NOT LISTED FOR SALE

7344 Preserve Dr N Petoskey, MI 49770

Estimated Value: $900,000 - $4,775,610

5 Beds
4.5 Baths
5,622 Sq Ft
$569/Sq Ft Est. Value

Last Sold September 13, 2024

Last sale price $4,600,000 $818 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $20,305/month

26 Days on Market

Highlights

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

About This Home

As of September 2024

Welcome to your waterfront oasis in the highly sought after Preserve Community in Bay Harbor. This stunning home offers 155’ of Lake Michigan waterfront and sits on a perfectly landscaped lot surrounded by mature trees for privacy. Over 5,600 Sq.Ft. of interior living space provides plenty of room for family and guests. Built in 2019 and designed by Frederic Ball, the interior is bright and fresh; boasting an open floorplan with unobstructed Lake Michigan views from almost every room. The kitchen is filled with beautiful white custom cabinetry, granite countertops, and large island illuminated by pendant lighting. White oak flooring flows throughout and the living room offers a gas fireplace surrounded by built ins. The spacious main level master suite is complete with a soaker tub, tile shower, and walk in closet. Access to the patio allows for watching the famous northern Michigan sunsets, and just off the bedroom is a private sitting area that can be used as an office to provide the perfect retreat for working from home. A large mudroom and laundry room round out the main level and are just inside the entry to the three car garage, which has a guest suite above. Upstairs are three additional bedrooms and two full baths with a sitting area for relaxing. The back patio is perfect for entertaining or enjoying a summer cook-out before making your way to the fire pit to roast s’mores. Enjoy the seclusion that the Preserve offers while still being a quick GEM car ride to all the amenities that Bay Harbor offers. Home is offered mostly furnished.

Last Agent to Sell the Property

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC Listed on: 08/18/2024

Last Buyer's Agent

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC Listed on: 08/18/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,029

Year Built

  • Built in 2019

Lot Details

  • 155 Feet of Waterfront
  • Sprinkler System
  • Property is zoned RT PUD 2

HOA Fees

  • $417 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 5,622 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Family Room on Second Floor
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Wood Flooring
  • Water Views
  • Home Security System

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Driveway

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • Bay Harbor Bh Association

Listing and Financial Details

  • Assessor Parcel Number 52-18-07-110-126

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,029

Year Built

Built in 2019

Lot Details

0

HOA Fees

$417 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2019
  • Lvt Date: 08/18/2024
  • Section: 7
  • Second Address Number: 7344
  • Directions: Bay Harbor Preserve entrance, left onto Preserve Drive, home is on the right
  • Price per Sq Ft: 818.21
  • OFFICELIST_STATE: MI
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2019

Interior Features

  • Features: Built In Microwave, Cable, Cathedral Ceilings, Ceiling Fans, Central Air, Deck, Dishwasher, Dryer, Garbage Disposal, Gas Fireplace, Patio, Paved Drive, Range, Refrigerator, Sprinkler System, Washer, Wood Floors, Security System, Paved Road
  • Total Finished Sq Ft: 5622
  • Master Bedroom: Dimensions: 21x29, On Level: Main
  • Bedroom 2: Dimensions: 13x26, On Level: Upper
  • Bedroom 3: Dimensions: 12x13, On Level: Upper
  • Bedroom 4: Dimensions: 15x27, On Level: Upper
  • Total Rooms: 21x10
  • Dining Room: On Level: Main
  • Kitchen: Dimensions: 25x26, On Level: Main
  • Family Room: Dimensions: 22x26, On Level: Upper
  • Living Room: Dimensions: 21x32, On Level: Main
  • Above Grade Finished Sq Ft: 5622
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Rooms 1: Dimensions: bdrm 24x39, On Level: Upper
  • Rooms 2: Dimensions: office, On Level: Main

Exterior Features

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

Garage/Parking

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

Utilities

  • Heat Type: Natural Gas, Forced Air
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association: Bay Harbor BH
  • Association: Yes
  • Fees: 5000

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Zoning: RT PUD 2

Tax Info

  • Assessor Parcel Number: 52-18-07-110-126

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2024
Closed on
Sep 11, 2024
Sold by
Vaughn William and Vaughn Nancy
Bought by
Slavsky John R and Slavsky Carol A
Seller's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
List Price
$4,900,000
Sold Price
$4,600,000
Premium/Discount to List
-$300,000
-6.12%
Views
54
Current Estimated Value
$3,197,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,402,463
Avg. Annual Appreciation
-30.54%

Purchase Details

Closed on
Aug 19, 2021
Sold by
Peninsula Drive Properties Llc
Bought by
Vaughn William and Vaughn Nancy

Purchase Details

Listed on
May 23, 2018
Closed on
Jun 11, 2018
Sold by
Zimmerman Loren D and Zimmerman Beth L
Bought by
Peninsula Drive Props Llc
Seller's Agent
Stephanie Jones
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Stephanie Jones
Kidd & Leavy Real Estate Co. LLC
List Price
$515,000
Sold Price
$515,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.41%

Purchase Details

Listed on
Mar 13, 2017
Closed on
Oct 12, 2017
Sold by
Coastal Cliffs Llc
Bought by
Zimmerman Loren D and Zimmerman Beth L
Seller's Agent
Jaime Rae Turnbull
Higbie Maxon Agney Inc
Buyer's Agent
Non Member
NON MEMBER
List Price
$499,000
Sold Price
$250,000
Premium/Discount to List
-$249,000
-49.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
194.08%

Purchase Details

Closed on
Apr 1, 2008
Sold by
Zuccarini Steven E and Zuccarini Deborah J
Bought by
Coastal Cliffs Llc

Purchase Details

Closed on
Jul 16, 2002
Bought by
Zuccarini Steven E and Zuccarini Deborah J

Purchase Details

Closed on
Dec 13, 1999
Bought by
Nicholson Raymond J Jr Trust

Purchase Details

Closed on
Aug 1, 1996
Sold by
Bay Harbor and Bay 27
Bought by
Nicholson Pta
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Slavsky John R -- --
Vaughn William -- --
Peninsula Drive Props Llc $515,000 --
Zimmerman Loren D -- Crossroads Title
Coastal Cliffs Llc -- --
Zuccarini Steven E $1,000,000 --
Nicholson Raymond J Jr Trust $890,000 --
Nicholson Pta $890,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2024 09/13/24 Sold $4,600,000 -6.1% $818 / Sq Ft
08/18/2024 08/18/24 For Sale $4,900,000 +851.5% $872 / Sq Ft
06/14/2018 06/14/18 Sold $515,000 0.0% --
05/25/2018 05/25/18 Pending -- -- --
05/23/2018 05/23/18 For Sale $515,000 +106.0% --
10/13/2017 10/13/17 Sold $250,000 0.0% --
10/03/2017 10/03/17 Pending -- -- --
09/21/2017 09/21/17 Price Changed $250,000 -49.9% --
03/13/2017 03/13/17 For Sale $499,000 -- --
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 $36,029 $1,165,200 $1,165,200 $0
2024 $36,029 $1,064,300 $1,064,300 $0
2023 $32,805 $949,900 $949,900 $0
2022 $32,805 $620,400 $620,400 $0
2021 $30,081 $598,400 $598,400 $0
2020 $22,279 $413,000 $413,000 $0
2019 -- $246,500 $246,500 $0
2018 -- $283,900 $283,900 $0
2017 -- $283,900 $283,900 $0
2016 -- $283,900 $283,900 $0
2015 -- $283,900 $0 $0
2014 -- $283,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 474669

Northern Michigan MLS

APN: 52-18-07-110-126