524 Cherry St Petoskey, MI 49770
Estimated payment $2,633/month
Total Views
5,247
4
Beds
2
Baths
1,622
Sq Ft
$246
Price per Sq Ft
Highlights
- Very Popular Property
- Lower Floor Utility Room
- Living Room
- Wood Flooring
- 1 Car Attached Garage
- 5-minute walk to Petoskey Art Fair
About This Home
Classic Mid-Century Colonial Revival in the heart of Petoskey! This charming two-story home blends timeless design with solid 1950s craftsmanship. With four true bedrooms, it offers the flexibility today’s buyers are looking for—whether you need a dedicated home office, guest space, or room for the whole crew. A real wood-burning fireplace adds warmth and character to the main living area, while the large kitchen offers generous storage and prep space—perfect for both everyday living and entertaining. Step outside to enjoy the back deck, ideal for summer grilling or gatherings with friends. The fully fenced backyard is not only great for pets or play, but also features a cozy firepit area—perfect for roasting marshmallows, enjoying cool Northern Michigan evenings, or unwinding under the stars. An attached one-car garage provides added convenience year-round. Positioned almost exactly between downtown Petoskey and North Central Michigan College, the home offers easy walkability in either direction—just about 1/3 of a mile to each. Whether you’re heading to the farmers market, coffee shops, campus events, or the Bear River trails, this location offers convenience, community, and connection. With a few finishing touches, this home is ready to shine!
Listing Agent
@properties Christie's International Real Estate - Petoskey License #6506044677 Listed on: 08/28/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,704
Year Built
- Built in 1955
Lot Details
- 9,148 Sq Ft Lot
- Lot Dimensions are 67.5 x 135.5
- Property is zoned R2
Parking
- 1 Car Attached Garage
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 1,622 Sq Ft Home
- 2-Story Property
- Wood Burning Fireplace
- Living Room
- Dining Room
- Lower Floor Utility Room
- Wood Flooring
- Michigan Basement
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom Upstairs
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Shed
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 52-19-05-303-003
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 | $5,704 | $212,800 | $212,800 | $0 |
| 2024 | $5,704 | $183,500 | $183,500 | $0 |
| 2023 | $5,232 | $158,500 | $158,500 | $0 |
| 2022 | $5,232 | $150,000 | $150,000 | $0 |
| 2021 | $3,210 | $134,700 | $134,700 | $0 |
| 2020 | $3,246 | $113,000 | $113,000 | $0 |
| 2019 | -- | $111,100 | $111,100 | $0 |
| 2018 | -- | $97,500 | $97,500 | $0 |
| 2017 | -- | $97,100 | $97,100 | $0 |
| 2016 | -- | $84,000 | $84,000 | $0 |
| 2015 | -- | $69,200 | $0 | $0 |
| 2014 | -- | $63,300 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/28/2025 08/28/25 | For Sale | $399,000 | +28.7% | $246 / Sq Ft |
| 11/17/2021 11/17/21 | Sold | $310,000 | -5.8% | $191 / Sq Ft |
| 08/20/2021 08/20/21 | For Sale | $329,000 | +136.7% | $203 / Sq Ft |
| 08/14/2015 08/14/15 | Sold | $139,000 | -6.7% | $86 / Sq Ft |
| 07/09/2015 07/09/15 | Pending | -- | -- | -- |
| 07/06/2015 07/06/15 | For Sale | $149,000 | -- | $92 / Sq Ft |
Source: Northern Michigan MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $139,000 | Talon Title Agency | |
| Warranty Deed | $122,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $317,130 | VA | |
| Previous Owner | $132,000 | Purchase Money Mortgage | |
| Previous Owner | $132,050 | Purchase Money Mortgage | |
| Previous Owner | $122,500 | No Value Available | |
| Previous Owner | $75,000 | No Value Available |
Source: Public Records
Similar Homes in Petoskey, MI
Source: Northern Michigan MLS
MLS Number: 477584
APN: 52-19-05-303-003
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