NOT LISTED FOR SALE

7833 Indian Garden Petoskey, MI 49770

Estimated Value: $3,644,328 - $5,257,000

5 Beds
4 Baths
3,783 Sq Ft
$1,176/Sq Ft Est. Value

Last Sold September 27, 2012

Last sale price $1,300,000 $344 Per Sq Ft

Est. 242% increase in value since last sale

Current estimated payment $27,577/month

223 Days on Market

Highlights

  • 185 Feet of Waterfront
  • Wood Flooring
  • First Floor Utility Room
  • Deck
  • Main Floor Primary Bedroom
  • 2 Car Detached Garage

About This Home

As of September 2012

This spacious cottage, originally built in the early 1900's, was renovated and expanded in 1977.  The estate size parcel boasts 185 feet of water front footage and its deep lot allows for great privacy. The cottage is perched 25 feet from the waters edge. It offers five bedrooms, two and one-half baths with over 3,000 square feet of finished living space and a detached garage. Close to Petoskey, Bay Harbor and Northern Michigan Regional Hospital.

Last Agent to Sell the Property

Wally Kidd

Kidd & Leavy Real Estate Co. LLC Listed on: 01/27/2012

Last Buyer's Agent

Wally Kidd

Kidd & Leavy Real Estate Co. LLC Listed on: 01/27/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $50,820

Lot Details

  • 1.78

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,783 Sq Ft Home
  • Wood Burning Fireplace
  • Double Pane Windows
  • Insulated Windows
  • Family Room
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Wood Flooring
  • Water Views
  • Finished Basement

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main

Utilities

  • Hot Water Baseboard Heater
  • Well
  • Septic System

Additional Features

  • Deck
  • 185 Feet of Waterfront

Listing and Financial Details

  • Assessor Parcel Number 13-12-21-01-376-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$50,820

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Measurement Source: Appraiser
  • Section: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Deck, Dishwasher, Garbage Disposal, Range, Refrigerator, Wood Fireplace, Wood Floors
  • Total Finished Sq Ft: 3783
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Total Rooms: 10
  • Basement: Finished
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Main
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 2835
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Main
  • Number Of Bedrooms: 5
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Rooms 1: On Level: Main
  • Rooms 2: On Level: N/A
  • Windows: Insulated, Double

Exterior Features

  • Construction: Wood Frame/Site Built, Concrete/Block
  • Lake: Walloon
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 185
  • Waterfront Water Access: Water Front
  • Water View: Y
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

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

Utilities

  • Heat Type: Hot Water Baseboard
  • Sewer: Septic
  • Water: Well

Schools

  • School District: Petoskey

Lot Info

  • Zoning: residential

Tax Info

  • Assessor Parcel Number: 13-12-21-01-376-006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2012
Closed on
Sep 26, 2012
Sold by
Walenta Michael T and Ondrusek Martha
Bought by
Collins Eric W and Collins Donna P
Seller's Agent
Wally Kidd
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Wally Kidd
Kidd & Leavy Real Estate Co. LLC
List Price
$1,750,000
Sold Price
$1,300,000
Premium/Discount to List
-$450,000
-25.71%
Current Estimated Value
$4,450,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,150,664
Avg. Annual Appreciation
9.86%
Original Mortgage
$417,000
Outstanding Balance
$182,524
Interest Rate
3.57%
Estimated Equity
$4,268,140
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Collins Eric W $1,300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Eric W $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2012 09/27/12 Sold $1,300,000 -25.7% $344 / Sq Ft
09/06/2012 09/06/12 Pending -- -- --
01/27/2012 01/27/12 For Sale $1,750,000 -- $463 / 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 $50,820 $1,739,400 $1,739,400 $0
2024 $50,820 $1,589,900 $1,589,900 $0
2023 $46,206 $1,396,700 $1,396,700 $0
2022 $46,206 $1,196,600 $1,196,600 $0
2021 $44,582 $1,201,400 $1,201,400 $0
2020 $43,918 $1,158,000 $1,158,000 $0
2019 -- $1,094,500 $1,094,500 $0
2018 -- $940,200 $940,200 $0
2017 -- $937,800 $937,800 $0
2016 -- $874,000 $874,000 $0
2015 -- $779,800 $0 $0
2014 -- $744,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wally Kidd

    Seller's Agent in 2012

    Wally Kidd

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-2700

    170 Total Sales

    Wally Kidd
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Map

Source: Northern Michigan MLS

MLS Number: 432502

Northern Michigan MLS

APN: 13-21-01-376-006

Michigan Emmet County Petoskey 49770

7833 Indian Garden, Petoskey, MI

This home is located at 7833 Indian Garden, Petoskey, MI 49770 since 27 January 2012 and is currently estimated at $4,450,664, approximately $1,176 per square foot. 7833 Indian Garden is a home located in Emmet County with nearby schools including Petoskey High School.

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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