NOT LISTED FOR SALE

555 E Lake St Unit 13 Petoskey, MI 49770

Petoskey Area

Estimated Value: $296,308

2 Beds
1 Bath
768 Sq Ft
-- Built

Sale Details

Date Sold: July 1, 2014

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

Est. 259% increase in value since last sale

Current estimated payment $2,076 / mo

29 Days on Market

Highlights

  • Water Views
  • Main Floor Primary Bedroom
  • Brick or Stone Mason
  • Second Garage
  • 1 Car Detached Garage
  • Living Room

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 Agent to Sell the Property

Cary Adgate

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

Last Buyer's Agent

Deborah Graham

Berkshire Hathaway HomeServices Michigan Real Estate - Petoskey

Berkshire Hathaway HomeServices Michigan Real Estate - Petoskey

Property Details

Home Type

  • Condominium

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

Lot Details

0 Sq Ft Lot

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
  • 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: Yes
  • Fees: $257

Lot Info

  • Zoning: RM-2 MULTIPLE FAMILY RES

Tax Info

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2014
Closed on
Jul 1, 2014
Sold by
Bought by
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%
Current Estimated Value
$296,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,808
Avg. Annual Appreciation
11.17%

Purchase Details

Closed on
Aug 24, 2000
Sold by
Bought by

Purchase Details

Closed on
Oct 1, 1985
Bought by
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

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
-- Crossroads Title
$59,000 --
$38,500 --
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
Previous Owner $64,356
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
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

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

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
2026 $2,453 $82,600 $82,600 $0
2025 $2,453 $79,900 $79,900 $0
2024 $23 $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

    7 Total Sales

    Cary Adgate
    Section Image

  • D

    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

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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