NOT LISTED FOR SALE

5657 Cherry Ct Petoskey, MI 49770

Estimated Value: $489,000 - $1,074,327

6 Beds
4.5 Baths
4,468 Sq Ft
$188/Sq Ft Est. Value

Last Sold January 11, 2024

Last sale price $781,000 $175 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,061/month

50 Days on Market

Highlights

  • Deck
  • Main Floor Primary Bedroom
  • First Floor Utility Room
  • Wood Flooring
  • Whirlpool Bathtub
  • Thermal Windows

About This Home

As of January 2024

This beautiful home is located at the end of a cul-de-sac in the sought-after Oaks of Walloon! Nestled amongst the trees and just a little over a mile from Walloon Lake Access, you can enjoy boating, swimming, and fishing all summer long. The main level offers a large living room with hardwood floors and a stone fireplace and is opening to the dining area that gives access to the expansive back deck where you can enjoy your morning coffee or grill out on those beautiful summer nights. The kitchen boasts custom cabinetry, granite counter tops, as well as a wet bar and butler’s pantry. The formal dining room will host the entire family for all of your celebrations and holiday dinners. The main level master suite includes a large soaking tub, tile shower, his and her sinks, and large walk in closet. Upstairs are four large bedrooms, two full baths, and sitting area. The walkout lower level has a massive family room with projector for movie nights or watching the game, a bar that is perfect for entertaining, a bedroom and full bath for guests. You are in close proximity to year-round activities with many ski resorts just a short drive away, as well as downtown Petoskey, Charlevoix, and Boyne City.

Last Agent to Sell the Property

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC Listed on: 11/22/2023

Last Buyer's Agent

Geno D'angelo

Real Broker

Real Broker

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,667

Lot Details

  • Sprinkler System
  • Property is zoned RT FF

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 4,468 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Thermal Windows
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Wood Flooring

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Car Attached Garage
  • Driveway

Outdoor Features

  • Deck
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Natural Gas Water Heater
  • Septic System
  • Cable TV Available

Community Details

  • Oaks Of Walloon Association

Listing and Financial Details

  • Assessor Parcel Number 13-18-36-325-105

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,667

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 11/22/2023
  • Section: 5
  • Second Address Number: 5657
  • Directions: US 31 to Resort Pike, left on Rosewood Lane, left on Cherry Court.
  • Price per Sq Ft: 174.8
  • OFFICELIST_STATE: MI
  • Street Designation: Court
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Built In Microwave, Cable, Ceiling Fans, Central Air, Deck, Dishwasher, Dryer, Garbage Disposal, Gas Fireplace, Paved Drive, Range, Refrigerator, Sprinkler System, Washer, Whirl Pool, Wood Floors
  • Total Finished Sq Ft: 4468
  • Master Bedroom: Dimensions: 16x13, On Level: Main
  • Bedroom 2: Dimensions: 11x15, On Level: Upper
  • Bedroom 3: Dimensions: 15x11, On Level: Upper
  • Bedroom 4: Dimensions: 14x17, On Level: Upper
  • Total Rooms: 14
  • Basement: Full, Walkout, Finished
  • Dining Room: Dimensions: 11x14, On Level: Main
  • Kitchen: Dimensions: 11x13, On Level: Main
  • Family Room: Dimensions: 18x22, On Level: Lower
  • Living Room: Dimensions: 18x22, On Level: Main
  • Above Grade Finished Sq Ft: 3100
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Thermo, Pella

Exterior Features

  • Construction: Wood Frame/Site Built, Two Story +
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Garage/Parking

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

Utilities

  • Heat Type: Natural Gas, Forced Air
  • Sewer: Septic
  • Water: Well
  • Water Heater: Natural Gas

Condo/Co-op/Association

  • Association: Oaks of Walloon
  • Association: Yes
  • Fees: 500

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Zoning: RT FF

Tax Info

  • Assessor Parcel Number: 13-18-36-325-105

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2023
Closed on
Jan 10, 2024
Sold by
Somers Melissa L and Somers Gregory P
Bought by
Walker Mark Kennedy
Seller's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Geno D'angelo
Real Broker
List Price
$799,000
Sold Price
$781,000
Premium/Discount to List
-$18,000
-2.25%
Views
335
Current Estimated Value
$841,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,082
Avg. Annual Appreciation
4.65%
Original Mortgage
$370,000
Outstanding Balance
$364,207
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$476,875

Purchase Details

Closed on
May 18, 2011
Sold by
Barnard Sean
Bought by
Somers Melissa L and Somers Gregory P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
4.75%

Purchase Details

Closed on
May 30, 2008
Sold by
Schrel John and Schrel Christin
Bought by
Barnard Sean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.09%

Purchase Details

Closed on
Mar 28, 2005
Sold by
Peterson Todd R and Watson David R
Bought by
Schrei John and Schrei Christin

Purchase Details

Closed on
Jun 3, 2004
Bought by
Peterson Todd R and Watson David R

Purchase Details

Closed on
Jul 15, 2002
Sold by
Swaby Sheila M
Bought by
Woods & Waterways Dev Llc

Purchase Details

Closed on
Oct 1, 1997
Bought by
Swaby New
Source: Public Records

Range of Values:

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Average Value
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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
Walker Mark Kennedy -- Crossroads Title
Somers Melissa L $495,000 --
Barnard Sean -- --
Schrei John $585,000 --
Peterson Todd R -- --
Woods & Waterways Dev Llc $41,000 --
Swaby New $33,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walker Mark Kennedy $370,000
Previous Owner Somers Melissa L $400,000
Previous Owner Somers Melissa L $81,871
Previous Owner Somers Gregory P $395,000
Previous Owner Somers Melissa L $495,000
Previous Owner Barnard Sean $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2024 01/11/24 Sold $781,000 -2.3% $175 / Sq Ft
11/22/2023 11/22/23 For Sale $799,000 -- $179 / 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 $5,667 $370,000 $370,000 $0
2024 $5,667 $364,200 $364,200 $0
2023 $5,162 $342,600 $342,600 $0
2022 $5,162 $275,700 $275,700 $0
2021 $4,968 $247,200 $247,200 $0
2020 $4,890 $253,300 $253,300 $0
2019 -- $254,000 $254,000 $0
2018 -- $241,100 $241,100 $0
2017 -- $239,900 $239,900 $0
2016 -- $231,600 $231,600 $0
2015 -- $231,000 $0 $0
2014 -- $201,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 472711

Northern Michigan MLS

APN: 13-18-36-325-105