NOT LISTED FOR SALE

8616 Penny Ln Petoskey, MI 49770

Estimated Value: $511,152 - $601,000

3 Beds
2.5 Baths
3,010 Sq Ft
$188/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $470,000 $156 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,519/month

Highlights

  • Deck
  • Pole Barn
  • 4 Car Detached Garage
  • Wood Flooring
  • Snowmobile Trail
  • Thermal Windows

About This Home

As of September 2023

Introducing a stunning 3 bed, 2.5 bath home nestled on 5.5 acres of picturesque land. This spacious 3010 sqft residence comes furnished & boasts an array of impressive features, starting with a movie theater for the ultimate cinematic experience. Additionally, a 40x60 pole barn provides ample storage space or can be utilized for various purposes to suit your needs. Noteworthy is the newer hybrid-geothermal heating and cooling unit, ensuring a comfortable and energy-efficient environment year-round. With this innovative system, the LP tank's usage has been significantly reduced, consuming less than 10% per year. The master bedroom is very large for your comfort. Step inside to discover the allure of 9-foot ceilings throughout the entire home creating an open and airy atmosphere. The basement which features plumbing ready for a 4th bathroom, and a 4th bedroom could easily be added in the home as well. This delightful property offers a unique blend of modern conveniences and natural beauty, making it the perfect place to call home.

Last Agent to Sell the Property

Nate Granata

Berkshire Hathaway HomeServices Real Estate License #6501442311 Listed on: 08/16/2023

Berkshire Hathaway HomeServices Real Estate

Last Buyer's Agent

Mandi Maghakian

@properties Christie's International Real Estate - Petoskey License #6501417157

@properties Christie's International Real Estate - Petoskey

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,064

Year Built

  • Built in 2007

Lot Details

  • 5.5 Acre Lot

Parking

  • 4 Car Detached Garage

Home Design

  • Poured Concrete
  • Asphalt Shingled Roof
  • Modular or Manufactured Materials

Interior Spaces

  • 3,010 Sq Ft Home
  • Ceiling Fan
  • Thermal Windows
  • Blinds
  • Family Room
  • Living Room
  • Dining Room
  • Second Floor Utility Room
  • Wood Flooring

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Pole Barn

Utilities

  • Central Air
  • Geothermal Heating and Cooling
  • Well
  • Propane Water Heater
  • Septic System
  • Satellite Dish

Community Details

  • Snowmobile Trail

Listing and Financial Details

  • Assessor Parcel Number 14-20-04-400-022

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,064

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2007
  • Lvt Date: 08/16/2023
  • Section: 4
  • Second Address Number: 8616
  • Directions: Mitchell Rd east
  • Price per Sq Ft: 156.15
  • OFFICELIST_STATE: MI
  • Street Designation: Lane
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2007

Interior Features

  • Features: Built In Microwave, Ceiling Fans, Central Air, Deck, Dishwasher, Dryer, Mini Blinds, Range, Refrigerator, Satellite Dish, Washer, Wood Floors, Near Snowmobile Trails
  • Total Finished Sq Ft: 3010
  • Master Bedroom: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: N/A
  • Total Rooms: 9
  • Basement: Poured
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Main
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 2560
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Thermo

Exterior Features

  • Construction: Modular-BOCA-Wood Frame
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Garage/Parking

  • Garage Carport: Garage-Detached
  • Gar Car Capacity: Four +

Utilities

  • Heat Type: Geothermal
  • Sewer: Septic
  • Water: Well
  • Water Heater: Propane

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Estimated Number of Acres: 5.5
  • Lot: Y
  • Zoning: R

Tax Info

  • Assessor Parcel Number: 14-20-04-400-022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2023
Closed on
Sep 8, 2023
Sold by
Zimonick Richard D and Zimonick Devon M
Bought by
Goldsborough Mark Jeremy and Goldsborough Stephanie Joy
Seller's Agent
Nate Granata
Berkshire Hathaway HomeServices Real Estate
Buyer's Agent
Mandi Maghakian
@properties Christie's International Real Estate - Petoskey
List Price
$449,000
Sold Price
$470,000
Premium/Discount to List
$21,000
4.68%
Views
112
Current Estimated Value
$566,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,288
Avg. Annual Appreciation
7.82%
Original Mortgage
$446,500
Outstanding Balance
$437,871
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$108,055

Purchase Details

Listed on
Oct 24, 2019
Closed on
Apr 22, 2020
Sold by
Mattson Carol N Trust
Bought by
Zimonick Richard D and Zimonick Devon M
Seller's Agent
Carol Fay
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Wally Kidd
Kidd & Leavy Real Estate Co. LLC
List Price
$325,000
Sold Price
$315,000
Premium/Discount to List
-$10,000
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.57%
Original Mortgage
$309,294
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 17, 2010
Sold by
Mattson Carol N
Bought by
Mattson Carol N and Carol N Mattson Trust Dated Oc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
4.96%

Purchase Details

Closed on
Aug 19, 2005
Sold by
Aurand Velma Jean
Bought by
Mattson Carol
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
Goldsborough Mark Jeremy $470,000 Title Resource Agency
Zimonick Richard D -- --
Mattson Carol N -- --
Mattson Carol N $42,000 --
Mattson Carol $42,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goldsborough Mark Jeremy $446,500
Previous Owner Zimonick Richard D $309,294
Previous Owner Mattson Carol N $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2023 09/08/23 Sold $470,000 +4.7% $156 / Sq Ft
08/16/2023 08/16/23 For Sale $449,000 +42.5% $149 / Sq Ft
04/22/2020 04/22/20 Sold $315,000 -3.1% $105 / Sq Ft View Prior Sale
10/24/2019 10/24/19 For Sale $325,000 -- $108 / 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 $6,064 $254,000 $20,500 $233,500
2024 $6,064 $230,900 $20,500 $210,400
2023 $4,275 $190,100 $14,600 $175,500
2022 $4,275 $160,400 $13,300 $147,100
2021 $4,192 $157,300 $157,300 $0
2020 $2,784 $154,000 $154,000 $0
2019 -- $126,800 $126,800 $0
2018 -- $124,100 $124,100 $0
2017 -- $120,300 $120,300 $0
2016 -- $116,000 $116,000 $0
2015 -- $106,200 $0 $0
2014 -- $100,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    Nate Granata

    Berkshire Hathaway HomeServices Real Estate

    (567) 277-7641

    54 Total Sales

    Nate Granata
    Section Image
  • Mandi Maghakian

    Buyer's Agent in 2023

    Mandi Maghakian

    @properties Christie's International Real Estate - Petoskey

    (231) 675-7494

    62 Total Sales

    Mandi Maghakian
    Section Image
  • Carol Fay

    Seller's Agent in 2020

    Carol Fay

    Coldwell Banker Schmidt - Petoskey

    (231) 330-0876

    68 Total Sales

    Carol Fay
    Section Image
  • Wally Kidd

    Buyer's Agent in 2020

    Wally Kidd

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-2700

    171 Total Sales

    Wally Kidd
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 471942

Northern Michigan MLS

APN: 14-20-04-400-022

Michigan Emmet County Petoskey 49770

8616 Penny Ln, Petoskey, MI

This home is located at 8616 Penny Ln, Petoskey, MI 49770 since 16 August 2023 and is currently estimated at $566,288, approximately $188 per square foot. This property was built in 2007. 8616 Penny Ln is a home located in Emmet County with nearby schools including Petoskey High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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