NOT LISTED FOR SALE

575 E Lake St Unit 6 Petoskey, MI 49770

Estimated Value: $218,638 - $358,000

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. 143% increase in value since last sale

Current estimated payment $1,861/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

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

Year Built

Built in 1981

Lot Details

0.41 Acres

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.
  • 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
  • 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: Yes
  • Fees: 219

Schools

  • 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
$272,660

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
12.72%
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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

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 $27 $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

    13 in this area

    58 Total Sales

    Dave Carlson
    Section Image
  • David Shuman

    Seller's Agent in 2013

    David Shuman

    Bay North Realty Co.

    (231) 622-3235

    48 in this area

    151 Total Sales

    David Shuman
    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

Not Listed for Sale

Condos

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