NOT LISTED FOR SALE

8530 Penny Ln Petoskey, MI 49770

Estimated Value: $113,536 - $368,000

8.75 Acres
$22,872 Price per Acre
381,150 Sq Ft Lot

Last Sold September 12, 2023

Last sale price $95,000

Est. 111% increase in value since last sale

Current estimated payment $1,193/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

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
  • 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

Closed on
Jan 23, 2009
Sold by
Aurand Velma Jean
Bought by
Becker John
Current Estimated Value
$200,134
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Becker John $39,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2023 09/12/23 Sold $95,000 -- --

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

  • S

    Seller's Agent in 2023

    Sarah Barr

    Real Estate One Northern Properties

    (906) 630-6347

    49 Total Sales

    Sarah Barr
    Section Image

  • A

    Buyer's Agent in 2023

    AGENT OUTSIDE

    OUTSIDE OFFICE

    (906) 632-7336

    505 Total Sales

    AGENT OUTSIDE
    Section Image
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Map

Michigan Emmet County Petoskey 49770

8530 Penny Ln, Petoskey, MI

Not Listed for Sale

Lots

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