5 months on rocket

621 Emmet St, Petoskey, MI, 49770

$395,000

Home List Price

$4,691*

Closing Credit

0 Baths
3,153 SqFt
$125/SqFt
Multi
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

621 Emmet St, Petoskey$395,000

Buyer Closing Credits

$4,691*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTriplex
Garage1 space
HeatingNatural Gas, Baseboard
BasementYes
FireplaceWood Burning Fireplace
MLS #472594
StatusActive

About 621 Emmet St

Fantastic opportunity to purchase a 3-unit income producing property just a few short blocks to downtown Petoskey! The property is within walking distance to the Bear River Walk, Waterfront Park Little Traverse Wheelway and downtown restaurants and shopping. The property is currently set up with 2 rental units on the main floor and one upstairs. There are many possibilities with this property, continue renting as is, live in one unit and rent the other 2 out to offset costs or the property could be turned back into a single-family home. Property is zoned RM-2 which allows for long term rentals, but no short-term rentals allowed.

Property Details

Property Features

Property Information:

  • Living Area: 3,153 SqFt

Listing Office:

  • Office Name: Real Estate One
  • Listing Agent: Clinton Shuman

Interior Features

Interior Information:

  • Appliances: Dishwasher, Range, Refrigerator
  • Basement: Yes
  • Flooring Type: Wood
  • Interior: Cable
  • Fireplace: Wood Burning Fireplace

Exterior Features

Parking Information:

  • Garage Space: 1 space

Utilities

Utilities Information:

  • Heating: Natural Gas, Baseboard

Other

Directions Information:

  • Directions: Located between State and Grove St just west of the Zipp building.

Price Information

Listing Price Info

Price Summary:

  • List Price: $395,000
  • Price Per SqFt: $125/SqFt
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Petoskey, MI

City

Med. Sold Price

$438.3K

Med. Price/SqFt

$231

Avg. Days On Market

14

# of Sold Homes

15

621 Emmet St vs Petoskey

178 DAYS ON ROCKET

+164 Days

$395,000

-$43.3K Less

$125/SqFt

-$106 Less

KEY TAKEAWAY

This property is $43.3K less than the Median Sold Price and $106/SqFt less than other homes in Petoskey, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #472594

Listing Office:

  • Office Name: Real Estate One
  • Listing Agent: Clinton Shuman

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: 4/28/2024, 11:25:16 AM 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 - $49,600
2020 - $49,600
2019 - $49,600
2018 - $49,600
2017 - $49,600

History based on county public records data.

Payment Calculator

$2,039

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,251

Powered By

Rocket Mortgage

Advertisement

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-2202508
8
/10

  • Central Elementary School

  • 410 State St

  • 0.17 miles

  • Public Magnet Grades PK-5

school-card-donut-2202509
8
/10

  • Lincoln School

  • 616 Connable Ave

  • 0.55 miles

  • Public Magnet Grades KG-5

school-card-donut-2202510
7
/10

  • Sheridan School

  • 1415 Howard St

  • 0.62 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. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Emmet County›Petoskey›49770›621 Emmet St

This home is located at 621 Emmet St in Petoskey, MI and zip code 49770. It has been listed on Rocket Homes since November 02, 2023 and is currently priced at $395,000.

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 number of listings 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.

More Resources