NOT LISTED FOR SALE

555 E Lake St Unit 13 Petoskey, MI 49770

Petoskey Area

Estimated Value: $242,755 - $345,000

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. 250% increase in value since last sale

Current estimated payment $2,053 / mo

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 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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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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
Christopher E Christopher E
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
$288,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,939
Avg. Annual Appreciation
10.80%

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
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Petoskey, MI

  • Chris Christensen Real Estate Agent - Lynda's Real Estate Service

    Chris Christensen

    Lynda's Real Estate Service

    (231) 535-9698

    339 Total Sales

    5 in Petoskey

    $325K - $400K Price Range

    Chris Christensen
     Section Image
  • Brett Binkley Real Estate Agent - EXP Realty

    Brett Binkley

    Responds Quickly

    EXP Realty

    (231) 642-9896

    44 Total Sales

    1 in Petoskey

    $135,000 Price

    Brett Binkley
     Section Image
  • Matt Rader Real Estate Agent - Pat O'Brien & Associates - Boyne City

    Matt Rader

    Pat O'Brien & Associates - Boyne City

    (231) 244-8908

    46 Total Sales

    2 in Petoskey

    $293K - $945K Price Range

    Matt Rader
     Section Image
  • Shelly Novotny Real Estate Agent - Real Estate One - Charlevoix

    Shelly Novotny

    Real Estate One - Charlevoix

    (231) 244-6564

    62 Total Sales

    2 in Petoskey

    $401K - $520K Price Range

    Shelly Novotny
     Section Image
  • Christina Roberts Real Estate Agent - Keller Williams - Northern Michigan

    Christina Roberts

    Keller Williams - Northern Michigan

    (231) 244-2315

    135 Total Sales

    5 in Petoskey

    $400K - $505K Price Range

    Christina Roberts
     Section Image
  • Kristin Rashid Real Estate Agent - Real Estate One-Milford

    Kristin Rashid

    Real Estate One-Milford

    (810) 644-1220

    77 Total Sales

    2 in Petoskey

    $412,000 Price Range

    Kristin Rashid
     Section Image
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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
-- Crossroads Title
Herrmann Christopher E $59,000 --
Jorgensen $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 Real Estate Agent - Kidd & Leavy Real Estate Co. LLC

    Seller's Agent in 2014

    Cary Adgate

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-7718

    7 Total Sales

    Cary Adgate
    Section Image

  • DG

    Buyer's Agent in 2014

    Deborah Graham

    Berkshire Hathaway HomeServices Michigan Real Estate - Petoskey

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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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