Seller's Agent in 2025
C.T. Shuman
Real Estate One
(231) 838-4200
30 in this area
129 Total Sales
907 Franklin St Petoskey, MI 49770
Estimated Value: $198,000 - $388,000
4
Beds
1
Bath
2,144
Sq Ft
$123/Sq Ft
Est. Value
Highlights
- Deck
- Main Floor Primary Bedroom
- First Floor Utility Room
- Wood Flooring
- Breakfast Area or Nook
- 2-minute walk to Bear River Park
About This Home
As of August 2025Affordable In-Town Petoskey Home-Opportunity Awaits! Discover the potential in this spacious in-town Petoskey home, perfectly located within walking distance to restaurants, shopping, nightlife, the Bear River Walkway, bike path, and the Petoskey Marina. This is a rare chance to own a home in the heart of everything Petoskey has to offer-at an affordable price. While the home is in need of some updating, it presents a fantastic opportunity to build equity with a bit of vision and elbow grease. The main floor features a convenient bedroom, a cozy kitchen with breakfast nook, and a large dining area warmed by a pellet stove-ideal for gatherings or relaxed evenings. The full basement offers additional storage or workshop potential. Upstairs, you'll find three more generously sized bedrooms. Outside, the fenced backyard offers a private retreat complete with a deck, raised flower beds, and a separate fenced garden area that's currently overgrown but could be revived into a lush vegetable garden. A handy storage shed provides space for all your outdoor tools and gear. The property also includes a one-car garage for added convenience and storage. Whether you're a first-time buyer, investor, or handy homeowner, this property is full of promise and possibilities!
Home Details
Home Type
- Single Family
Lot Details
- Property is zoned RM-2
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 2,144 Sq Ft Home
- Ceiling Fan
- Vinyl Clad Windows
- Blinds
- Wood Frame Window
- Living Room
- Dining Room
- First Floor Utility Room
- Wood Flooring
- Basement
- Michigan Basement
Kitchen
- Breakfast Area or Nook
- Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- 1 Full Bathroom
Parking
- 1 Car Detached Garage
- Driveway
Outdoor Features
- Deck
- Shed
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 52-19-06-402-028
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 24, 2025
Closed on
Aug 20, 2025
Sold by
Guess Robb T and Guess Y
Bought by
Guess Robb T and Munoz Haydee Melita
Seller's Agent
C.T. Shuman
Real Estate One
Buyer's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
List Price
$179,900
Sold Price
$200,000
Premium/Discount to List
$20,100
11.17%
Views
2389
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,605
Avg. Annual Appreciation
117.62%
Purchase Details
Closed on
May 1, 1982
Bought by
Vargo
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Guess Robb T | -- | Crossroads Title Agency | |
| Vargo | $29,500 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/20/2025 08/20/25 | Sold | $200,000 | +11.2% | $93 / Sq Ft |
| 07/24/2025 07/24/25 | For Sale | $179,900 | -- | $84 / Sq Ft |
Source: Northern Michigan MLS
Tax History Compared to Growth
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 | $1,149 | $164,300 | $164,300 | $0 |
| 2024 | $1,149 | $145,500 | $145,500 | $0 |
| 2023 | $1,054 | $116,600 | $116,600 | $0 |
| 2022 | $1,054 | $109,800 | $109,800 | $0 |
| 2021 | $1,026 | $98,600 | $98,600 | $0 |
| 2020 | $1,037 | $75,500 | $75,500 | $0 |
| 2019 | -- | $74,000 | $74,000 | $0 |
| 2018 | -- | $74,100 | $74,100 | $0 |
| 2017 | -- | $79,400 | $79,400 | $0 |
| 2016 | -- | $71,800 | $71,800 | $0 |
| 2015 | -- | $69,300 | $0 | $0 |
| 2014 | -- | $63,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
C.T. Shuman
-
Patrick Leavy
Buyer's Agent in 2025
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
(231) 881-6639
182 in this area
381 Total Sales
Map
Source: Northern Michigan MLS
MLS Number: 477267
APN: 52-19-06-402-028
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.
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