NOT LISTED FOR SALE

8871 E Mitchell Rd Petoskey, MI 49770

Estimated Value: $427,000 - $471,998

30 Acres
$14,933 Price per Acre
1,306,800 Sq Ft Lot

Last Sold February 19, 2022

Last sale price $335,000 $209 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,644/month

20 Days on Market

Highlights

  • Barn
  • Farm
  • First Floor Utility Room
  • 30 Acre Lot
  • Wood Flooring
  • Wood Frame Window

About This Lot

As of February 2022

Natural resources abound. Amazing Petoskey homestead ready to be updated. Create your dreams. 30 acres. Three pasture/garden areas totaling 10+/- acres. 5+/- acres of mature white cedar trees. Vernal pond and seasonal stream that flows most of the year. Multiple acres of wild watercress. 5+/- acres of mature maple trees ready to tap for maple syrup production. 30x40 1950’s built barn with metal roof. Attached wood shed that directly feeds to the living room. Freestanding Vermont soapstone wood stove. Attached 3-car garage (1 cement slab workshop). Mud room. Attached greenhouse. Multiple untapped Artesian wells on property (a pond could easily be created). Protected headwater to Silver Creek which flows into Pickerel Lake, the inland waterway, and eventually the Straits of Mackinac where Lake Michigan and Lake Huron join under the iconic Mackinac Bridge. Investment potential is huge! Property is protected by an easement through the Little Traverse Conservancy. The new owner retains rights to farm, harvest trees, build a sugar shack, dig pond, and build an additional 700 sq. ft. structure on homestead parcel. Let your dreams manifest in the safety and security of Northern Michigan. Petoskey School District. All of this and only a 10-minute (8 mile) commute to stunningly beautiful downtown Petoskey.

Last Agent to Sell the Property

Abby Badgley

Gaslight Group Properties Listed on: 12/30/2021

Last Buyer's Agent

Abby Badgley

Gaslight Group Properties Listed on: 12/30/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,105

Lot Details

  • 30 Acre Lot
  • Creek or Stream

Parking

  • 3 Car Attached Garage

Home Design

  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 1,600 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Wood Frame Window
  • Living Room
  • First Floor Utility Room
  • Wood Flooring
  • Crawl Space

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs

Laundry

  • Dryer
  • Washer

Farming

  • Barn
  • Farm

Utilities

  • Heating System Uses Wood
  • Well
  • Gas Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 14-20-03-300-041

Property Details

Property Type

Land

Est. Annual Taxes

$3,105

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Type 2: FARM
  • Lvt Date: 12/30/2021
  • Measurement Source: Owner
  • Section: 3
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Features: Dishwasher, Dryer, Range, Refrigerator, Washer, Wood Fireplace, Wood Floors, Stream/Creek
  • Total Finished Sq Ft: 1600
  • Master Bedroom: Dimensions: 10x15, On Level: Upper
  • Bedroom 2: Dimensions: 15x7, On Level: Upper
  • Bedroom 3: Dimensions: 13x13, On Level: Upper
  • Bedroom 4: On Level: N/A
  • Total Rooms: 6
  • Basement: Crawl
  • Dining Room: On Level: N/A
  • Kitchen: Dimensions: 22x13, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 16x23, On Level: Main
  • Above Grade Finished Sq Ft: 1600
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Rooms 1: On Level: N/A
  • Rooms 2: On Level: N/A
  • Windows: Wood Sash

Exterior Features

  • Construction: Wood Frame/Site Built, Two Story +
  • Roof: Metal
  • Waterfront Water Access: Neither

Garage/Parking

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

Utilities

  • Heat Type: Wood
  • Sewer: Septic
  • Water: Well
  • Water Heater: Gas

Schools

  • School District: Petoskey

Lot Info

  • Estimated Number of Acres: 30
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 14-20-03-300-041

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2021
Closed on
Feb 18, 2022
Sold by
Weeber Matthew
Bought by
Overdier Joel T and Caldwell Bernadette A
Seller's Agent
Abby Badgley
Gaslight Group Properties
Buyer's Agent
Abby Badgley
Gaslight Group Properties
List Price
$350,000
Sold Price
$335,000
Premium/Discount to List
-$15,000
-4.29%
Current Estimated Value
$447,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,999
Avg. Annual Appreciation
8.34%
Source: Public Records

Range of Values:

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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
Overdier Joel T -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2022 02/19/22 Sold $335,000 -4.3% $209 / Sq Ft
12/30/2021 12/30/21 For Sale $350,000 -- $219 / 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 $3,105 $160,700 $160,700 $0
2024 $3,105 $143,400 $143,400 $0
2023 $2,221 $112,600 $112,600 $0
2022 $2,221 $101,500 $101,500 $0
2021 $2,150 $92,600 $92,600 $0
2020 $2,089 $91,000 $91,000 $0
2019 -- $87,800 $87,800 $0
2018 -- $84,500 $84,500 $0
2017 -- $83,400 $83,400 $0
2016 -- $81,300 $81,300 $0
2015 -- $76,400 $0 $0
2014 -- $74,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 467161

Northern Michigan MLS

APN: 14-20-03-300-041