NOT LISTED FOR SALE

5416 Lake Grove Trail Petoskey, MI 49770

Estimated Value: $2,547,749 - $4,315,000

4 Beds
3 Baths
2,800 Sq Ft
$1,225/Sq Ft Est. Value

Last Sold August 01, 2019

Last sale price $2,150,000 $768 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $22,260/month

13 Days on Market

Highlights

  • 168 Feet of Waterfront
  • Main Floor Primary Bedroom
  • 2 Car Detached Garage
  • Wood Flooring
  • First Floor Utility Room
  • Living Room

About This Home

As of August 2019

Perfectly positioned on Walloon Lake’s rarely available Lake Grove Trail is this Town & Country Cedar home on 160 feet of the best shoreline Walloon has to offer. No stairs here, just an easy walk to the waters edge on this westerly facing lot where you’ll enjoy the best sunsets available from your dock or patio. Recently updated, this home features an open floor plan with a newly remodeled kitchen, updated bathrooms, main floor master and a masterfully crafted, field stone fireplace. The two car detached garage is great bonus space for all your toys. This desirable location offers close proximity to the lively communities of Petoskey, Walloon Lake and Charlevoix. Allowing for maximum enjoyment of all that Northern Michigan living has to offer.

Last Agent to Sell the Property

Wally Kidd

Kidd & Leavy Real Estate Co. LLC Listed on: 06/26/2019

Last Buyer's Agent

Wally Kidd

Kidd & Leavy Real Estate Co. LLC Listed on: 06/26/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $48,813

Year Built

  • Built in 1989

Lot Details

  • 168 Feet of Waterfront

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Roof
  • Log Siding

Interior Spaces

  • 2,800 Sq Ft Home
  • Gas Fireplace
  • Insulated Windows
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Wood Flooring
  • Water Views
  • Crawl Space

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Electric Water Heater
  • Mound Septic
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 13-18-35-300-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$48,813

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1989
  • Lvt Date: 06/26/2019
  • Section: 35
  • Second Address Number: 5416
  • Directions: Take Resort Pike road South from Petoskey, turn right on to Depew Road, stay straight onto Lake Grove Trail, home is on the right.
  • Price per Sq Ft: 767.86
  • OFFICELIST_STATE: MI
  • Street Designation: Trail
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1989

Interior Features

  • Features: Central Air, Dishwasher, Dryer, Gas Fireplace, Range, Refrigerator, Washer, Wood Floors
  • Total Finished Sq Ft: 2800
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Total Rooms: 5
  • Basement: Crawl
  • 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: 2800
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Main
  • Number Of Bedrooms: 4
  • Full Bathrooms: 3
  • Rooms 1: On Level: Upper
  • Rooms 2: On Level: N/A
  • Windows: Insulated, Pella

Exterior Features

  • Construction: Log
  • Lake: Walloon
  • Roof: Wood Shake
  • Waterfront Frontage: 168
  • 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: Two

Utilities

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

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 13-18-35-300-001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2019
Closed on
Jul 30, 2019
Sold by
Beauchamp Michelle
Bought by
James D Whalen Jr Irt
Seller's Agent
Wally Kidd
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Wally Kidd
Kidd & Leavy Real Estate Co. LLC
List Price
$2,150,000
Sold Price
$2,150,000
Current Estimated Value
$3,431,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,281,375
Avg. Annual Appreciation
7.86%

Purchase Details

Closed on
Mar 31, 2011
Sold by
Mclaughlin Steven D
Bought by
Beauchamp Michelle
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
James D Whalen Jr Irt -- Crossroads Title
Beauchamp Michelle $975,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2019 08/01/19 Sold $2,150,000 0.0% $768 / Sq Ft
06/26/2019 06/26/19 For Sale $2,150,000 -- $768 / 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 $48,813 $1,530,700 $1,530,700 $0
2024 $48,813 $1,418,400 $1,418,400 $0
2023 $44,382 $1,264,400 $1,264,400 $0
2022 $44,382 $1,074,800 $1,074,800 $0
2021 $43,114 $1,072,500 $1,072,500 $0
2020 $42,472 $1,033,100 $1,033,100 $0
2019 -- $846,000 $846,000 $0
2018 -- $857,500 $857,500 $0
2017 -- $832,000 $832,000 $0
2016 -- $782,400 $782,400 $0
2015 -- $711,000 $0 $0
2014 -- $668,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wally Kidd

    Seller's Agent in 2019

    Wally Kidd

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-2700

    172 Total Sales

    Wally Kidd
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Map

Source: Northern Michigan MLS

MLS Number: 459189

Northern Michigan MLS

APN: 13-18-35-300-001

Michigan Emmet County Petoskey 49770

5416 Lake Grove Trail, Petoskey, MI

This home is located at 5416 Lake Grove Trail, Petoskey, MI 49770 since 26 June 2019 and is currently estimated at $3,431,375, approximately $1,225 per square foot. This property was built in 1989. 5416 Lake Grove Trail 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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