NOT LISTED FOR SALE

7224 Preserve Dr N Petoskey, MI 49770

Petoskey Area

Estimated Value: $3,845,770 - $4,576,000

7 Beds
7 Baths
7,490 Sq Ft
$564/Sq Ft Est. Value

Sale Details

Date Sold: April 19, 2017

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

Est. 159% increase in value since last sale

Current estimated payment $24,050 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

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

Lot Details

1 Acres

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
  • 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

Lot Info

  • Estimated Number of Acres: 1
  • Zoning: PUD

Tax Info

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

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
Mar 3, 2016
Closed on
Apr 17, 2017
Sold by
Karmanos Peter and Karmanos Jason
Bought by
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
$3,881,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,382,899
Avg. Annual Appreciation
11.69%

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Petoskey, MI

  • Shelly Novotny Real Estate Agent - Real Estate One - Charlevoix

    Shelly Novotny

    Real Estate One - Charlevoix

    (231) 244-6564

    63 Total Sales

    2 in Petoskey

    $401K - $520K Price Range

    Shelly Novotny
     Section Image
  • Christina Roberts Real Estate Agent - Keller Williams - Northern Michigan

    Christina Roberts

    Keller Williams - Northern Michigan

    (231) 244-2315

    135 Total Sales

    5 in Petoskey

    $400K - $505K Price Range

    Christina Roberts
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  • Kristin Rashid Real Estate Agent - Real Estate One-Milford

    Kristin Rashid

    Real Estate One-Milford

    (810) 644-1220

    77 Total Sales

    2 in Petoskey

    $412,000 Price Range

    Kristin Rashid
     Section Image
  • Kristin Clark Real Estate Agent - Gaslight Group Properties

    Kristin Clark

    Gaslight Group Properties

    (517) 246-0934

    31 Total Sales

    5 in Petoskey

    $430K - $1.2M Price Range

    Kristin Clark
     Section Image
  • Sarah Jones Real Estate Agent - Key Realty One

    Sarah Jones

    Key Realty One

    (760) 253-8063

    89 Total Sales

    2 in Petoskey

    $15K - $108K Price Range

    Sarah Jones
     Section Image
  • Christy Berry Real Estate Agent - Compass RE Texas, LLC.

    Christy Berry

    Compass RE Texas, LLC.

    (817) 670-9178

    98 Total Sales

    1 in Petoskey

    $1,407,000 Price

    Christy Berry
     Section Image
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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
-- Crossroads Title
Karmanos Pta $2,050,000 --
Boyne Usa -- --
Boyne Usa New95 Rps $1,000,000 --
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 $388,000
Closed Eyde Samuel C $400,000
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
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

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 $32,804 $1,242,500 $1,242,500 $0
2025 $32,804 $1,779,200 $1,779,200 $0
2024 $314 $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 Real Estate Agent - Kidd & Leavy Real Estate Co. LLC

    Seller's Agent in 2017

    Patrick Leavy

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-6700

    360 Total Sales

    Patrick Leavy
    Section Image
  • Wally Kidd Real Estate Agent - Kidd & Leavy Real Estate Co. LLC

    Seller Co-Listing Agent in 2017

    Wally Kidd

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-2700

    149 Total Sales

    Wally Kidd
    Section Image
  • Ken Ames Real Estate Agent - Kidd & Leavy Real Estate Co. LLC

    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

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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