NOT LISTED FOR SALE

5550 Beechwood Ct Petoskey, MI 49770

Estimated Value: $489,000 - $1,249,302

4 Beds
3.5 Baths
4,500 Sq Ft
$213/Sq Ft Est. Value

Last Sold April 19, 2024

Last sale price $1,225,000 $272 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $6,072/month

74 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • 3 Car Attached Garage
  • Dining Room
  • First Floor Utility Room
  • Living Room
  • Family Room Downstairs

About This Home

As of April 2024

Nestled in the Oaks of Walloon Lake in Petoskey, Michigan, this custom log home is a testament to luxurious living and refined craftsmanship. Surrounded by the beauty of Northern Michigan and the charming town of Petoskey, the property offers an unparalleled retreat. The architecturally gorgeous home showcases meticulous attention to detail, featuring a stunning combination of handcrafted logs and modern amenities. Upon entering, the main floor unveils an inviting ambiance, with heated floors that exude warmth and comfort. The open-concept design seamlessly blends the living, dining, and kitchen areas, creating a harmonious space for both relaxation and entertainment. The kitchen stands out with top-of-the-line appliances, boasting names like Wolf and Viking, ensuring culinary enthusiasts have the tools for gourmet creations. The main floor also hosts a master suite that epitomizes luxury. With its spacious layout and panoramic views of the surrounding landscape, this sanctuary offers a tranquil escape. The en-suite bathroom is a spa-like haven, with high-end finishes and complemented by heated floors. The meticulous design extends to every corner, making this master retreat a true haven within the home. Two fireplaces grace the residence, each becoming a focal point in their respective spaces. Whether gathering with loved ones in the living area or lower living room, these fireplaces add a touch of elegance and warmth, creating an inviting atmosphere throughout. The outdoor spaces are as enchanting as the interior. A well-appointed deck, beautifully landscaped areas, a fire-pit, and more, provide yet another way to enjoy the picturesque surroundings and bask in the natural beauty of northern Michigan. With Petoskey, Bay Harbor, Lake Michigan and Walloon Lake just a few miles away, this home is in a perfect location for enjoying all the area has to offer.

Last Agent to Sell the Property

Wendie Keen

@properties Christie’s International Real Estate Harbor Springs Listed on: 02/05/2024

@properties Christie’s International Real Estate Harbor Springs

Last Buyer's Agent

Wendie Keen

@properties Christie’s International Real Estate Harbor Springs Listed on: 02/05/2024

@properties Christie’s International Real Estate Harbor Springs

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,494

Lot Details

  • Property is zoned residnetial

HOA Fees

  • $92 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Log Siding

Interior Spaces

  • 4,500 Sq Ft Home
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • First Floor Utility Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Community Details

  • Oaks Of Walloon Association

Listing and Financial Details

  • Assessor Parcel Number 131836325121

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,494

Lot Details

0

HOA Fees

$92 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 02/05/2024
  • Section: R6W
  • Second Address Number: 5550
  • Directions: Resort Pike to Oaks of Walloon. Home will be on your left.
  • Price per Sq Ft: 272.22
  • OFFICELIST_STATE: MI
  • Street Designation: Court
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 4500
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Lower
  • Total Rooms: 12
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Lower
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 3500
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A

Exterior Features

  • Construction: Log
  • Waterfront Water Access: Neither

Garage/Parking

  • Garage Carport: Garage-Attached
  • Gar Car Capacity: Three

Condo/Co-op/Association

  • Association: Oaks of Walloon
  • Association: Yes
  • Fees: 1100

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Zoning: residnetial

Tax Info

  • Assessor Parcel Number: 131836325121

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2024
Sold by
Clements Keith Richard and Clements Robin Deal
Bought by
Clements Keith R and Clements Robin D
Current Estimated Value
$958,326

Purchase Details

Listed on
Feb 5, 2024
Closed on
Apr 17, 2024
Sold by
Beeler Daniel and Beeler Sandra
Bought by
Clements Keith Richard and Deal Clements Robin
Seller's Agent
Wendie Keen
@properties Christie’s International Real Estate Harbor Springs
Buyer's Agent
Wendie Keen
@properties Christie’s International Real Estate Harbor Springs
List Price
$1,295,000
Sold Price
$1,225,000
Premium/Discount to List
-$70,000
-5.41%
Views
263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.35%
Original Mortgage
$475,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 1, 2021
Closed on
Dec 10, 2021
Sold by
Witkowski Mark
Bought by
Beeler Daniel and Beeler Sandra
Seller's Agent
Kimberly Kihnke
Bay North Realty Co.
Buyer's Agent
Wendie Keen
@properties Christie’s International Real Estate Harbor Springs
List Price
$849,900
Sold Price
$860,000
Premium/Discount to List
$10,100
1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.25%
Original Mortgage
$846,412
Interest Rate
3.09%
Mortgage Type
VA

Purchase Details

Closed on
Feb 15, 2000
Bought by
Witkowski Mark and Witkowski Nancy
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Clements Keith R -- --
Clements Keith Richard -- --
Beeler Daniel -- --
Witkowski Mark $39,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Clements Keith Richard $475,000
Previous Owner Beeler Daniel $846,412
Previous Owner Witkowski Mark C $359,950
Previous Owner Witkowski Mark C $365,000
Previous Owner Witkowski Mark C $365,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2024 04/19/24 Sold $1,225,000 -5.4% $272 / Sq Ft
02/05/2024 02/05/24 For Sale $1,295,000 +50.6% $288 / Sq Ft
12/12/2021 12/12/21 Sold $860,000 +1.2% $191 / Sq Ft
10/01/2021 10/01/21 For Sale $849,900 -- $189 / 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
2025 $10,494 $555,800 $555,800 $0
2024 $10,494 $458,000 $458,000 $0
2023 $9,641 $430,900 $430,900 $0
2022 $9,641 $413,900 $413,900 $0
2021 $3,677 $243,200 $243,200 $0
2020 $3,619 $249,400 $249,400 $0
2019 -- $248,900 $248,900 $0
2018 -- $222,200 $222,200 $0
2017 -- $178,200 $178,200 $0
2016 -- $171,800 $171,800 $0
2015 -- $169,200 $0 $0
2014 -- $148,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 473037

Northern Michigan MLS

APN: 13-18-36-325-121