NOT LISTED FOR SALE

5534 Cherry Ln Petoskey, MI 49770

Estimated Value: $329,636 - $853,000

3 Beds
2 Baths
1,308 Sq Ft
$458/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2020

Last sale price $359,000 $274 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $3,310 / mo

Highlights

  • Water Views
  • Deck
  • Main Floor Primary Bedroom
  • Second Garage
  • Radiant Floor
  • First Floor Utility Room

About This Home

As of September 2020

Meticulously maintained and recently renovated home overlooking the north arm of Walloon Lake. This home has a great up north feel and is complete with wood floors, bead board, slate wood stove and lots of outdoor space. There is plenty of room to store the toys in the 28X60 additional building that features a 3 car garage and 28X24 room that has potential for a gym, office, or studio. This building also has an additional 2 car garage below. The property is also located a short walk to 50 feet of Walloon Lake access where you can swim or launch your kayak, and borders Walloon Conservancy property and walking trails.

Last Agent to Sell the Property

C.T. Shuman

Real Estate One Listed on: 05/22/2020

Real Estate One

Last Buyer's Agent

Jane Fisher

Gaslight Group Properties License #6501333848

Home Details

Home Type

  • Single Family

Lot Details

  • Lot Dimensions are 150x157
  • Property is zoned FF

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,308 Sq Ft Home
  • Ceiling Fan
  • Thermal Windows
  • Vinyl Clad Windows
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Water Views
  • Crawl Space

Kitchen

  • Range
  • Dishwasher

Flooring

  • Wood
  • Radiant Floor

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Attached Garage
  • Second Garage
  • Driveway

Outdoor Features

  • Deck

Utilities

  • Hot Water Baseboard Heater
  • Heating System Uses Natural Gas
  • Well
  • Natural Gas Water Heater
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 13-18-36-426-009 and 011

Home Details

Home Type

Single Family

Lot Details

7,449 Sq Ft Lot

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 05/26/2020
  • Section: 36
  • Second Address Number: 5534
  • Directions: Resort Pike Road. South to Indian Garden Road. Left on Indian Garden to Wooden Landing turn right then left onto Cherry St. property is on the right
  • OFFICELIST_STATE: MI
  • Street Designation: Lane
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Cable, Ceiling Fans, Deck, Dishwasher, Dryer, Paved Drive, Range, Refrigerator, Washer, Wood Floors
  • Total Finished Sq Ft: 1308
  • Master Bedroom: Dimensions: 11X14, On Level: Main
  • Bedroom 2: Dimensions: 9.10X11, On Level: Main
  • Bedroom 3: Dimensions: 11.4X9.6, On Level: Main
  • Bedroom 4: On Level: N/A
  • Basement: Crawl
  • Dining Room: Dimensions: 12X15.10, On Level: Main
  • Kitchen: Dimensions: 12X15.10, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 15.9X16.7, On Level: Main
  • Above Grade Finished Sq Ft: 1308
  • Bathroom 1: Dimensions: 10X6, On Level: Main
  • Bathroom 2: Dimensions: 4.8X9.9, On Level: Main
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Thermo, Vinyl

Exterior Features

  • Construction: Wood Frame/Site Built
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither
  • Water View: Yes

Garage/Parking

  • Garage Carport: Garage-Attached
  • Gar Car Capacity: Four +

Utilities

  • Heat Type: Natural Gas, Hot Water Baseboard, In Floor Heating
  • Sewer: Septic
  • Water: Well
  • Water Heater: Natural Gas

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 150X157
  • Zoning: FF

Tax Info

  • Assessor Parcel Number: 13-18-36-426-009 and 011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2020
Closed on
Sep 30, 2020
Sold by
Kirschner Janet M
Bought by
Roman Christi and Dunckley Christopher
Seller's Agent
C.T. Shuman
Real Estate One
Buyer's Agent
Jane Fisher
Gaslight Group Properties
List Price
$389,900
Sold Price
$359,000
Premium/Discount to List
-$30,900
-7.93%
Current Estimated Value
$598,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,909
Avg. Annual Appreciation
9.48%
Original Mortgage
$341,000
Outstanding Balance
$303,301
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$295,608

Purchase Details

Closed on
Apr 25, 2007
Sold by
Fryczynski Douglas M
Bought by
Kirschner Janet M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
8.25%

Purchase Details

Closed on
Oct 7, 2004
Sold by
Pennington Pennington C C and Pennington Nancy
Bought by
Fryczynski Douglas M and Fryczynski Kirschner

Purchase Details

Closed on
Jan 1, 1993
Bought by
Pennington
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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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Roman Christi $359,000 --
Kirschner Janet M -- --
Kirschner Janet M -- Blue Sky Title Llc
Fryczynski Douglas M -- --
Pennington -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Roman Christi $341,000
Previous Owner Kirschner Janet M $344,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2020 09/30/20 Sold $359,000 -7.9% $274 / Sq Ft
05/22/2020 05/22/20 For Sale $389,900 -- $298 / 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 $821 $37,900 $37,900 $0
2024 $4 $38,100 $38,100 $0
2023 $755 $33,700 $33,700 $0
2022 $755 $32,400 $32,400 $0
2021 $729 $31,500 $31,500 $0
2020 $737 $31,900 $31,900 $0
2019 -- $31,500 $31,500 $0
2018 -- $33,800 $33,800 $0
2017 -- $34,200 $34,200 $0
2016 -- $33,300 $33,300 $0
2015 -- $32,800 $0 $0
2014 -- $30,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C.T. Shuman

    Seller's Agent in 2020

    C.T. Shuman

    Real Estate One

    (231) 838-4200

    126 Total Sales

    C.T. Shuman
    Section Image
  • Jane Fisher

    Buyer's Agent in 2020

    Jane Fisher

    Gaslight Group Properties

    (231) 409-8060

    144 Total Sales

    Jane Fisher
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 461925

Northern Michigan MLS

APN: 13-18-36-426-009

Michigan Emmet County Petoskey 49770

5534 Cherry Ln, 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.

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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