NOT LISTED FOR SALE

555 E Lake St Unit 13 Petoskey, MI 49770

Estimated Value: $211,000 - $348,000

2 Beds
1 Bath
768 Sq Ft
$257/mo HOA Fee

Last Sold July 01, 2014

Last sale price $82,500 $107 Per Sq Ft

Est. 225% increase in value since last sale

Current estimated payment $1,948/month

29 Days on Market

Highlights

  • Water Views
  • Main Floor Primary Bedroom
  • Brick or Stone Mason
  • Second Garage
  • 1 Car Detached Garage
  • 3-minute walk to Pennsylvania Park

About This Home

As of July 2014

There are surprisingly few options when it comes to condominiums close to Petoskey's well-know Gaslight District – and this unit offers a very affordable and convenient one. Shops, restaurants, public library, arts center, Petoskey's beautiful waterfront, and more are all just a short walk. This comfortable two bedroom one bath unit is nicely decorated and well maintained. Included is a one-car garage, community laundry facilities and extra storage.

Last Listed By

Cary Adgate

Kidd & Leavy Real Estate Co. LLC Listed on: 05/01/2014

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,453

HOA Fees

  • $257 Monthly HOA Fees

Home Design

  • Brick or Stone Mason
  • Asphalt Shingled Roof

Interior Spaces

  • 768 Sq Ft Home
  • Vinyl Clad Windows
  • Insulated Windows
  • Blinds
  • Living Room
  • Water Views
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Parking

  • 1 Car Detached Garage
  • Second Garage

Utilities

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

Community Details

  • Lake Terrace Association

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-103-113

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,453

Lot Details

0

HOA Fees

$257 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Measurement Source: Agent
  • Section: 5
  • S E V Yr: $31,400 / 2013
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Features: Cable, Mini Blinds, Range, Refrigerator
  • Total Finished Sq Ft: 768
  • Master Bedroom: Dimensions: 11' x 12.5', On Level: Main
  • Bedroom 2: Dimensions: 11' x 12', On Level: Main
  • Bedroom 3: On Level: N/A
  • Bedroom 4: On Level: N/A
  • Total Rooms: 4
  • Dining Room: On Level: N/A
  • Kitchen: Dimensions: 9' x 12', On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 12' x 20', On Level: Main
  • Above Grade Finished Sq Ft: 768
  • Bathroom 1: Dimensions: 5' x 8', On Level: Main
  • Bathroom 2: On Level: N/A
  • Number Of Bedrooms: 2
  • Full Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Insulated, Vinyl

Exterior Features

  • Construction: Brick
  • Lake: Michigan
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither
  • Water View: Y

Garage/Parking

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

Utilities

  • Heat Type: Natural Gas, Hot Water Baseboard
  • Sewer: City
  • Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: Lake Terrace
  • Association: Yes
  • Condo Unit Number: 13
  • Condo: Yes
  • Fees: $257

Schools

  • School District: Petoskey

Lot Info

  • Zoning: RM-2 MULTIPLE FAMILY RES

Tax Info

  • Assessor Parcel Number: 52-19-05-103-113

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2014
Closed on
Jul 1, 2014
Sold by
Christopher E Christopher E
Bought by
Converse Jack A and Converse Mary G
Seller's Agent
Cary Adgate
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Deborah Graham
Berkshire Hathaway HomeServices Michigan Real Estate - Petoskey
List Price
$88,000
Sold Price
$82,500
Premium/Discount to List
-$5,500
-6.25%
Total Days on Market
29
Current Estimated Value
$268,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,771
Avg. Annual Appreciation
12.47%

Purchase Details

Closed on
Aug 24, 2000
Sold by
Jorgensen Gertrude
Bought by
Herrmann Christopher E

Purchase Details

Closed on
Oct 1, 1985
Bought by
Jorgensen

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
Converse Jack A -- Crossroads Title
Herrmann Christopher E $59,000 --
Jorgensen $38,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Herrmann Christopher E $64,356
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2014 07/01/14 Sold $82,500 -6.3% $107 / Sq Ft
05/30/2014 05/30/14 Pending -- -- --
05/01/2014 05/01/14 For Sale $88,000 -- $115 / 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
2024 $2,453 $79,300 $79,300 $0
2023 $2,233 $58,300 $58,300 $0
2022 $2,233 $54,300 $54,300 $0
2021 $2,169 $51,400 $51,400 $0
2020 $2,175 $51,400 $51,400 $0
2019 -- $50,400 $50,400 $0
2018 -- $40,900 $40,900 $0
2017 -- $41,100 $41,100 $0
2016 -- $37,800 $37,800 $0
2015 -- $37,400 $0 $0
2014 -- $29,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cary Adgate

    Seller's Agent in 2014

    Cary Adgate

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-7718

    6 Total Sales

    Cary Adgate
    Section Image
  • Deborah Graham

    Buyer's Agent in 2014

    Deborah Graham

    Berkshire Hathaway HomeServices Michigan Real Estate - Petoskey

    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 440256

Northern Michigan MLS

APN: 52-19-05-103-113

Michigan Emmet County Petoskey 49770

555 E Lake St Unit 13, Petoskey, MI

Homes for Sale in Petoskey, MI

This home is located at 555 E Lake St Unit 13, Petoskey, MI 49770 since 01 May 2014 and is currently estimated at $268,271, approximately $349 per square foot. 555 E Lake St Unit 13 is a home located in Emmet County with nearby schools including Petoskey High School, St. Francis Xavier School, and Petoskey Montessori Children's.

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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