NOT LISTED FOR SALE

8691 Channel Rd Petoskey, MI 49770

Estimated Value: $1,521,000 - $3,547,505

3 Beds
2 Baths
2,075 Sq Ft
$1,221/Sq Ft Est. Value

Last Sold October 05, 2018

Last sale price $2,782,990 $1,341 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $15,338/month

29 Days on Market

Highlights

  • 3,800 Feet of Waterfront
  • 86 Acre Lot
  • Wood Burning Stove
  • Docks
  • Deck
  • Wood Flooring

About This Home

As of October 2018

Channel Farms Hunt and Fish Club- As you can see from the aerial and still life photos of Channel Farms there is an abundance of wildlife and great fishing opportunities. The Bay in front of the Cabin is a deep water lagoon. The depths in front are up to 70 feet. The raft, only 40’ from the dock is in 15’ of water. The Pickerel Lake Channel, connects Crooked and Pickerel Lake. Within the Channel is a small Lake area known as the Black Hole with depths of 29’. The entire western shore of the Black hole is part of the property and is part of the 3800’ of shoreline owned. Both of the these deep harbors have deep water almost to the shore. Game management has been practiced since the early 1990’s and there were numerous 6 pte. and larger bucks sighted and passed on last year. The property is joined to the South by 1100 acres of State Land with very limited access to the public. Due to this limiting factor the interior is one of the wildest areas in Michigan. There are hundreds of species native to Michigan; deer, bear, beaver, mink, otter, ermine, fox, coyotes, Lynx, bobcat, to name only a few. Two eagle nests are south and west of the property on State land and it is common to see eagles soar and hunt overhead. There are also hundreds of plant species turtles frogs and other reptiles. Many think of it as the Galapagos of the North. In addition to the unbelievable property the log cabin offers a great getaway for any outdoor enthusiast with an open floor plan, wood burning fireplace, two bedrooms plus a loft area, wood stove, hardwood floors, full kitchen, two bathrooms and two living spaces great for entertaining multiple guests. There is also a 32x40 pole barn perfect for storage and also includes a great wild game processing room. Perfectly located just minutes from Petoskey, Harbor Springs and Bay Harbor for convenient access to skiing, golf, shopping and fine dining. You also have access to the entire inland waterway from this property. Check out the Drone Video.

Last Agent to Sell the Property

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC Listed on: 07/23/2018

Last Buyer's Agent

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC Listed on: 07/23/2018

Home Details

Home Type

  • Single Family

Lot Details

  • 86 Acre Lot
  • 3,800 Feet of Waterfront
  • Property is zoned SR

Parking

  • Detached Garage

Home Design

  • Asphalt Shingled Roof
  • Log Siding

Interior Spaces

  • 2,075 Sq Ft Home
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Dryer
  • Wood Flooring
  • Water Views
  • Crawl Space
  • Home Security System

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • 2 Full Bathrooms

Outdoor Features

  • Docks
  • Deck
  • Pole Barn

Location

  • Borders State Land

Utilities

  • Electric Baseboard Heater
  • Heating System Uses Wood
  • Well
  • Septic System

Community Details

  • Snowmobile Trail

Listing and Financial Details

  • Assessor Parcel Number See legal descrip.

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 07/23/2018
  • Section: 22
  • Second Address Number: 8691
  • Directions: US 31 N, right on Pickerel Lake Road, Continue straight to the end of channel
  • OFFICELIST_STATE: MI
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Deck, Dishwasher, Dock, Dryer, Range, Refrigerator, Wood Fireplace, Wood Floors, Wood Stove, Near Snowmobile Trails, Security System, Borders State Land
  • Total Finished Sq Ft: 2075
  • Master Bedroom: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Main
  • Bedroom 4: On Level: N/A
  • Basement: Crawl
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Main
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 2075
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A

Exterior Features

  • Construction: Log
  • Lake: Pickerel/Em
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 3,800
  • Waterfront Water Access: Water Front
  • Water View: Y
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

  • Garage Carport: Garage-Detached

Utilities

  • Heat Type: Wood, Electric Baseboard
  • Sewer: Septic
  • Water: Well

Schools

  • School District: Petoskey

Lot Info

  • Estimated Number of Acres: 86
  • Zoning: SR

Tax Info

  • Assessor Parcel Number: See legal descrip.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2018
Closed on
Oct 5, 2018
Sold by
William L Shorter Ret
Bought by
Crooked Moon Hunt Clb Llc
Seller's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
List Price
$2,995,000
Sold Price
$2,782,990
Premium/Discount to List
-$212,010
-7.08%
Current Estimated Value
$2,534,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$248,737
Avg. Annual Appreciation
-1.29%

Purchase Details

Closed on
Jan 28, 2009
Sold by
Shorter William L and Shorter Marietta F
Bought by
Shorter William L and William L Shorter Revocable Li

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.03%

Purchase Details

Closed on
Aug 28, 2007
Sold by
Shorter William L
Bought by
Shorter William L and Shorter Marietta F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.71%

Purchase Details

Closed on
Nov 13, 2006
Sold by
Shorter William and Shorter Marietta
Bought by
Shorter William L Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Crooked Moon Hunt Clb Llc $487,200 --
Shorter William L -- --
Shorter William L -- --
Shorter William L -- --
Shorter William L Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shorter William L $200,000
Previous Owner Shorter William L $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2018 10/05/18 Sold $2,782,990 -7.1% $1,341 / Sq Ft
07/23/2018 07/23/18 For Sale $2,995,000 -- $1,443 / 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 $24,254 $777,300 $777,300 $0
2024 $24,254 $688,500 $688,500 $0
2023 $22,192 $639,200 $639,200 $0
2022 $22,192 $535,500 $535,500 $0
2021 $21,483 $479,200 $479,200 $0
2020 $20,998 $472,600 $472,600 $0
2019 -- $466,500 $466,500 $0
2018 -- $243,600 $243,600 $0
2017 -- $235,800 $235,800 $0
2016 -- $225,300 $225,300 $0
2015 -- $214,900 $0 $0
2014 -- $190,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 456099

Northern Michigan MLS

APN: 14-17-22-351-001