7404 Preserve Dr N Petoskey, MI 49770
5
Beds
4.5
Baths
9,689
Sq Ft
2021
Built
Highlights
- Water Views
- Deck
- Wood Flooring
- Sauna
- Cathedral Ceiling
- Main Floor Primary Bedroom
About This Home
As of October 2024Located in the private and gated Preserve community, this sprawling custom home is surrounded by mature trees and sits on a perfectly landscaped lot with breathtaking views of Lake Michigan. The living room boasts cathedral ceilings, hardwood floors, floor to ceiling gas fireplace with built ins, and an abundance of natural light. The kitchen is open to the living room for easy entertaining with granite countertops, custom cabinetry, ZLine 6 burner gas range, and large island. Enjoy the wet bar that’s just off the formal dining room, and an additional sitting room rounds out the center of the home and offers access to the sprawling deck where you will relax and unwind while watching the famous northern Michigan sunsets sink into the water. The main floor master suite has two walk in closets, dual vanities, soaker tub, and tile shower. Two more en-suites and an office are on the main level, and upstairs is a sitting room and massive newly finished bedroom above the garage. Just off the garage entry is the laundry room and butler’s panty with full kitchen. The finished lower level offers more space for entertaining with a large family room, bar area for serving all your favorite cocktails, workout room with sauna, second office, wine cellar, fourth en-suite, and a hobby room. Walk out to the lower level covered patio and enjoy a soak in the hot tub or roast marshmallows on your fire pit patio overlooking Lake Michigan. The main level and lower level offices and hobby room could all be converted to additional bedrooms if extra space is needed, making this an 8 bedroom home. An oversized three car garage will house all your vehicles and toys. On Preserve Drive, you are surrounded by peace and tranquility with close proximity to the Village of Bay Harbor and downtown Petoskey. This location can't be beat! Experience all the amenities that Bay Harbor offers while enjoying seclusion and privacy. Home is offered mostly furnished.
Last Agent to Sell the Property
Kidd & Leavy Real Estate Co. LLC Listed on: 02/15/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $30,672
Year Built
- Built in 2021
Lot Details
- Property is zoned RT PUD-2
HOA Fees
- $417 Monthly HOA Fees
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 9,689 Sq Ft Home
- 2-Story Property
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Family Room
- Living Room
- Dining Room
- Lower Floor Utility Room
- Sauna
- 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
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 3 Car Attached Garage
- Driveway
Outdoor Features
- Deck
- Patio
Utilities
- Central Air
- Heating System Uses Natural Gas
- Cable TV Available
Community Details
- Bay Harbor Bh Association
Listing and Financial Details
- Assessor Parcel Number 52-18-07-110-128
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2024
Closed on
Oct 7, 2024
Sold by
Boor David J and The David J Boor 2021 Irrevocable Trust
Bought by
Stein William J and Stein Sharon L
Seller's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
List Price
$5,400,000
Sold Price
$4,700,000
Premium/Discount to List
-$700,000
-12.96%
Views
744
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,648,704
Avg. Annual Appreciation
-38.79%
Purchase Details
Closed on
Oct 1, 2021
Sold by
Boor David J
Bought by
Boor David J 2021 Trust
Purchase Details
Closed on
Sep 29, 2021
Sold by
Boor David J
Bought by
Boor David J
Purchase Details
Closed on
Apr 2, 2021
Sold by
Boor David
Bought by
Boor David J and Boor Lori Morgan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,464,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 27, 2020
Sold by
United States Of America
Bought by
David Boor
Purchase Details
Closed on
Nov 14, 2011
Sold by
Sterling Properties Of Bay Harbor Llc
Bought by
Preserve 28 Llc
Purchase Details
Closed on
Feb 12, 2010
Sold by
Tomas Mark and Tomas Jennifer T
Bought by
Sterling Properties Of Bay Harbor Llc
Purchase Details
Closed on
Jul 11, 2005
Sold by
Forney Robert H and Forney Nancy J
Bought by
Tomas Mark
Purchase Details
Closed on
Mar 30, 1999
Sold by
Kurn Samuel P and Kurn Marilyn J
Bought by
Forney Robert H and Forney Nancy J
Purchase Details
Closed on
Mar 1, 1995
Sold by
Bay Harbor
Bought by
Kurn New94 Pta
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $80,000 | -- | |
| Warranty Deed | $310,000 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $405,000 | -- | |
| Warranty Deed | $419,000 | -- | |
| Warranty Deed | $205,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,464,000 | New Conventional | |
| Previous Owner | $0 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/07/2024 10/07/24 | Sold | $4,700,000 | -5.1% | $485 / Sq Ft |
| 06/05/2024 06/05/24 | Price Changed | $4,950,000 | -8.3% | $511 / Sq Ft |
| 02/15/2024 02/15/24 | For Sale | $5,400,000 | -- | $557 / Sq Ft |
Source: Northern Michigan MLS
Tax History Compared to Growth
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 | $30,672 | $1,190,100 | $1,190,100 | $0 |
| 2024 | $30,672 | $1,107,500 | $1,107,500 | $0 |
| 2023 | $21,410 | $980,300 | $980,300 | $0 |
| 2022 | $21,410 | $404,900 | $404,900 | $0 |
| 2021 | $7,264 | $136,900 | $136,900 | $0 |
| 2020 | $3,053 | $136,900 | $136,900 | $0 |
| 2019 | -- | $136,900 | $136,900 | $0 |
| 2018 | -- | $136,900 | $136,900 | $0 |
| 2017 | -- | $136,900 | $136,900 | $0 |
| 2016 | -- | $136,900 | $136,900 | $0 |
| 2015 | -- | $136,900 | $0 | $0 |
| 2014 | -- | $136,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Patrick Leavy
Seller's Agent in 2024
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
(231) 881-6639
183 in this area
385 Total Sales
Map
Source: Northern Michigan MLS
MLS Number: 473095
APN: 52-18-07-110-128
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