NOT LISTED FOR SALE

608 E Mitchell St Petoskey, MI 49770

Petoskey Area

Estimated Value: $489,000 - $785,000

5 Beds
3 Baths
2,694 Sq Ft
$245/Sq Ft Est. Value

Sale Details

Date Sold: July 3, 2013

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

Est. 359% increase in value since last sale

Current estimated payment $4,028 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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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

7,492 Sq Ft Lot

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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2012
Closed on
Jul 3, 2013
Sold by
Bought by
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
$658,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$515,446
Avg. Annual Appreciation
12.35%
Original Mortgage
$237,500
Interest Rate
3.91%

Purchase Details

Closed on
Apr 1, 1994
Bought by

Purchase Details

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Petoskey, MI

  • Christy Berry Real Estate Agent - Compass RE Texas, LLC.

    Christy Berry

    Responds Quickly

    Compass RE Texas, LLC.

    (817) 670-9178

    97 Total Sales

    1 in Petoskey

    $1,407,000 Price

    Christy Berry
     Section Image
  • Julia Pietrowicz Real Estate Agent - Keller Williams Northern Michigan

    Julia Pietrowicz

    Keller Williams Northern Michigan

    (231) 668-6859

    335 Total Sales

    1 in Petoskey

    $399,000 Price

    Julia Pietrowicz
     Section Image
  • Ken Carlson Real Estate Agent - Ken Carlson Realty

    Ken Carlson

    Ken Carlson Realty

    (989) 418-4296

    29 Total Sales

    1 in Petoskey

    $759,000 Price

    Ken Carlson
     Section Image
  • Joe Blachy Real Estate Agent - Petoskey Real Estate Group

    Joe Blachy

    Petoskey Real Estate Group

    (231) 715-5138

    103 Total Sales

    32 in Petoskey

    $99K - $1.2M Price Range

    Joe Blachy
     Section Image
  • Chris Christensen Real Estate Agent - Lynda's Real Estate Service

    Chris Christensen

    Lynda's Real Estate Service

    (231) 535-9698

    336 Total Sales

    5 in Petoskey

    $325K - $400K Price Range

    Chris Christensen
     Section Image
  • Brett Binkley Real Estate Agent - EXP Realty

    Brett Binkley

    Responds Quickly

    EXP Realty

    (231) 642-9896

    44 Total Sales

    1 in Petoskey

    $135,000 Price

    Brett Binkley
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$143,500 --
-- --
$50,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $4,784 $427,800 $427,800 $0
2025 $4,784 $302,000 $302,000 $0
2024 $46 $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 Real Estate Agent - Real Estate One

    Seller's Agent in 2013

    C.T. Shuman

    Real Estate One

    (231) 838-4200

    130 Total Sales

    C.T. Shuman
    Section Image
  • Stephanie Jones Real Estate Agent - Kidd & Leavy Real Estate Co. LLC

    Buyer's Agent in 2013

    Stephanie Jones

    Kidd & Leavy Real Estate Co. LLC

    (231) 844-4410

    135 Total Sales

    Stephanie Jones
    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

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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