4 months on rocket

1679 Penny Ln, Petoskey, MI, 49770

$125,000

1.00 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #474546
Lot Size1.00 Acres
StatusActive

About 1679 Penny Ln

A great opportunity to purchase an improved 1-acre lot in Petoskey's sought after Oakridge Farms neighborhood, only a couple of miles south of Petoskey. Skip the line so to speak, you'll have a jump on everyone else when it comes to building! This corner lot, with many permits in place, will be sold with a brand new 5" well, 1000 gallon septic tank, and a drain field set up for a 3 bedroom home, site will be prepped for a 30' x 50' foundation area, a spot for an attached 24' x 24' garage, prepped for a walkout basement, includes fill dirt, and a completed gravel driveway, plus the seller is providing a $5,000 allowance for backfilling the foundation. * Property is also being sold with the option for a complete build as well, see MLS # 471149 for those details.

Property Details

Property Features

Listing Office:

  • Office Name: Real Estate One
  • Listing Agent: Matt Hausler

Lot Features

Lot Information:

  • Lot: Gentle Sloping, Level, Open Lot
  • Lot Size: 1.00 Acres

Other

Directions Information:

  • Directions: From US 31 and US 131 Drive south approximately 3 miles, turn right on Williams Road, turn right on Cemetry Road and another right on Penny Lane. Look for sign.

Price Information

Listing Price Info

Price Summary:

  • List Price: $125,000
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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

$450K

Med. Price/SqFt

$250

# of Sold Homes

17

1679 Penny Ln vs Petoskey

123 DAYS ON ROCKET

$125,000

-$325K Less

KEY TAKEAWAY

This property is $325K less than the Median Sold Price in Petoskey, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #474546

Listing Office:

  • Office Name: Real Estate One
  • Listing Agent: Matt Hausler

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: 12/4/2024, 3:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021 - $19,100
2020 - $19,100
2019 - $19,100
2018 - $19,900
2017 - $19,900

History based on county public records data.

Payment Calculator

$691

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$441

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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-3799574
8
/10

  • Sheridan School

  • 1415 Howard St

  • 2.70 miles

  • Public Magnet Grades KG-5

school-card-donut-3799575
9
/10

  • Lincoln School

  • 616 Connable Ave

  • 3.05 miles

  • Public Magnet Grades KG-5

school-card-donut-3799576
6
/10

  • Ottawa Elementary School

  • 871 Kalamazoo Ave

  • 3.19 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 $79,897. Typical income of Petoskey, MI residents is between $35k-100k annually. Most families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1679 Penny Ln

What is the listing price of this property?

The listing price of 1679 Penny Ln property is $125,000.

What type of property is this?

The property 1679 Penny Ln is land located in Petoskey, Michigan, 49770.

Is this property for sale now?

Active Listing: 1679 Penny Ln is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 1679 Penny Ln is 1.00 acres.
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Rocket Homes›Michigan›Emmet County›Petoskey›49770›1679 Penny Ln

This home is located at 1679 Penny Ln in Petoskey, MI and zip code 49770. This home sits on a 1.00 acre lot. It has been listed on Rocket Homes since August 02, 2024 and is currently priced at $125,000.

In November 2024, from all listings sold in Petoskey, MI there were more than 5 sold above asking price, over 12 sold below and more than 0 were sold right at the asked price. In November 2024 in Petoskey, MI there were 9.2% less homes for sale than in October 2024.

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

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