NOT LISTED FOR SALE

8605 Ridgeway Rd Petoskey, MI 49770

Estimated Value: $500,000 - $551,978

4 Beds
2 Baths
2,653 Sq Ft
0.69 Acres

Last Sold October 19, 2018

Last sale price $225,000 $85 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $3,072/month

Highlights

  • Deck
  • Wood Flooring
  • 2 Car Attached Garage
  • Cathedral Ceiling
  • First Floor Utility Room
  • Living Room

About This Home

As of October 2018

Large Ranch home East of Petoskey in a very desirable neighborhood. Vaulted ceilings and open floor plan. Four large bedrooms, large two car garage and paved drive. Plumbed for third bath in basement with egress window for additional room. Priced to sell.

Last Agent to Sell the Property

Bob Smith

Coldwell Banker Schmidt - Petoskey License #6501210290 Listed on: 07/23/2018

Coldwell Banker Schmidt - Petoskey

Last Buyer's Agent

C.T. Shuman

Real Estate One

Real Estate One

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2002

Lot Details

  • 0.69

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,653 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Vinyl Clad Windows
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Wood Flooring

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Well
  • Propane Water Heater
  • Septic System

Community Details

  • Property has a Home Owners Association
  • Silver Creek Association

Listing and Financial Details

  • Assessor Parcel Number 14-20-04-225-178

Property Details

Home Type

Condominium

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2002
  • Lvt Date: 07/23/2018
  • Section: 4
  • S E V Yr: 107,800/2018
  • Second Address Number: 8605
  • Directions: Mitchell East to Silver Creek, North to Deer Path, Right to Ridgeway, Left to house.
  • OFFICELIST_STATE: MI
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2002

Interior Features

  • Features: Built In Microwave, Cathedral Ceilings, Ceiling Fans, Central Air, Deck, Dishwasher, Garbage Disposal, Gas Fireplace, Paved Drive, Range, Refrigerator, Wood Floors
  • Total Finished Sq Ft: 2653
  • Master Bedroom: Dimensions: 21 x 13, On Level: Main
  • Bedroom 2: Dimensions: 11 x 11.5, On Level: Main
  • Bedroom 3: Dimensions: 11 x 11.5, On Level: Main
  • Bedroom 4: Dimensions: 13 x 15, On Level: Lower
  • Basement: Block, Full
  • Dining Room: Dimensions: combo w/living and kitche, On Level: Main
  • Kitchen: Dimensions: 25 x 21, On Level: Main
  • Family Room: Dimensions: 26 x 24, On Level: Lower
  • Living Room: Dimensions: combo w/kitchen & dinning, On Level: Main
  • Above Grade Finished Sq Ft: 1800
  • Bathroom 1: Dimensions: 10 x 8 Master, On Level: Main
  • Bathroom 2: Dimensions: 8 x 8, On Level: Main
  • Number Of Bedrooms: 4
  • Full Bathrooms: 2
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Vinyl

Exterior Features

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

Garage/Parking

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

Utilities

  • Heat Type: Forced Air, LP Gas
  • Sewer: Septic
  • Water: Well
  • Water Heater: Gas, Propane

Condo/Co-op/Association

  • Association: Silver Creek
  • Association: Yes
  • Condo: Yes

Schools

  • School District: Petoskey

Lot Info

  • Estimated Number of Acres: 0.69
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 14-20-04-225-178

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2018
Closed on
Oct 19, 2018
Sold by
Mercer Joshua O and Mercer Lori A
Bought by
Hasse Timothy C and Hasse Theresa M
Seller's Agent
Bob Smith
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
C.T. Shuman
Real Estate One
List Price
$239,000
Sold Price
$225,000
Premium/Discount to List
-$14,000
-5.86%
Current Estimated Value
$535,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,600
Avg. Annual Appreciation
12.53%
Original Mortgage
$168,750
Outstanding Balance
$147,173
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$384,820

Purchase Details

Listed on
Apr 26, 2015
Closed on
Jul 7, 2015
Sold by
Hughes Larry T and Hughes Killie J
Bought by
Mercer Joshua O and Mercer Lori A
Seller's Agent
Michael MacCarthy
Gaslight Group Properties
Buyer's Agent
Bob Smith
Coldwell Banker Schmidt - Petoskey
List Price
$219,900
Sold Price
$215,000
Premium/Discount to List
-$4,900
-2.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.39%
Original Mortgage
$204,250
Interest Rate
4.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 13, 2012
Sold by
Hughes Larry T and Hughes Kellie J
Bought by
Hughes Larry T and Hughes Kellie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,023
Interest Rate
3.91%

Purchase Details

Closed on
Feb 20, 2002
Sold by
Mcphall Wayne
Bought by
Phelan Richard F and Mary Jane

Purchase Details

Closed on
Mar 10, 2000
Bought by
Mcpahll Wayne
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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Purchase History

Date Buyer Sale Price Title Company
Hasse Timothy C $225,000 --
Mercer Joshua O $215,000 Attorneys Title Agency
Hughes Larry T -- --
Hughes Larry T $174,000 --
Phelan Richard F $215,000 --
Mcpahll Wayne $18,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hasse Timothy C $168,750
Previous Owner Mercer Joshua O $204,250
Previous Owner Hughes Larry T $169,023
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/19/2018 10/19/18 Sold $225,000 -5.9% $85 / Sq Ft
07/23/2018 07/23/18 For Sale $239,000 +11.2% $90 / Sq Ft
07/07/2015 07/07/15 Sold $215,000 -2.2% $90 / Sq Ft View Prior Sale
05/18/2015 05/18/15 Pending -- -- --
04/26/2015 04/26/15 For Sale $219,900 -- $92 / 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 $3,495 $225,600 $225,600 $0
2024 $14 $180,900 $180,900 $0
2023 $3,217 $149,700 $149,700 $0
2022 $3,217 $120,700 $120,700 $0
2021 $3,129 $118,600 $118,600 $0
2020 $3,040 $115,800 $115,800 $0
2019 -- $116,000 $116,000 $0
2018 -- $107,800 $107,800 $0
2017 -- $107,100 $107,100 $0
2016 -- $103,200 $103,200 $0
2015 -- $94,300 $0 $0
2014 -- $86,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Bob Smith

    Coldwell Banker Schmidt - Petoskey

    (231) 330-2775

    4 Total Sales

    Bob Smith
    Section Image
  • C.T. Shuman

    Buyer's Agent in 2018

    C.T. Shuman

    Real Estate One

    (231) 838-4200

    126 Total Sales

    C.T. Shuman
    Section Image
  • Michael MacCarthy

    Seller's Agent in 2015

    Michael MacCarthy

    Gaslight Group Properties

    (231) 838-7700

    181 Total Sales

    Michael MacCarthy
    Section Image
See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 456098

Northern Michigan MLS

APN: 14-20-04-225-178

Michigan Emmet County Petoskey 49770

8605 Ridgeway Rd, Petoskey, MI

Not Listed for Sale

Condos

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