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518 Wachtel Ave, Petoskey, MI, 49770

$499,900

Home List Price

$5,936*

Closing Credit

5 Bedrooms
3 Full Baths
2,219 SqFt
$225/SqFt
House

Location

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518 Wachtel Ave, Petoskey$499,900

Buyer Closing Credits

$5,936*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNone
HeatingNatural Gas, Baseboard
BasementYes
MLS #474559
StatusActive

About 518 Wachtel Ave

Enjoy downtown living in this charming and nicely maintained home in a great location just west of the Bear River. Access to the river pathway is across the street and you can easily walk to the waterfront and to downtown Petoskey's Gaslight District. This lovely 4 bedroom, 2 bath home, features hardwood flooring, quaint details, a covered front porch, and a private patio space perfect for relaxing. There is a bonus 1 bedroom, 1 bath guest house in the back that is currently utilized as a rental property.

Property Details

Property Features

Property Information:

  • Living Area: 2,219 SqFt

Listing Office:

  • Office Name: Gaslight Group Properties
  • Listing Agent: Pete Platte

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Deck

Parking Information:

  • Attached Garage: No
  • Parking: None

Utilities

Utilities Information:

  • Heating: Natural Gas, Baseboard

Other

Directions Information:

  • Directions: Going South of downtown Petoskey on US 31, take a left on Wachtel Ave. Home is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,900
  • Price Per SqFt: $225/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

$442.2K

Med. Price/SqFt

$241

Avg. Days On Market

76

# of Sold Homes

27

518 Wachtel Ave vs Petoskey

53 DAYS ON ROCKET

-23 Days

$499,900

+$57.6K More

$225/SqFt

-$17 Less

KEY TAKEAWAY

This property is $57.6K more than the Median Sold Price and $17/SqFt less than other homes in Petoskey, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #474559

Listing Office:

  • Office Name: Gaslight Group Properties
  • Listing Agent: Pete Platte

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: 9/27/2024, 8:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 28, 2018Home Sold
$141,500

Tax History

YEARPROP. TAXASSESSMENT
2021 - $115,500
2020 - $92,600
2019 - $90,600
2018 - $81,200
2017 - $74,800

History based on county public records data.

Payment Calculator

$2,562

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,565

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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-815076
9
/10

  • Lincoln School

  • 616 Connable Ave

  • 0.35 miles

  • Public Magnet Grades KG-5

school-card-donut-815077
7
/10

  • Central Elementary School

  • 410 State St

  • 0.38 miles

  • Public Magnet Grades PK-5

school-card-donut-815078
8
/10

  • Sheridan School

  • 1415 Howard St

  • 0.79 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 $34,107. The majority of Petoskey, MI residents have income less than $35k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 518 Wachtel Ave

What is the listing price of this property?

The listing price of 518 Wachtel Ave property is $499,900.

What type of property is this?

The property 518 Wachtel Ave is a house located in Petoskey, Michigan, 49770.

Is this property for sale now?

Active Listing: 518 Wachtel Ave is For Sale (Active/New) which means the seller is accepting offers.

When was this property sold last time and for how much?

The last sale was on November 28, 2018 for $141,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 518 Wachtel Ave has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 518 Wachtel Ave is 2,219 SqFt (source: MLS/tax record).

Rocket Homes›Michigan›Emmet County›Petoskey›49770›518 Wachtel Ave

This home is located at 518 Wachtel Ave in Petoskey, MI and zip code 49770. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 05, 2024 and is currently priced at $499,900.

In August 2024, from all listings sold in Petoskey, MI there were more than 8 sold above asking price, over 12 sold below and more than 7 were sold right at the asked price. The number of listings in Petoskey, MI increased by 9.4% between July 2024 and August 2024. While the average time on the market in August 2024 was 76 days, the median list price was $442,250.

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

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