NOT LISTED FOR SALE

5390 Rustic Rd Petoskey, MI 49770

Estimated Value: $461,839 - $520,000

3 Beds
2 Baths
1,568 Sq Ft
$307/Sq Ft Est. Value

Last Sold February 04, 2022

Last sale price $315,000 $201 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,893/month

Highlights

  • First Floor Utility Room
  • Living Room
  • Forced Air Heating System
  • 4 Car Attached Garage
  • 1-Story Property
  • Dining Room

About This Home

As of February 2022

This 3 bedroom, 2 bath home is situated on 10 acres and 10 minutes from downtown Petoskey. The walkout basement has an eight foot high ceiling. In addition, the attached garage is 25' x 53' with a 10' door. There have been many improvements done to the house. An Open House is scheduled for Sunday, January 9, from Noon - 2:00.

Last Agent to Sell the Property

Matthew Tamm

Kidd & Leavy Real Estate Co. LLC Listed on: 01/04/2022

Last Buyer's Agent

Barb Shepherd

Harbor Sotheby's International Rlty - Harbor Sprgs

Harbor Sotheby's International Rlty - Harbor Sprgs

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,920

Year Built

  • Built in 1991

Lot Details

  • Property is zoned EC FF-1

Parking

  • 4 Car Attached Garage

Home Design

  • Asphalt Shingled Roof

Interior Spaces

  • 1,568 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room
  • First Floor Utility Room

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Well
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 01-16-36-400-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,920

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1991
  • Lvt Date: 01/07/2022
  • Measurement Source: Owner
  • Section: 36
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1991

Interior Features

  • Features: Dishwasher, Dryer, Range, Refrigerator, Washer, Paved Road
  • Total Finished Sq Ft: 1568
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Main
  • Bedroom 4: On Level: N/A
  • Total Rooms: 9
  • Basement: Block, Full, Walkout
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: N/A
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 1568
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Main
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A

Exterior Features

  • Construction: Man.-HUD-Steel Fr. & Titl, One Story
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Garage/Parking

  • Garage Carport: Garage-Attached
  • Gar Car Capacity: Four +

Utilities

  • Heat Type: Forced Air, LP Gas
  • Sewer: Septic
  • Water: Well
  • Water Heater: Electric

Schools

  • School District: Petoskey

Lot Info

  • Zoning: EC FF-1

Tax Info

  • Assessor Parcel Number: 01-16-36-400-007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2022
Closed on
Feb 4, 2022
Sold by
Ingalls James
Bought by
Mckinley Rebecca J and Phillippe Robert J
Seller's Agent
Matthew Tamm
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Barb Shepherd
Harbor Sotheby's International Rlty - Harbor Sprgs
List Price
$325,000
Sold Price
$315,000
Premium/Discount to List
-$10,000
-3.08%
Current Estimated Value
$481,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,946
Avg. Annual Appreciation
12.29%
Source: Public Records

Range of Values:

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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
Mckinley Rebecca J $315,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2022 02/04/22 Sold $315,000 -3.1% $201 / Sq Ft
01/04/2022 01/04/22 For Sale $325,000 -- $207 / 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 $3,920 $196,700 $40,000 $156,700
2024 $3,920 $179,300 $40,000 $139,300
2023 $1,840 $151,100 $35,000 $116,100
2022 $1,840 $111,500 $111,500 $0
2021 $1,780 $110,100 $110,100 $0
2020 $1,747 $107,700 $107,700 $0
2019 $1,486 $100,900 $100,900 $0
2018 $1,450 $86,900 $86,900 $0
2017 -- $86,000 $86,000 $0
2016 -- $80,900 $80,900 $0
2015 -- $75,600 $0 $0
2014 -- $65,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matthew Tamm

    Seller's Agent in 2022

    Matthew Tamm

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-4188

    11 in this area

    66 Total Sales

    Matthew Tamm
    Section Image
  • Barb Shepherd

    Buyer's Agent in 2022

    Barb Shepherd

    Harbor Sotheby's International Rlty - Harbor Sprgs

    (231) 881-5151

    5 in this area

    60 Total Sales

    Barb Shepherd
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 467207

Northern Michigan MLS

APN: 01-16-36-400-007

Michigan Emmet County Petoskey 49770

5390 Rustic Rd, Petoskey, MI

This home is located at 5390 Rustic Rd, Petoskey, MI 49770 since 04 January 2022 and is currently estimated at $481,946, approximately $307 per square foot. This property was built in 1991. 5390 Rustic Rd is a home located in Emmet County with nearby schools including Petoskey High School.

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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