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7555 Channel Rd, Petoskey, MI, 49770

$949,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,588 SqFt
$598/SqFt
House

Location

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7555 Channel Rd, Petoskey$949,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage-Detached
Garage1 space
Year Built1965
HeatingNatural Gas, Forced Air
CoolingCeiling Fan(s)
WaterfrontDock
MLS #475186
Lot Size0.87 Acres
StatusActive

About 7555 Channel Rd

Welcome to 7555 Channel Road in Petoskey where you will discover the serene beauty of Crooked Lake. This exceptional property offers 150' of waterfront providing a peaceful retreat away from the westerly wind and offers breathtaking, uninterrupted natural views of the Oden Island sanctuary right across the water. The property is adorned with mature, beautiful trees, creating a picturesque and tranquil setting. This home blends nature and comfort, featuring an open concept layout with new windows (2016) in the spacious dining area, an updated kitchen, and a great room that offers expansive views of Crooked Lake and Oden Island. Enjoy all the benefits of waterfront living on the Inland Waterway yet less than 10 miles to all the amenities of downtown Petoskey and Harbor Springs. The property has been recently updated inside and out with a new roof (2016), a new furnace (2015), encapsulated crawl space, and a newer well system. Experience the private and calm side of the lake, perfect for boating, kayaking, and fishing. Additional features include a a newer washer and dryer, attached garage, and a shed for ample storage. This large lot with substantial depth and width allow for many opportunities to add on to or build an additional garage. Property can come fully furnished and turnkey. There are no short term rental restrictions and has great income potential. Open House Saturday 10/19 10 am - Noon.

Property Details

Property Features

Property Information:

  • Year Built: 1965
  • Living Area: 1,588 SqFt

Listing Office:

  • Office Name: Coldwell Banker Schmidt- Harbor Springs
  • Listing Agent: William Winslow

Interior Features

Interior Information:

  • Appliances: Microwave, Ceiling Fan(s), Dishwasher, Hot Tub, Range, Refrigerator
  • Basement: No
  • Flooring Type: Wood
  • Interior: Ceiling Fan(s), Hot Tub

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Dock
  • Exterior: Deck, Boat Dock, Hot Tub

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Garage-Detached

Lot Features

Lot Information:

  • Lot: Dock, Paved
  • Lot Size: 0.87 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: US 31 N right on Pickerel Lake Rd, stay on Channel House on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $949,000
  • Price Per SqFt: $598/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

$447.2K

Med. Price/SqFt

$248

Avg. Days On Market

37

# of Sold Homes

25

7555 Channel Rd vs Petoskey

37 DAYS ON ROCKET

-0 Day

$949,000

+$501.7K More

$598/SqFt

+$349 More

KEY TAKEAWAY

This property is $501.7K more than the Median Sold Price and $349/SqFt more than other homes in Petoskey, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #475186

Listing Office:

  • Office Name: Coldwell Banker Schmidt- Harbor Springs
  • Listing Agent: William Winslow

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: 11/23/2024, 8:20:47 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

May 10, 2017Home Sold
$412,500

Tax History

YEARPROP. TAXASSESSMENT
2021 - $211,700
2020 - $206,700
2019 - $202,200
2018 - $195,600
2017 - $162,400

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

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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-974208
6
/10

  • Ottawa Elementary School

  • 871 Kalamazoo Ave

  • 6.91 miles

  • Public Magnet Grades KG-5

school-card-donut-974209
7
/10

  • Central Elementary School

  • 410 State St

  • 7.32 miles

  • Public Magnet Grades KG-5

school-card-donut-974210
8
/10

  • Sheridan School

  • 1415 Howard St

  • 7.51 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 $60,511. Residents of Petoskey, MI typically earn between $35k-100k each year. The most common type of family is married, 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 7555 Channel Rd

What is the listing price of this property?

The listing price of 7555 Channel Rd property is $949,000.

What type of property is this?

The property 7555 Channel Rd is a house located in Petoskey, Michigan, 49770.

Is this property for sale now?

Active Listing: 7555 Channel Rd 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 May 10, 2017 for $412,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7555 Channel Rd has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 7555 Channel Rd is 1,588 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7555 Channel Rd is 1965.

Rocket Homes›Michigan›Emmet County›Petoskey›49770›7555 Channel Rd

This home is located at 7555 Channel Rd in Petoskey, MI and zip code 49770. This 1,588 square foot home, which was built in 1965, sits on a 0.87 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $949,000.

In October 2024 more than 5 listings in Petoskey, MI were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 15 were sold below. The number of listings in Petoskey, MI increased by 5% between September 2024 and October 2024. The median list price of listings available in October 2024 was $447,250, while the average time on the real estate market was 37 days.

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

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