Seller's Agent in 2020
Michael MacCarthy
Gaslight Group Properties
(231) 838-7700
63 in this area
179 Total Sales
818 E Lake St Petoskey, MI 49770
Estimated Value: $963,614 - $1,042,000
4
Beds
3.5
Baths
2,600
Sq Ft
$383/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Thermal Windows
- Living Room
- 1 Car Detached Garage
- Patio
- Central Air
About This Home
As of August 2020Classic American Four Square Architecture on a mammoth double lot (100 x 143) located on Petoskey's coveted upper east side where young families and retirees have been making significant investments based on proximity to the bustling Gaslight District and walkability to 6 different schools. This recently renovated home is in move-in condition and boasts 4 bedrooms and 3.5 baths, but the real value here lies in the lot. On the sun drenched east and south side of this home there is room for most of what your imagination can conjure. Petoskey is a town of mostly 50 foot lots and stringent zoning laws that leave little room for site expansion, so having this much room is a tremendously valuable asset both now and in the future. Only one block to the Winter Sports Park, Petoskey's 4 seasons recreation area, and just up the hill from the famed Little Traverse Wheelway. This is classic northern Michigan living on a special lot and in the best area of Petoskey. Call today for more details and a personal COVID-19 conscious tour.
Home Details
Home Type
- Single Family
Lot Details
- 0.31
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 2,600 Sq Ft Home
- Ceiling Fan
- Wood Burning Fireplace
- Thermal Windows
- Insulated Windows
- Living Room
- Dining Room
- Wood Flooring
Kitchen
- Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom Upstairs
Laundry
- Dryer
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 1 Car Detached Garage
- Driveway
Utilities
- Central Air
- Hot Water Baseboard Heater
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- Cable TV Available
Additional Features
- Patio
- Lot Dimensions are 100 x 143
Listing and Financial Details
- Assessor Parcel Number 52-19-05-126-051
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 22, 2020
Closed on
Aug 24, 2020
Sold by
Mayfield R Glen
Bought by
Wilson Greig Andrew and Meek Kimberly Clarkson
Seller's Agent
Michael MacCarthy
Gaslight Group Properties
Buyer's Agent
Carol Fay
Coldwell Banker Schmidt - Petoskey
List Price
$499,000
Sold Price
$480,000
Premium/Discount to List
-$19,000
-3.81%
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
$452,048
Avg. Annual Appreciation
14.62%
Purchase Details
Closed on
Jul 22, 2014
Sold by
Melissa Pauline Melissa Pauline and Mayfield Melissa R
Bought by
Mayfield R Glen
Purchase Details
Closed on
Oct 15, 2007
Sold by
Peek William G and Peek Patricia L
Bought by
Mayfield R Glen R and Mayfield Melissa R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.33%
Purchase Details
Closed on
Oct 1, 1991
Bought by
Peek
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wilson Greig Andrew | $480,000 | -- | |
| Mayfield R Glen | $95,000 | -- | |
| Mayfield R Glen R | -- | -- | |
| Peek | $95,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mayfield R Glen R | $216,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/24/2020 08/24/20 | Sold | $480,000 | -3.8% | $185 / Sq Ft |
| 05/22/2020 05/22/20 | For Sale | $499,000 | -- | $192 / 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 | $9,427 | $362,300 | $362,300 | $0 |
| 2024 | $9,427 | $331,000 | $331,000 | $0 |
| 2023 | $9,996 | $241,600 | $241,600 | $0 |
| 2022 | $9,996 | $192,400 | $192,400 | $0 |
| 2021 | $9,711 | $183,000 | $183,000 | $0 |
| 2020 | $3,998 | $157,100 | $157,100 | $0 |
| 2019 | -- | $150,700 | $150,700 | $0 |
| 2018 | -- | $153,800 | $153,800 | $0 |
| 2017 | -- | $149,200 | $149,200 | $0 |
| 2016 | -- | $145,200 | $145,200 | $0 |
| 2015 | -- | $126,400 | $0 | $0 |
| 2014 | -- | $126,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael MacCarthy
-
Carol Fay
Buyer's Agent in 2020
Carol Fay
Coldwell Banker Schmidt - Petoskey
(231) 330-0876
22 in this area
68 Total Sales
Map
Source: Northern Michigan MLS
MLS Number: 461897
APN: 52-19-05-126-051
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