NOT LISTED FOR SALE

8791 Spring Ridge Dr Unit Lot 98 Petoskey, MI 49770

Estimated Value: $12,505 - $301,000

0.62 Acre
$245,971 Price per Acre
27,007 Sq Ft Lot

Last Sold December 21, 2020

Last sale price $8,950

Est. 1,604% increase in value since last sale

Current estimated payment $858/month

Highlights

  • Snowmobile Trail
  • Creek or Stream
  • Gentle Sloping Lot
  • Landscaped with Trees

About This Lot

As of December 2020

Creekside lot for new home site in Silver Creek Association. Just 6 miles East on Mitchell St. from Petoskey City Limits. Association provides parks, greenbelts and private paved streets. Underground electric & cable service each lot. Ready for a new build for a family or retirement enjoyment. All Silver Creek Property is in Petoskey School District. Owners enjoy access to the 2000 foot long creek which flows from the southeast to northwest. There are 130 acres of mixed hardwoods and pines with a white sand bottom creek running through the center of development. Nature trails are located throughout the neighborhood for all to enjoy. There are additional lots available from same seller. Ask listing agent for a full list.

Last Agent to Sell the Property

Sheela Welch

Coldwell Banker Schmidt - Petoskey Listed on: 05/13/2016

Coldwell Banker Schmidt - Petoskey

Co-Listed By

Mark Ashley

Coldwell Banker Schmidt - Petoskey License #6502139858

Last Buyer's Agent

Sheela Welch

Coldwell Banker Schmidt - Petoskey Listed on: 05/13/2016

Coldwell Banker Schmidt - Petoskey

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $210

Lot Details

  • 0.62 Acre Lot
  • Lot Dimensions are 190 x 122
  • Creek or Stream
  • Gentle Sloping Lot
  • Landscaped with Trees

HOA Fees

  • $29 Monthly HOA Fees

Utilities

  • Underground Utilities
  • Well Required
  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 14-20-03-150-198

Community Details

Overview

  • Silver Creek Association

Recreation

  • Snowmobile Trail

Property Details

Property Type

Land

Est. Annual Taxes

$210

Lot Details

0

HOA Fees

$29 per month

Listing Details

  • Class: LOTS/LAND
  • Type: Lots/Land
  • Type 2: Lot
  • Lvt Date: 05/13/2016
  • Section: 3
  • S E V Yr: 5500/2020
  • Hd Approved: y
  • Road Access: Yes
  • Road Frontage Feet: 147
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

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

Exterior Features

  • Waterfront Water Access: Neither

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: 190 x 122
  • Estimated Number of Acres: 0.62
  • Lot: y
  • Zoning: Residential
  • Property Description: Vacant Land within Silver Creek Development.
  • Deed Restrictions: of record
  • Improvements: High Speed Internet
  • Terrain: Gently Rolling, Gradual

Tax Info

  • Assessor Parcel Number: 14-20-03-150-198

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2016
Closed on
Dec 17, 2020
Sold by
Steele Robert L Trust Ii
Bought by
Kapsa Edward and Rosemary
Seller's Agent
Sheela Welch
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Sheela Welch
Coldwell Banker Schmidt - Petoskey
List Price
$14,900
Sold Price
$8,950
Premium/Discount to List
-$5,950
-39.93%
Current Estimated Value
$152,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,552
Avg. Annual Appreciation
80.75%

Purchase Details

Closed on
Sep 29, 2006
Bought by
Equity Trust Company
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
Kapsa Edward $8,950 --
Equity Trust Company -- --
Nab Investment Corp Defined Benefit -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2020 12/21/20 Sold $8,950 -17.9% --
05/14/2019 05/14/19 Price Changed $10,900 -26.8% --
11/20/2018 11/20/18 For Sale $14,900 +66.5% --
11/11/2018 11/11/18 Off Market $8,950 -- --
05/13/2016 05/13/16 For Sale $19,900 -- --
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 $210 $7,300 $7,300 $0
2024 $210 $5,000 $5,000 $0
2023 $202 $4,500 $4,500 $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

  • Sheela Welch

    Seller's Agent in 2020

    Sheela Welch

    Coldwell Banker Schmidt - Petoskey

    (231) 838-2025

    51 Total Sales

    Sheela Welch
    Section Image
  • Mark Ashley

    Seller Co-Listing Agent in 2020

    Mark Ashley

    Coldwell Banker Schmidt - Petoskey

    (231) 330-3999

    64 Total Sales

    Mark Ashley
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 448217

Northern Michigan MLS

APN: 14-20-03-150-198

Michigan Emmet County Petoskey 49770

8791 Spring Ridge Dr Unit Lot 98, Petoskey, MI

This home is located at 8791 Spring Ridge Dr Unit Lot 98, Petoskey, MI 49770 since 13 May 2016 and is currently estimated at $152,502. 8791 Spring Ridge Dr Unit Lot 98 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.

Northern Michigan MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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