511 Bay, Petoskey, MI, 49770

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

511 Bay, Petoskey$419,500

Buyer Closing Credits

$4,982^*

1.25% Loan Amount

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingNone

HeatingNatural Gas, Baseboard

CoolingCeiling Fan(s)

BasementYes

MLS #475324

StatusActive

About 511 Bay

Prime location perfectly situated just a block from the heart of downtown Petoskey in the highly sought after Lower Eastside neighborhood. Walk anywhere in town; just a short stroll to schools, restaurants, shopping, and Little Traverse Bay waterfront million dollar sunsets. This historic home has been extensively updated and features 2 large bedrooms and 1.5 baths, plus a fantastic three-seasons room. Homes in this location are often double or triple the price. You will not find a more affordable option in this location. Great condo alternative! Schedule a tour today so you don't miss this rare opportunity to plant roots in downtown Petoskey. Owner is a licensed real estate agent in the state of Michigan.

Property Details

Property Features

Property Information:

Living Area: 1,480 SqFt

Listing Office:

Office Name: Gaslight Group Properties
Listing Agent: Cam Braddock

Interior Features

Interior Information:

Appliances: Ceiling Fan(s), Dishwasher, Dryer, Range, Refrigerator, Washer
Basement: Yes
Interior: Cable, Ceiling Fan(s)

Bedroom and Bathroom Information:

Partial Bathrooms: 1
Full Bathrooms: 1
Total Bedroom Count: 2

Exterior Features

Exterior Information:

Exterior: Deck

Parking Information:

Attached Garage: No
Parking: None

Lot Features

Lot Information:

Lot: Paved

Utilities

Utilities Information:

Heating: Natural Gas, Baseboard
Cooling: Ceiling Fan(s)

Other

Directions Information:

Directions: Bay St, East of Division.

Price Information

Listing Price Info

Price Summary:

List Price: $419,500
Price Per SqFt: $283/SqFt

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.

Petoskey, MI

City

Med. Sold Price

$447.2K

Med. Price/SqFt

$248

Avg. Days On Market

# of Sold Homes

511 Bay vs Petoskey

14 DAYS ON ROCKET

-23 Days

$419,500

-$27.7K Less

$283/SqFt

+$34 More

KEY TAKEAWAY

This property is $27.7K less than the Median Sold Price and $34/SqFt more than other homes in Petoskey, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

MLS Number: #475324

Listing Office:

Office Name: Gaslight Group Properties
Listing Agent: Cam Braddock

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: 11/22/2024, 2:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$2,161

Per Month

Principal & Interest

$2,094

Home Price

Interest Rate

Down Payment

Loan Term

Property Taxes

Annual Cost

$/ Year

Mortgage Insurance

Monthly Premium

$/ Month

Homeowners Insurance

$67

Monthly Premium

$/ Month

Homeowners Association (HOA)

Monthly Fees

$/ Month

Utilities

Monthly Cost

$/ Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,324

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

/10

Central Elementary School
410 State St
Distance between this listing and this school0.35 miles
Public Magnet Grades KG-5

/10

Ottawa Elementary School
871 Kalamazoo Ave
Distance between this listing and this school0.67 miles
Public Magnet Grades KG-5

/10

Sheridan School
1415 Howard St
Distance between this listing and this school0.87 miles
Public Magnet Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

46%

<35k

33%

35k-100k

16%

100k-200k

200k+

What level of education do the neighbors have?

Post Secondary: 57%
High School: 30%
Masters: 11%
Doctorate: 2%

What types of families live nearby?

49%

Single, No Kids

13%

Single, with Kids

24%

Married, No Kids

14%

Married, with Kids

Are the neighbors home owners or renters?

Renters: 62%
Home Owners: 38%

How old are people in this area?

11%

<11 yrs old

12-17 yrs old

26%

18-34 yrs old

41%

35-64 yrs old

14%

65+ yrs old

What do the neighbors do for fun?

Pro Wrestling
Figure Skating
NASCAR

Where do the neighbors shop?

Family Dollar
Kmart
Dollar General

Where do the neighbors go to eat?

Dominos Pizza
Bob Evans
Cracker Barrel

What do the neighbors drive?

Ford
Buick
Ram

What do the neighbors listen to?

New Country
Oldies
Classic Country

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 majority of families are single, 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 511 Bay

What is the listing price of this property?

The listing price of 511 Bay property is $419,500.

What type of property is this?

The property 511 Bay is a house located in Petoskey, Michigan, 49770.

Is this property for sale now?

Active Listing: 511 Bay is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 511 Bay has 2 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 511 Bay is 1,480 SqFt (source: MLS/tax record).

Rocket Homes›Michigan›Emmet County›Petoskey›49770›511 Bay

This home is located at 511 Bay in Petoskey, MI and zip code 49770. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $419,500.

Petoskey, MI housing market in October 2024 saw over 5 listings sold above listed price, more than 4 sold at listed price and over 15 sold below. In October 2024 in Petoskey, MI there were 5% more homes for sale than in September 2024. Listings spent 37 days on the market in October 2024, and had a median list price of $447,250 during the same period.

Location

Property Highlights

Property Details

Property Features

Interior Features

Exterior Features

Lot Features

Utilities

Other

Price Information

Listing Price Info

Housing Market Comparison

MLS Details

Property Sales & Tax

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

Frequently Asked Questions About 511 Bay

More Resources

More Homes For Sale in Petoskey

Homes For Sale in Nearby Cities

Housing Market Reports in Emmet County