2 years on rocket

120 E Lake, Petoskey, MI, 49770

$1,295,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
6 Full Baths
3,815 SqFt
$339/SqFt
House

Location

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120 E Lake, Petoskey$1,295,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNone
HeatingNatural Gas
MLS #469818
StatusActive

About 120 E Lake

This newly renovated tri-plex is a multi family opportunity. In the heart of the downtown, no better location is out there! Outstanding views paired with the best location, makes this desirable listing one that will sell quickly. There are three beautifully appointed units. The first floor is a two bedroom two bath, with an open floor plan. Our second unit is a three bedroom, three bath with an open floor plan and very unique front and center turret room. Such a lovely place to read a book and enjoy the view. While the third unit is a one bedroom one bath unit, it has the beautiful views we all desire in this lovely area we call home. So much opportunity for the investor or homeowner who wants to live in one unit and rent out the other two. And so much opportunity for the lucky few that get to live near the marina and walk to downtown Petoskey for dinner! Beards Brewery is a hop skip and a jump home!!

Property Details

Property Features

Property Information:

  • Living Area: 3,815 SqFt

Listing Office:

  • Office Name: Gaslight Group Properties
  • Listing Agent: Jane Fisher

Interior Features

Interior Information:

  • Appliances: Dryer, Range, Refrigerator, Washer
  • Flooring Type: Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: None

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: In the heart of downtown Petoskey.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,295,000
  • Price Per SqFt: $339/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

$447.2K

Med. Price/SqFt

$248

Avg. Days On Market

37

# of Sold Homes

25

120 E Lake vs Petoskey

747 DAYS ON ROCKET

+710 Days

$1,295,000

+$847.7K More

$339/SqFt

+$90 More

KEY TAKEAWAY

This property is $847.7K more than the Median Sold Price and $90/SqFt more than other homes in Petoskey, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #469818

Listing Office:

  • Office Name: Gaslight Group Properties
  • Listing Agent: Jane Fisher

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: 11/5/2024, 2:20:47 AM 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.

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$6,531

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,949

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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-1930771
7
/10

  • Central Elementary School

  • 410 State St

  • 0.29 miles

  • Public Magnet Grades PK-5

school-card-donut-1930772
9
/10

  • Lincoln School

  • 616 Connable Ave

  • 0.58 miles

  • Public Magnet Grades KG-5

school-card-donut-1930773
8
/10

  • Sheridan School

  • 1415 Howard St

  • 0.89 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. Typical income of Petoskey, MI residents is less than $35k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 120 E Lake

What is the listing price of this property?

The listing price of 120 E Lake property is $1,295,000.

What type of property is this?

The property 120 E Lake is a house located in Petoskey, Michigan, 49770.

Is this property for sale now?

Active Listing: 120 E Lake is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 120 E Lake has 6 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 120 E Lake is 3,815 SqFt (source: MLS/tax record).

Rocket Homes›Michigan›Emmet County›Petoskey›49770›120 E Lake

This home is located at 120 E Lake in Petoskey, MI and zip code 49770. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since October 19, 2022 and is currently priced at $1,295,000.

While more than 5 listings in Petoskey, MI in October 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 15 were sold below. The inventory of homes for sale in Petoskey, MI between September 2024 and October 2024 increased by 5%. In October 2024, listings were on the market for 37 days. During the same period, the median list price in this real estate market was $447,250.

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

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