Poised for Future Development! Chapel Hill Condo Association is For Sale. Price includes all available lots, which are also listed individually. Sale price will adjust for any lots which sell prior to the Association sale. Contractor discounts available on purchase of 3 or more lots as well. Chapel Hill is an executive HOA with beautiful open or wooded acreage building sites situated along paved winding roads which climb through the meadows, hills and valleys of this lovely countryside association. All lots are at least 1 acre, creating perfect building sites. Surveys with building envelopes, all legal ownership documents and association board membership included with sale. Developers and builders can save on all the infrastructure costs, as everything is already in place! Underground electric, True Stream Fiber and Natural gas available. Consider the future of this elegant and peaceful location for your home building business venture.
Property Details
Property Features
Listing Office:
Office Name: Sue Louiselle, Broker
Listing Agent: Sue Louiselle
Exterior Features
Exterior Information:
View: Trees/Woods
Lot Features
Lot Information:
Lot: Electric Fence, Trees, Paved, Rolling/Hilly, Level, Open Lot
Lot Size: 30.00 Acres
Other
Directions Information:
Directions: River Rd to Chapel Hill Association
Price Information
Listing Price Info
Price Summary:
List Price: $699,000
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.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,556
Per Month
Principal & Interest
$3,489
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
$2,162
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
8
/10
Sheridan School
1415 Howard St
Distance between this listing and this school3.80 miles
Public Magnet Grades KG-5
6
/10
Ottawa Elementary School
871 Kalamazoo Ave
Distance between this listing and this school3.93 miles
Public Magnet Grades KG-5
7
/10
Central Elementary School
410 State St
Distance between this listing and this school4.29 miles
Public Magnet Grades KG-5
Nearby Schools
7
/10
Petoskey Middle School
801 Northmen Dr
Distance between this listing and this school3.94 miles
Public Magnet Grades 6-8
6
/10
Boyne City Middle School
1025 Boyne Ave
Distance between this listing and this school8.11 miles
Public District Grades 5-8
6
/10
Harbor Springs Middle School
800 State St
Distance between this listing and this school9.08 miles
Public District Grades 5-8
Nearby Schools
6
/10
Concord Academy Petoskey
2468 Atkins Rd
Distance between this listing and this school3.39 miles
Public Charter Grades KG-12
8
/10
Petoskey High School
1500 Hill St
Distance between this listing and this school4.08 miles
Public Magnet Grades 9-12
6
/10
Boyne City High School
1035 Boyne Ave
Distance between this listing and this school8.10 miles
The neighbors living near this home have an average income of $79,897. The majority of Petoskey, MI residents have income between $35k-100k annually. Typical family type 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 Development Chapel Hill Drive
What is the listing price of this property?
The listing price of Development Chapel Hill Drive property is $699,000.
What type of property is this?
The property Development Chapel Hill Drive is land located in Petoskey, Michigan, 49770.
Is this property for sale now?
Active Listing: Development Chapel Hill Drive is For Sale (Active/New) which means the seller is accepting offers.
How much acreage is this property?
The property Development Chapel Hill Drive is 30.00 acres.
Interested in Development Chapel Hill Drive? Let's connect.
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 Development Chapel Hill Drive in Petoskey, MI and zip code 49770. This home sits on a 30.00 acre lot. It has been listed on Rocket Homes since October 03, 2024 and is currently priced at $699,000.
While more than 1 listings in Petoskey, MI in December 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 8 were sold below. The inventory of homes for sale in Petoskey, MI between November 2024 and December 2024 decreased by 5.9%.
From Rocket Homes Real Estate and based on county public records data.