NOT LISTED FOR SALE

5500 Lake Grove Trail Unit 5528 Petoskey, MI 49770

Estimated Value: $2,467,248 - $3,661,000

5 Beds
3.5 Baths
3,493 Sq Ft
$877/Sq Ft Est. Value

Last Sold May 01, 2013

Last sale price $1,300,000 $372 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $17,950/month

Highlights

  • Deeded Waterfront Access Rights
  • 2 Car Attached Garage
  • Dining Room
  • Main Floor Bedroom
  • Living Room
  • Family Room

About This Home

As of May 2013

Tucked into the south east corner of the West Arm, this wonderful "newer" cottage has 150 feet of flat lake frontage and sits mere steps from the waters edge. 5 bedrooms, 3 and-one-half baths, an attached two car garage, two family rooms and a fantastic porch that's perfect for watching everything Walloon There is a cute little "bunkhouse" outback that is also included.

Last Agent to Sell the Property

Wally Kidd

Emmet Association of REALTORS License #6502331324 Listed on: 05/01/2013

Last Buyer's Agent

Wally Kidd

Emmet Association of REALTORS License #6502331324 Listed on: 05/01/2013

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,459

Lot Details

  • 0.42

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 3,493 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom

Utilities

  • Heating System Uses Natural Gas
  • Well
  • Septic System

Additional Features

  • Deeded Waterfront Access Rights
  • Lot Dimensions are 150x145x132x115

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,459

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 3493.00
  • Home Age: 31+ Years Approx
  • Directions: From US 31, turn onto Lake GroveRoad. Follow for approx. 4.5 miles.Turn right onto Lake Grove Trail.
  • Garage Yn: Yes
  • Lot Size: 150x145x132x115
  • Open House Office I D: 20130417185953641030000000
  • Prop. Type: Residential
  • Bedroom 1 Level: 1st
  • Bedroom 2 Level: Upper
  • Dining Room Level: 1st
  • Kitchen Level: 1st
  • Living Room Level: 1st
  • OFFICELIST_STATE: MI
  • Street Addl Info: 5528
  • Building Style: 2+ Story
  • Total Bedrooms: 5
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Lower Floor 1 Half Bathrooms: 1
  • Other Rooms: Family Room
  • Bedroom 3 Level: Upper
  • Bedroom 4 Level: upper
  • Family Room Level: 1st
  • Total Bathrooms: 4.00
  • Basement Type: Residential Water

Exterior Features

  • Exterior Construction: Frame
  • Exterior: Wood
  • Foundation: Slab
  • Road: Paved
  • Waterfront: Deeded Access

Garage/Parking

  • Garage Stall: 2
  • Garage Type: Attached/UN

Utilities

  • Heating Air: Natural Gas
  • Sewer: Septic
  • Hot Water: Well

Schools

  • School District: Petoskey
  • School District: Petoskey
  • Elem School Dist Number: 5500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2015
Sold by
Smith Scott E and Smith Elizabeth J
Bought by
Smith Scott E and Smith Elizabeth J
Current Estimated Value
$3,064,124

Purchase Details

Closed on
May 25, 2007
Sold by
Pendell David G and Pendell Vicky B
Bought by
Pendell David G Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.26%

Purchase Details

Closed on
Sep 8, 2003
Sold by
Pendell David
Bought by
Pendell David G Ttee

Purchase Details

Closed on
Jul 1, 1995
Bought by
Pendell

Purchase Details

Closed on
Oct 1, 1985
Bought by
Brown
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
Smith Scott E -- Attorneys Title Agency Llc
Smith Scott E -- Attorneys Title Agency Llc
Pendell David G Trust -- --
Pendell David G -- --
Pendell David G Ttee -- --
Pendell -- --
Brown -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2013 05/01/13 Sold $1,300,000 -- $372 / Sq Ft
Source: Water Wonderland Board of REALTORS®

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 $20,459 $1,482,900 $1,482,900 $0
2024 $20,459 $1,384,700 $1,384,700 $0
2023 $18,636 $1,247,100 $1,247,100 $0
2022 $18,636 $1,033,200 $1,033,200 $0
2021 $17,936 $1,013,400 $1,013,400 $0
2020 $17,653 $971,800 $971,800 $0
2019 -- $905,600 $905,600 $0
2018 -- $905,500 $905,500 $0
2017 -- $863,600 $863,600 $0
2016 -- $819,800 $819,800 $0
2015 -- $753,400 $0 $0
2014 -- $697,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wally Kidd

    Seller's Agent in 2013

    Wally Kidd

    Emmet Association of REALTORS

    (231) 838-2700

    172 Total Sales

    Wally Kidd
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Map

Source: Water Wonderland Board of REALTORS®

MLS Number: 284593

Water Wonderland Board of REALTORS®

APN: 13-18-35-301-008

Michigan Emmet County Petoskey 49770

5500 Lake Grove Trail Unit 5528, Petoskey, MI

This home is located at 5500 Lake Grove Trail Unit 5528, Petoskey, MI 49770 since 01 May 2013 and is currently estimated at $3,064,124, approximately $877 per square foot. 5500 Lake Grove Trail Unit 5528 is a home located in Emmet County with nearby schools including Petoskey High School.

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