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1679 Penny Ln, Petoskey, MI, 49770

$399,000

Home List Price

$4,738*

Closing Credit

3 Bedrooms
2 Full Baths
1,620 SqFt
$246/SqFt
House

Location

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1679 Penny Ln, Petoskey$399,000

Buyer Closing Credits

$4,738*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage-Attached
Attached Garage2 spaces
Year Built2024
HeatingNatural Gas, Floor Furnace
BasementYes
MLS #471149
Lot Size0.97 Acres
StatusActive

About 1679 Penny Ln

New construction in Petoskey's sought after Oakridge Farms neighborhood. Only two homes are left from the original three available! This brand new home, on a large 1 acre lot, will feature 3 bedrooms and 2 full baths, and a 2 car garage. Easily accessible main floor living for those that have trouble navigating stairways, making it a great condo alternative. Efficient in floor radiant heat, new everything, including stainless steel appliances and on-demand hot water. If you act now you can choose from a selection of exterior vinyl siding colors. This established subdivision is in an ideal location just a short drive to shopping, dining, Petoskey Schools and award wining McLaren Northern Michigan Hospital, plus it's right around the corner from the popular Mackinaw Trail Winery. BONUS OPTION: Call for details on how to save 5% off of the purchase price, for a limited time. *Photos shown are not the actual home but show a very similar home the builder has worked on with very similar floor plans and finishes.

Property Details

Property Features

Property Information:

  • Year Built: 2024
  • Living Area: 1,620 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Dryer, Range, Refrigerator, Washer
  • Basement: Yes
  • Interior: Patio

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Patio

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Garage-Attached

Lot Features

Lot Information:

  • Lot: Paved
  • Lot Size: 0.97 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Floor Furnace

Other

Directions Information:

  • Directions: From US 31 and US131, drive south on US 131 5.3 miles to Williams Road, turn right (west) on Williams Road approximately a 1/4 mile to Oakridge Farms on the right. Lots 1 and Lot 8 are on the west side near Cemetery Rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $399,000
  • Price Per SqFt: $246/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

1679 Penny Ln vs Petoskey

545 DAYS ON ROCKET

+508 Days

$399,000

-$48.2K Less

$246/SqFt

-$3 Less

KEY TAKEAWAY

This property is $48.2K less than the Median Sold Price and $3/SqFt less than other homes in Petoskey, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #471149

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: 11/21/2024, 3:20:47 PM 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

$2,059

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,263

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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-330199
8
/10

  • Sheridan School

  • 1415 Howard St

  • 2.70 miles

  • Public Magnet Grades KG-5

school-card-donut-330200
9
/10

  • Lincoln School

  • 616 Connable Ave

  • 3.05 miles

  • Public Magnet Grades KG-5

school-card-donut-330201
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. The majority of Petoskey, MI residents have income between $35k-100k annually. Most families are married, no kids. 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 1679 Penny Ln

What is the listing price of this property?

The listing price of 1679 Penny Ln property is $399,000.

What type of property is this?

The property 1679 Penny Ln is a house 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 many bedrooms and bathrooms does this property have?

The property at 1679 Penny Ln has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1679 Penny Ln is 1,620 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1679 Penny Ln is 2024.

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 1,620 square foot home, which was built in 2024, sits on a 0.97 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 26, 2023 and is currently priced at $399,000.

In October 2024, from all listings sold in Petoskey, MI there were more than 5 sold above asking price, over 15 sold below and more than 4 were sold right at the asked price. In October 2024 in Petoskey, MI there were 5% more homes for sale than in September 2024. While the average time on the market in October 2024 was 37 days, the median list price was $447,250.

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

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