NOT LISTED FOR SALE

555 E Lake St Unit 14 Petoskey, MI 49770

Estimated Value: $208,000 - $316,000

1 Bed
1 Bath
641 Sq Ft
$232/mo HOA Fee

Last Sold August 18, 2015

Last sale price $87,000 $136 Per Sq Ft

Est. 187% increase in value since last sale

Current estimated payment $1,834/month

3 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • Brick or Stone Mason
  • Main Floor Primary Bedroom
  • Thermal Windows
  • 3-minute walk to Pennsylvania Park

About This Home

As of August 2015

HEART OF DOWNTOWN PETOSKEY! This condo is an easy walk to downtown shops, restaurants, pubs, library, market, waterfront, wheelway, parks, churches, and all the other amenities that make Petoskey the destination gem that it is. Beautiful wood floors, fresh paint, move in ready. Laundry, storage, and park-like courtyard just outside your door. Spacious garage for easy parking and additional storage. Dues include heat, lawn/snow maintenance, trash removal. Pet friendly. Easy to show, come have a look!

Last Listed By

Deborah Graham

Berkshire Hathaway HomeServices Michigan Real Estate - Petoskey Listed on: 07/17/2015

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,551

HOA Fees

  • $232 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Home Design

  • Brick or Stone Mason
  • Asphalt Shingled Roof

Interior Spaces

  • 641 Sq Ft Home
  • Thermal Windows
  • Vinyl Clad Windows
  • Blinds
  • Living Room
  • Dining Room
  • Wood Flooring
  • Range

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Utilities

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

Community Details

  • Lake Terrace Association

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-103-114

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,551

Lot Details

0

HOA Fees

$232 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Section: 5
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Features: Cable, Mini Blinds, Range, Refrigerator, Wood Floors
  • Total Finished Sq Ft: 641
  • Master Bedroom: Dimensions: 12 x 15, On Level: Main
  • Bedroom 2: On Level: N/A
  • Bedroom 3: On Level: N/A
  • Bedroom 4: On Level: N/A
  • Total Rooms: 4
  • Dining Room: Dimensions: 10 x 12, On Level: Main
  • Kitchen: Dimensions: 8 x 12, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 17 x 12, On Level: Main
  • Above Grade Finished Sq Ft: 641
  • Bathroom 1: Dimensions: 5 x 9, On Level: Main
  • Bathroom 2: On Level: N/A
  • Number Of Bedrooms: 1
  • Full Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Thermo, Vinyl

Exterior Features

  • Construction: Brick
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: Lake Terrace
  • Association: Yes
  • Condo Unit Number: Unit 14
  • Condo: Yes
  • Fees: $232

Schools

  • School District: Petoskey

Lot Info

  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 52-19-05-103-114

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2018
Sold by
Devore Richard S and Devore Lynn G
Bought by
Richard S Devore T
Total Days on Market
3
Current Estimated Value
$249,471

Purchase Details

Listed on
Jul 17, 2015
Closed on
Aug 18, 2015
Sold by
Mulligan Jamie Dee
Bought by
Devore Richard S and Devore Lynn G
Seller's Agent
Deborah Graham
Berkshire Hathaway HomeServices Michigan Real Estate - Petoskey
Buyer's Agent
Geno D'angelo
Real Broker LLC
List Price
$94,900
Sold Price
$87,000
Premium/Discount to List
-$7,900
-8.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.71%
Original Mortgage
$60,000
Interest Rate
4.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 13, 2013
Closed on
Mar 11, 2014
Sold by
Lynn A Lynn A
Bought by
Mulligan Jamie Dee
Seller's Agent
Jamie Kardosh
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Deborah Graham
Berkshire Hathaway HomeServices Michigan Real Estate - Petoskey
List Price
$78,500
Sold Price
$74,000
Premium/Discount to List
-$4,500
-5.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.07%

Purchase Details

Closed on
Aug 16, 2007
Sold by
Carlson Therese M
Bought by
Berry Lynn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,625
Interest Rate
6.44%

Purchase Details

Closed on
Jun 27, 2002
Sold by
Mcmurray Michael K and Mcmurray Susan L
Bought by
Carlson Therese M

Range of Values:

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Average Value
Not Available
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
Richard S Devore T $48,000 --
Devore Richard S $87,000 Title Resource Agency
Mulligan Jamie Dee $74,000 Devon Title Agency
Berry Lynn A $73,750 --
Carlson Therese M $48,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Devore Richard S $60,000
Previous Owner Berry Lynn $46,598
Previous Owner Berry Lynn A $54,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2015 08/18/15 Sold $87,000 -8.3% $136 / Sq Ft
07/20/2015 07/20/15 Pending -- -- --
07/17/2015 07/17/15 For Sale $94,900 +28.2% $148 / Sq Ft
03/17/2014 03/17/14 Sold $74,000 -5.7% $105 / Sq Ft
02/24/2014 02/24/14 Pending -- -- --
08/13/2013 08/13/13 For Sale $78,500 -- $112 / 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 $2,551 $77,400 $77,400 $0
2023 $2,323 $57,000 $57,000 $0
2022 $2,323 $53,100 $53,100 $0
2021 $2,257 $50,300 $50,300 $0
2020 $2,263 $50,300 $50,300 $0
2019 -- $49,300 $49,300 $0
2018 -- $40,200 $40,200 $0
2017 -- $40,400 $40,400 $0
2016 -- $39,900 $39,900 $0
2015 -- $35,200 $0 $0
2014 -- $28,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Deborah Graham

    Seller's Agent in 2015

    Deborah Graham

    Berkshire Hathaway HomeServices Michigan Real Estate - Petoskey

    Section Image
  • Geno D'angelo

    Buyer's Agent in 2015

    Geno D'angelo

    Real Broker LLC

    (231) 487-6141

    235 Total Sales

    Geno D'angelo
    Section Image
  • Jamie Kardosh

    Seller's Agent in 2014

    Jamie Kardosh

    Coldwell Banker Schmidt - Petoskey

    (231) 838-2095

    28 Total Sales

    Jamie Kardosh
    Section Image
See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 445478

Northern Michigan MLS

APN: 52-19-05-103-114

Michigan Emmet County Petoskey 49770

555 E Lake St Unit 14, Petoskey, MI

Homes for Sale in Petoskey, MI

This home is located at 555 E Lake St Unit 14, Petoskey, MI 49770 since 17 July 2015 and is currently estimated at $249,471, approximately $389 per square foot. 555 E Lake St Unit 14 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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