NOT LISTED FOR SALE

905 E Lake St Petoskey, MI 49770

Estimated Value: $311,910 - $578,000

-- Bed
-- Bath
1,250 Sq Ft
$342/Sq Ft Est. Value

Last Sold June 13, 2014

Last sale price $144,000 $115 Per Sq Ft

Est. 197% increase in value since last sale

Current estimated payment $2,557/month

1 Day on Market

About This Home

As of June 2014

Great Location surrounded by fine home near the Gaslight District of Petoskey.

Last Agent to Sell the Property

Pete Platte

Gaslight Group Properties Listed on: 05/14/2014

Last Buyer's Agent

Kevin VarnHagen

Gaslight Group Properties

Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,578

Home Design

  • 1,250 Sq Ft Home
  • Duplex

Community Details

  • 2 Units
  • 1 Separate Electric Meter

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-126-042

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multifamily
  • Type 2: Duplex
  • Measurement Source: Owner
  • Section: 5
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1250
  • Above Grade Finished Sq Ft: 1250

Exterior Features

  • Waterfront Water Access: Neither

Utilities

  • Number Electric Meters: one

Lot Info

  • Zoning: residential

Tax Info

  • Assessor Parcel Number: 52-19-05-126-042

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2014
Closed on
Jun 13, 2014
Sold by
Palka John M and Palka Mary
Bought by
Mcphilamy Michael S and Mcphilamy Gayle M
Seller's Agent
Pete Platte
Gaslight Group Properties
Buyer's Agent
Kevin VarnHagen
Gaslight Group Properties
List Price
$144,000
Sold Price
$144,000
Current Estimated Value
$427,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,228
Avg. Annual Appreciation
9.88%
Original Mortgage
$90,000
Outstanding Balance
$68,456
Interest Rate
4.2%
Mortgage Type
Stand Alone First
Estimated Equity
$358,772

Purchase Details

Closed on
Jan 31, 2006
Sold by
Palka Josephine
Bought by
Palka John M Jahnke Helen M Behan

Purchase Details

Closed on
Jan 30, 2006
Sold by
Palka Matt and Palka Josephine
Bought by
Palka Josephine
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mcphilamy Michael S $144,000 Attorneys Title Agency Llc
Palka John M Jahnke Helen M Behan -- --
Palka Josephine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcphilamy Michael S $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2014 06/13/14 Sold $144,000 0.0% $115 / Sq Ft
05/15/2014 05/15/14 Pending -- -- --
05/14/2014 05/14/14 For Sale $144,000 -- $115 / 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 $3,810 $134,400 $134,400 $0
2024 $3,810 $120,400 $120,400 $0
2023 $3,469 $111,300 $111,300 $0
2022 $3,469 $92,100 $92,100 $0
2021 $3,370 $76,200 $76,200 $0
2020 $3,379 $66,000 $66,000 $0
2019 -- $63,400 $63,400 $0
2018 -- $65,000 $65,000 $0
2017 -- $62,000 $62,000 $0
2016 -- $62,600 $62,600 $0
2015 -- $58,100 $0 $0
2014 -- $58,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Pete Platte

    Seller's Agent in 2014

    Pete Platte

    Gaslight Group Properties

    (231) 838-0935

    51 in this area

    99 Total Sales

    Pete Platte
    Section Image

  • K

    Buyer's Agent in 2014

    Kevin VarnHagen

    Gaslight Group Properties

See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 441078

Northern Michigan MLS

APN: 52-19-05-126-042

Michigan Emmet County Petoskey 49770

905 E Lake St, Petoskey, MI

Not Listed for Sale

MultiFamily

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