1 month on rocket

511 Bay, Petoskey, MI, 49770

$399,500

Home List Price

$4,744*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
1,480 SqFt
$270/SqFt
House

Location

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511 Bay, Petoskey$399,500

Buyer Closing Credits

$4,744*

1.25% Loan Amount

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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: $399,500
  • Price Per SqFt: $270/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

511 Bay vs Petoskey

45 DAYS ON ROCKET

$399,500

-$50.5K Less

$270/SqFt

+$20 More

KEY TAKEAWAY

This property is $50.5K less than the Median Sold Price and $20/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

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: 12/22/2024, 11:20:50 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

$2,061

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,264

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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-1111910
7
/10

  • Central Elementary School

  • 410 State St

  • 0.35 miles

  • Public Magnet Grades KG-5

school-card-donut-1111911
6
/10

  • Ottawa Elementary School

  • 871 Kalamazoo Ave

  • 0.67 miles

  • Public Magnet Grades KG-5

school-card-donut-1111912
8
/10

  • Sheridan School

  • 1415 Howard St

  • 0.87 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 $41,078. Residents of Petoskey, MI typically earn less than $35k each year. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

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 $399,500.

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 $399,500.

Over 5 listings were sold over their listed price in November 2024 in Petoskey, MI. In the same period over 12 listings were sold below the listed price and 0 listings were sold for the listed price. The number of homes for sale in Petoskey, MI decreased by 9.2% between October 2024 and November 2024.

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

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