NOT LISTED FOR SALE

5774 Lake Grove Rd Petoskey, MI 49770

Estimated Value: $4,991,894 - $5,346,000

5 Beds
4.5 Baths
6,879 Sq Ft
$751/Sq Ft Est. Value

Last Sold January 09, 2023

Last sale price $3,860,000 $561 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $35,616/month

Highlights

  • 100 Feet of Waterfront
  • Deck
  • First Floor Utility Room
  • Docks
  • Main Floor Primary Bedroom
  • Wood Frame Window

About This Home

As of January 2023

Stunning views up the West Arm of Walloon Lake from this charming home along Lake Grove Road.

Last Agent to Sell the Property

Wally Kidd

Kidd & Leavy Real Estate Co. LLC Listed on: 01/05/2023

Last Buyer's Agent

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $97,250

Lot Details

  • 100 Feet of Waterfront
  • Property is zoned RT RR

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 6,879 Sq Ft Home
  • Wood Burning Fireplace
  • Wood Frame Window
  • Family Room on Second Floor
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Water Views
  • Home Security System

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Basement

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

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Docks
  • Deck

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 13-18-35-352-002

Home Details

Home Type

Single Family

Est. Annual Taxes

$97,250

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 01/09/2023
  • Measurement Source: Appraiser
  • Personal Prop Inc: Y
  • Section: 35
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Built In Microwave, Cable, Central Air, Deck, Dishwasher, Dock, Dryer, Garbage Disposal, Paved Drive, Range, Refrigerator, Washer, Wood Fireplace, Security System
  • Total Finished Sq Ft: 6879
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Total Rooms: 11
  • Basement: Block, Full, Walkout
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Upper
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 4641
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Main
  • Number Of Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Rooms 1: On Level: Upper
  • Rooms 2: On Level: Main
  • Windows: Wood Sash, Pella

Exterior Features

  • Construction: Wood Frame/Site Built
  • Lake: Walloon
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 100
  • Waterfront Water Access: Water Front
  • Water View: Y
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

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

Utilities

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

Schools

  • School District: Petoskey

Lot Info

  • Zoning: RT RR

Tax Info

  • Assessor Parcel Number: 13-18-35-352-002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2023
Closed on
Dec 28, 2022
Sold by
Maguire Mary Jo Trust and Mary Jo Maguire Revocable Trust
Bought by
Lake Grove Properties Llc
Seller's Agent
Wally Kidd
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
List Price
$3,860,000
Sold Price
$3,860,000
Current Estimated Value
$5,168,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,308,947
Avg. Annual Appreciation
11.29%
Original Mortgage
$2,000,000
Outstanding Balance
$1,756,289
Interest Rate
5.67%
Mortgage Type
New Conventional
Estimated Equity
$3,412,658

Purchase Details

Closed on
Sep 21, 2012
Sold by
Maguire Mary Jo and Maguire Bruce J
Bought by
The Revocable Trust Of Mary Jo Maguire U

Purchase Details

Closed on
Oct 22, 2010
Sold by
Maguire Bruce J and Maguire Mary Jo
Bought by
Revocable Trust Of Mary Jo Maguire Uad M

Purchase Details

Closed on
Oct 16, 2004
Sold by
Maguire Bruce J and Jo Mary
Bought by
Maguire Mary Jo Rev Trust

Purchase Details

Closed on
Oct 15, 2004
Sold by
Macksood Judith A and Macksood Albert J
Bought by
Maguire Bruce J and Mary Jo

Purchase Details

Closed on
Apr 9, 1998
Bought by
Macksood Albert J and Macksood Judith A

Purchase Details

Closed on
Jun 1, 1984
Bought by
Sager
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lake Grove Properties Llc -- Crossroads Title
The Revocable Trust Of Mary Jo Maguire U -- --
Maguire Mary Jo $70,000 --
Revocable Trust Of Mary Jo Maguire Uad M -- --
Maguire Bruce J -- --
Maguire Mary Jo Rev Trust -- --
Maguire Bruce J -- --
Macksood Albert J -- --
Sager $87,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lake Grove Properties Llc $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2023 01/09/23 Sold $3,860,000 0.0% $561 / Sq Ft
01/05/2023 01/05/23 For Sale $3,860,000 -- $561 / Sq Ft
10/25/2022 10/25/22 Pending -- -- --
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 $97,250 $2,412,600 $2,412,600 $0
2024 $97,250 $2,360,800 $2,360,800 $0
2023 $19,814 $2,209,300 $2,209,300 $0
2022 $19,814 $1,255,400 $1,255,400 $0
2021 $19,069 $1,169,700 $1,169,700 $0
2020 $33,387 $1,104,300 $1,104,300 $0
2019 -- $1,026,600 $1,026,600 $0
2018 -- $1,026,600 $1,026,600 $0
2017 -- $958,100 $958,100 $0
2016 -- $924,900 $924,900 $0
2015 -- $866,000 $0 $0
2014 -- $776,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wally Kidd

    Seller's Agent in 2023

    Wally Kidd

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-2700

    171 Total Sales

    Wally Kidd
    Section Image
  • Patrick Leavy

    Buyer's Agent in 2023

    Patrick Leavy

    Kidd & Leavy Real Estate Co. LLC

    (231) 881-6639

    382 Total Sales

    Patrick Leavy
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 470220

Northern Michigan MLS

APN: 13-18-35-352-002

Michigan Emmet County Petoskey 49770

5774 Lake Grove Rd, Petoskey, MI

This home is located at 5774 Lake Grove Rd, Petoskey, MI 49770 since 05 January 2023 and is currently estimated at $5,168,947, approximately $751 per square foot. 5774 Lake Grove Rd is a home located in Emmet County with nearby schools including Petoskey High School.

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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