22 days on rocket

511 Bay, Petoskey, MI, 49770

$429,900

Home List Price

$5,105*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
1,480 SqFt
$290/SqFt
House
Schools Nearby

Location

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511 Bay, Petoskey$429,900

Buyer Closing Credits

$5,105*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNone
HeatingNatural Gas, Baseboard
CoolingCeiling Fan(s)
BasementYes
MLS #473392
StatusActive

About 511 Bay

Location, location, location! Welcome to Little Bay Retreat, located just a block from the heart of downtown Petoskey’s Gaslight District in the highly sought after Lower Eastside neighborhood. Walk anywhere in town; just a short stroll to restaurants, shopping, and Little Traverse Bay million dollar sunsets. This historic home was extensively updated and features 2 large bedrooms and 1.5 baths, plus a fantastic three-seasons room. Offered fully furnished with remaining rental income included as well (currently $11,000 and counting - summer calendar just opened up). Homes in this location are often double or triple the price. You will not find a more affordable option in this location. Schedule a tour today so you don't miss this incredible opportunity to plant roots in downtown Petoskey. Owner is a licensed real estate agent in the state of Michigan.

Property Details

Property Features

Property Information:

  • Living Area: 1,480 SqFt

Listing Office:

  • Office Name: Gaslight Group Properties
  • Listing Agent: Cam Braddock

Interior Features

Interior Information:

  • Appliances: Ceiling Fan(s), Dishwasher, Dryer, Range, Refrigerator, Washer
  • Basement: Yes
  • Interior: Cable, Ceiling Fan(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Deck

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot: Paved

Utilities

Utilities Information:

  • Heating: Natural Gas, Baseboard
  • Cooling: Ceiling Fan(s)

Other

Directions Information:

  • Directions: Bay St East of Division.

Price Information

Listing Price Info

Price Summary:

  • List Price: $429,900
  • Price Per SqFt: $290/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

511 Bay vs Petoskey

22 DAYS ON ROCKET

+8 Days

$429,900

-$8.4K Less

$290/SqFt

+$59 More

KEY TAKEAWAY

This property is $8.4K less than the Median Sold Price and $59/SqFt more than other homes in Petoskey, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #473392

Listing Office:

  • Office Name: Gaslight Group Properties
  • Listing Agent: Cam Braddock

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: 4/26/2024, 5:25:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,213

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,355

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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-793784
8
/10

  • Central Elementary School

  • 410 State St

  • 0.33 miles

  • Public Magnet Grades PK-5

school-card-donut-793785
7
/10

  • Ottawa Elementary School

  • 871 Kalamazoo Ave

  • 0.70 miles

  • Public Magnet Grades KG-5

school-card-donut-793786
8
/10

  • Lincoln School

  • 616 Connable Ave

  • 0.95 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 $41,078. The most common annual income of people living in Petoskey, MI is less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 511 Bay

What is the listing price of this property?

The listing price of 511 Bay property is $429,900.

What type of property is this?

The property 511 Bay is a house located in Petoskey, Michigan, 49770.

Is this property for sale now?

Active Listing: 511 Bay is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 511 Bay has 2 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 511 Bay is 1,480 SqFt (source: MLS/tax record).

Rocket Homes›Michigan›Emmet County›Petoskey›49770›511 Bay

This home is located at 511 Bay in Petoskey, MI and zip code 49770. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 04, 2024 and is currently priced at $429,900.

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 number of homes for sale in Petoskey, MI increased by 10.8% between February 2024 and March 2024. In March 2024, listings were on the market for 14 days. During the same period, the median list price in this real estate market was $438,316.

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

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