NOT LISTED FOR SALE

704 E Lake St Petoskey, MI 49770

Estimated Value: $896,439 - $1,012,000

5 Beds
2.5 Baths
3,083 Sq Ft
$314/Sq Ft Est. Value

Last Sold April 18, 2024

Last sale price $950,000 $308 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,781/month

Highlights

  • Water Views
  • Wood Flooring
  • Patio
  • Deck
  • 2 Car Detached Garage
  • Living Room

About This Home

As of April 2024

Fantastic Family Home located in Petoskey best downtown neighborhood, The Upper East Side. With panoramic west facing views of Little Traverse Bay and being an easy walk to the shops and restaurants of the Gaslight District it's no wonder that opportunities on this side of Mitchell come up so infrequently.

Last Agent to Sell the Property

Michael MacCarthy

Gaslight Group Properties Listed on: 04/18/2024

Last Buyer's Agent

Michael MacCarthy

Gaslight Group Properties Listed on: 04/18/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,448

Year Built

  • Built in 1897

Lot Details

  • Lot Dimensions are 69 x 143

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 3,083 Sq Ft Home
  • Ceiling Fan
  • Gas Fireplace
  • Vinyl Clad Windows
  • Insulated Windows
  • Family Room
  • Living Room
  • Dining Room
  • Second Floor Utility Room
  • Wood Flooring
  • Water Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Upstairs

Parking

  • 2 Car Detached Garage
  • Driveway

Outdoor Features

  • Deck
  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-126-045

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,448

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1897
  • Lvt Date: 04/19/2024
  • Section: 5
  • Second Address Number: 704
  • Directions: From the corner of Lake and Howard street in the center of Petoskey's Gaslight District travel East just 3 blocks property is on the right on the corner of Lake and Clinton Streets.
  • Price per Sq Ft: 308.14
  • OFFICELIST_STATE: MI
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1897

Interior Features

  • Features: Built In Microwave, Cable, Ceiling Fans, Deck, Dishwasher, Garbage Disposal, Gas Fireplace, Patio, Paved Drive, Range, Refrigerator, Wood Floors
  • Total Finished Sq Ft: 3083
  • Master Bedroom: Dimensions: 11 x 22.5, On Level: Upper
  • Bedroom 2: Dimensions: 14 x 12, On Level: Upper
  • Bedroom 3: Dimensions: 10 x 13, On Level: Upper
  • Bedroom 4: Dimensions: 18 x 12.5, On Level: Upper
  • Total Rooms: 11
  • Basement: Full
  • Dining Room: Dimensions: 11 x 18, On Level: Main
  • Kitchen: Dimensions: 18 x 19.5, On Level: Main
  • Family Room: Dimensions: 13 x 18, On Level: Main
  • Living Room: Dimensions: 18 x 28, On Level: Main
  • Above Grade Finished Sq Ft: 2726
  • Bathroom 1: Dimensions: Full, On Level: Upper
  • Bathroom 2: Dimensions: Full, On Level: Upper
  • Number Of Bedrooms: 5
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Rooms 1: Dimensions: Mudroom- 7 x 11, On Level: Main
  • Rooms 2: Dimensions: Rec- 21.3 x 16.6, On Level: Lower
  • Windows: Insulated, Vinyl

Exterior Features

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

Garage/Parking

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

Utilities

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

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 69 x 143
  • Lot: Y
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 52-19-05-126-045

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2024
Closed on
Apr 18, 2024
Sold by
Kazanowski John Kazanowski
Bought by
Kurshuk Aliaksandr
Seller's Agent
Michael MacCarthy
Gaslight Group Properties
Buyer's Agent
Michael MacCarthy
Gaslight Group Properties
Sold Price
$950,000
Views
6
Current Estimated Value
$969,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,480
Avg. Annual Appreciation
1.40%
Original Mortgage
$764,000
Outstanding Balance
$752,563
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$216,917

Purchase Details

Listed on
Apr 18, 2024
Closed on
Mar 7, 2024
Sold by
Kazanowski Justin and Kazanowski Y
Bought by
Kazanowski John and Kazanowski Y
Seller's Agent
Michael MacCarthy
Gaslight Group Properties
Buyer's Agent
Michael MacCarthy
Gaslight Group Properties
Sold Price
$950,000
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$764,000
Outstanding Balance
$752,563
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$216,917

Purchase Details

Closed on
Oct 16, 2023
Sold by
Kazanowski John and Estate Of Cynthia Lyn Kazanowski
Bought by
Kazanowski Justin and Kazanowski Y

Purchase Details

Listed on
Jun 12, 2020
Closed on
Jul 30, 2020
Sold by
Nielsen Carin L Mattson James
Bought by
Kazanowski Cynthia
Seller's Agent
Michael MacCarthy
Gaslight Group Properties
Buyer's Agent
Atty Belanger
@properties Christie's International Real Estate - Petoskey
List Price
$649,989
Sold Price
$630,000
Premium/Discount to List
-$19,989
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.68%

Purchase Details

Listed on
May 4, 2017
Closed on
Aug 10, 2018
Sold by
Eaton Donald S and Eaton Melinda A
Bought by
Nielsen Carin L and Mattson James
Seller's Agent
Michael MacCarthy
Gaslight Group Properties
Buyer's Agent
Michael MacCarthy
Gaslight Group Properties
List Price
$479,900
Sold Price
$360,500
Premium/Discount to List
-$119,400
-24.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.76%

Purchase Details

Listed on
Mar 11, 2013
Closed on
Feb 27, 2014
Sold by
Tanis Scott N and Tanis Rebecca N
Bought by
Eaton Donald Scott and Eaton Melinda A
Seller's Agent
C.T. Shuman
Real Estate One
Buyer's Agent
Doug Houlmont
MTN Real Estate, LLC
List Price
$459,900
Sold Price
$405,000
Premium/Discount to List
-$54,900
-11.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.58%
Original Mortgage
$324,000
Interest Rate
4.35%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 15, 2010
Sold by
Coffin Susan M and Coffin Gordon L
Bought by
Tanis Scott N and Tanis Rebecca N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.02%

Purchase Details

Closed on
Jul 12, 2005
Bought by
Coffin Susan M and Coffin Gordon L

Purchase Details

Closed on
Aug 1, 1994
Bought by
Coffin

Purchase Details

Closed on
Sep 1, 1988
Bought by
Winter

Purchase Details

Closed on
Jun 1, 1980
Bought by
Hamstra
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
Kurshuk Aliaksandr -- Cislo Title Company
Kazanowski John -- Cislo Title
Kazanowski Justin -- --
Kazanowski Cynthia -- --
Nielsen Carin L $350,000 --
Eaton Donald Scott $405,000 Talon Title Agency
Tanis Scott N $410,000 --
Coffin Susan M -- --
Coffin -- --
Winter -- --
Hamstra $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kurshuk Aliaksandr $764,000
Previous Owner Eaton Donald Scott $324,000
Previous Owner Tanis Scott N $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/18/2024 04/18/24 Sold $950,000 +50.8% $308 / Sq Ft
07/30/2020 07/30/20 Sold $630,000 -3.1% $204 / Sq Ft View Prior Sale
06/12/2020 06/12/20 For Sale $649,989 +80.3% $211 / Sq Ft
08/10/2018 08/10/18 Sold $360,500 -24.9% $119 / Sq Ft View Prior Sale
05/04/2017 05/04/17 For Sale $479,900 +18.5% $158 / Sq Ft
02/28/2014 02/28/14 Sold $405,000 -11.9% $134 / Sq Ft View Prior Sale
01/09/2014 01/09/14 Pending -- -- --
03/11/2013 03/11/13 For Sale $459,900 -- $152 / 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 $7,448 $350,500 $350,500 $0
2024 $7,448 $324,700 $324,700 $0
2023 $6,831 $286,900 $286,900 $0
2022 $6,831 $248,700 $248,700 $0
2021 $6,648 $233,900 $233,900 $0
2020 $10,087 $193,700 $193,700 $0
2019 -- $183,500 $183,500 $0
2018 -- $181,100 $181,100 $0
2017 -- $180,900 $180,900 $0
2016 -- $183,000 $183,000 $0
2015 -- $166,100 $0 $0
2014 -- $166,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael MacCarthy

    Seller's Agent in 2024

    Michael MacCarthy

    Gaslight Group Properties

    (231) 838-7700

    64 in this area

    188 Total Sales

    Michael MacCarthy
    Section Image
  • Atty Belanger

    Buyer's Agent in 2020

    Atty Belanger

    @properties Christie's International Real Estate - Petoskey

    (231) 838-8184

    17 in this area

    34 Total Sales

    Atty Belanger
    Section Image
  • C.T. Shuman

    Seller's Agent in 2014

    C.T. Shuman

    Real Estate One

    (231) 838-4200

    31 in this area

    135 Total Sales

    C.T. Shuman
    Section Image

  • D

    Buyer's Agent in 2014

    Doug Houlmont

    MTN Real Estate, LLC

    (231) 838-2727

    1 Total Sale

    Doug Houlmont
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 473532

Northern Michigan MLS

APN: 52-19-05-126-045

Michigan Emmet County Petoskey 49770

704 E Lake St, Petoskey, MI

This home is located at 704 E Lake St, Petoskey, MI 49770 since 18 April 2024 and is currently estimated at $969,480, approximately $314 per square foot. This property was built in 1897. 704 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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