NOT LISTED FOR SALE

5625 Resort Pike Rd Petoskey, MI 49770

Petoskey Area

Estimated Value: $555,382

10 Beds
6 Baths
4,473 Sq Ft
$124/Sq Ft Est. Value

Sale Details

Date Sold: April 7, 2017

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

Est. 74% increase in value since last sale

Current estimated payment $3,441 / mo

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

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

  • 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

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
Mar 20, 2017
Closed on
Apr 7, 2017
Sold by
Bought by
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
$555,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,382
Avg. Annual Appreciation
6.09%
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
Bought by

Purchase Details

Closed on
Oct 1, 2003
Sold by
Bought by
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
$320,000 Talon Title
$300,000 --
$295,000 --
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
Open $2,268,390
Closed $240,000
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
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

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 $4,590 $174,700 $11,300 $163,400
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 Real Estate Agent - Real Estate One

    Seller's Agent in 2017

    C.T. Shuman

    Real Estate One

    (231) 838-4200

    130 Total Sales

    C.T. Shuman
    Section Image
  • Ethan Swiger Real Estate Agent - Real Estate One

    Buyer's Agent in 2017

    Ethan Swiger

    Real Estate One

    (231) 881-6263

    119 Total Sales

    Ethan Swiger
    Section Image
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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

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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