NOT LISTED FOR SALE

565 E Lake St Unit 8 Petoskey, MI 49770

Estimated Value: $263,308 - $356,000

2 Beds
1 Bath
768 Sq Ft
-- Built

Last Sold September 20, 2017

Last sale price $100,000 $130 Per Sq Ft

Est. 214% increase in value since last sale

Current estimated payment $1,884/month

32 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Brick or Stone Mason
  • 4-minute walk to Pennsylvania Park
  • 1 Car Detached Garage
  • Living Room

About This Home

As of September 2017

Located just one block from the Crooked Tree Arts Center and Petoskey’s Gaslight District, this well maintained, two bedrooms, one bath condo offers views of downtown and a peak of Little Traverse Bay. A one car garage is included. Community features onsite laundry facilities and storage room. Unit is being sold fully furnished.

Last Agent to Sell the Property

Jeff Patton

Coldwell Banker Schmidt - Petoskey Listed on: 08/07/2017

Coldwell Banker Schmidt - Petoskey

Last Buyer's Agent

Tammy Hutchinson

Alpine Realty Group

Property Details

Home Type

  • Condominium

Home Design

  • Brick or Stone Mason
  • Asphalt Shingled Roof

Interior Spaces

  • 768 Sq Ft Home
  • Vinyl Clad Windows
  • Insulated Windows
  • Blinds
  • Living Room

Kitchen

  • Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Parking

  • 1 Car Detached Garage
  • Driveway

Utilities

  • Hot Water Baseboard Heater
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • Property has a Home Owners Association
  • Lake Terrace Association

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-103-108

Property Details

Home Type

Condominium

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 08/09/2017
  • Measurement Source: Agent
  • Section: 5
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Features: Garbage Disposal, Mini Blinds, Paved Drive, Range, Refrigerator
  • Total Finished Sq Ft: 768
  • Master Bedroom: Dimensions: 12 x 12, On Level: Main
  • Bedroom 2: Dimensions: 10.6 x 12.6, 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 9, 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
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Garage/Parking

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

Utilities

  • 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: Yes
  • Fees: $244m

Lot Info

  • Zoning: R-2

Tax Info

  • Assessor Parcel Number: 52-19-05-103-108

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2019
Sold by
Malow William R
Bought by
Villarreal Orlando and Villarreal Martha
Current Estimated Value
$314,327

Purchase Details

Listed on
Aug 7, 2017
Closed on
Sep 20, 2017
Sold by
Hawkins Ronald F
Bought by
Marlow William
Seller's Agent
Jeff Patton
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Tammy Hutchinson
Alpine Realty Group
List Price
$119,900
Sold Price
$100,000
Premium/Discount to List
-$19,900
-16.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.80%

Purchase Details

Closed on
Oct 1, 1985
Sold by
Jaybar Inv Mort $27000
Bought by
Bryan 81 Land Cont
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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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
Villarreal Orlando $115,000 --
Marlow William $100,000 Talon Title
Bryan 81 Land Cont $39,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2017 09/20/17 Sold $100,000 -16.6% $130 / Sq Ft
09/08/2017 09/08/17 Pending -- -- --
08/07/2017 08/07/17 For Sale $119,900 -- $156 / 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 $2,903 $73,600 $73,600 $0
2024 $2,903 $74,000 $74,000 $0
2023 $2,644 $54,700 $54,700 $0
2022 $2,644 $51,000 $51,000 $0
2021 $2,568 $48,400 $48,400 $0
2020 $2,611 $48,400 $48,400 $0
2019 -- $47,400 $47,400 $0
2018 -- $38,500 $38,500 $0
2017 -- $38,700 $38,700 $0
2016 -- $38,100 $38,100 $0
2015 -- $33,800 $0 $0
2014 -- $27,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Patton

    Seller's Agent in 2017

    Jeff Patton

    Coldwell Banker Schmidt - Petoskey

    (231) 881-9019

    3 in this area

    33 Total Sales

    Jeff Patton
    Section Image
  • Tammy Hutchinson

    Buyer's Agent in 2017

    Tammy Hutchinson

    Alpine Realty Group

    (231) 838-2071

    10 in this area

    33 Total Sales

    Tammy Hutchinson
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 452924

Northern Michigan MLS

APN: 52-19-05-103-108

Michigan Emmet County Petoskey 49770

565 E Lake St Unit 8, Petoskey, MI

Not Listed for Sale

Condos

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