702 Michigan St Petoskey, MI 49770
Estimated payment $5,415/month
Total Views
27,993
4
Beds
4.5
Baths
2,900
Sq Ft
$324
Price per Sq Ft
Highlights
- Wood Flooring
- 2 Car Attached Garage
- Living Room
- Main Floor Primary Bedroom
- Patio
- 4-minute walk to St Francis Xavier Playground
About This Home
Nestled in the heart of downtown Petoskey, this beautifully maintained home blends timeless charm with incredible flexibility. Whether you're searching for a spacious single-family residence or a home with built-in rental income potential, this property delivers. Inside, you'll find gleaming hardwood floors, a generous kitchen that flows seamlessly into an oversized dining area—perfect for gatherings—and a spacious living room anchored by a wood-burning fireplace with exquisite antique detailing. A lovely staircase leads to the second floor, adding character and grace to the home’s layout. Natural light pours through newer windows, creating a warm, inviting atmosphere throughout. The home features two primary suites, an attached two-car garage, a nicely sized yard, and a thoughtful floor plan that offers exceptional versatility. With a simple turn of a key, the second floor can function as a separate apartment, complete with its own sunny living room, efficient kitchen, and second-floor laundry. Whether you choose to enjoy the entire home or live on one level while renting the other, this is downtown living with flexibility and charm—just blocks from shops, dining, and everything Petoskey has to offer. Open house on Sunday (8/31) from 11AM - 1PM.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,652
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 2,900 Sq Ft Home
- Ceiling Fan
- Wood Burning Fireplace
- Insulated Windows
- Family Room on Second Floor
- Living Room
- Dining Room
- Second Floor Utility Room
- Wood Flooring
- Michigan Basement
Kitchen
- Range
- Built-In Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
Laundry
- Dryer
- Washer
Parking
- 2 Car Attached Garage
- Driveway
Outdoor Features
- Patio
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 52-19-05-179-042
Map
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Home Values in the Area
Average Home Value in this Area
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 | $3,652 | $254,500 | $254,500 | $0 |
| 2024 | $3,652 | $219,000 | $219,000 | $0 |
| 2023 | $3,349 | $185,900 | $185,900 | $0 |
| 2022 | $3,349 | $177,200 | $177,200 | $0 |
| 2021 | $3,260 | $151,000 | $151,000 | $0 |
| 2020 | $3,295 | $117,900 | $117,900 | $0 |
| 2019 | -- | $115,600 | $115,600 | $0 |
| 2018 | -- | $114,800 | $114,800 | $0 |
| 2017 | -- | $106,400 | $106,400 | $0 |
| 2016 | -- | $95,500 | $95,500 | $0 |
| 2015 | -- | $92,000 | $0 | $0 |
| 2014 | -- | $83,700 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/27/2025 08/27/25 | Price Changed | $939,900 | -1.1% | $324 / Sq Ft |
| 06/25/2025 06/25/25 | Price Changed | $949,900 | -1.1% | $328 / Sq Ft |
| 05/19/2025 05/19/25 | For Sale | $960,000 | -- | $331 / Sq Ft |
Source: Northern Michigan MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $95,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $95,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $175,000 | New Conventional | |
| Previous Owner | $120,000 | No Value Available | |
| Previous Owner | $60,000 | No Value Available | |
| Previous Owner | $0 | No Value Available |
Source: Public Records
Similar Homes in Petoskey, MI
Source: Northern Michigan MLS
MLS Number: 476485
APN: 52-19-05-179-042
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