NOT LISTED FOR SALE

550 W Lake St Petoskey, MI 49770

Estimated Value: $1,195,000

Studio
-- Bath
-- Sq Ft
0.43 Acres Lot

About This Home

This home is located at 550 W Lake St, Petoskey, MI 49770 and is currently priced at $1,195,000. 550 W Lake St is a home located in Emmet County with nearby schools including Petoskey High School, St. Francis Xavier School, and Petoskey Montessori Children's.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2023
Sold by
Johnson Jonathon R and Jonathon R Johnson Trust
Bought by
Nesmith Tyler and Nesmith Elizabeth
Current Estimated Value
$1,195,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,710,000
Outstanding Balance
$1,658,974
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2010
Sold by
Johnson Jonathon R and Johnson Nancy D
Bought by
Johnson Jonathon R and Jonathon R Johnson Trust Dated

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.23%

Purchase Details

Closed on
Oct 4, 2007
Sold by
Johnson Jonathon R and Johnson Nancy D
Bought by
Johnson Jonathon R and Jonathon R Johnson Trust Dated

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.5%

Purchase Details

Closed on
Apr 22, 2004
Bought by
Johnson Jonathan R and Johnson Nancy D

Purchase Details

Closed on
Jan 13, 1998
Sold by
Johnson Jonathon R and Johnson Nancy D
Bought by
Johnson Jonathon R and Johnson Nancy D

Purchase Details

Closed on
Jun 1, 1991
Sold by
Rand 45
Bought by
Johnson

Purchase Details

Closed on
Mar 1, 1987
Bought by
Rand
Source: Public Records
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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
Nesmith Tyler -- Talon Title Agency
Johnson Jonathon R -- --
Johnson Jonathon R -- --
Johnson Jonathon R -- --
Johnson Jonathan R -- --
Johnson Jonathon R -- --
Johnson $279,000 --
Rand $66,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nesmith Tyler $1,710,000
Previous Owner Johnson Jonathon R $417,000
Previous Owner Johnson Jonathon R $417,000
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
2023 $8,222 $487,800 $487,800 $0
2022 $8,222 $451,400 $451,400 $0
2021 $8,002 $437,100 $437,100 $0
2020 $8,089 $435,200 $435,200 $0
2019 -- $408,100 $408,100 $0
2018 -- $368,000 $368,000 $0
2017 -- $366,300 $366,300 $0
2016 -- $361,500 $361,500 $0
2015 -- $361,300 $0 $0
2014 -- $367,700 $0 $0
Source: Public Records

Map

Michigan Emmet County Petoskey 49770

550 W Lake St, Petoskey, MI

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.

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