For the first time in over fifty-five years 505 Cherry Street is looking for a new family to enjoy this charming non-Victorian style home in the heart of downtown Petoskey on a giant, double-plus corner lot with 3 floors of living space and room to expand. This is one of the custom-built homes by Petoskey's renowned brick home builder Richard A. Wilbur, and true to form it features a lot of mid-century characteristics with beautiful hardwood flooring, custom built-ins, coved ceilings, unique storage options, and interesting spaces for stay at home work as well as relaxing. With two bedrooms upstairs and two bedrooms on the main floor plus a rare functional in town lower level, this house checks the boxes for young families and retirees alike and is walking distance from town and several schools. Multi-generational families can make this a great option as well with room for everyone as it is currently configured or there is a great to be finished space above the oversized garage with its own designated entrance. The grounds are gorgeous and full of well-kept trees and plantings flanking beautiful outdoor patios on both sides of the home that allowed these owners to enjoy sun and shade depending on their preference and the time of day. This a magnificent home and property perfectly positioned in one of our finest neighborhoods and is available for immediate occupancy, so get yourself to Northern Michigan just in time for summer and start enjoying the comfortable even paced lifestyle that Petoskey and The Little Traverse Bay Region provides. Contact today for a private showing.
Directions: From the corner of Mitchell and Howard Street in the middle of downtown Petoskey, travel east on Mitchell one block to Waukazoo Street, turn right and follow to Cherry Street, turn left and this great home occupies the corner of Waukazoo & Cherry Street.
Price Information
Listing Price Info
Price Summary:
List Price: $649,000
Price Per SqFt: $245/SqFt
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Central Elementary School
410 State St
Distance between this listing and this school0.27 miles
Public Magnet Grades PK-5
7
/10
Sheridan School
1415 Howard St
Distance between this listing and this school0.45 miles
Public Magnet Grades KG-5
7
/10
Ottawa Elementary School
871 Kalamazoo Ave
Distance between this listing and this school0.48 miles
Public Magnet Grades KG-5
Nearby Schools
9
/10
Petoskey Middle School
801 Northmen Dr
Distance between this listing and this school0.99 miles
Public Magnet Grades 6-8
5
/10
Harbor Springs Middle School
800 S State Rd
Distance between this listing and this school5.00 miles
Public District Grades 6-8
5
/10
Boyne City Middle School
1025 Boyne Ave
Distance between this listing and this school11.33 miles
Public District Grades 5-8
Nearby Schools
6
/10
Petoskey High School
1500 Hill St
Distance between this listing and this school0.81 miles
Public Magnet Grades 9-12
4
/10
Concord Academy-Petoskey
2468 Atkins Rd
Distance between this listing and this school1.76 miles
Public Charter Grades KG-12
6
/10
Harbor Springs High School
327 E Bluff Dr
Distance between this listing and this school4.66 miles
The neighbors living near this home have an average income of $50,772. The majority of Petoskey, MI residents have income between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 505 Cherry St
What is the listing price of this property?
The listing price of 505 Cherry St property is $649,000.
What type of property is this?
The property 505 Cherry St is a house located in Petoskey, Michigan, 49770.
Is this property for sale now?
Active Listing: 505 Cherry St is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 505 Cherry St has 4 bedrooms and 2 full and 1 half bathrooms.
What is the square footage of this property?
The property 505 Cherry St is 2,648 SqFt (source: MLS/tax record).
This home is located at 505 Cherry St in Petoskey, MI and zip code 49770. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 08, 2024 and is currently priced at $649,000.
In March 2024 more than 2 listings in Petoskey, MI were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 11 were sold below. The inventory of homes for sale in Petoskey, MI between February 2024 and March 2024 increased by 10.8%. Listings spent 14 days on the market in March 2024, and had a median list price of $438,316 during the same period.
From Rocket Homes Real Estate and based on county public records data.