NOT LISTED FOR SALE

540 Franklin Estates Unit 2 Petoskey, MI 49770

Estimated Value: $268,841 - $382,000

1 Acre
$336,710 Price per Acre
43,560 Sq Ft Lot

Last Sold August 14, 2020

Last sale price $16,100

Est. 1,991% increase in value since last sale

Current estimated payment $2,117/month

288 Days on Market

About This Lot

As of August 2020

HEADS UP! Are you considering building a home in the future or looking for a smart investment? Pick your lot and perhaps buy an adjoining lot to build that dream home and have plenty of property to garden, play horseshoes or just sit back, relax and enjoy having the room to roam. Quiet country location in Petoskey School District. Close proximity to snowmobile trails, public boat launch, Inland Lakes Waterway, hiking, biking, foraging for wild berries and mushrooms.

Last Agent to Sell the Property

Roxanne Beach

Berkshire Hathaway HomeServices Michigan Real Estate - HS Listed on: 10/10/2019

Berkshire Hathaway HomeServices Michigan Real Estate - HS

Co-Listed By

Mindy Ozenberger

Berkshire Hathaway HomeServices Michigan Real Estate - HS

Last Buyer's Agent

Ethan Swiger

Real Estate One

Real Estate One

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,779

Lot Details

  • 1 Acre Lot
  • Gentle Sloping Lot
  • Property is zoned EC FF-2

Utilities

  • Well Required
  • Septic Needed

Community Details

  • Snowmobile Trail
  • Electricity Available at Street

Listing and Financial Details

  • Assessor Parcel Number 14-17-33-451-102

Property Details

Property Type

Land

Est. Annual Taxes

$2,779

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Type: Lots/Land
  • Type 2: Acreage
  • Additional Comments: sale price for 2 lots
  • Lvt Date: 10/14/2019
  • Section: 33
  • Road Access: Pickerel Lk Rd
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Features: Electric Nearby, Near Snowmobile Trails

Exterior Features

  • Waterfront Water Access: Neither

Utilities

  • Sewer: Septic Needed
  • Water: Well Needed

Schools

  • School District: Petoskey

Lot Info

  • Estimated Number of Acres: 1
  • Zoning: EC FF-2
  • Deed Restrictions: BOCA or site built
  • Number Of Acres: 1 - 2
  • Terrain: Slow Slope

Tax Info

  • Assessor Parcel Number: 14-17-33-451-102

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2021
Sold by
Fettig Nicholas J
Bought by
Lagerstrom Kelsey
Total Days on Market
288
Current Estimated Value
$336,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Outstanding Balance
$136,802
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$232,053

Purchase Details

Closed on
Oct 25, 2021
Sold by
Fettig Nicholas J
Bought by
Fettig Nicholas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Outstanding Balance
$136,802
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$232,053

Purchase Details

Listed on
Oct 10, 2019
Closed on
Aug 13, 2020
Sold by
Keller William M
Bought by
Fettig Nicholas J
Seller's Agent
Roxanne Beach
Berkshire Hathaway HomeServices Michigan Real Estate - HS
Buyer's Agent
Ethan Swiger
Real Estate One
List Price
$10,900
Sold Price
$16,100
Premium/Discount to List
$5,200
47.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
92.28%

Purchase Details

Closed on
Jul 30, 2018
Sold by
Keller Holly J
Bought by
Keller William M
Source: Public Records

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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
Lagerstrom Kelsey $185,000 --
Fettig Nicholas J -- --
Fettig Nicholas J $161,000 --
Keller William M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lagerstrom Kelsey $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $16,100 +47.7% --
04/13/2020 04/13/20 For Sale $10,900 -32.3% --
04/11/2020 04/11/20 Off Market $16,100 -- --
10/10/2019 10/10/19 For Sale $10,900 -- --
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
2024 $2,779 $144,400 $144,400 $0
2023 $2,558 $119,300 $119,300 $0
2022 $2,558 $96,000 $96,000 $0
2021 $1,887 $42,100 $42,100 $0
2020 $147 $3,300 $3,300 $0
2019 -- $4,000 $4,000 $0
2018 -- $4,300 $4,300 $0
2017 -- $4,500 $4,500 $0
2016 -- $5,000 $5,000 $0
2015 -- $5,000 $0 $0
2014 -- $7,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Roxanne Beach

    Seller's Agent in 2020

    Roxanne Beach

    Berkshire Hathaway HomeServices Michigan Real Estate - HS

    (231) 526-9800

    111 Total Sales

    Roxanne Beach
    Section Image
  • Mindy Ozenberger

    Seller Co-Listing Agent in 2020

    Mindy Ozenberger

    Berkshire Hathaway HomeServices Michigan Real Estate - HS

    (231) 838-4412

    129 Total Sales

    Mindy Ozenberger
    Section Image
  • Ethan Swiger

    Buyer's Agent in 2020

    Ethan Swiger

    Real Estate One

    (231) 881-6263

    116 Total Sales

    Ethan Swiger
    Section Image
See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 460522

Northern Michigan MLS

APN: 14-17-33-451-102

Michigan Emmet County Petoskey 49770

540 Franklin Estates Unit 2, Petoskey, MI

This home is located at 540 Franklin Estates Unit 2, Petoskey, MI 49770 since 10 October 2019 and is currently estimated at $336,710. 540 Franklin Estates Unit 2 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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