NOT LISTED FOR SALE

608 E Mitchell St Petoskey, MI 49770

Estimated Value: $505,000 - $903,000

5 Beds
3 Baths
2,694 Sq Ft
$237/Sq Ft Est. Value

Last Sold July 03, 2013

Last sale price $143,500 $53 Per Sq Ft

Est. 345% increase in value since last sale

Current estimated payment $3,899/month

155 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • 4-minute walk to St Francis Xavier Playground

About This Home

As of July 2013

Three unit rental with excellent rental history conveniently located one block to downtown Petoskey. Could be converted back to a single family home or live in one unit and rent out the other two. Plenty of paved parking and access to back alley for easy exit and entrance off Woodland Street.

Last Agent to Sell the Property

C.T. Shuman

Real Estate One Listed on: 12/07/2012

Real Estate One

Last Buyer's Agent

Stephanie Jones

Kidd & Leavy Real Estate Co. LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,463

Lot Details

  • 7,492

Parking

  • Driveway

Home Design

  • Triplex
  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,694 Sq Ft Home
  • Ceiling Fan
  • Vinyl Clad Windows
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Range

Utilities

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

Additional Features

  • Lot Dimensions are 50 x 145
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-100-019

Community Details

Overview

  • 3 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,600
  • Fuel Expense $2,520
  • Insurance Expense $1,524
  • Water Sewer Expense $1,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,463

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multifamily
  • Type 2: Triplex
  • Measurement Source: Owner
  • Section: 5
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Features: Cable, Ceiling Fans, Paved Drive, Range, Refrigerator, Wood Floors
  • Basement: Full
  • Total Sq Ft: 2694
  • Above Grade Finished Sq Ft: 2694
  • Windows: Vinyl

Exterior Features

  • Construction: Wood Frame
  • Roof: Asphalt Shingles
  • Waterfront Water Access: Neither

Utilities

  • Heat: $210
  • Heat Type: Natural Gas, Hot Water Baseboard
  • Sewer: City
  • Water: City
  • Annual Electric: $1600
  • Annual Fuel Expense: $2520
  • Annual Water Sewer Expense: $1100
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Water Heaters: 2
  • Number Water Meters: 1

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 50 x 145
  • Lot: Y
  • Zoning: RM-2

Tax Info

  • Annual Taxes: $2463
  • Assessor Parcel Number: 52-19-05-100-019

Multi Family

  • Number Of Units: 3
  • Annual Insurance Exp: $1524

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2012
Closed on
Jul 3, 2013
Sold by
Prescott John C and Prescott Linda
Bought by
Karr Michael and Karr Jessica
Seller's Agent
C.T. Shuman
Real Estate One
Buyer's Agent
Stephanie Jones
Kidd & Leavy Real Estate Co. LLC
List Price
$159,900
Sold Price
$143,500
Premium/Discount to List
-$16,400
-10.26%
Current Estimated Value
$639,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$495,629
Avg. Annual Appreciation
13.11%
Original Mortgage
$237,500
Interest Rate
3.91%

Purchase Details

Closed on
Apr 1, 1994
Bought by
Prescott

Purchase Details

Closed on
Aug 1, 1992
Bought by
Vanzelfden
Source: Public Records

Range of Values:

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Average Value
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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
Karr Michael $143,500 --
Prescott -- --
Vanzelfden $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karr Michael $215,725
Closed Karr Michael $256,000
Closed Karr Michael $237,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2013 07/03/13 Sold $143,500 -10.3% $53 / Sq Ft
05/11/2013 05/11/13 Pending -- -- --
12/07/2012 12/07/12 For Sale $159,900 -- $59 / 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 $4,784 $302,000 $302,000 $0
2024 $4,784 $243,700 $243,700 $0
2023 $4,388 $226,900 $226,900 $0
2022 $4,388 $207,200 $207,200 $0
2021 $4,270 $197,700 $197,700 $0
2020 $4,317 $171,600 $171,600 $0
2019 -- $121,400 $121,400 $0
2018 -- $121,700 $121,700 $0
2017 -- $121,100 $121,100 $0
2016 -- $122,500 $122,500 $0
2015 -- $111,400 $0 $0
2014 -- $111,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C.T. Shuman

    Seller's Agent in 2013

    C.T. Shuman

    Real Estate One

    (231) 838-4200

    31 in this area

    136 Total Sales

    Section Image
  • Stephanie Jones

    Buyer's Agent in 2013

    Stephanie Jones

    Kidd & Leavy Real Estate Co. LLC

    (231) 844-4410

    83 in this area

    151 Total Sales

    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 435575

Northern Michigan MLS

APN: 52-19-05-100-019

Michigan Emmet County Petoskey 49770

608 E Mitchell St, Petoskey, MI

This home is located at 608 E Mitchell St, Petoskey, MI 49770 since 07 December 2012 and is currently estimated at $639,129, approximately $237 per square foot. 608 E Mitchell St 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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