NOT LISTED FOR SALE

811 Emmet St Petoskey, MI 49770

Estimated Value: $450,000 - $655,000

8 Beds
3 Baths
4,400 Sq Ft
$121/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $390,000 $89 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,649/month

51 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Thermal Windows
  • Forced Air Heating System
  • Lower Floor Utility Room
  • Living Room
  • 3-minute walk to Bear River Park

About This Home

As of July 2022

Fantastic opportunity to purchase this special income property just 3 blocks from downtown Petoskey. Zoned B-2B, this property is eligible for a SHORT TERM RENTAL LICENSE! With 3 units, it sets up perfectly to live in one unit and rent out the other two. Opportunities like this are few and far between. Time tested, proven cash-flow in a location that continues to appreciate in value. Employee housing, short or long term rental, single family home, you name it and this property can fit your needs (and the math makes sense!) Don't delay in checking this one out!

Last Agent to Sell the Property

Cam Braddock

Gaslight Group Properties Listed on: 05/11/2022

Last Buyer's Agent

Michael MacCarthy

Gaslight Group Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,943

Lot Details

  • Property is zoned B-2B

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 4,400 Sq Ft Home
  • Thermal Windows
  • Insulated Windows
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Dryer

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Basement

  • Michigan Basement
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Hot Water Baseboard Heater
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 52-19-06-426-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,943

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 05/11/2022
  • Section: 6
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Dishwasher, Dryer, Range, Refrigerator
  • Total Finished Sq Ft: 4400
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Total Rooms: 16
  • Basement: Crawl, Michigan
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: N/A
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 4400
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 8
  • Full Bathrooms: 3
  • Rooms 1: On Level: Upper
  • Rooms 2: On Level: Upper
  • Windows: Thermo, Insulated

Exterior Features

  • Construction: Wood Frame/Site Built
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Utilities

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

Schools

  • School District: Petoskey

Lot Info

  • Zoning: B-2B

Tax Info

  • Assessor Parcel Number: 52-19-06-426-011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2022
Closed on
Jul 15, 2022
Sold by
Brown Derrick
Bought by
Nomi Rentals Llc
Seller's Agent
Cam Braddock
Gaslight Group Properties
Buyer's Agent
Michael MacCarthy
Gaslight Group Properties
List Price
$399,000
Sold Price
$390,000
Premium/Discount to List
-$9,000
-2.26%
Current Estimated Value
$530,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,246
Avg. Annual Appreciation
10.52%
Original Mortgage
$216,500
Outstanding Balance
$207,588
Interest Rate
5.54%
Mortgage Type
Mortgage Modification
Estimated Equity
$322,658

Purchase Details

Listed on
Mar 14, 2013
Closed on
May 6, 2013
Sold by
Kruithoff Brown Jill
Bought by
Brown Derrick M
Seller's Agent
Trish Hartwick
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Phyllis Burkee
Jack Van Treese & Assoc..
List Price
$139,900
Sold Price
$115,000
Premium/Discount to List
-$24,900
-17.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.21%
Original Mortgage
$86,250
Interest Rate
2.6%

Purchase Details

Closed on
Jan 6, 2012
Sold by
Eh Pooled 1011 Lp
Bought by
Kruithoff Brown Jill

Purchase Details

Closed on
Nov 11, 2011
Sold by
Hsbc Bank Usa Na
Bought by
Eh Pooled 1011 Lp

Purchase Details

Closed on
Jan 7, 2010
Sold by
Watts Tl
Bought by
Hsbc Bank Usa Na and Noteholders Of Renaissance Home Equity L

Purchase Details

Closed on
Feb 14, 2002
Bought by
Fuller Edward J

Purchase Details

Closed on
Apr 1, 1997
Bought by
Nowels & Co

Purchase Details

Closed on
Feb 1, 1985
Bought by
Reid
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
Nomi Rentals Llc -- Jnorth Title Agency
Brown Derrick M $115,000 --
Kruithoff Brown Jill $22,000 --
Eh Pooled 1011 Lp -- --
Hsbc Bank Usa Na $154,928 --
Fuller Edward J $129,000 --
Nowels & Co $140,000 --
Reid $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nomi Rentals Llc $216,500
Previous Owner Brown Derrick M $0
Previous Owner Brown Derrick M $11,000
Previous Owner Brown Derrick M $86,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2022 07/15/22 Sold $390,000 -2.3% $89 / Sq Ft
05/11/2022 05/11/22 For Sale $399,000 +247.0% $91 / Sq Ft
05/08/2013 05/08/13 Sold $115,000 -17.8% $26 / Sq Ft
04/01/2013 04/01/13 Pending -- -- --
03/14/2013 03/14/13 For Sale $139,900 -- $32 / 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 $8,943 $227,500 $0 $227,500
2024 $8,943 $204,800 $0 $204,800
2023 $2,814 $161,700 $0 $161,700
2022 $2,814 $123,500 $0 $123,500
2021 $2,734 $98,200 $0 $98,200
2020 $2,741 $87,600 $0 $87,600
2019 -- $85,700 $0 $85,700
2018 -- $48,700 $0 $48,700
2017 -- $55,100 $0 $55,100
2016 -- $54,900 $0 $54,900
2015 -- $57,500 $0 $0
2014 -- $61,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cam Braddock

    Seller's Agent in 2022

    Cam Braddock

    Gaslight Group Properties

    (231) 330-9819

    24 in this area

    71 Total Sales

    Section Image
  • Michael MacCarthy

    Buyer's Agent in 2022

    Michael MacCarthy

    Gaslight Group Properties

    (231) 838-7700

    69 in this area

    191 Total Sales

    Section Image
  • Trish Hartwick

    Seller's Agent in 2013

    Trish Hartwick

    Coldwell Banker Schmidt - Petoskey

    (231) 838-0411

    74 in this area

    299 Total Sales

    Section Image
  • Phyllis Burkee

    Buyer's Agent in 2013

    Phyllis Burkee

    Jack Van Treese & Assoc..

    (231) 838-5307

    5 in this area

    15 Total Sales

    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 468144

Northern Michigan MLS

APN: 52-19-06-426-011

Michigan Emmet County Petoskey 49770

811 Emmet St, Petoskey, MI

This home is located at 811 Emmet St, Petoskey, MI 49770 since 11 May 2022 and is currently estimated at $530,246, approximately $120 per square foot. 811 Emmet St is a home located in Emmet County with nearby schools including Petoskey High School, St. Francis Xavier School, and Petoskey Montessori Children's.

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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