NOT LISTED FOR SALE

5625 Resort Pike Rd Petoskey, MI 49770

Estimated Value: $547,711

10 Beds
6 Baths
4,473 Sq Ft
$122/Sq Ft Est. Value

Last Sold April 07, 2017

Last sale price $320,000 $72 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $3,264/month

2 Days on Market

Highlights

  • Wood Frame Window
  • Laundry Room
  • Electric Baseboard Heater
  • Patio

About This Home

As of April 2017

Excellent opportunity to own an income producing property. Property is 100% occupied and rents very easily. Located just south of Petoskey on a wooded lot with easy access to Walloon Lake.

Last Agent to Sell the Property

C.T. Shuman

Real Estate One Listed on: 03/20/2017

Real Estate One

Last Buyer's Agent

Ethan Swiger

Real Estate One

Real Estate One

Property Details

Home Type

  • Multi-Family

Lot Details

  • 1.59

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 4,473 Sq Ft Home
  • Vinyl Clad Windows
  • Wood Frame Window
  • Crawl Space
  • Range
  • Laundry Room

Utilities

  • Electric Baseboard Heater
  • Well
  • Septic System
  • Cable TV Available

Additional Features

  • Patio
  • Ground Level

Community Details

  • 6 Units
  • 6 Separate Electric Meters

Listing and Financial Details

  • Assessor Parcel Number 13-18-36-300-009

Property Details

Home Type

Multi-Family

Lot Details

1.59 Acres

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multifamily
  • Type 2: Apartments
  • Lvt Date: 03/20/2017
  • Section: 36
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Features: Cable, Range, Refrigerator
  • Basement: Crawl, Slab
  • Total Sq Ft: 4473
  • Above Grade Finished Sq Ft: 4473
  • Windows: Wood Sash, Vinyl
  • Laundry Room: Y

Exterior Features

  • Construction: Wood Frame
  • Roof: Asphalt Shingles
  • Waterfront Water Access: Neither

Garage/Parking

  • Number Garage Stalls: 2

Utilities

  • Heat Type: Electric Baseboard
  • Sewer: Septic
  • Water: Well
  • Number Electric Meters: 6
  • Number Water Heaters: 6

Lot Info

  • Zoning: RT FF

Tax Info

  • Assessor Parcel Number: 13-18-36-300-009

Multi Family

  • Number Of Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2017
Closed on
Apr 7, 2017
Sold by
Furgeson Roger D and Furgeson Jacqueline
Bought by
B & S Rental Llc
Seller's Agent
C.T. Shuman
Real Estate One
Buyer's Agent
Ethan Swiger
Real Estate One
List Price
$339,900
Sold Price
$320,000
Premium/Discount to List
-$19,900
-5.85%
Current Estimated Value
$547,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,711
Avg. Annual Appreciation
6.19%
Original Mortgage
$240,000
Interest Rate
4.21%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 19, 2004
Sold by
Blandford Matthew J and Blandford Nancy A
Bought by
Furgeson Roger D and Furgeson Jacqueline

Purchase Details

Closed on
Oct 1, 2003
Sold by
Legrand Linda
Bought by
Blandford Matthew J and Blandford Nancy A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
B & S Rental Llc $320,000 Talon Title
Furgeson Roger D $300,000 --
Blandford Matthew J $295,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed B & S Rental Llc $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2017 04/07/17 Sold $320,000 -5.9% $72 / Sq Ft
03/22/2017 03/22/17 Pending -- -- --
03/20/2017 03/20/17 For Sale $339,900 -- $76 / Sq Ft
Source: Northern Michigan MLS

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 $4,590 $171,600 $11,900 $159,700
2024 $12 $148,200 $11,900 $136,300
2023 $4,174 $129,200 $7,600 $121,600
2022 $4,174 $121,400 $8,000 $113,400
2021 $4,027 $115,000 $0 $115,000
2020 $3,967 $112,500 $0 $112,500
2019 -- $94,700 $13,600 $81,100
2018 -- $93,000 $13,600 $79,400
2017 -- $99,300 $13,600 $85,700
2016 -- $99,200 $13,600 $85,600
2015 -- $96,800 $0 $0
2014 -- $91,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C.T. Shuman

    Seller's Agent in 2017

    C.T. Shuman

    Real Estate One

    (231) 838-4200

    129 Total Sales

    C.T. Shuman
    Section Image
  • Ethan Swiger

    Buyer's Agent in 2017

    Ethan Swiger

    Real Estate One

    (231) 881-6263

    111 Total Sales

    Ethan Swiger
    Section Image
See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 450960

Northern Michigan MLS

APN: 13-18-36-300-009

Michigan Emmet County Petoskey 49770

5625 Resort Pike Rd, Petoskey, MI

Not Listed for Sale

MultiFamily

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.

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