NOT LISTED FOR SALE

575 E Lake St Unit 3 Petoskey, MI 49770

Petoskey Area

Estimated Value: $310,562

2 Beds
1 Bath
792 Sq Ft
784 Sq Ft Lot

Sale Details

Date Sold: February 3, 2023

Last sale price $235,000 $297 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,187 / mo

7 Days on Market

Highlights

  • Water Views
  • 1 Car Detached Garage
  • Living Room
  • First Floor Utility Room
  • Brick or Stone Mason
  • Ceiling Fan

About This Home

As of February 2023

Peeks of Little Traverse Bay from this efficient, two bedroom floor plan featuring hardwood floors (including under the current carpeted areas) and a one car garage, all adjacent to shopping, dining, and entertainment in Petoskey's Historic Gaslight District. The Lake Terrace Condominium Association is well run group of 16 units just one property away from Petoskey’s Central Business District on the way to the Upper East Side, a beautiful residential area known to contain the highest values within the city. With easy access to town, the waterfront, the Little Traverse Wheelway and a west facing view of those famous Petoskey sunsets. This is easy up north living, whether it is year-round, seasonal, or as a weekend getaway. Vacant and easy to see, call Mac today for your personal tour.

Last Agent to Sell the Property

Michael MacCarthy

Gaslight Group Properties Listed on: 01/20/2023

Last Buyer's Agent

Michael MacCarthy

Gaslight Group Properties Listed on: 01/20/2023

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1946

Lot Details

  • 784

HOA Fees

  • $254 Monthly HOA Fees

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 792 Sq Ft Home
  • Ceiling Fan
  • Vinyl Clad Windows
  • Blinds
  • Living Room
  • First Floor Utility Room
  • Water Views

Kitchen

  • Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Upstairs
  • 1 Full Bathroom

Parking

  • 1 Car Detached Garage
  • Driveway

Utilities

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

Community Details

  • Lake Terrace Association

Listing and Financial Details

  • Assessor Parcel Number 24-52-19-05-103-103

Property Details

Home Type

Condominium

Year Built

Built in 1946

Lot Details

784 Sq Ft Lot

HOA Fees

$254 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1946
  • Lvt Date: 01/24/2023
  • Measurement Source: Appraiser
  • Section: 6
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1946

Interior Features

  • Features: Cable, Ceiling Fans, Garbage Disposal, Mini Blinds, Paved Drive, Range, Refrigerator
  • Total Finished Sq Ft: 792
  • Master Bedroom: Dimensions: 11 x 13, On Level: Upper
  • Bedroom 2: Dimensions: 11'9 x 12, On Level: Upper
  • Bedroom 3: On Level: N/A
  • Bedroom 4: On Level: N/A
  • Dining Room: On Level: N/A
  • Kitchen: Dimensions: 9 x 11'8, On Level: Upper
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 12'6 x 21, On Level: Upper
  • Above Grade Finished Sq Ft: 792
  • Bathroom 1: Dimensions: 5 x 8, On Level: Upper
  • Bathroom 2: On Level: N/A
  • Number Of Bedrooms: 2
  • Full Bathrooms: 1
  • Rooms 1: Dimensions: Common Area Laundry, On Level: Main
  • Rooms 2: On Level: N/A
  • Windows: Aluminum, Vinyl

Exterior Features

  • Construction: Brick
  • Waterfront Water Access: Neither
  • Water View: Y

Garage/Parking

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

Utilities

  • Heat Type: Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas

Condo/Co-op/Association

  • Association: Lake Terrace
  • Association: Yes
  • Condo: Yes
  • Fees: 254

Lot Info

  • Estimated Lot Dimensions: Master Deed
  • Lot: Y
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 24-52-19-05-103-103

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
Jan 20, 2023
Closed on
Feb 2, 2023
Sold by
Bought by
Seller's Agent
Michael MacCarthy
Gaslight Group Properties
Buyer's Agent
Michael MacCarthy
Gaslight Group Properties
List Price
$229,000
Sold Price
$235,000
Premium/Discount to List
$6,000
2.62%
Views
47
Current Estimated Value
$310,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,562
Avg. Annual Appreciation
8.44%

Purchase Details

Closed on
Jun 2, 2006
Bought by

Purchase Details

Closed on
Mar 31, 2003
Sold by
Bought by

Purchase Details

Closed on
Apr 1, 1997
Bought by

Purchase Details

Closed on
Dec 1, 1996
Bought by

Purchase Details

Closed on
Jul 1, 1992
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
$235,000 --
$82,500 --
-- --
-- --
$43,000 --
$37,500 --
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
02/03/2023 02/03/23 Sold $235,000 +2.6% $297 / Sq Ft
01/20/2023 01/20/23 For Sale $229,000 -- $289 / 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 $2,891 $88,200 $88,200 $0
2025 $2,891 $85,200 $85,200 $0
2024 $13 $83,800 $83,800 $0
2023 $1,832 $61,400 $61,400 $0
2022 $1,832 $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

  • Michael MacCarthy

    Seller's Agent in 2023

    Michael MacCarthy

    Gaslight Group Properties

    (231) 838-7700

    172 Total Sales

    Michael MacCarthy
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Map

Source: Northern Michigan MLS

MLS Number: 470281

Northern Michigan MLS

APN: 52-19-05-103-103

Michigan Emmet County Petoskey 49770

575 E Lake St Unit 3, 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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