Bathroom 2: On Level: Lower
  • Number Of Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Insulated, Vinyl

Exterior Features

  • Construction: Wood Frame/Site Built
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Garage/Parking

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

Utilities

  • Heat Type: Natural Gas, Forced Air
  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas
  • Well Size Depth: City Water

Schools

  • School District: Petoskey

Lot Info

  • Zoning: B-3A

Tax Info

  • Assessor Parcel Number: 52-19-06-376-002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2020
Closed on
Aug 25, 2020
Sold by
Pies Roy
Bought by
Mikosz Kristen and Mikosz Susan J
Seller's Agent
Amanda Conklin
Real Estate One
Buyer's Agent
Sheela Welch
Coldwell Banker Schmidt - Petoskey
List Price
$199,900
Sold Price
$185,000
Premium/Discount to List
-$14,900
-7.45%
Current Estimated Value
$325,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,405
Avg. Annual Appreciation
11.27%
Original Mortgage
$148,000
Outstanding Balance
$131,042
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$194,363

Purchase Details

Closed on
Jan 14, 2003
Sold by
Welch Michael V and Welch Dawn A
Bought by
Pies Roy and Pies Kathleen

Purchase Details

Closed on
Feb 28, 2000
Sold by
Vanhorn Gary and Young Lois K
Bought by
Welch Michael and Welch Dawn A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mikosz Kristen $185,000 --
Pies Roy $118,000 --
Welch Michael $100,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mikosz Kristen $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/22/2024 07/22/24 Sold $291,500 +4.1% $234 / Sq Ft
06/16/2024 06/16/24 For Sale $280,000 +51.4% $225 / Sq Ft
08/25/2020 08/25/20 Sold $185,000 -2.6% $149 / Sq Ft View Prior Sale
07/21/2020 07/21/20 Price Changed $189,900 -5.0% $153 / Sq Ft
07/07/2020 07/07/20 For Sale $199,900 -- $161 / 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 $2,836 $109,100 $109,100 $0
2024 $2,836 $106,700 $106,700 $0
2023 $2,601 $78,900 $78,900 $0
2022 $2,601 $75,800 $75,800 $0
2021 $2,532 $72,200 $72,200 $0
2020 $1,784 $60,600 $60,600 $0
2019 -- $59,600 $59,600 $0
2018 -- $56,200 $56,200 $0
2017 -- $58,200 $58,200 $0
2016 -- $56,000 $56,000 $0
2015 -- $52,700 $0 $0
2014 -- $47,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 474111

Northern Michigan MLS

APN: 52-19-06-376-002