NOT LISTED FOR SALE

5448 Lake Grove Trail Unit 5450 Lake Grove Road Petoskey, MI 49770

Estimated Value: $689,000 - $2,141,000

3 Beds
2 Baths
1,763 Sq Ft
$707/Sq Ft Est. Value

Last Sold September 06, 2013

Last sale price $770,000 $437 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $7,745/month

89 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Wood Flooring
  • First Floor Utility Room
  • Deck
  • Main Floor Primary Bedroom
  • 1 Car Detached Garage

About This Home

As of September 2013

This cottage offers 50 feet of frontage and 1763 square feet of living space! With three over-sized bedrooms for family and friends, recently updated kitchen, and beautifully kept gardens, this is all you would ever need to enjoy Walloon Lake. The parcel across the street offers an additional garage for extra storage.

Last Agent to Sell the Property

Wally Kidd

Kidd & Leavy Real Estate Co. LLC Listed on: 05/22/2013

Last Buyer's Agent

James Kerr

Walloon Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,685

Year Built

  • Built in 1930

Lot Details

  • 50 Feet of Waterfront

Parking

  • 1 Car Detached Garage

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,763 Sq Ft Home
  • Wood Burning Fireplace
  • Vinyl Clad Windows
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Wood Flooring
  • Water Views
  • Crawl Space
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Shed

Utilities

  • Heating Available
  • Electric Water Heater
  • Community Sewer or Septic
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 13-18-35-301-002

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,685

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1930
  • Measurement Source: Appraiser
  • Section: 35
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1930

Interior Features

  • Features: Cable, Deck, Dishwasher, Dryer, Patio, Refrigerator, Washer, Wood Fireplace, Wood Floors, Paved Road
  • Total Finished Sq Ft: 1763
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: N/A
  • Total Rooms: 6
  • Basement: Crawl, Slab
  • 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: 1763
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Rooms 1: On Level: Main
  • Rooms 2: On Level: N/A
  • Windows: Vinyl

Exterior Features

  • Construction: Wood Frame/Site Built
  • Lake: Walloon
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 50
  • Waterfront Water Access: Water Front
  • Water View: Y
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

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

Utilities

  • Heat Type: Electric
  • Sewer: Community
  • Water: Community
  • Water Heater: Electric

Schools

  • School District: Petoskey

Lot Info

  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 13-18-35-301-002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2013
Closed on
Sep 6, 2013
Sold by
Smith Scott E and Smith Elizabeth J
Bought by
Barbara R Mulhauser First Amended And Re
Seller's Agent
Wally Kidd
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
James Kerr
Walloon Realty
List Price
$895,000
Sold Price
$770,000
Premium/Discount to List
-$125,000
-13.97%
Current Estimated Value
$1,245,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$475,887
Avg. Annual Appreciation
4.07%

Purchase Details

Closed on
Sep 24, 2007
Sold by
Smith Scott E and Smith Elizabeth J
Bought by
Smith Scott E and Smith Elizabeth J

Purchase Details

Closed on
Apr 28, 2006
Sold by
Smith Phillip D and Smith Barbara I
Bought by
Smith Scott E and Smith Elizabeth J

Purchase Details

Closed on
Sep 1, 1997
Sold by
Smith Smith P P and Smith B
Bought by
Smith Smith P and Smith Pta B

Purchase Details

Closed on
Aug 1, 1984
Sold by
Smith Scott
Bought by
Smith Phillip

Purchase Details

Closed on
Jan 1, 1980
Bought by
Smith
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
Barbara R Mulhauser First Amended And Re $770,000 Attorneys Title Agency Llc
Smith Scott E -- --
Smith Scott E $675,000 --
Smith Phillip D -- --
Smith Smith P -- --
Smith Phillip -- --
Smith $60,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2013 09/06/13 Sold $770,000 -14.0% $437 / Sq Ft
08/19/2013 08/19/13 Pending -- -- --
05/22/2013 05/22/13 For Sale $895,000 -- $508 / 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 $13,685 $420,600 $420,600 $0
2024 $13,685 $386,200 $386,200 $0
2023 $12,140 $340,000 $340,000 $0
2022 $12,140 $294,000 $294,000 $0
2021 $11,976 $295,900 $295,900 $0
2020 $11,668 $312,300 $312,300 $0
2019 -- $311,700 $311,700 $0
2018 -- $299,100 $299,100 $0
2017 -- $299,900 $299,900 $0
2016 -- $276,600 $276,600 $0
2015 -- $252,700 $0 $0
2014 -- $236,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wally Kidd

    Seller's Agent in 2013

    Wally Kidd

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-2700

    172 Total Sales

    Wally Kidd
    Section Image

  • J

    Buyer's Agent in 2013

    James Kerr

    Walloon Realty

See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 437050

Northern Michigan MLS

APN: 13-18-35-301-002

Michigan Emmet County Petoskey 49770

5448 Lake Grove Trail Unit 5450 Lake Grove Road, Petoskey, MI

This home is located at 5448 Lake Grove Trail Unit 5450 Lake Grove Road, Petoskey, MI 49770 since 22 May 2013 and is currently estimated at $1,245,887, approximately $706 per square foot. This property was built in 1930. 5448 Lake Grove Trail Unit 5450 Lake Grove Road 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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