NOT LISTED FOR SALE

7224 Preserve Dr N Petoskey, MI 49770

Estimated Value: $870,000 - $5,410,000

7 Beds
7 Baths
7,490 Sq Ft
$466/Sq Ft Est. Value

Last Sold April 19, 2017

Last sale price $1,499,000 $200 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $21,728/month

354 Days on Market

Highlights

  • 155 Feet of Waterfront
  • Radiant Floor
  • Main Floor Primary Bedroom
  • Deck
  • Cathedral Ceiling
  • First Floor Utility Room

About This Home

As of April 2017

This impressive family estate pays stunning tribute to 1920s Greene & Greene arts and crafts architecture. Massive displays of a warm wood internal support system mingle with satin-finish Brazilian cherry underfoot. With views of Lake Michigan, the property’s wooded lots boasts 155 waterfront feet in the private luxury gated Preserve of Bay Harbor. Seven bedrooms, five baths, two half baths and approximately 7,490 square feet complement the exterior’s rolled roof, sweeping deck and mature hardwoods.

Last Agent to Sell the Property

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC Listed on: 03/03/2016

Co-Listed By

Wally Kidd

Kidd & Leavy Real Estate Co. LLC

Last Buyer's Agent

Ken Ames

Kidd & Leavy Real Estate Co. LLC License #6502351312

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,804

Lot Details

  • 1 Acre Lot
  • 155 Feet of Waterfront
  • Property is zoned PUD

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 7,490 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Water Views
  • Home Security System

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Radiant Floor

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Car Attached Garage
  • Driveway

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Hot Water Baseboard Heater

Community Details

  • Property has a Home Owners Association
  • Bay Harbor Bh Association

Listing and Financial Details

  • Assessor Parcel Number 52-18-07-110-122

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,804

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 03/07/2016
  • Measurement Source: Owner
  • Section: 7
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Cathedral Ceilings, Ceiling Fans, Central Air, Deck, Dishwasher, Dryer, Garbage Disposal, Paved Drive, Range, Refrigerator, Washer, Wood Floors, Security System
  • Total Finished Sq Ft: 7490
  • Master Bedroom: Dimensions: 18'2"x18, On Level: Main
  • Bedroom 2: Dimensions: 15'6"x16'10", On Level: Upper
  • Bedroom 3: Dimensions: 15'6x14, On Level: Upper
  • Bedroom 4: Dimensions: 23'3"x20'2", On Level: Upper
  • Total Rooms: 20
  • Basement: Full, Walkout, Finished
  • Dining Room: Dimensions: 17'2"x14', On Level: Main
  • Kitchen: Dimensions: 15'8"x18, On Level: Main
  • Family Room: Dimensions: 26'6"x31'9", On Level: Lower
  • Living Room: Dimensions: 27x26'4", On Level: Main
  • Above Grade Finished Sq Ft: 5170
  • Bathroom 1: Dimensions: 8'9"x16', On Level: Main
  • Bathroom 2: Dimensions: 10'6"x14", On Level: Upper
  • Number Of Bedrooms: 7
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Rooms 1: Dimensions: 15'6"x13'7", On Level: Lower
  • Rooms 2: Dimensions: 13'8"x11', On Level: Lower

Exterior Features

  • Construction: Wood Frame/Site Built
  • Lake: Michigan
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 155
  • Waterfront Water Access: Water Front
  • Water View: Y
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

  • Garage Carport: Garage-Attached
  • Gar Car Capacity: Three

Utilities

  • Heat Type: Hot Water Baseboard, In Floor Heating
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association: Bay Harbor BH
  • Association: Yes

Schools

  • School District: Petoskey

Lot Info

  • Estimated Number of Acres: 1
  • Zoning: PUD

Tax Info

  • Assessor Parcel Number: 52-18-07-110-122

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2016
Closed on
Apr 17, 2017
Sold by
Karmanos Peter and Karmanos Jason
Bought by
Eyde Samuel C and Eyde Victoria L
Seller's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Ken Ames
Kidd & Leavy Real Estate Co. LLC
List Price
$1,900,000
Sold Price
$1,499,000
Premium/Discount to List
-$401,000
-21.11%
Current Estimated Value
$3,492,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,993,767
Avg. Annual Appreciation
10.40%

Purchase Details

Closed on
Aug 1, 1997
Bought by
Karmanos Pta

Purchase Details

Closed on
Apr 1, 1995
Sold by
Bay Harbor
Bought by
Boyne Usa

Purchase Details

Closed on
Jan 1, 1995
Sold by
Bay Harbor and Bay 23 126,127
Bought by
Boyne Usa New95 Rps
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
Eyde Samuel C -- Crossroads Title
Karmanos Pta $2,050,000 --
Boyne Usa -- --
Boyne Usa New95 Rps $1,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eyde Samuel C $388,000
Closed Eyde Samuel C $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2017 04/19/17 Sold $1,499,000 -21.1% $200 / Sq Ft
02/20/2017 02/20/17 Pending -- -- --
03/03/2016 03/03/16 For Sale $1,900,000 -- $254 / 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 $32,804 $1,779,200 $1,779,200 $0
2024 $32,804 $1,644,100 $1,644,100 $0
2023 $30,085 $1,461,800 $1,461,800 $0
2022 $30,085 $942,900 $942,900 $0
2021 $29,279 $902,600 $902,600 $0
2020 $29,600 $823,500 $823,500 $0
2019 -- $871,500 $871,500 $0
2018 -- $944,500 $944,500 $0
2017 -- $1,028,700 $1,028,700 $0
2016 -- $1,013,100 $1,013,100 $0
2015 -- $995,400 $0 $0
2014 -- $729,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patrick Leavy

    Seller's Agent in 2017

    Patrick Leavy

    Kidd & Leavy Real Estate Co. LLC

    (231) 881-6639

    182 in this area

    384 Total Sales

    Patrick Leavy
    Section Image
  • Wally Kidd

    Seller Co-Listing Agent in 2017

    Wally Kidd

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-2700

    49 in this area

    177 Total Sales

    Wally Kidd
    Section Image
  • Ken Ames

    Buyer's Agent in 2017

    Ken Ames

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-7909

    74 Total Sales

    Ken Ames
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 447303

Northern Michigan MLS

APN: 52-18-07-110-122

Michigan Emmet County Petoskey 49770

7224 Preserve Dr N, Petoskey, MI

This home is located at 7224 Preserve Dr N, Petoskey, MI 49770 since 03 March 2016 and is currently estimated at $3,492,767, approximately $466 per square foot. 7224 Preserve Dr N is a home located in Emmet County with nearby schools including Petoskey High School.

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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