NOT LISTED FOR SALE

8445 Bear Cove Ln Petoskey, MI 49770

Estimated Value: $1,000,000 - $1,404,000

5 Beds
5 Baths
5,757 Sq Ft
$219/Sq Ft Est. Value

Last Sold May 10, 2022

Last sale price $915,000 $159 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,653/month

Highlights

  • 10 Feet of Waterfront
  • Pole Barn
  • First Floor Utility Room
  • Docks
  • Main Floor Primary Bedroom
  • Thermal Windows

About This Home

As of May 2022

Welcome to Bear Cove Village, Walloon! If you desire a home that pauses the senses and awakens the spirit, travel to this lane and be welcomed by a palette of mature hardwoods and tasteful landscaping, all before you pull into your 3-car garage. Invite the masses in the expansive 5,500+ sq. ft. three-story home, featuring 5+ spacious bedrooms, 5 full bathrooms, a grand open concept great room with romanesque old world design influences contributing to the fluidity from room to room. A beautifully manicured backyard is accessible through the walk-out finished lower level and overlooked by a wrap around porch, creating the perfect setting for entertaining or evening stargazing. Hop in the golf cart or take a short stroll to your boat, nestled in your own slip, and propel the famous green glass waters of the highly desirable Walloon Lake. With in-house marina services and your own boat storage house, lake life doesn't get more effortless. Dive in! The water is warm!

Last Agent to Sell the Property

Mallory O'Brien

Pat O'Brien & Associates - Boyne City License #6501433194 Listed on: 10/06/2021

Last Buyer's Agent

Jennifer Mancini

Berkshire Hathaway HomeServices Real Estate - BC License #6501432697

Berkshire Hathaway HomeServices Real Estate - BC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,513

Year Built

  • Built in 2004

Lot Details

  • 1.01 Acre Lot
  • 10 Feet of Waterfront

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 5,757 Sq Ft Home
  • Wet Bar
  • Thermal Windows
  • Vinyl Clad Windows
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 5 Full Bathrooms

Outdoor Features

  • Docks
  • Pole Barn

Utilities

  • Hot Water Baseboard Heater
  • Well
  • Natural Gas Water Heater
  • Septic System

Community Details

  • Bear Cove Villa Association

Listing and Financial Details

  • Assessor Parcel Number 001-180-008-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,513

Year Built

Built in 2004

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2004
  • Lvt Date: 08/13/2021
  • Measurement Source: Agent
  • Section: 21
  • S E V Yr: $245,900/2021
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2004

Interior Features

  • Features: Dock
  • Total Finished Sq Ft: 5757
  • Master Bedroom: Dimensions: 14x18, On Level: Main
  • Bedroom 2: Dimensions: 12x12, On Level: Upper
  • Bedroom 3: Dimensions: 10x12, On Level: Upper
  • Bedroom 4: Dimensions: 14x18, On Level: Lower
  • Total Rooms: 18
  • Basement: Walkout
  • Dining Room: Dimensions: 12x15, On Level: Main
  • Kitchen: Dimensions: 15x15, On Level: Main
  • Family Room: Dimensions: 26x32, plus wet bar, On Level: Lower
  • Living Room: Dimensions: 22x19, On Level: Main
  • Above Grade Finished Sq Ft: 4394
  • Bathroom 1: Dimensions: master 10x10, On Level: Main
  • Bathroom 2: Dimensions: 7x8, On Level: Main
  • Number Of Bedrooms: 5
  • Full Bathrooms: 5
  • Rooms 1: Dimensions: Bedroom, On Level: Lower
  • Rooms 2: Dimensions: 26x32 wet bar + family, On Level: Lower
  • Windows: Thermo, Vinyl

Exterior Features

  • Construction: Wood Frame/Site Built
  • Lake: Walloon
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 10
  • Waterfront Water Access: Water Front
  • Wf Separated By Road: Yes
  • Wf Wa Ownership Type: Deeded and Shared Ownership

Garage/Parking

  • Garage Carport: Garage-Attached
  • Gar Car Capacity: Three

Utilities

  • Heat Type: Hot Water Baseboard
  • Sewer: Septic
  • Water: Well
  • Water Heater: Natural Gas

Condo/Co-op/Association

  • Association: Bear Cove Villa
  • Association: Yes
  • Fees: $500
  • Other Association Fees: remarks

Schools

  • School District: Boyne City

Lot Info

  • Estimated Number of Acres: 1.01
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 001-180-008-00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2002
Bought by
Gero Thomas W and Gero Donna L
Current Estimated Value
$1,258,396
Source: Public Records

Range of Values:

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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
Gero Thomas W $78,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2022 05/10/22 Sold $915,000 -0.4% $159 / Sq Ft
03/27/2022 03/27/22 For Sale $919,000 0.0% $160 / Sq Ft
03/27/2022 03/27/22 Price Changed $919,000 +0.4% $160 / Sq Ft
10/07/2021 10/07/21 Off Market $915,000 -- --
08/21/2021 08/21/21 Price Changed $929,000 -5.1% $161 / Sq Ft
08/13/2021 08/13/21 For Sale $979,000 -- $170 / 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 $11,513 $530,000 $0 $0
2024 $5,075 $586,200 $0 $0
2023 $4,833 $457,900 $0 $0
2022 $2,234 $433,400 $0 $0
2021 $4,862 $245,900 $0 $0
2020 $4,920 $240,500 $0 $0
2019 $4,765 $241,800 $0 $0
2018 $4,654 $213,500 $0 $0
2017 $4,276 $213,500 $0 $0
2016 $4,272 $212,900 $0 $0
2015 $184,505 $210,600 $0 $0
2014 $184,505 $185,600 $0 $0
2013 -- $181,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mallory O'Brien

    Seller's Agent in 2022

    Mallory O'Brien

    Pat O'Brien & Associates - Boyne City

    (231) 675-7114

    95 Total Sales

    Mallory O'Brien
    Section Image
  • Jennifer Mancini

    Buyer's Agent in 2022

    Jennifer Mancini

    Berkshire Hathaway HomeServices Real Estate - BC

    (248) 760-0345

    214 Total Sales

    Jennifer Mancini
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 466184

Northern Michigan MLS

APN: 00118000800

Michigan Charlevoix County Petoskey 49770

8445 Bear Cove Ln, Petoskey, MI

This home is located at 8445 Bear Cove Ln, Petoskey, MI 49770 since 06 October 2021 and is currently estimated at $1,258,396, approximately $218 per square foot. This property was built in 2004. 8445 Bear Cove Ln is a home located in Charlevoix County with nearby schools including Boyne City Elementary School, Boyne City Middle School, and Boyne City High School.

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