NOT LISTED FOR SALE

575 E Lake St Unit 1 Petoskey, MI 49770

Estimated Value: $261,044 - $319,000

2 Beds
1 Bath
800 Sq Ft
$254/mo HOA Fee

Last Sold December 19, 2022

Last sale price $234,900 $294 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,024/month

1 Day on Market

Highlights

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

About This Home

As of December 2022

This is a perfect location. Walk to restaurants and shops, waterfront and marina. Main floor unit with two secure entrances. This unit is in immaculate condition with many new upgrades. Newer windows with new shades. White Oak wood floors just refinished. Completely new paint, including the ceilings. New baseboard trim. New door hinges and knobs. Remodeled bathroom with a tile shower. Remodeled kitchen includes quartz counter tops and new flooring. This unit is unique in that it has stack washer/dryer in the unit. Also access to the community laundry. Enjoy a storage locker and one car garage.

Last Agent to Sell the Property

Carol Fay

Coldwell Banker Schmidt - Petoskey Listed on: 11/20/2022

Coldwell Banker Schmidt - Petoskey

Co-Listed By

Sharon Pressey

Coldwell Banker Schmidt - Petoskey

Last Buyer's Agent

Kristin McDonald

Harbor Sotheby's International Rlty - Harbor Sprgs

Harbor Sotheby's International Rlty - Harbor Sprgs

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,224

Year Built

  • Built in 1961

Lot Details

  • 784

HOA Fees

  • $254 Monthly HOA Fees

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 800 Sq Ft Home
  • Vinyl Clad Windows
  • Insulated Windows
  • Living Room
  • Dining Room
  • Home Security System

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Driveway

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • Cable TV Available

Community Details

  • Lake Terrace Association

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-103-101

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,224

Year Built

Built in 1961

Lot Details

0

HOA Fees

$254 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1961
  • Lvt Date: 11/21/2022
  • Section: 5
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1961

Interior Features

  • Features: Cable, Dishwasher, Dryer, Paved Drive, Range, Refrigerator, Washer, Security System, Paved Road
  • Total Finished Sq Ft: 800
  • Master Bedroom: Dimensions: 12'3" x 14', On Level: Main
  • Bedroom 2: Dimensions: 11'8" x 12'8", On Level: Main
  • Bedroom 3: On Level: N/A
  • Bedroom 4: On Level: N/A
  • Total Rooms: 6
  • Dining Room: Dimensions: Combo, On Level: Main
  • Kitchen: Dimensions: 8'9" x 11'6", On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 12' x 21', On Level: Main
  • Above Grade Finished Sq Ft: 800
  • Bathroom 1: Dimensions: 5' x 8'10", 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
  • Waterfront Water Access: Neither

Garage/Parking

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

Utilities

  • Heat: Incl
  • Heat Type: Natural Gas, Hot Water Baseboard
  • Water: City

Condo/Co-op/Association

  • Association: Lake Terrace
  • Association: Yes
  • Condo Unit Number: #1
  • Condo: Yes
  • Fees: $254

Schools

  • School District: Petoskey

Lot Info

  • Zoning: R-2

Tax Info

  • Assessor Parcel Number: 52-19-05-103-101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2022
Closed on
Dec 19, 2022
Sold by
Curtis Ingrid
Bought by
Clark Kathryn N
Seller's Agent
Carol Fay
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Kristin McDonald
Harbor Sotheby's International Rlty - Harbor Sprgs
List Price
$234,900
Sold Price
$234,900
Views
65
Current Estimated Value
$289,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,611
Avg. Annual Appreciation
8.21%

Purchase Details

Closed on
Feb 25, 2022
Sold by
Curtis Ingrid and Curtis Y
Bought by
Curtis Ingrid and Curtis Y

Purchase Details

Listed on
Aug 20, 2021
Closed on
Oct 1, 2021
Sold by
Mead Arlene L Corrine L
Bought by
Curtis Ingrid
Seller's Agent
Marshall Dines
RE/MAX Lighthouse
Buyer's Agent
. Non Mls Member
NON MLS Member
List Price
$199,900
Sold Price
$199,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.10%
Original Mortgage
$129,935
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2012
Sold by
Mead Arlene L
Bought by
Mead Arlene L

Purchase Details

Closed on
Mar 5, 1998
Sold by
Rettstadt Charles W and Rettstadt Christin
Bought by
Mead Arlene L

Purchase Details

Closed on
Aug 1, 1989
Bought by
Rettstadt

Purchase Details

Closed on
Jul 1, 1985
Bought by
Wilson

Purchase Details

Closed on
Nov 1, 1980
Bought by
Jaybar Inv Co
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
Clark Kathryn N $234,900 Talon Title Agency
Curtis Ingrid -- --
Curtis Ingrid $199,900 --
Mead Arlene L $10,000 --
Mead Arlene L $45,000 --
Rettstadt -- --
Wilson $37,600 --
Jaybar Inv Co $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Curtis Ingrid $129,935
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2022 12/19/22 Sold $234,900 0.0% $294 / Sq Ft
11/20/2022 11/20/22 For Sale $234,900 +17.5% $294 / Sq Ft
10/05/2021 10/05/21 Sold $199,900 0.0% $250 / Sq Ft
10/04/2021 10/04/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $199,900 -- $250 / 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 $2,224 $85,200 $85,200 $0
2024 $2,224 $83,800 $83,800 $0
2023 $1,991 $61,400 $61,400 $0
2022 $1,991 $57,100 $57,100 $0
2021 $1,780 $54,000 $54,000 $0
2020 $1,784 $54,000 $54,000 $0
2019 -- $52,900 $52,900 $0
2018 -- $42,500 $42,500 $0
2017 -- $42,700 $42,700 $0
2016 -- $39,200 $39,200 $0
2015 -- $38,800 $0 $0
2014 -- $30,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carol Fay

    Seller's Agent in 2022

    Carol Fay

    Coldwell Banker Schmidt - Petoskey

    (231) 330-0876

    23 in this area

    73 Total Sales

    Section Image

  • S

    Seller Co-Listing Agent in 2022

    Sharon Pressey

    Coldwell Banker Schmidt - Petoskey

    Section Image
  • Kristin McDonald

    Buyer's Agent in 2022

    Kristin McDonald

    Harbor Sotheby's International Rlty - Harbor Sprgs

    (231) 526-9889

    7 in this area

    54 Total Sales

    Section Image

  • M

    Seller's Agent in 2021

    Marshall Dines

    RE/MAX

    Section Image

  • .

    Buyer's Agent in 2021

    . Non Mls Member

    NON MLS Member

See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 470036

Northern Michigan MLS

APN: 52-19-05-103-101

Michigan Emmet County Petoskey 49770

575 E Lake St Unit 1, Petoskey, MI

This home is located at 575 E Lake St Unit 1, Petoskey, MI 49770 since 20 November 2022 and is currently estimated at $289,511, approximately $361 per square foot. This property was built in 1961. 575 E Lake St Unit 1 is a home located in Emmet County with nearby schools including Petoskey High School, St. Francis Xavier School, and Petoskey Montessori Children's.

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