2 months on rocket

702 Michigan St, Petoskey, MI, 49770

$949,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Full Baths, 1 Partial
3,086 SqFt
$308/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

702 Michigan St, Petoskey$949,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingGarage-Attached
Attached Garage2 spaces
Year Built1890
HeatingNatural Gas, Forced Air, Other
CoolingCeiling Fan(s)
BasementYes
FireplaceWood Burning Fireplace
MLS #475185
StatusActive

About 702 Michigan St

Located within easy walking distance of downtown Petoskey's Gaslight District, this fully restored 1890s residence—originally the historic Lawton Boarding House—blends timeless charm with modern living. Thoughtfully redesigned, this home offers four bedrooms, including a first-floor primary suite with ensuite bath and an additional bedroom/studio with its own full bath. The spacious dining room and inviting parlor, featuring an original fireplace, radiate historic warmth and character. The second floor includes a family room with picturesque views of Little Traverse Bay, two additional bedrooms, two full baths, a full kitchen, and a convenient laundry area, ideal for guests or extended living. A spacious 2.5 car garage and ample off-street parking provide convenience and additional storage. Extensive Renovations (2011-2021): Carefully updated to retain its historic appeal, the home underwent a comprehensive transformation, with new plumbing, electrical systems, insulation, roofing, windows, and siding. High-end kitchen upgrades include a Fulgor Milano induction cooktop, Bertazzoni built-in ovens, and a custom penny-topped bar. The fireplace has been meticulously rebuilt, preserving original details such as a hand-painted slate surround and antique ash dump. All rooms now feature restored high ceilings and custom-milled wood trims that honor the home’s architectural heritage. Eco-Conscious Outdoor Oasis: The property is situated on an 80x130 corner lot, with a backyard designated as a Certified Wildlife Habitat and a Monarch Waystation. The landscape promotes biodiversity with indigenous plants and perennials, while multiple seating areas, patios, and a dedicated grilling space create an ideal outdoor retreat. This distinctive property presents a unique opportunity to own a historic Petoskey gem, seamlessly blending old-world craftsmanship with luxurious, modern amenities.

Property Details

Property Features

Property Information:

  • Year Built: 1890
  • Living Area: 3,086 SqFt

Listing Office:

  • Office Name: Coldwell Banker Schmidt - Petoskey
  • Listing Agent: Jeff Patton

Interior Features

Interior Information:

  • Appliances: Microwave, Ceiling Fan(s), Dishwasher, Dryer, Disposal, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Wood
  • Interior: Cable, Ceiling Fan(s), Patio
  • Fireplace: Wood Burning Fireplace

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Deck, Patio

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Garage-Attached

Virtual/3D Tour

  • 3D Tour: 702 Michigan St
3D Tour

Lot Features

Lot Information:

  • Lot: Paved

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air, Other
  • Cooling: Ceiling Fan(s)

Other

Directions Information:

  • Directions: Located on the corner of Michigan Street and Harvey Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $949,000
  • Price Per SqFt: $308/SqFt
House and calculator

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.

Med. Sold Price

$450K

Med. Price/SqFt

$250

# of Sold Homes

17

702 Michigan St vs Petoskey

66 DAYS ON ROCKET

$949,000

+$499K More

$308/SqFt

+$58 More

KEY TAKEAWAY

This property is $499K more than the Median Sold Price and $58/SqFt more than other homes in Petoskey, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #475185

Listing Office:

  • Office Name: Coldwell Banker Schmidt - Petoskey
  • Listing Agent: Jeff Patton

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, 11:55:50 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

Aug 16, 2010Home Sold
$95,000

Tax History

YEARPROP. TAXASSESSMENT
2021 - $151,000
2020 - $117,900
2019 - $115,600
2018 - $114,800
2017 - $106,400

History based on county public records data.

Payment Calculator

$4,804

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,912

Powered By

Rocket Mortgage

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.

Nearby Schools

school-card-donut-1115787
7
/10
  • Central Elementary School

  • 410 State St

  • 0.25 miles

  • Public Magnet Grades KG-5

school-card-donut-1115788
6
/10
  • Ottawa Elementary School

  • 871 Kalamazoo Ave

  • 0.42 miles

  • Public Magnet Grades KG-5

school-card-donut-1115789
8
/10
  • Sheridan School

  • 1415 Howard St

  • 0.66 miles

  • Public Magnet Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,772. Residents of Petoskey, MI typically earn between $35k-100k each year. The most common type of family is 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 702 Michigan St

What is the listing price of this property?

The listing price of 702 Michigan St property is $949,000.

What type of property is this?

The property 702 Michigan St is a house located in Petoskey, Michigan, 49770.

Is this property for sale now?

Active Listing: 702 Michigan St 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 August 16, 2010 for $95,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 702 Michigan St has 4 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 702 Michigan St is 3,086 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 702 Michigan St is 1890.

Rocket HomesMichiganEmmet CountyPetoskey49770702 Michigan St

This home is located at 702 Michigan St in Petoskey, MI and zip code 49770. This 3,086 square foot home was built in 1890. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $949,000.

In November 2024, from all listings sold in Petoskey, MI there were more than 5 sold above asking price, over 12 sold below and more than 0 were sold right at the asked 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.

More Resources