NOT LISTED FOR SALE

5405 Graham Rd Petoskey, MI 49770

Estimated Value: $734,914 - $838,000

6 Beds
2 Baths
2,680 Sq Ft
$289/Sq Ft Est. Value

Last Sold October 02, 2020

Last sale price $490,000 $183 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $4,514/month

131 Days on Market

Highlights

  • 90 Feet of Waterfront
  • Deck
  • Wood Frame Window
  • Docks
  • Wood Flooring
  • 1 Car Detached Garage

About This Home

As of October 2020

A true classic seasonal cottage in one of the most desired spots on Crooked Lake. One of the originals for this part of the lake, the cottage dates back over 100 years and maintains its historic charm with the covered porch and custom wood work throughout. Situated on a large lot with an expansive front yard that flows into the sandy shoreline. Enjoy Crooked Lake views and beautiful sunsets from the home's two-tiered deck and large picture windows. There is plenty of space for the family, guests, and entertaining with a spacious great room with stone fireplace, formal dining room, and 6 bedrooms. Convenience and privacy with main floor master with bath. Graham Rd. is just 7 miles to either downtown Petoskey or Harbor Springs and is great for taking walks down the quiet, dead end street. Detached garage and ice house allow for storage of your summer toys. Come relax and enjoy simplified lakefront living.

Last Agent to Sell the Property

William Winslow

Coldwell Banker Schmidt- Harbor Springs Listed on: 05/01/2020

Coldwell Banker Schmidt- Harbor Springs

Last Buyer's Agent

William Winslow

Coldwell Banker Schmidt- Harbor Springs Listed on: 05/01/2020

Coldwell Banker Schmidt- Harbor Springs

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1902

Lot Details

  • 90 Feet of Waterfront

Parking

  • 1 Car Detached Garage

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,680 Sq Ft Home
  • Wood Burning Fireplace
  • Wood Frame Window
  • Aluminum Window Frames
  • Living Room
  • Dining Room
  • Second Floor Utility Room
  • Wood Flooring
  • Water Views
  • Crawl Space

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom located in the basement
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Docks
  • Deck
  • Patio
  • Shed

Utilities

  • Well
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 01-16-24-401-002

Home Details

Home Type

Single Family

Year Built

Built in 1902

Lot Details

0.33 Acres

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1902
  • Lvt Date: 05/28/2020
  • Section: 24
  • Second Address Number: 5405
  • Directions: US 31 N. to Graham Road, Take Right and follow to sign on the left.
  • OFFICELIST_STATE: MI
  • Street Designation: Road
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1902

Interior Features

  • Features: Cable, Deck, Dishwasher, Dock, Dryer, Patio, Range, Refrigerator, Washer, Wood Fireplace, Wood Floors, Paved Road
  • Total Finished Sq Ft: 2680
  • Master Bedroom: Dimensions: 13 x 12, On Level: Lower
  • Bedroom 2: Dimensions: 15 x 13, On Level: Upper
  • Bedroom 3: Dimensions: 15 x 15, On Level: Upper
  • Bedroom 4: Dimensions: 15 x 13, On Level: Upper
  • Basement: Crawl
  • Dining Room: Dimensions: 15 x 14, On Level: Main
  • Kitchen: Dimensions: 22 x 9, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 30 x 17, On Level: Main
  • Above Grade Finished Sq Ft: 2680
  • Bathroom 1: Dimensions: Full, On Level: Main
  • Bathroom 2: Dimensions: Full, On Level: Upper
  • Number Of Bedrooms: 6
  • Full Bathrooms: 2
  • Rooms 1: Dimensions: Bedroom, On Level: Upper
  • Rooms 2: Dimensions: Office, On Level: Upper
  • Windows: Wood Sash, Metal

Exterior Features

  • Construction: Wood Frame/Site Built
  • Lake: Crooked
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 90
  • Waterfront Water Access: Water Front
  • Water View: Yes
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

  • Garage Carport: Garage-Detached
  • Gar Car Capacity: One and Half

Utilities

  • Sewer: Township
  • Water: Well

Schools

  • School District: Petoskey

Lot Info

  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 01-16-24-401-002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2020
Closed on
Oct 2, 2020
Sold by
Stuebing Richard K
Bought by
Busch Robert C and Busch Billie
Seller's Agent
William Winslow
Coldwell Banker Schmidt- Harbor Springs
Buyer's Agent
William Winslow
Coldwell Banker Schmidt- Harbor Springs
List Price
$599,000
Sold Price
$490,000
Premium/Discount to List
-$109,000
-18.2%
Current Estimated Value
$774,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,229
Avg. Annual Appreciation
8.77%

Purchase Details

Closed on
Jul 1, 1982
Sold by
Clark Rep
Bought by
Maddox
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
Busch Robert C $490,000 --
Maddox -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2020 10/02/20 Sold $490,000 -1.8% $183 / Sq Ft
09/01/2020 09/01/20 Price Changed $499,000 -9.1% $186 / Sq Ft
07/27/2020 07/27/20 Price Changed $549,000 -8.3% $205 / Sq Ft
05/01/2020 05/01/20 For Sale $599,000 -- $224 / Sq Ft
Source: Northern Michigan MLS

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 $6,343 $320,800 $320,800 $0
2024 $60 $265,200 $265,200 $0
2023 $5,885 $244,500 $244,500 $0
2022 $5,885 $242,000 $242,000 $0
2021 $5,693 $229,400 $229,400 $0
2020 $3,798 $175,200 $175,200 $0
2019 $3,557 $172,900 $172,900 $0
2018 $3,508 $161,700 $161,700 $0
2017 -- $160,700 $160,700 $0
2016 -- $156,400 $156,400 $0
2015 -- $154,100 $0 $0
2014 -- $139,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 461967

Northern Michigan MLS

APN: 01-16-24-401-002

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