NOT LISTED FOR SALE

602 Jennings Ave Petoskey, MI 49770

Estimated Value: $79,032 - $88,000

1.12 Acres
$74,568 Price per Acre
48,787 Sq Ft Lot

Last Sold May 09, 2017

Last sale price $46,000

Est. 82% increase in value since last sale

Current estimated payment $606/month

Highlights

  • Landscaped with Trees
  • Level Lot
  • 5-minute walk to Petoskey Art Fair

About This Lot

As of May 2017

Over 1 acre in downtown Petoskey! Walk to schools, stores, the waterfront, and all that Petoskey has to offer. Excellent new construction potential where a previous home once stood. The lot can be divided into two parcels with nearly 75' of road frontage each, or even three separate parcels, allowing for development, or keep it all for one large in town setting with plenty of space.

Last Agent to Sell the Property

Dave Carlson

Kidd & Leavy Real Estate Co. LLC Listed on: 04/19/2016

Last Buyer's Agent

John Russell

Kidd & Leavy Real Estate Co. LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,017

Lot Details

  • 1.12 Acre Lot
  • Lot Dimensions are 149' x 330'
  • Level Lot
  • Landscaped with Trees

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-300-089

Property Details

Property Type

Land

Est. Annual Taxes

$2,017

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Type: Lots/Land
  • Type 2: Lot
  • Lvt Date: 04/20/2016
  • Section: 5
  • Survey: Y
  • Hd Approved: Yes
  • Road Frontage Feet: 149'
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Features: Electric, Phone, Mixed Trees, Natural Gas, Cable TV, City Utilities

Exterior Features

  • Waterfront Water Access: Neither

Utilities

  • Sewer: City
  • Water: City

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 149' x 330'
  • Estimated Number of Acres: 1.12
  • Zoning: Residential
  • Number Of Acres: 1 - 2
  • Terrain: Flat

Tax Info

  • Assessor Parcel Number: 52-19-05-300-089

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2018
Sold by
Miller Joshua
Bought by
Burchfield Lisa
Current Estimated Value
$83,516

Purchase Details

Listed on
Apr 19, 2016
Closed on
May 8, 2017
Sold by
Ternes Rose Mary and Christman Ramussen Teller Oneil
Bought by
Miller Joshua
Seller's Agent
Dave Carlson
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
John Russell
Kidd & Leavy Real Estate Co. LLC
List Price
$64,900
Sold Price
$46,000
Premium/Discount to List
-$18,900
-29.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.30%
Original Mortgage
$39,100
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 27, 2009
Sold by
Moats Kathleen Jan
Bought by
Ternes John P and Restated John P Ternes Trust Dated Decem

Purchase Details

Closed on
Jun 23, 2004
Bought by
Moats Kathleen Jan

Purchase Details

Closed on
Mar 10, 1995
Sold by
Heinig Howard G
Bought by
Heinig Howard G & Phyllis E Trust
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
Burchfield Lisa -- Crossroads Title
Miller Joshua -- Crossroads Title
Ternes John P $41,750 --
Moats Kathleen Jan $145,000 --
Heinig Howard G & Phyllis E Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miller Joshua $39,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2017 05/09/17 Sold $46,000 -29.1% --
02/01/2017 02/01/17 Pending -- -- --
04/19/2016 04/19/16 For Sale $64,900 -- --
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 $2,017 $61,800 $61,800 $0
2024 $2,017 $38,300 $38,300 $0
2023 $2,147 $50,700 $50,700 $0
2022 $2,147 $50,700 $50,700 $0
2021 $2,085 $39,300 $39,300 $0
2020 $2,120 $39,300 $39,300 $0
2019 -- $39,300 $39,300 $0
2018 -- $39,300 $39,300 $0
2017 -- $31,300 $31,300 $0
2016 -- $31,300 $31,300 $0
2015 -- $31,300 $0 $0
2014 -- $44,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dave Carlson

    Seller's Agent in 2017

    Dave Carlson

    Kidd & Leavy Real Estate Co. LLC

    (231) 342-3317

    12 in this area

    56 Total Sales

    Dave Carlson
    Section Image
  • John Russell

    Buyer's Agent in 2017

    John Russell

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-4667

    11 in this area

    65 Total Sales

    John Russell
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 447811

Northern Michigan MLS

APN: 52-19-05-300-089

Michigan Emmet County Petoskey 49770

602 Jennings Ave, Petoskey, MI

This home is located at 602 Jennings Ave, Petoskey, MI 49770 since 19 April 2016 and is currently estimated at $83,516. 602 Jennings Ave is a home located in Emmet County with nearby schools including Petoskey High School, St. Francis Xavier School, and Petoskey Sda Elementary 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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