NOT LISTED FOR SALE

8632 Ridgeway Rd Unit 28 Petoskey, MI 49770

Estimated Value: $447,936 - $542,000

0.46 Acre
$1,105,026 Price per Acre
20,038 Sq Ft Lot

Last Sold March 03, 2022

Last sale price $8,500

Est. 5,880% increase in value since last sale

Current estimated payment $3,393/month

Highlights

  • 129 Feet of Waterfront
  • Landscaped with Trees
  • Level Lot
  • Snowmobile Trail
  • Creek or Stream

About This Lot

As of March 2022

Creekside acreage parcel in private neighborhood east of Petoskey. Offering plenty of nature and privacy, this beautiful, building site is tucked in the woods & ready for family or retirement enjoyment. Located in Silver Creek Association in the Petoskey School District. Low association dues and township taxes! Owners enjoy access to the 2000-foot-long creek which flows from the southeast to northwest. Paved private roads, natural gas and high-speed internet. The white sand bottom creek runs through the center of development and the back of this lot. Nature trails are located throughout the neighborhood for all to enjoy. Additional lots available from same seller (lots 26, 27, [continguous with #28] & 41). Contact listing agents for additional information.

Last Agent to Sell the Property

Sheela Welch

Coldwell Banker Schmidt - Petoskey Listed on: 05/10/2020

Coldwell Banker Schmidt - Petoskey

Co-Listed By

Mark Ashley

Coldwell Banker Schmidt - Petoskey License #6502139858

Last Buyer's Agent

Deena Woods

Gaslight Group Properties License #6501339611

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,892

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 155 x 130
  • 129 Feet of Waterfront
  • Creek or Stream
  • Level Lot
  • Landscaped with Trees

HOA Fees

  • $29 Monthly HOA Fees

Property Views

  • Water Views

Utilities

  • Underground Utilities
  • Well Required
  • Septic Needed
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 14-20-04-225-128

Community Details

Overview

  • Silver Creek Association

Recreation

  • Snowmobile Trail
  • Electricity Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$7,892

Lot Details

0

HOA Fees

$29 per month

Listing Details

  • Class: LOTS/LAND
  • Type: Lots/Land
  • Type 2: Lot
  • Lvt Date: 05/19/2021
  • Section: 4
  • S E V Yr: 5500/2021
  • Survey: Y
  • Hd Approved: Y
  • Road Access: Yes
  • Road Frontage Feet: 119'
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Features: Electric, Phone, Mixed Trees, Natural Gas, Under Ground Utilities, Electric Nearby, Near Snowmobile Trails, Stream/Creek, Paved Road

Exterior Features

  • Waterfront Frontage: 129
  • Waterfront Water Access: Neither
  • Water View: Y

Utilities

  • Sewer: Septic Needed
  • Water: Well Needed

Condo/Co-op/Association

  • Association: Silver Creek
  • Association: Yes
  • Fees: $350
  • Site Condo: Y

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 155 x 130
  • Estimated Number of Acres: 0.46
  • Lot: Y
  • Zoning: Residential
  • Property Description: Vacant Creekside land within wooded development. 130 acres of mixed hardwood with walking trails.
  • Deed Restrictions: Of Record
  • Improvements: High Speed Internet
  • Number Of Acres: Under 1
  • Percent Wooded: 90%
  • Terrain: Flat

Tax Info

  • Assessor Parcel Number: 14-20-04-225-128

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2024
Sold by
Sunshine States Real Estate
Bought by
Kew Simon and Kew Carolyn
Current Estimated Value
$508,312

Purchase Details

Closed on
Feb 9, 2024
Sold by
Sunshine States Real Estate Llc
Bought by
Kew Simon and Kew Carolyn

Purchase Details

Listed on
May 10, 2020
Closed on
Mar 2, 2022
Sold by
Steele Robert L Trust Ii
Bought by
Sunshine States Real Estate Llc
Seller's Agent
Sheela Welch
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Deena Woods
Gaslight Group Properties
List Price
$10,900
Sold Price
$8,500
Premium/Discount to List
-$2,400
-22.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
212.54%

Purchase Details

Closed on
Oct 6, 2005
Bought by
Equity Trust Co, Fbo Haverstick Ned
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
Kew Simon -- --
Kew Simon $540,000 --
Sunshine States Real Estate Llc $34,000 --
Equity Trust Co, Fbo Haverstick Ned -- --
Nab Investment Corporation Defined -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2022 03/03/22 Sold $8,500 -22.0% --
05/19/2021 05/19/21 For Sale $10,900 -- --
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 $7,892 $217,600 $217,600 $0
2024 $7,892 $192,600 $192,600 $0
2023 $202 $93,500 $93,500 $0
2022 $202 $4,500 $4,500 $0
2021 $224 $5,000 $5,000 $0
2020 $244 $5,500 $5,500 $0
2019 -- $5,500 $5,500 $0
2018 -- $5,500 $5,500 $0
2017 -- $8,500 $8,500 $0
2016 -- $8,500 $8,500 $0
2015 -- $8,500 $0 $0
2014 -- $10,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 465119

Northern Michigan MLS

APN: 14-20-04-225-128