3 months on rocket

414 Waukazoo Ave, Petoskey, MI, 49770

$1,100,000

Home List Price

$10,000*

Closing Credit

0 Baths
2,310 SqFt
$476/SqFt
Multi
Schools Nearby

Location

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414 Waukazoo Ave, Petoskey$1,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
HeatingNatural Gas, Forced Air
CoolingCentral Air
BasementYes
FireplaceWood Burning Fireplace
MLS #472934
StatusActive

About 414 Waukazoo Ave

Start earning on your investment immediately! Rare turn-key opportunity in Downtown Petoskey. The only licensed motel in the Central Business District, Little Bay Cottage is a century-old farmhouse renovated and converted into four one-bedroom flats. Very established self-serve boutique motel with over 900 bookings since opening in July, 2021. With a 5-star rating and numerous repeat guests, the reviews are clear: the location can't be beat! Each unit offers full apartment amenities including private entrances, separate kitchens and cozy living spaces. Full basement with separate access offers great storage. See the long list of recent upgrades. This unique property is offered with all furnishings, supplies, fully-functioning booking website and complete AirBnb account including Superhost status and all future bookings, as well as Seller cooperation to transition the busy operations to new owners. www.littlebaycottage.com for more photos of each flat and information about inclusions.

Property Details

Property Features

Property Information:

  • Living Area: 2,310 SqFt

Listing Office:

  • Office Name: Graham Real Estate
  • Listing Agent: Drew Bartlett

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Dryer, Range, Refrigerator, Washer
  • Basement: Yes
  • Fireplace: Wood Burning Fireplace

Exterior Features

Exterior Information:

  • Exterior: Deck

Virtual/3D Tour

  • 3D Tour: 414 Waukazoo Ave

3D Tour

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: West on E. Mitchell, left on Waukazoo, property on west side of Waukazoo next door to Encore Financial Group.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,100,000
  • Price Per SqFt: $476/SqFt
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Housing Market Comparison

See how this home compares to others in Petoskey, MI.

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Petoskey, MI

City

Med. Sold Price

$438.3K

Med. Price/SqFt

$231

Avg. Days On Market

14

# of Sold Homes

15

414 Waukazoo Ave vs Petoskey

105 DAYS ON ROCKET

+91 Days

$1,100,000

+$661.6K More

$476/SqFt

+$245 More

KEY TAKEAWAY

This property is $661.6K more than the Median Sold Price and $245/SqFt more than other homes in Petoskey, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #472934

Listing Office:

  • Office Name: Graham Real Estate
  • Listing Agent: Drew Bartlett

IDX The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 1:25:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021 - $101,500
2020 - $101,500
2019 - $99,100
2018 - $86,500
2017 - $92,300

History based on county public records data.

Payment Calculator

$5,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,364

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1269931
8
/10

  • Central Elementary School

  • 410 State St

  • 0.14 miles

  • Public Magnet Grades PK-5

school-card-donut-1269932
7
/10

  • Ottawa Elementary School

  • 871 Kalamazoo Ave

  • 0.64 miles

  • Public Magnet Grades KG-5

school-card-donut-1269933
7
/10

  • Sheridan School

  • 1415 Howard St

  • 0.78 miles

  • Public Magnet Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,947. Typical income of Petoskey, MI residents is less than $35k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Emmet County›Petoskey›49770›414 Waukazoo Ave

This home is located at 414 Waukazoo Ave in Petoskey, MI and zip code 49770. It has been listed on Rocket Homes since January 12, 2024 and is currently priced at $1,100,000.

Petoskey, MI housing market in March 2024 saw over 2 listings sold above listed price, more than 2 sold at listed price and over 11 sold below. The inventory of homes for sale in Petoskey, MI between February 2024 and March 2024 increased by 10.8%. The median list price of listings available in March 2024 was $438,316, while the average time on the real estate market was 14 days.

From Rocket Homes Real Estate and based on county public records data.

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