$946,500
SOLD JAN 6, 2025

7555 Channel Rd Petoskey, MI 49770

3 Beds
1.5 Baths
1,588 Sq Ft
0.87 Acres

Recently Sold

$596 Per Sq Ft

81 Days on Market

Highlights

  • 150 Feet of Waterfront
  • Spa
  • Wood Flooring
  • Docks
  • Deck
  • Wood Frame Window

About This Home

As of January 2025

Welcome to 7555 Channel Road in Petoskey where you will discover the serene beauty of Crooked Lake. This exceptional property offers 150' of waterfront providing a peaceful retreat away from the westerly wind and offers breathtaking, uninterrupted natural views of the Oden Island sanctuary right across the water. The property is adorned with mature, beautiful trees, creating a picturesque and tranquil setting. This home blends nature and comfort, featuring an open concept layout with new windows (2016) in the spacious dining area, an updated kitchen, and a great room that offers expansive views of Crooked Lake and Oden Island. Enjoy all the benefits of waterfront living on the Inland Waterway yet less than 10 miles to all the amenities of downtown Petoskey and Harbor Springs. The property has been recently updated inside and out with a new roof (2016), a new furnace (2015), encapsulated crawl space, and a newer well system. Experience the private and calm side of the lake, perfect for boating, kayaking, and fishing. Additional features include a a newer washer and dryer, attached garage, and a shed for ample storage. This large lot with substantial depth and width allow for many opportunities to add on to or build an additional garage. Property can come fully furnished and turnkey. There are no short term rental restrictions and has great income potential. Open House Saturday 10/19 10 am - Noon.

Last Agent to Sell the Property

William Winslow

Coldwell Banker Schmidt- Harbor Springs Listed on: 10/17/2024

Coldwell Banker Schmidt- Harbor Springs

Last Buyer's Agent

William Winslow

Coldwell Banker Schmidt- Harbor Springs Listed on: 10/17/2024

Coldwell Banker Schmidt- Harbor Springs

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,475

Year Built

  • Built in 1965

Lot Details

  • 0.87 Acre Lot
  • Lot Dimensions are 150 x 245
  • 150 Feet of Waterfront
  • Property is zoned EC SR

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,588 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Vinyl Clad Windows
  • Blinds
  • Wood Frame Window
  • Living Room
  • Dining Room
  • Wood Flooring
  • Water Views
  • Crawl Space

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 1 Car Detached Garage
  • Driveway

Outdoor Features

  • Spa
  • Docks
  • Deck
  • Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • Natural Gas Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 14-17-29-200-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,475

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 1965
  • Lvt Date: 10/17/2024
  • Section: 29
  • Second Address Number: 7555
  • Directions: US 31 N right on Pickerel Lake Rd, stay on Channel House on left.
  • Price per Sq Ft: 596.03
  • OFFICELIST_STATE: MI
  • Street Designation: Road
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1965

Interior Features

  • Features: Built In Microwave, Ceiling Fans, Deck, Dishwasher, Dock, Hot Tub, Mini Blinds, Paved Drive, Range, Refrigerator, Wood Floors, Paved Road
  • Total Finished Sq Ft: 1588
  • Master Bedroom: Dimensions: 14 x 11.7, On Level: Main
  • Bedroom 2: Dimensions: 11.9 x 11.9, On Level: Main
  • Bedroom 3: Dimensions: 11.4 x 11.2, On Level: Main
  • Bedroom 4: On Level: N/A
  • Total Rooms: 5
  • Basement: Crawl
  • Dining Room: Dimensions: 14.2 x 10.11, On Level: Main
  • Kitchen: Dimensions: 16.10 x 11.6, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 20.2 x 19.7, On Level: Main
  • Above Grade Finished Sq Ft: 1588
  • Bathroom 1: Dimensions: 8.2 x 7.1, On Level: Main
  • Bathroom 2: Dimensions: 8.9 x 8.3, On Level: Main
  • Number Of Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Wood Sash, Vinyl

Exterior Features

  • Construction: Wood Frame/Site Built, One Story
  • Lake: Crooked
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 150
  • Waterfront Water Access: Water Front
  • Water View: Yes
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

  • Garage Carport: Garage-Detached
  • Gar Car Capacity: One

Utilities

  • Heat Type: Natural Gas, Forced Air
  • Sewer: Septic
  • Water: Well
  • Water Heater: Natural Gas

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 150 x 245
  • Estimated Number of Acres: 0.87
  • Zoning: EC SR

Tax Info

  • Assessor Parcel Number: 14-17-29-200-008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2024
Closed on
Jan 6, 2025
Sold by
Wang Eugene
Bought by
Crooked Lake Cove Llc
Seller's Agent
William Winslow
Coldwell Banker Schmidt- Harbor Springs
Buyer's Agent
William Winslow
Coldwell Banker Schmidt- Harbor Springs
List Price
$949,000
Sold Price
$946,500
Premium/Discount to List
-$2,500
-0.26%
Views
335
Current Estimated Value
$819,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$127,099
Avg. Annual Appreciation
-19.11%
Original Mortgage
$757,200
Outstanding Balance
$753,187
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$66,214

Purchase Details

Closed on
Jan 6, 2024
Sold by
Wang Eugene and Wang Allison
Bought by
Crooked Lake Grove Llc

Purchase Details

Listed on
Jul 23, 2016
Closed on
Apr 28, 2017
Sold by
Fitzpatrick Nathan C and Seibert Vixtoria M
Bought by
Darooge Brad and Darooge Amy
Seller's Agent
Victoria Seibert
Real Estate One-Rochester
Buyer's Agent
Victoria Seibert
Real Estate One-Rochester
List Price
$475,000
Sold Price
$412,500
Premium/Discount to List
-$62,500
-13.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.53%

Purchase Details

Closed on
Jan 4, 2002
Sold by
Fender Mark W and Fender Nicole C
Bought by
Fitzpatrick Nathan C and Fitzpatrick Seibert

Purchase Details

Closed on
Jun 9, 1999
Sold by
Kuebler Emma Deceased
Bought by
Fender Mark W and Fender Nicole C
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Quit Claim Deed -- --
Warranty Deed -- Talon Title Agency
Quit Claim Deed -- --
Warranty Deed $412,500 Capital Title
Warranty Deed $329,000 --
Warranty Deed $229,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $757,200 New Conventional
Previous Owner $343,300 New Conventional
Previous Owner $300,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $202,218 No Value Available
Previous Owner $246,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2025 01/06/25 Sold $946,500 -0.3% $596 / Sq Ft
10/17/2024 10/17/24 For Sale $949,000 +130.1% $598 / Sq Ft
04/28/2017 04/28/17 Sold $412,500 -9.3% $258 / Sq Ft
04/26/2017 04/26/17 Pending -- -- --
09/13/2016 09/13/16 Price Changed $455,000 -4.2% $284 / Sq Ft
07/23/2016 07/23/16 For Sale $475,000 -- $297 / 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 $10,475 $409,900 $409,900 $0
2024 $10,475 $338,200 $338,200 $0
2023 $9,584 $262,200 $262,200 $0
2022 $9,584 $224,300 $224,300 $0
2021 $9,278 $211,700 $211,700 $0
2020 $9,068 $206,700 $206,700 $0
2019 -- $202,200 $202,200 $0
2018 -- $195,600 $195,600 $0
2017 -- $162,400 $162,400 $0
2016 -- $155,000 $155,000 $0
2015 -- $148,500 $0 $0
2014 -- $137,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 475186

Northern Michigan MLS

APN: 14-17-29-200-008