Sunsets over Lake Michigan are what Petoskey is known for and the view of that natural wonder from this elevated building site captures the lake and the setting sun beautifully. This Large walkout building site in an area of luxury homes on the northeast side of town is the perfect place to invest in your Northern Michigan dream. With low Township taxes and only $300 a year in association dues it’s not just the view that makes this offering attractive, it may be the most affordable sunset view lot in the entire region. Add in that you are an easy drive to Downtown Petoskey's Gaslight District, plus directly adjacent to the short cut to M-119 which takes you towards Harbor Springs, and it’s no wonder this location is a hotspot for year-round residents and Resort users alike. The home next to this lot is also for sale (715 Homestead Court) by the same owners. Contact for more information today.
Property Details
Property Features
Listing Office:
Office Name: Gaslight Group Properties
Listing Agent: Michael "Mac" McCarthy
Lot Features
Lot Information:
Lot: Electric Fence, Gentle Sloping
Lot Size: 0.50 Acres
Other
Directions Information:
Directions: Take Country Club Road in Petoskey past Boyer to Homestead Ct (look for Horizon Heights sign) Property is on the right.
Price Information
Listing Price Info
Price Summary:
List Price: $46,000
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.
$297
Per Month
Principal & Interest
$230
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
$204
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 school2.19 miles
Public Magnet Grades KG-5
7
/10
Central Elementary School
410 State St
Distance between this listing and this school2.62 miles
Public Magnet Grades KG-5
8
/10
Sheridan School
1415 Howard St
Distance between this listing and this school2.79 miles
Public Magnet Grades KG-5
Nearby Schools
7
/10
Petoskey Middle School
801 Northmen Dr
Distance between this listing and this school1.59 miles
Public Magnet Grades 6-8
6
/10
Harbor Springs Middle School
800 State St
Distance between this listing and this school5.80 miles
Public District Grades 5-8
6
/10
Boyne City Middle School
1025 Boyne Ave
Distance between this listing and this school12.80 miles
Public District Grades 5-8
Nearby Schools
6
/10
Concord Academy Petoskey
2468 Atkins Rd
Distance between this listing and this school1.46 miles
Public Charter Grades KG-12
8
/10
Petoskey High School
1500 Hill St
Distance between this listing and this school1.78 miles
Public Magnet Grades 9-12
6
/10
Harbor Springs High School
500 N Spring St
Distance between this listing and this school5.49 miles
The neighbors living near this home have an average income of $77,985. Typical income of Petoskey, MI residents is between $35k-100k annually. The majority of families are married, 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 705 Homestead Ct
What is the listing price of this property?
The listing price of 705 Homestead Ct property is $46,000.
What type of property is this?
The property 705 Homestead Ct is land located in Petoskey, Michigan, 49770.
Is this property for sale now?
Active Listing: 705 Homestead Ct 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 705 Homestead Ct in Petoskey, MI and zip code 49770. This home sits on a 0.50 acre lot. It has been listed on Rocket Homes since February 10, 2024 and is currently priced at $46,000.
In November 2024 more than 5 listings in Petoskey, MI were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 12 were sold below. Between October 2024 and November 2024, Petoskey, MI real estate market has seen decrease in the number of listings by 9.2%.
From Rocket Homes Real Estate and based on county public records data.