NOT LISTED FOR SALE

7384 Preserve Dr N Petoskey, MI 49770

Estimated Value: $8,967,006

3.6 Acres
$2,490,835 Price per Acre
156,816 Sq Ft Lot

Last Sold December 12, 2018

Last sale price $2,018,000

Est. 344% increase in value since last sale

Current estimated payment $51,643/month

32 Days on Market

Highlights

  • 622 Feet of Waterfront
  • Landscaped with Trees
  • Level Lot
  • 3.6 Acre Lot

About This Lot

As of December 2018

ABSOLUTE AUCTION – No Minimum, No Reserve. Bid online beginning Tuesday, October 9th at www.interluxe.com. Schedule a preview of the property Fri, Oct. 5th & Sat. Oct. 6th from 11-3pm and Sun, Oct. 7th 1-4pm. Birch Haven is a truly a one of a kind luxury property starting with the only property having it's own private gate within the gated community of Bay Harbor. The property offers 622’ of Lake Michigan waterfront. The property is permitted for your own private marina and the creation of a boat basin has been approved by the Army Corp of Engineers and Michigan Department of Environmental Quality. Plenty of land for a family compound of multiple residences or one large private estate. Sit and enjoy panoramic sunrise and sunset view over Lake Michigan from this spectacular parcel and take in the beauty Northern Michigan has to offer! Contact agent or Interluxe.com for full terms and conditions of the sale and schedule appointment to preview the property.

Last Agent to Sell the Property

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC Listed on: 09/10/2018

Last Buyer's Agent

Charity Fuhrman

Berkshire Hathaway HomeServices Michigan Real Estate - HS

Berkshire Hathaway HomeServices Michigan Real Estate - HS

Property Details

Property Type

  • Land

Lot Details

  • 3.6 Acre Lot
  • 622 Feet of Waterfront
  • Level Lot
  • Landscaped with Trees
  • Property is zoned PUD

Utilities

  • Underground Utilities
  • Septic System
  • Phone Available
  • Cable TV Available

Additional Features

  • Water Views
  • Mineral Rights

Listing and Financial Details

  • Assessor Parcel Number 5218063000004/52180711000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Type: Lots/Land
  • Type 2: Lot
  • Lvt Date: 09/10/2018
  • Section: 06 & 07
  • Hd Approved: Y
  • Second Address Number: 7384
  • Directions: 2 miles Southwest of Petoskey to the Preserve gate.
  • OFFICELIST_STATE: MI
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Features: Electric, Phone, Mixed Trees, Natural Gas, Cable TV, Under Ground Utilities, Mineral Rights, City Utilities

Exterior Features

  • Lake: Michigan
  • Waterfront Frontage: 622
  • Waterfront Water Access: Water Front
  • Water View: Yes
  • Wf Wa Ownership Type: Deeded and Private Ownership

Utilities

  • Sewer: Septic
  • Water: City

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: irregular
  • Estimated Number of Acres: 3.6
  • Lot: Y
  • Zoning: PUD
  • Number Of Acres: 2.01 - 4
  • Terrain: Flat, Gently Rolling

Tax Info

  • Assessor Parcel Number: 5218063000004/52180711000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2018
Closed on
Dec 11, 2018
Sold by
Birch Haven Llc
Bought by
Lemmen Todd
Seller's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Charity Fuhrman
Berkshire Hathaway HomeServices Michigan Real Estate - HS
List Price
$4,900,000
Sold Price
$2,018,000
Premium/Discount to List
-$2,882,000
-58.82%
Current Estimated Value
$8,967,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,949,006
Avg. Annual Appreciation
23.78%

Purchase Details

Closed on
May 16, 2011
Sold by
Johnson David V
Bought by
Birch Haven Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lemmen Todd $2,018,000 --
Birch Haven Llc -- --
Johnson David -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Johnson David $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2018 12/12/18 Sold $2,018,000 -58.8% --
09/10/2018 09/10/18 For Sale $4,900,000 -- --
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 $53,714 $3,764,200 $3,764,200 $0
2024 $53,714 $2,214,200 $2,214,200 $0
2023 $54,189 $1,929,400 $1,929,400 $0
2022 $54,189 $1,024,800 $1,024,800 $0
2021 $55,276 $1,041,700 $1,041,700 $0
2020 $56,194 $1,041,700 $1,041,700 $0
2019 -- $1,041,700 $1,041,700 $0
2018 -- $1,041,700 $1,041,700 $0
2017 -- $1,041,700 $1,041,700 $0
2016 -- $1,041,700 $1,041,700 $0
2015 -- $1,458,300 $0 $0
2014 -- $1,458,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 456604

Northern Michigan MLS

APN: 52-18-06-300-007