NOT LISTED FOR SALE

575 E Lake St Unit 6 Petoskey, MI 49770

Estimated Value: $204,000 - $272,000

1 Bed
1 Bath
641 Sq Ft
$219/mo HOA Fee

Last Sold September 14, 2018

Last sale price $112,000 $175 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $1,783/month

5 Days on Market

Highlights

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

About This Home

As of September 2018

This one bedroom condo commands one of Petoskey's best locations at a great price. With low association dues, a detached garage, bonus storage space, laundry on property, and great views of the city and Little Traverse Bay, this condo is a great opportunity for the buyer wanting to enjoy a great neighborhood just on the edge of the Petoskey business district. The city and waterfront are just a few steps out your door. Condo is being offered furnished. Pets allowed. No showings prior to Saturday, July 21st. An open house is scheduled that day from 10-2. Offers presented prior to the 21st will receive a response on that day.

Last Agent to Sell the Property

Dave Carlson

Kidd & Leavy Real Estate Co. LLC Listed on: 07/16/2018

Last Buyer's Agent

Dave Carlson

Kidd & Leavy Real Estate Co. LLC Listed on: 07/16/2018

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,855

Year Built

  • Built in 1981

Lot Details

  • 0.41

HOA Fees

  • $219 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Home Design

  • Brick or Stone Mason
  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 641 Sq Ft Home
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Water Views

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Utilities

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

Community Details

  • Lake Terrace Association

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-103-106

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,855

Year Built

Built in 1981

Lot Details

0

HOA Fees

$219 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1981
  • Lvt Date: 07/16/2018
  • Section: 5
  • Second Address Number: 575
  • Directions: Corner of E Lake and Williams. Doors, front or back, are the ones closest to the corner.
  • Price per Sq Ft: 174.73
  • OFFICELIST_STATE: MI
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1981

Interior Features

  • Features: Cable, Dishwasher, Garbage Disposal, Range, Refrigerator
  • Total Finished Sq Ft: 641
  • Master Bedroom: Dimensions: 11 x 13.2, On Level: Main
  • Bedroom 2: On Level: N/A
  • Bedroom 3: On Level: N/A
  • Bedroom 4: On Level: N/A
  • Total Rooms: 4
  • Dining Room: Dimensions: 8.6 x 12, On Level: Main
  • Kitchen: Dimensions: 8 x 12.3, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 11.8 x 11.6, On Level: Main
  • Above Grade Finished Sq Ft: 641
  • Bathroom 1: Dimensions: 5 x 7, On Level: Main
  • Bathroom 2: On Level: N/A
  • Number Of Bedrooms: 1
  • Full Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A

Exterior Features

  • Construction: Brick, Wood Frame/Site Built
  • Lake: Michigan
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither
  • Water View: Y

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: Lake Terrace
  • Association: Yes
  • Condo Unit Number: 6
  • Condo: Yes
  • Fees: 219

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 52-19-05-103-106

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2019
Sold by
Patrick Emma Elizabeth
Bought by
Brandonisio Joseph and Brandonisio Diane M
Current Estimated Value
$242,157

Purchase Details

Listed on
Jul 16, 2018
Closed on
Sep 14, 2018
Sold by
Vercler Joel M and Vercler Nancy
Bought by
Patrick Emma E
Seller's Agent
Dave Carlson
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Dave Carlson
Kidd & Leavy Real Estate Co. LLC
List Price
$109,900
Sold Price
$112,000
Premium/Discount to List
$2,100
1.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.30%
Original Mortgage
$108,640
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Listed on
Jun 10, 2013
Closed on
Jul 1, 2013
Sold by
Buchbinder Emil and Mair Anne Elise
Bought by
Vercler Joel M and Vercler Nancy
Seller's Agent
David Shuman
Bay North Realty Co.
Buyer's Agent
Dave Carlson
Kidd & Leavy Real Estate Co. LLC
List Price
$79,900
Sold Price
$78,000
Premium/Discount to List
-$1,900
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%

Purchase Details

Closed on
Mar 16, 2001
Sold by
Leitelt Garrick A and Leitelt Malinda R
Bought by
Buchbinder Emil

Purchase Details

Closed on
Sep 22, 2000
Sold by
Witkowski Mark C
Bought by
Leitelt Garrick A and Leitelt Malinda R

Purchase Details

Closed on
Oct 1, 1992
Bought by
Witkowski
Source: Public Records

Range of Values:

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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
Brandonisio Joseph -- --
Patrick Emma E $112,000 --
Vercler Joel M $78,000 --
Buchbinder Emil $55,000 --
Leitelt Garrick A $46,500 --
Witkowski $33,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patrick Emma E $108,640
Previous Owner Buchbinder Emil $49,608
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2018 09/14/18 Sold $112,000 +1.9% $175 / Sq Ft
07/16/2018 07/16/18 For Sale $109,900 +40.9% $171 / Sq Ft
07/01/2013 07/01/13 Sold $78,000 -2.4% $122 / Sq Ft
07/01/2013 07/01/13 Pending -- -- --
06/10/2013 06/10/13 For Sale $79,900 -- $125 / 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 $2,855 $72,100 $72,100 $0
2024 $2,855 $72,800 $72,800 $0
2023 $2,600 $53,900 $53,900 $0
2022 $2,600 $50,200 $50,200 $0
2021 $2,526 $47,600 $47,600 $0
2020 $2,568 $47,600 $47,600 $0
2019 -- $46,600 $46,600 $0
2018 -- $38,600 $38,600 $0
2017 -- $38,800 $38,800 $0
2016 -- $38,200 $38,200 $0
2015 -- $33,900 $0 $0
2014 -- $27,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dave Carlson

    Seller's Agent in 2018

    Dave Carlson

    Kidd & Leavy Real Estate Co. LLC

    (231) 342-3317

    12 in this area

    54 Total Sales

    Section Image
  • David Shuman

    Seller's Agent in 2013

    David Shuman

    Bay North Realty Co.

    (231) 622-3235

    58 in this area

    162 Total Sales

    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 455984

Northern Michigan MLS

APN: 52-19-05-103-106

Michigan Emmet County Petoskey 49770

575 E Lake St Unit 6, Petoskey, MI

This home is located at 575 E Lake St Unit 6, Petoskey, MI 49770 since 16 July 2018 and is currently estimated at $234,714, approximately $366 per square foot. This property was built in 1981. 575 E Lake St Unit 6 is a home located in Emmet County with nearby schools including Petoskey High School, St. Francis Xavier School, and Petoskey Montessori Children's.

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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