NOT LISTED FOR SALE

5901 Cincinnati Point Trail Petoskey, MI 49770

Estimated Value: $453,000 - $3,194,349

5 Beds
4.5 Baths
3,800 Sq Ft
$595/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $2,640,000 $695 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $16,217/month

31 Days on Market

Highlights

  • 102 Feet of Waterfront
  • Deck
  • Wood Flooring
  • Docks
  • Cathedral Ceiling
  • Main Floor Primary Bedroom

About This Home

As of May 2023

Presenting 5901 Cincinnati Point Trail, a showcase waterfront home featured in Great Lakes by Design Magazine. Perched on a bluff off Graham Road overlooking Crooked Lake, this luxe cottage features breathtaking infinity lake views from nearly every room. Created in partnership with Edgewater Design, Harbor View Custom Builders, Kitchens by Design and Quiet Moose, the home blends top quality design, finishes, and amenities. No expense was spared, including hickory engineered floors, custom automated blinds, built in sound, and Savant Smart Home, allowing you to control features from anywhere in the world. Weaving together contemporary design with clean, simple, nautical accents, the home is spacious but not pretentious. Enjoy the outdoors to the full with over 1200 sq ft of covered exterior space, multiple gas lines for cooking and fire pits, and a brick paver patio nestled off the kitchen. The kitchen, dining and living space are warm and inviting, boasting Wolf and Subzero appliances, including a convection/steam oven. The home features 2 master suites, 2 additional bedrooms, and a bonus room with a full bath over the extra-tall and wide two stall garage. The elevation changes and 180 degree view infuse the home with natural light and allow for a lower interior level with full bar, dishwasher, and family room wired with theater quality sound. Beautiful landscaping makes the home appear to have grown right out of the bluff. To enjoy your over 100 feet of pristine, sandy water frontage you can take the stairs or drive your new golf cart. Warm up next to one of three, artisan fireplaces. One of the Inland Waterway's most appealing locations due to the quality frontage and proximity to town, this home comes with a very rare second one-acre lot ready for an additional garage or guest home. Photos and video can't capture the impact of the infinity view, this is a home you must experience to fully appreciate. Call for your private appointment today.

Last Agent to Sell the Property

William Winslow

Coldwell Banker Schmidt- Harbor Springs Listed on: 01/29/2023

Coldwell Banker Schmidt- Harbor Springs

Last Buyer's Agent

See agt remarks Non Member Emmet

Emmet Association of Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $47,162

Year Built

  • Built in 2019

Lot Details

  • 1.37 Acre Lot
  • Lot Dimensions are 62 x 210 x 102 x 205
  • 102 Feet of Waterfront
  • Sprinkler System

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 3,800 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Thermal Windows
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Wood Flooring
  • Water Views

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Finished Basement

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

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Docks
  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well

Listing and Financial Details

  • Assessor Parcel Number 14-17-19-301-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$47,162

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2019
  • Lvt Date: 01/29/2023
  • Measurement Source: Builder
  • Section: 19
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2019

Interior Features

  • Features: Built In Microwave, Cathedral Ceilings, Ceiling Fans, Central Air, Deck, Dishwasher, Dock, Dryer, Garbage Disposal, Gas Fireplace, Patio, Paved Drive, Range, Refrigerator, Sprinkler System, Washer, Wood Floors, Paved Road
  • Total Finished Sq Ft: 3800
  • Master Bedroom: Dimensions: 16 x 14.6, On Level: Main
  • Bedroom 2: Dimensions: 14.5 x 12, On Level: Lower
  • Bedroom 3: Dimensions: 14.5 x 9.8, On Level: Lower
  • Bedroom 4: Dimensions: 14.5 x 14.6, On Level: Lower
  • Total Rooms: 9
  • Basement: Full, Walkout, Finished
  • Dining Room: Dimensions: 16 x 14, On Level: Main
  • Kitchen: Dimensions: 16 x 14, On Level: Main
  • Family Room: Dimensions: 20 x 13, On Level: Lower
  • Living Room: Dimensions: 20.5 1/2 x 16.15, On Level: Main
  • Above Grade Finished Sq Ft: 2372
  • Bathroom 1: Dimensions: 13.6 x 17.6, On Level: Main
  • Bathroom 2: Dimensions: 6 x 8, On Level: Main
  • Number Of Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Thermo

Exterior Features

  • Construction: Wood Frame/Site Built, Two Story +
  • Lake: Crooked
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 102
  • Waterfront Water Access: Water Front
  • Water View: Y
  • Wf Separated By Road: Yes
  • 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: Township
  • Water: Well

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 62 x 210 x 102 x 205
  • Estimated Number of Acres: 1.37
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 14-17-19-301-008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2023
Closed on
May 31, 2023
Sold by
Tolchin-Bellino Trust and Tolchin-Bellino Trust
Bought by
Lake Life Hospitality Inc
Seller's Agent
William Winslow
Coldwell Banker Schmidt- Harbor Springs
Buyer's Agent
See agt remarks Non Member Emmet
Emmet Association of Realtors
List Price
$2,590,000
Sold Price
$2,640,000
Premium/Discount to List
$50,000
1.93%
Views
414
Current Estimated Value
$2,259,450

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$380,550
Avg. Annual Appreciation
-7.29%
Original Mortgage
$500,000
Outstanding Balance
$487,687
Interest Rate
6.39%
Mortgage Type
Mortgage Modification
Estimated Equity
$1,738,753

Purchase Details

Closed on
Feb 9, 2021
Sold by
Bellino Mark Tolchin Neal
Bought by
Tolchin-Bellino Trust

Purchase Details

Listed on
Jan 22, 2017
Closed on
Aug 1, 2017
Sold by
Jamerson Frank Edward
Bought by
Bellind Mark and Tolchin Neal
Seller's Agent
William Winslow
Coldwell Banker Schmidt- Harbor Springs
Buyer's Agent
See agt remarks Non Member Emmet
Emmet Association of Realtors
List Price
$275,900
Sold Price
$220,000
Premium/Discount to List
-$55,900
-20.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.17%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Life Hospitality Inc -- Talon Title Agency
Tolchin-Bellino Trust -- --
Bellind Mark -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lake Life Hospitality Inc $500,000
Previous Owner Bellino Mark Tolchin Neal $968,000
Previous Owner Tolchin Neal $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2023 05/31/23 Sold $2,640,000 +1.9% $695 / Sq Ft
01/29/2023 01/29/23 For Sale $2,590,000 +1077.3% $682 / Sq Ft
08/01/2017 08/01/17 Sold $220,000 -20.3% --
07/21/2017 07/21/17 Pending -- -- --
01/22/2017 01/22/17 For Sale $275,900 -- --
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 $47,162 $1,094,700 $1,094,700 $0
2024 $47,162 $1,061,200 $1,061,200 $0
2023 $24,249 $571,900 $571,900 $0
2022 $24,249 $540,900 $540,900 $0
2021 $23,800 $548,400 $548,400 $0
2020 $23,262 $526,500 $526,500 $0
2019 -- $413,100 $413,100 $0
2018 -- $108,600 $108,600 $0
2017 -- $108,100 $108,100 $0
2016 -- $100,200 $100,200 $0
2015 -- $99,800 $0 $0
2014 -- $99,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 470311

Northern Michigan MLS

APN: 14-17-19-301-008