This 6.5 acre parcel is perfectly located just outside the city limits with plenty of traffic and exposure off of Division. Situated between residential and commercial property and abutting Petoskey Bay View Country Club, the possibilities for this property are endless!
Property Details
Property Features
Listing Office:
Office Name: Kidd & Leavy Real Estate Co. LLC
Listing Agent: Patrick Leavy
Lot Features
Lot Information:
Lot: Gentle Sloping, Level
Lot Size: 6.60 Acres
Other
Directions Information:
Directions: From downtown Petoskey take Mitchell St E to Division. Left at the intersection and the property is 1/2 mile down on the right hand side.
Price Information
Listing Price Info
Price Summary:
List Price: $179,000
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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$961
Per Month
Principal & Interest
$894
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$603
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Ottawa Elementary School
871 Kalamazoo Ave
Distance between this listing and this school1.16 miles
Public Magnet Grades KG-5
7
/10
Central Elementary School
410 State St
Distance between this listing and this school1.59 miles
Public Magnet Grades PK-5
8
/10
Sheridan School
1415 Howard St
Distance between this listing and this school1.90 miles
Public Magnet Grades KG-5
Nearby Schools
7
/10
Petoskey Middle School
801 Northmen Dr
Distance between this listing and this school0.74 miles
Public Magnet Grades 6-8
6
/10
Harbor Springs Middle School
800 S State Rd
Distance between this listing and this school5.14 miles
Public District Grades 6-8
6
/10
Boyne City Middle School
1025 Boyne Ave
Distance between this listing and this school12.33 miles
Public District Grades 5-8
Nearby Schools
8
/10
Petoskey High School
1500 Hill St
Distance between this listing and this school0.79 miles
Public Magnet Grades 9-12
6
/10
Concord Academy-Petoskey
2468 Atkins Rd
Distance between this listing and this school1.16 miles
Public Charter Grades KG-12
6
/10
Harbor Springs High School
327 E Bluff Dr
Distance between this listing and this school4.80 miles
The neighbors living near this home have an average income of $77,985. Residents of Petoskey, MI typically earn between $35k-100k each year. Residents typically live in married, no kids family. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 500 N Division Rd
What is the listing price of this property?
The listing price of 500 N Division Rd property is $179,000.
What type of property is this?
The property 500 N Division Rd is land located in Petoskey, Michigan, 49770.
Is this property for sale now?
Active Listing: 500 N Division Rd is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 500 N Division Rd in Petoskey, MI and zip code 49770. This home sits on a 6.60 acre lot. It has been listed on Rocket Homes since November 04, 2022 and is currently priced at $179,000.
In October 2024 more than 5 listings in Petoskey, MI were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 15 were sold below. The number of listings in Petoskey, MI increased by 5% between September 2024 and October 2024. The median list price of listings available in October 2024 was $447,250, while the average time on the real estate market was 37 days.
From Rocket Homes Real Estate and based on county public records data.
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
Hunting
Hunting
NASCAR
Figure Skating
Dick's Sporting Goods
Dillards
Wal-Mart
Texas Roadhouse
Cracker Barrel
Hardee's
Subaru
Cadillac
Ram
New Country
News/Talk/Information
Classic Country