NOT LISTED FOR SALE

628 State St Petoskey, MI 49770

Estimated Value: $532,862 - $624,000

4 Beds
3 Baths
2,072 Sq Ft
$283/Sq Ft Est. Value

Last Sold October 12, 2021

Last sale price $400,000 $193 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,790/month

1 Day on Market

Highlights

  • Deck
  • Main Floor Primary Bedroom
  • 2 Car Detached Garage
  • Cathedral Ceiling
  • Lower Floor Utility Room
  • 4-minute walk to St Francis Xavier Playground

About This Home

As of October 2021

It's hard to beat a four-bedroom three-bath home in such a sought out location in downtown Petoskey just three blocks from Mitchell Street where all of the activity is. This home is well appointed with dedicated entries near the garage and facing State Street. The master suite, kitchen, and laundry are all beautifully finished and located on the first floor allowing for main floor living. The upstairs features three bedrooms and a bathroom. Despite being on a downtown lot, you'll appreciate how well utilized the property is featuring a private deck, gardening area, yard, and picnic spot. So little to mow, yet so generous in space! Unlike many older homes in town, this one requires little updating if any to enjoy upon move in. You'll also appreciate the safety this location provides in being able to have a drink or two at the Hop Lot, eating some good street food, and on top of it all, you are just a 15-minute walk to Bay Front Park to watch sunsets over the break wall. You've heard "Location, Location, Location." This time around you can have it with a beautiful home to boot! This home does have a rental history that can be shared upon inquiry.

Last Agent to Sell the Property

Marshall Dines

North Shores Realty Group Listed on: 08/12/2021

North Shores Realty Group

Last Buyer's Agent

Abby Badgley

Gaslight Group Properties

Home Details

Home Type

  • Single Family

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x145
  • Property is zoned R-2 Residential

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,072 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Vinyl Clad Windows
  • Blinds
  • Family Room
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Driveway

Outdoor Features

  • Deck

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-179-017

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 08/13/2021
  • Measurement Source: Agent
  • Section: 5
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Built In Microwave, Cable, Cathedral Ceilings, Ceiling Fans, Deck, Dishwasher, Dryer, Garbage Disposal, Mini Blinds, Paved Drive, Range, Refrigerator, Washer, Wood Fireplace, Paved Road
  • Total Finished Sq Ft: 2072
  • Master Bedroom: Dimensions: 22x9'9", On Level: Main
  • Bedroom 2: Dimensions: 15x12, On Level: Upper
  • Bedroom 3: Dimensions: 10x10, On Level: Upper
  • Bedroom 4: Dimensions: 11.5x15, On Level: Upper
  • Basement: Full
  • Dining Room: Dimensions: 12x13, On Level: Main
  • Kitchen: Dimensions: 12'8"x9'8", On Level: Main
  • Family Room: Dimensions: 16x20, On Level: Main
  • Living Room: Dimensions: 15x12, On Level: Main
  • Above Grade Finished Sq Ft: 2072
  • Bathroom 1: Dimensions: 8'10"x6', On Level: Main
  • Bathroom 2: Dimensions: 7'2"x5', On Level: Main
  • Number Of Bedrooms: 4
  • Full Bathrooms: 3
  • Rooms 1: Dimensions: 7'6"x6', On Level: Main
  • Rooms 2: On Level: N/A
  • Windows: Vinyl

Exterior Features

  • Construction: Wood Frame/Site Built, Two Story +
  • 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: Electric, 52 Gal

Lot Info

  • Estimated Lot Dimensions: 50x145
  • Estimated Number of Acres: 0.17
  • Zoning: R-2 Residential

Tax Info

  • Assessor Parcel Number: 52-19-05-179-017

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Oct 12, 2021
Sold by
Rojo Properties Llc
Bought by
Mcdermott John and Byrne Ann
Seller's Agent
Marshall Dines
North Shores Realty Group
Buyer's Agent
Abby Badgley
Gaslight Group Properties
List Price
$399,900
Sold Price
$400,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$587,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,391
Avg. Annual Appreciation
9.41%
Original Mortgage
$300,000
Outstanding Balance
$273,572
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$312,715

Purchase Details

Listed on
Apr 4, 2013
Closed on
Nov 15, 2013
Sold by
Smeltekop Robert and Wendryhoski Jon
Bought by
Rojo Properties Llc
Seller's Agent
Doug Nowels
Real Estate One
Buyer's Agent
Dorie Bourke
Coldwell Banker Schmidt - Petoskey
List Price
$200,000
Sold Price
$173,000
Premium/Discount to List
-$27,000
-13.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.94%
Original Mortgage
$138,400
Interest Rate
4.56%

Purchase Details

Listed on
Apr 4, 2013
Closed on
Sep 20, 2013
Sold by
Connolly Ingleson Margaret and Margaret Connolly Ingleson Tru
Bought by
Smeltekop Robert and Wendryhoski Jon
Seller's Agent
Doug Nowels
Real Estate One
Buyer's Agent
Dorie Bourke
Coldwell Banker Schmidt - Petoskey
List Price
$200,000
Sold Price
$173,000
Premium/Discount to List
-$27,000
-13.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,400
Interest Rate
4.56%

Purchase Details

Closed on
Nov 18, 2005
Sold by
Ingleson Connolly Margaret L
Bought by
Ingleson Margaret Connolly

Purchase Details

Closed on
Nov 8, 2005
Sold by
Ingleson Margaret Connolly
Bought by
Ingleson Margaret Connolly Trust

Purchase Details

Closed on
Oct 1, 1993
Bought by
Connolly

Purchase Details

Closed on
Aug 1, 1991
Bought by
Liebler

Purchase Details

Closed on
Jun 1, 1985
Bought by
Smith

Purchase Details

Closed on
Aug 1, 1984
Bought by
Old Kent
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mcdermott John $400,000 --
Rojo Properties Llc -- --
Smeltekop Robert $173,000 Talon Title Agency
Ingleson Margaret Connolly -- --
Ingleson Margaret Connolly Trust -- --
Connolly $87,000 --
Liebler -- --
Smith $49,000 --
Old Kent $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdermott John $300,000
Previous Owner Smeltekop Robert $138,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/12/2021 10/12/21 Sold $400,000 0.0% $193 / Sq Ft
08/12/2021 08/12/21 For Sale $399,900 +131.2% $193 / Sq Ft
09/20/2013 09/20/13 Sold $173,000 -13.5% $87 / Sq Ft View Prior Sale
09/20/2013 09/20/13 Pending -- -- --
04/04/2013 04/04/13 For Sale $200,000 -- $101 / 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 $8,612 $219,100 $219,100 $0
2024 $82 $191,800 $191,800 $0
2023 $7,842 $158,400 $158,400 $0
2022 $7,842 $148,300 $148,300 $0
2021 $4,998 $135,100 $135,100 $0
2020 $5,011 $111,000 $111,000 $0
2019 -- $109,700 $109,700 $0
2018 -- $101,200 $101,200 $0
2017 -- $97,400 $97,400 $0
2016 -- $97,400 $97,400 $0
2015 -- $89,400 $0 $0
2014 -- $84,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 466161

Northern Michigan MLS

APN: 52-19-05-179-017