NOT LISTED FOR SALE

720 Franklin Estates Petoskey, MI 49770

Petoskey Area

Estimated Value: $18,000 - $297,000

0.73 Acre
$189,778 Price per Acre
31,799 Sq Ft Lot

Sale Details

Date Sold: August 15, 2025

Last sale price $20,000

Est. 593% increase in value since last sale

Current estimated payment $791 / mo

32 Days on Market

About This Lot

As of August 2025

Nice, wooded lot in the Franklin Estates Association. Located just 9 miles outside of downtown Petoskey, quiet area is close to snowmobile trails, public boat launch, inland waterways, and hiking trails. The lot adjacent, is also for sale.

Last Agent to Sell the Property

Pete Platte

Gaslight Group Properties Listed on: 07/14/2025

Last Buyer's Agent

Beth Flynn

@properties Christie's International Real Estate - Petoskey

@properties Christie's International Real Estate - Petoskey

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

Property Type

  • Land

Lot Details

  • 31,799 Sq Ft Lot
  • Landscaped with Trees
  • Property is zoned EC FF-2

HOA Fees

  • $42 Monthly HOA Fees

Utilities

  • Well Required
  • Septic Needed

Community Details

  • Franklines Association

Listing and Financial Details

  • Assessor Parcel Number 14-17-33-451-117

Property Details

Property Type

Land

Lot Details

0.73 Acres

HOA Fees

$42 per month

Listing Details

  • Class: LOTS/LAND
  • Type: Lots/Land
  • Type 2: Lot
  • Lvt Date: 07/14/2025
  • Section: 33
  • Second Address Number: 720
  • Directions: From downtown Petoskey, head east on Mitchell street 6.8 miles. Turn left onto Blanchard Rd and go 1 mile. Turn right onto Pickerel Lake Rd. Franklin Estates is on the left in 1 mile. Lot is .4 miles down on the right.
  • OFFICELIST_STATE: MI
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Features: Mixed Trees

Exterior Features

  • Waterfront Water Access: Neither

Utilities

  • Sewer: Septic Needed
  • Water: Well Needed

Condo/Co-op/Association

  • Association: FranklinEs
  • Association: Yes
  • Fees: 500

Schools

  • School District: Petoskey

Lot Info

  • Estimated Number of Acres: 0.73
  • Zoning: EC FF-2
  • Number Of Acres: Under 1

Tax Info

  • Assessor Parcel Number: 14-17-33-451-117

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
Jul 14, 2025
Closed on
Aug 12, 2025
Sold by
Bought by
Seller's Agent
Pete Platte
Gaslight Group Properties
Buyer's Agent
Beth Flynn
@properties Christie's International Real Estate - Petoskey
List Price
$20,000
Sold Price
$20,000
Views
19
Current Estimated Value
$138,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,538
Avg. Annual Appreciation
635.42%
Original Mortgage
$15,000
Outstanding Balance
$12,837
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$125,701
Source: Public Records

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
-- --
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 $15,000
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
08/15/2025 08/15/25 Sold $20,000 0.0% --
07/14/2025 07/14/25 For Sale $20,000 -- --
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 $167 $6,500 $6,500 $0
2025 $167 $6,100 $6,100 $0
2024 $0 $5,000 $5,000 $0
2023 $153 $4,500 $4,500 $0
2022 $153 $3,800 $3,800 $0
2021 $148 $3,300 $3,300 $0
2020 $147 $3,300 $3,300 $0
2019 -- $4,000 $4,000 $0
2018 -- $4,300 $4,300 $0
2017 -- $4,500 $4,500 $0
2016 -- $5,000 $5,000 $0
2015 -- $5,000 $0 $0
2014 -- $7,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Pete Platte Real Estate Agent - Gaslight Group Properties

    Seller's Agent in 2025

    Pete Platte

    Gaslight Group Properties

    (231) 838-0935

    107 Total Sales

    Pete Platte
    Section Image
  • Beth Flynn Real Estate Agent - @properties Christie's International Real Estate - Petoskey

    Buyer's Agent in 2025

    Beth Flynn

    @properties Christie's International Real Estate - Petoskey

    (231) 373-3400

    67 Total Sales

    Beth Flynn
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 477153

Northern Michigan MLS

APN: 14-17-33-451-117

Michigan Emmet County Petoskey 49770

720 Franklin Estates, 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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