NOT LISTED FOR SALE

618 E Lake St Petoskey, MI 49770

Estimated Value: $1,298,802 - $1,793,000

4 Beds
4.5 Baths
5,320 Sq Ft
$291/Sq Ft Est. Value

Last Sold October 12, 2012

Last sale price $700,000 $132 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $9,311/month

55 Days on Market

Highlights

  • Spa
  • Cathedral Ceiling
  • First Floor Utility Room
  • Deck
  • Wood Flooring
  • 5-minute walk to Pennsylvania Park

About This Home

As of October 2012

Located steps from downtown Petoskey on 2 1/2 city lots sits this Historical completely renovated home. The home was renovated in 2004 by the current owner with an eye for detail and a unique style. Home features designer kitchen with wood floors, fireplace, and breakfast area, large eat in bar, and Aga oven. Relax and read a book in the den complete with floor to ceiling book shelves.

Last Agent to Sell the Property

C.T. Shuman

Real Estate One Listed on: 06/28/2012

Real Estate One

Last Buyer's Agent

Carol Fay

Coldwell Banker Schmidt - Petoskey

Coldwell Banker Schmidt - Petoskey

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,990

Year Built

  • Built in 1879

Lot Details

  • Lot Dimensions are 142 x 125
  • Sprinkler System

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 5,320 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Fireplace
  • Thermal Windows
  • Family Room
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Dryer
  • Wood Flooring

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Upstairs

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Parking

  • 2 Car Detached Garage
  • Driveway

Outdoor Features

  • Spa
  • Deck
  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-126-044

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,990

Year Built

Built in 1879

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1879
  • Measurement Source: Assessor
  • Section: 5
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1879

Interior Features

  • Features: Cable, Cathedral Ceilings, Ceiling Fans, Central Air, Deck, Dishwasher, Dryer, Garbage Disposal, Gas Fireplace, Hot Tub, Patio, Paved Drive, Range, Refrigerator, Sprinkler System, Wood Fireplace, Wood Floors
  • Total Finished Sq Ft: 5320
  • Master Bedroom: Dimensions: 18.6 x 18.10, On Level: Upper
  • Bedroom 2: Dimensions: 11.4 x 17.2, On Level: Upper
  • Bedroom 3: Dimensions: 14 x 18.10, On Level: Upper
  • Bedroom 4: Dimensions: 13 x 12, On Level: Upper
  • Total Rooms: 10
  • Basement: Michigan, Full
  • Dining Room: Dimensions: 19 x 11, On Level: Main
  • Kitchen: Dimensions: 19.5 x 20.6, On Level: Main
  • Family Room: Dimensions: 15.4 x 15.4, On Level: Main
  • Living Room: Dimensions: 19 x 19.6, On Level: Main
  • Above Grade Finished Sq Ft: 4080
  • Bathroom 1: Dimensions: Full/Full, On Level: Upper
  • Bathroom 2: Dimensions: Full, On Level: Upper
  • Number Of Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Rooms 1: Dimensions: 12 x 11.6, On Level: Main
  • Rooms 2: Dimensions: Half Bath, On Level: Main
  • Windows: Thermo

Exterior Features

  • Construction: Wood Frame/Site Built
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Garage/Parking

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

Utilities

  • Heat Type: Natural Gas, Hot Water Baseboard
  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 142 x 125
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 52-19-05-126-044

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2012
Closed on
Oct 11, 2012
Sold by
Brown Marlee
Bought by
Sims Mary J
Seller's Agent
C.T. Shuman
Real Estate One
Buyer's Agent
Carol Fay
Coldwell Banker Schmidt - Petoskey
List Price
$849,900
Sold Price
$700,000
Premium/Discount to List
-$149,900
-17.64%
Current Estimated Value
$1,545,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$845,901
Avg. Annual Appreciation
6.29%
Original Mortgage
$417,000
Outstanding Balance
$289,303
Interest Rate
3.55%
Estimated Equity
$1,256,598

Purchase Details

Closed on
Mar 8, 2012
Sold by
Brown Musser R and Brown Marlee
Bought by
Brown Marlee and Marlee Brown Trust Uad June 9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
3.14%

Purchase Details

Closed on
Jun 9, 2011
Sold by
Brown Musser R and Brown Marlee
Bought by
Brown Marlee and Marlee Brown Trust Uad June 9

Purchase Details

Closed on
Mar 26, 2004
Sold by
Schultz Daniel and Schultz Karen
Bought by
Brown Musser R and Brown Marlee

Purchase Details

Closed on
Aug 31, 2001
Sold by
Wiley Diane Sue and Hope Laura
Bought by
Schultz Daniel C and Schultz Karen L

Purchase Details

Closed on
Apr 21, 2000
Sold by
Gillete Diane
Bought by
Wiley Diane Sue and Hope Laura

Purchase Details

Closed on
Feb 1, 1996
Bought by
Gillette Home Imp Pta

Purchase Details

Closed on
Apr 1, 1990
Bought by
Benson

Purchase Details

Closed on
Nov 1, 1986
Bought by
Chapman +1000P Rps

Purchase Details

Closed on
Aug 1, 1985
Bought by
Mcclintic
Source: Public Records

Range of Values:

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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
Sims Mary J $700,000 --
Brown Marlee -- --
Brown Musser R -- --
Brown Marlee -- --
Brown Musser R $665,000 --
Schultz Daniel C $400,000 --
Wiley Diane Sue $205,000 --
Gillette Home Imp Pta $325,000 --
Benson -- --
Chapman +1000P Rps $99,000 --
Mcclintic $96,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sims Mary J $417,000
Previous Owner Brown Musser R $351,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2012 10/12/12 Sold $700,000 -17.6% $132 / Sq Ft
08/22/2012 08/22/12 Pending -- -- --
06/28/2012 06/28/12 For Sale $849,900 -- $160 / 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 $12,990 $701,400 $701,400 $0
2024 $12,990 $651,300 $651,300 $0
2023 $11,913 $578,700 $578,700 $0
2022 $11,913 $504,000 $504,000 $0
2021 $11,594 $478,100 $478,100 $0
2020 $11,721 $394,300 $394,300 $0
2019 -- $376,700 $376,700 $0
2018 -- $348,100 $348,100 $0
2017 -- $351,800 $351,800 $0
2016 -- $355,900 $355,900 $0
2015 -- $325,500 $0 $0
2014 -- $325,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C.T. Shuman

    Seller's Agent in 2012

    C.T. Shuman

    Real Estate One

    (231) 838-4200

    30 in this area

    134 Total Sales

    C.T. Shuman
    Section Image
  • Carol Fay

    Buyer's Agent in 2012

    Carol Fay

    Coldwell Banker Schmidt - Petoskey

    (231) 330-0876

    22 in this area

    68 Total Sales

    Carol Fay
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 434365

Northern Michigan MLS

APN: 52-19-05-126-044

Michigan Emmet County Petoskey 49770

618 E Lake St, Petoskey, MI

This home is located at 618 E Lake St, Petoskey, MI 49770 since 28 June 2012 and is currently estimated at $1,545,901, approximately $290 per square foot. This property was built in 1879. 618 E Lake 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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