NOT LISTED FOR SALE

8530 Penny Ln Petoskey, MI 49770

Estimated Value: $114,000 - $144,000

8.75 Acres
$14,179 Price per Acre
381,150 Sq Ft Lot

Last Sold September 12, 2023

Last sale price $95,000

Est. 31% increase in value since last sale

Current estimated payment $808/month

About This Lot

As of September 2023

If your searching for a peaceful, private building site, close enough to enjoy all of the conveniences and amenities that Petoskey has to offer...this may be it! This property consists of 8.75 wooded acres. There is a 30'x30' cabin shell, just waiting to be finished to your specifications. Circle drive is in place with additional building site(s) already cleared. Many mature trees on the property as well as a small creek that runs through the back, providing privacy and a tranquil setting.

Last Agent to Sell the Property

Sarah Barr

Real Estate One Northern Properties License #6501437669 Listed on: 09/12/2023

Real Estate One Northern Properties

Last Buyer's Agent

AGENT OUTSIDE

OUTSIDE OFFICE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,773

Lot Details

  • 8.75 Acre Lot
  • Level Lot
  • Irregular Lot
  • Wooded Lot

Utilities

  • The stream is a source of water for the property

Property Details

Property Type

Land

Est. Annual Taxes

$1,773

Lot Details

0

Listing Details

  • Cleared Acreage: 6 - 10 Acres
  • Directions: From E Mitchell Road in Petoskey, turn right onto Penny Lane. Property is .2 miles down Penny Lane on the right. There is a sign by the road.
  • Financial Info Electric: Available
  • Land Info Mineral Rights: unknown
  • Listing Member Name: Sarah E Barr
  • Listing Office Short Id: 2221
  • Prop. Type: C
  • Co Selling Member Short Id: 057
  • Selling Office Short Id: 018
  • Lot Description Waterfront: No
  • Master Plan Zoning: Residential
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Access: County Road
  • Topography: Flat

Utilities

  • Water: Stream

Schools

  • Junior High Dist: Other

Lot Info

  • Lot Description: Irregular, Wooded Lot
  • Lot Size: Irregular
  • Estimated Number of Acres: 8.75

Rental Info

  • Lease Terms: Cash, Conventional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2023
Closed on
Sep 12, 2023
Sold by
Becker John
Bought by
Hollis Wyatt
Seller's Agent
Sarah Barr
Real Estate One Northern Properties
Buyer's Agent
AGENT OUTSIDE
OUTSIDE OFFICE
Sold Price
$95,000
Current Estimated Value
$124,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,065
Avg. Annual Appreciation
13.76%
Original Mortgage
$90,250
Outstanding Balance
$88,382
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$35,683

Purchase Details

Closed on
Jan 23, 2009
Sold by
Aurand Velma Jean
Bought by
Becker John
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hollis Wyatt $95,000 --
Becker John $39,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hollis Wyatt $90,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2023 09/12/23 Sold $95,000 -- --
Source: Fayette-Nicholas Board of REALTORS®

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 $1,773 $49,800 $28,400 $21,400
2024 $1,773 $39,900 $39,900 $0
2023 $675 $23,400 $23,400 $0
2022 $675 $22,200 $22,200 $0
2021 $654 $19,300 $19,300 $0
2020 $639 $19,300 $19,300 $0
2019 -- $17,500 $17,500 $0
2018 -- $15,600 $15,600 $0
2017 -- $13,500 $13,500 $0
2016 -- $13,500 $13,500 $0
2015 -- $12,900 $0 $0
2014 -- $15,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Fayette-Nicholas Board of REALTORS®

MLS Number: 23-719

APN: 14-20-04-400-026