102 State St Petoskey, MI 49770
Estimated payment $3,069/month
Total Views
3,122
4
Beds
2.5
Baths
1,904
Sq Ft
$262
Price per Sq Ft
Highlights
- Hot Property
- Wood Flooring
- 1 Car Detached Garage
- Deck
- First Floor Utility Room
- 2-minute walk to Bear River Park
About This Home
This thoughtfully restored classic Victorian home provides exceptional flexibility, currently functioning as a spacious single-family residence while offering seamless conversion potential for multigenerational living or duplex investment opportunities. The versatile floor plan could accommodate a main floor one-bedroom, one-bath unit alongside a two-story three-bedroom, one-and-a-half-bath unit, each equipped with separate utilities and meters for complete independence. Fully renovated in 2005 down to the studs with new walls, windows, electricity, and plumbing, this home functions like new construction while maintaining historic elegance. Natural light throughout, rich Brazilian cherry hardwood floors, nearly 10-foot ceilings with crown moldings and medallions, and matching solid brass hardware add authentic details. The main kitchen features a built-in banquette, solid surface countertops, and stainless steel appliances. The comfortable living room showcases an elegant open staircase. Energy-efficient features include argon-filled windows, extra insulation, and cedar shake siding. Recent improvements include a rebuilt second-floor porch and deck (2020), enhanced drainage, garden landscaping, and updated plumbing fixtures. Outdoor spaces feature a spacious rear deck, a cozy patio area, and a front porch surrounded by three-season perennial gardens. Amenities include detached garage and storage in basement. Located in a safe, neighborly community just one block from Bear River hiking trails and an easy walk to downtown's shops, restaurants, library, and Little Traverse Bay. This exceptional property combines historic charm, modern functionality, and flexible living options in one of the area's most desirable neighborhoods.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,455
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 1,904 Sq Ft Home
- Crown Molding
- Living Room
- Dining Room
- First Floor Utility Room
- Wood Flooring
Kitchen
- Range
- Built-In Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom Upstairs
Laundry
- Dryer
- Washer
Basement
- Michigan Basement
- Partial Basement
Parking
- 1 Car Detached Garage
- Driveway
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Cable TV Available
Additional Features
- Deck
- 4,356 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 52-19-06-276-031
Map
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Home Values in the Area
Average Home Value in this Area
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 | $4,455 | $184,000 | $184,000 | $0 |
| 2024 | $4,455 | $164,600 | $164,600 | $0 |
| 2023 | $4,086 | $130,100 | $130,100 | $0 |
| 2022 | $4,086 | $120,600 | $120,600 | $0 |
| 2021 | $3,976 | $113,400 | $113,400 | $0 |
| 2020 | $3,821 | $90,700 | $90,700 | $0 |
| 2019 | -- | $72,100 | $72,100 | $0 |
| 2018 | -- | $71,900 | $71,900 | $0 |
| 2017 | -- | $76,000 | $76,000 | $0 |
| 2016 | -- | $68,200 | $68,200 | $0 |
| 2015 | -- | $65,700 | $0 | $0 |
| 2014 | -- | $59,700 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | For Sale | $499,000 | +63.1% | $262 / Sq Ft |
| 10/16/2020 10/16/20 | Sold | $306,000 | -6.1% | $161 / Sq Ft |
| 09/16/2020 09/16/20 | Price Changed | $325,900 | -2.7% | $171 / Sq Ft |
| 09/12/2020 09/12/20 | Price Changed | $334,900 | -1.5% | $176 / Sq Ft |
| 05/28/2020 05/28/20 | Price Changed | $339,900 | -2.9% | $179 / Sq Ft |
| 01/21/2020 01/21/20 | For Sale | $350,000 | -- | $184 / Sq Ft |
Source: Northern Michigan MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Quit Claim Deed | $127,500 | -- | |
| Warranty Deed | $127,500 | -- |
Source: Public Records
Similar Homes in Petoskey, MI
Source: Northern Michigan MLS
MLS Number: 477571
APN: 52-19-06-276-031
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