6 months on rocket

319 W Mitchell St, Petoskey, MI, 49770

$375,000

Home List Price

$4,453*

Closing Credit

0 Baths
38,500 SqFt
$10/SqFt
House

Location

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319 W Mitchell St, Petoskey$375,000

Buyer Closing Credits

$4,453*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built1900
HeatingNatural Gas, Forced Air
BasementYes
MLS #473997
StatusActive

About 319 W Mitchell St

Fantastic income producing property with 2 residential units and 3 commercial units. Both residential units are 2 bedrooms and 1 bath. Each commercial space has a private bathroom and fronts US Hwy 31 providing great business exposure to public. All units have great bones and are located just 3 blocks from the hospital, 4 blocks from downtown shopping and restaurants, 3 blocks from the famed Little Traverse Wheelway bike path, 3 blocks from waterfront parks and 3 blocks from the Bear River recreational park trails. Zoned B-3 which allows the 2nd floor residential units to be short term vacation rentals adding income potential. Duplex next door at 315 W Mitchell St. is also available for sale by same owner.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 38,500 SqFt

Listing Office:

  • Office Name: Real Estate One
  • Listing Agent: Amanda Conklin

Interior Features

Interior Information:

  • Appliances: Range, Refrigerator
  • Basement: Yes
  • Interior: Cable

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Located south side of W Mitchell road. Parking on and off of Madison St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $375,000
  • Price Per SqFt: $10/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

$450K

Med. Price/SqFt

$250

# of Sold Homes

17

319 W Mitchell St vs Petoskey

186 DAYS ON ROCKET

$375,000

-$75K Less

$10/SqFt

-$240 Less

KEY TAKEAWAY

This property is $75K less than the Median Sold Price and $240/SqFt less than other homes in Petoskey, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #473997

Listing Office:

  • Office Name: Real Estate One
  • Listing Agent: Amanda Conklin

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, 1:20:48 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 - $142,000
2020 - $117,100
2019 - $106,600
2018 - $109,100
2017 - $100,800

History based on county public records data.

Payment Calculator

$1,939

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,191

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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-77156
9
/10

  • Lincoln School

  • 616 Connable Ave

  • 0.31 miles

  • Public Magnet Grades KG-5

school-card-donut-77157
7
/10

  • Central Elementary School

  • 410 State St

  • 0.52 miles

  • Public Magnet Grades KG-5

school-card-donut-77158
8
/10

  • Sheridan School

  • 1415 Howard St

  • 0.86 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 $51,471. Typical income of Petoskey, MI residents is less than $35k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 319 W Mitchell St

What is the listing price of this property?

The listing price of 319 W Mitchell St property is $375,000.

What type of property is this?

The property 319 W Mitchell St is a house located in Petoskey, Michigan, 49770.

Is this property for sale now?

Active Listing: 319 W Mitchell St is For Sale (Active/New) which means the seller is accepting offers.

What is the square footage of this property?

The property 319 W Mitchell St is 38,500 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 319 W Mitchell St is 1900.

Rocket Homes›Michigan›Emmet County›Petoskey›49770›319 W Mitchell St

This home is located at 319 W Mitchell St in Petoskey, MI and zip code 49770. This 38,500 square foot home was built in 1900. It has been listed on Rocket Homes since June 01, 2024 and is currently priced at $375,000.

In November 2024 more than 5 listings in Petoskey, MI were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 12 were sold below. The inventory of homes for sale in Petoskey, MI between October 2024 and November 2024 decreased by 9.2%.

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

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