NOT LISTED FOR SALE

514 Rush St Petoskey, MI 49770

Estimated Value: $360,000 - $449,000

3 Beds
2.5 Baths
1,200 Sq Ft
$326/Sq Ft Est. Value

Last Sold April 18, 2014

Last sale price $134,000 $112 Per Sq Ft

Est. 192% increase in value since last sale

Current estimated payment $2,323/month

120 Days on Market

Highlights

  • Water Views
  • Main Floor Primary Bedroom
  • Living Room
  • Wood Flooring
  • Thermal Windows
  • 4-minute walk to St Francis Xavier Playground

About This Home

As of April 2014

Completely remodeled downtown Petoskey home. Tastefully decorated with new windows & doors, new kitchen and stainless steal appliances, new ceramic tile & carpet throughout. Refinished original hardwood floors, all new bathrooms with an addtional bath and half added. Private back yard with patio and deck. Peeks of the Bay from your second floor bedroom! Move in condition with immediate occupancy!

Last Agent to Sell the Property

Jamie Kardosh

Coldwell Banker Schmidt - Petoskey Listed on: 11/20/2013

Coldwell Banker Schmidt - Petoskey

Last Buyer's Agent

Bob Simpson

Coldwell Banker Schmidt - Boyne City

Coldwell Banker Schmidt - Boyne City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,517

Lot Details

  • 3,703

Parking

  • Driveway

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,200 Sq Ft Home
  • Thermal Windows
  • Low Emissivity Windows
  • Living Room
  • Dining Room
  • Wood Flooring
  • Water Views
  • Michigan Basement

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Utilities

  • Hot Water Baseboard Heater
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Shed
  • Lot Dimensions are 50 x 76

Listing and Financial Details

  • Assessor Parcel Number 52-19-05-301-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,517

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Measurement Source: Appraiser
  • Section: 5
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Cable, Dishwasher, Dryer, Garbage Disposal, Paved Drive, Range, Refrigerator, Washer, Wood Floors
  • Total Finished Sq Ft: 1200
  • Master Bedroom: Dimensions: 11.6 x 11.5, On Level: Main
  • Bedroom 2: Dimensions: 8.4 x 11.5, On Level: Upper
  • Bedroom 3: Dimensions: 11.1 x 11.5, On Level: Upper
  • Bedroom 4: On Level: N/A
  • Total Rooms: 6
  • Basement: Michigan
  • Dining Room: Dimensions: 12 x 10.10, On Level: Main
  • Kitchen: Dimensions: 12.9 x 11.2, On Level: Main
  • Family Room: On Level: N/A
  • Living Room: Dimensions: 11.4 x 11.2, On Level: Main
  • Above Grade Finished Sq Ft: 1200
  • Bathroom 1: Dimensions: full, On Level: Main
  • Bathroom 2: Dimensions: full, On Level: Upper
  • Number Of Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Rooms 1: Dimensions: 1/2 bath, On Level: Main
  • Rooms 2: Dimensions: 5.5x6.1 foyer, On Level: Main
  • Windows: Thermo, Low E, Andersen, Pella

Exterior Features

  • Construction: Wood Frame/Site Built
  • Lake: Michigan
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither
  • Water View: Y

Utilities

  • Heat Type: Natural Gas, Hot Water Baseboard
  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas, 40 Gal

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 50 x 76
  • Lot: y
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 52-19-05-301-012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2013
Closed on
Apr 18, 2014
Bought by
Barnes Justin and Barnes Erin
Seller's Agent
Jamie Kardosh
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Bob Simpson
Coldwell Banker Schmidt - Boyne City
List Price
$159,900
Sold Price
$134,000
Premium/Discount to List
-$25,900
-16.2%
Current Estimated Value
$390,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,806
Avg. Annual Appreciation
10.19%
Original Mortgage
$129,527
Interest Rate
4.33%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 20, 2013
Sold by
Overton Kim
Bought by
Astre Properties Llc

Purchase Details

Listed on
Dec 18, 2012
Closed on
Feb 28, 2013
Sold by
Fannie Mae
Bought by
Overton Kim
Seller's Agent
Trish Hartwick
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Deborah Graham
Berkshire Hathaway HomeServices Michigan Real Estate - Petoskey
List Price
$50,900
Sold Price
$46,000
Premium/Discount to List
-$4,900
-9.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.94%

Purchase Details

Listed on
Dec 18, 2012
Closed on
Jan 18, 2013
Sold by
Hoshield Eric
Bought by
Federal National Mortgage Association
Seller's Agent
Trish Hartwick
Coldwell Banker Schmidt - Petoskey
Buyer's Agent
Deborah Graham
Berkshire Hathaway HomeServices Michigan Real Estate - Petoskey
List Price
$50,900
Sold Price
$46,000
Premium/Discount to List
-$4,900
-9.63%

Purchase Details

Closed on
Dec 4, 2012
Sold by
Northwestern Mortgage Company
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 9, 2012
Sold by
Watts Tl
Bought by
Northwestern Mortgage Company

Purchase Details

Closed on
Mar 20, 2009
Sold by
Phillips Gary W and Phillips Leona S
Bought by
Hoshield Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
5.11%

Purchase Details

Closed on
Feb 9, 2004
Sold by
Phillips Gary
Bought by
Phillips Gary & Leona Trust

Purchase Details

Closed on
Aug 6, 2001
Sold by
Bingaman Frederick G and Bingaman Laurie
Bought by
Phillips Gary W

Purchase Details

Closed on
Aug 1, 1989
Bought by
Bingaman +450P Rps

Purchase Details

Closed on
Jan 1, 1986
Bought by
Lewis Remodel

Purchase Details

Closed on
Mar 1, 1980
Bought by
Beach L304 412
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
Barnes Justin $134,000 Devon Title Agency
Astre Properties Llc -- --
Overton Kim $46,000 --
Federal National Mortgage Association -- --
Federal National Mortgage Association -- --
Northwestern Mortgage Company $96,520 --
Hoshield Eric $98,000 --
Phillips Gary & Leona Trust -- --
Phillips Gary W $62,000 --
Bingaman +450P Rps $38,100 --
Lewis Remodel $35,800 --
Beach L304 412 $19,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barnes Justin $300,000
Closed Barnes Justin $300,000
Closed Barnes Justin $193,709
Closed Barnes Justin $133,420
Closed Barnes Justin $129,527
Previous Owner Hoshield Eric $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2014 04/18/14 Sold $134,000 -16.2% $112 / Sq Ft
03/20/2014 03/20/14 Pending -- -- --
11/20/2013 11/20/13 For Sale $159,900 +247.6% $133 / Sq Ft
02/28/2013 02/28/13 Sold $46,000 -9.6% $38 / Sq Ft
02/02/2013 02/02/13 Pending -- -- --
12/18/2012 12/18/12 For Sale $50,900 -- $42 / 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 $2,517 $139,600 $139,600 $0
2024 $2,517 $119,800 $119,800 $0
2023 $2,308 $102,600 $102,600 $0
2022 $2,308 $96,600 $96,600 $0
2021 $2,246 $87,000 $87,000 $0
2020 $2,271 $72,400 $72,400 $0
2019 -- $71,600 $71,600 $0
2018 -- $66,900 $66,900 $0
2017 -- $63,400 $63,400 $0
2016 -- $63,400 $63,400 $0
2015 -- $58,600 $0 $0
2014 -- $35,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 438985

Northern Michigan MLS

APN: 52-19-05-301-012