NOT LISTED FOR SALE

537 Cherry St Petoskey, MI 49770

Petoskey Area

Estimated Value: $394,000 - $993,000

3 Beds
3 Baths
3,122 Sq Ft
$242/Sq Ft Est. Value

Sale Details

Date Sold: August 7, 2020

Last sale price $485,000 $155 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $4,780 / mo

Highlights

  • Second Garage
  • Cathedral Ceiling
  • Lower Floor Utility Room
  • Deck
  • Main Floor Primary Bedroom
  • Wood Frame Window

About This Home

As of August 2020

If you are looking for a wonderful neighborhood to live in come and see this beautiful brick home in the city limits. This home is a Frank Lloyd Wright design built by Richard Miller Bldrs. Great country views from this large lot. 2 fireplaces, office/bedroom downstairs, tons of storage, beautiful walkout basement, with a garden room, quartz countertop in kitchen and baths upstairs. Extra 1 car garage. Home backs up to 13 acres of Conservancy property. All set with an alarm system, A/C humidifier in bedrooms. All nicely landscaped with beautiful flowers.

Last Agent to Sell the Property

Sharon Pressey

Coldwell Banker Schmidt - Petoskey Listed on: 06/02/2020

Coldwell Banker Schmidt - Petoskey

Last Buyer's Agent

Heidi Kresnak

Graham Real Estate

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 Details

Home Type

  • Single Family

Lot Details

  • Sprinkler System
  • Property is zoned COP R-2

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 3,122 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Wood Frame Window
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Home Security System

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 3 Car Attached Garage
  • Second Garage
  • Driveway

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Air
  • Hot Water Baseboard Heater
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Community Sewer or Septic
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-300-065

Home Details

Home Type

Single Family

Lot Details

0.49 Acres

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 06/05/2020
  • Section: 5
  • Survey: Y
  • Second Address Number: 537
  • Directions: Waukazoo St to Cherry St south of Jennings
  • OFFICELIST_STATE: MI
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Cable, Cathedral Ceilings, Ceiling Fans, Central Air, Deck, Dishwasher, Dryer, Garbage Disposal, Gas Fireplace, Patio, Paved Drive, Range, Refrigerator, Sprinkler System, Washer, Security System, Paved Road
  • Total Finished Sq Ft: 3122
  • Master Bedroom: Dimensions: 16X18, On Level: Main
  • Bedroom 2: Dimensions: 12X14, On Level: Main
  • Bedroom 3: Dimensions: 9X12, On Level: Main
  • Bedroom 4: Dimensions: 10X20, On Level: Lower
  • Basement: Block, Full, Walkout
  • Dining Room: Dimensions: 10X18, On Level: Main
  • Kitchen: Dimensions: 10X18, On Level: Main
  • Family Room: Dimensions: 15X30, On Level: Lower
  • Living Room: Dimensions: 16X19, On Level: Main
  • Above Grade Finished Sq Ft: 1940
  • Bathroom 1: Dimensions: 12.5X 7.9, On Level: Main
  • Bathroom 2: Dimensions: 7.8X 9, On Level: Lower
  • Number Of Bedrooms: 3
  • Full Bathrooms: 3
  • Rooms 1: Dimensions: 28.6X10.10, On Level: Main
  • Rooms 2: Dimensions: 21.6X12, On Level: Main
  • Windows: Wood Sash

Exterior Features

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

Garage/Parking

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

Utilities

  • Heat Type: Natural Gas, Hot Water Baseboard
  • Sewer: Community
  • Water: Community
  • Water Heater: Natural Gas, 40 Gal

Schools

  • School District: Petoskey

Lot Info

  • Zoning: COP R-2

Tax Info

  • Assessor Parcel Number: 52-19-05-300-065

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2020
Closed on
Aug 7, 2020
Sold by
Bought by
Seller's Agent
Sharon Pressey
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Heidi Kresnak
Graham Real Estate
List Price
$525,000
Sold Price
$485,000
Premium/Discount to List
-$40,000
-7.62%
Current Estimated Value
$754,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,669
Avg. Annual Appreciation
7.66%
Original Mortgage
$496,155
Outstanding Balance
$430,097
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$324,572

Purchase Details

Closed on
Nov 27, 2007
Sold by
Bought by

Purchase Details

Closed on
Apr 25, 2006
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Petoskey, MI

  • Christina Roberts Real Estate Agent - Keller Williams - Northern Michigan

    Christina Roberts

    Keller Williams - Northern Michigan

    (231) 244-2315

    132 Total Sales

    5 in Petoskey

    $400K - $505K Price Range

    Christina Roberts
     Section Image
  • Kristin Rashid Real Estate Agent - Real Estate One-Milford

    Kristin Rashid

    Real Estate One-Milford

    (810) 644-1220

    77 Total Sales

    2 in Petoskey

    $412,000 Price Range

    Kristin Rashid
     Section Image
  • Kristin Clark Real Estate Agent - Gaslight Group Properties

    Kristin Clark

    Gaslight Group Properties

    (517) 246-0934

    31 Total Sales

    5 in Petoskey

    $430K - $1.2M Price Range

    Kristin Clark
     Section Image
  • Sarah Jones Real Estate Agent - Key Realty One

    Sarah Jones

    Key Realty One

    (760) 253-8063

    84 Total Sales

    1 in Petoskey

    $15,000 Price

    Sarah Jones
     Section Image
  • Christy Berry Real Estate Agent - Compass RE Texas, LLC.

    Christy Berry

    Responds Quickly

    Compass RE Texas, LLC.

    (817) 670-9178

    97 Total Sales

    1 in Petoskey

    $1,407,000 Price

    Christy Berry
     Section Image
  • Julia Pietrowicz Real Estate Agent - Keller Williams Northern Michigan

    Julia Pietrowicz

    Keller Williams Northern Michigan

    (231) 668-6859

    334 Total Sales

    1 in Petoskey

    $399,000 Price

    Julia Pietrowicz
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$485,000 --
-- --
$275,000 --
$235,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $50,000
Open $496,155
Previous Owner $50,389
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/07/2020 08/07/20 Sold $485,000 -7.6% $155 / Sq Ft
06/02/2020 06/02/20 For Sale $525,000 -- $168 / Sq Ft
Source: Northern Michigan MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,294 $436,800 $436,800 $0
2025 $9,294 $390,600 $390,600 $0
2024 $89 $341,000 $341,000 $0
2023 $8,524 $285,300 $285,300 $0
2022 $8,524 $244,400 $244,400 $0
2021 $8,527 $243,200 $243,200 $0
2020 $4,012 $204,500 $204,500 $0
2019 -- $201,900 $201,900 $0
2018 -- $151,800 $151,800 $0
2017 -- $159,100 $159,100 $0
2016 -- $146,700 $146,700 $0
2015 -- $143,200 $0 $0
2014 -- $101,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Sharon Pressey

    Coldwell Banker Schmidt - Petoskey

    Section Image
  • Heidi Kresnak Real Estate Agent - Graham Real Estate

    Buyer's Agent in 2020

    Heidi Kresnak

    Graham Real Estate

    (231) 838-1977

    86 Total Sales

    Heidi Kresnak
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 462080

Northern Michigan MLS

APN: 52-19-05-300-065

Michigan Emmet County Petoskey 49770

537 Cherry St, Petoskey, MI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northern Michigan MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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