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512 Michigan St

Petoskey, MI 49770

3 bd 1 ba 1,008 sqft Lot 7,379 sqft single_family
Most recent sale
$335,000
Jun 20, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jun 20, 2022 Sold $335,000 Public Record
Apr 30, 2022 Listed $349,900 MLS #468029
Apr 13, 2022 Listed $349,900 MLS #467850
Oct 12, 2016 Sold $172,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2024 $86,100 $2,817
2023 $77,800 $2,699
2022 $74,700 $1,167
2021 $62,700 $1,136
2020 $51,200 $1,148
2012 $35,300 $1,218
2011 $34,700 $1,202
2010 $42,000 $1,453

Property facts

Year built
Property type
single_family
Stories
Beds
3
Baths
1
Living area
1,008 sqft
Lot size
7,379 sqft
ZIP code
49770
City
Petoskey
Street
Michigan St
Coordinates
45.37268, -84.95235

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,512
Gross rental yield
5.42%
Implied cap rate
3.52%
Trend-extrapolated value

Frequently asked questions

When did 512 Michigan St last sell?
512 Michigan St most recently sold on Jun 20, 2022 for $335,000.
What is the current tax assessment for 512 Michigan St?
The most recent total assessment for 512 Michigan St (year 2024) is $86,100 with $2,817 in property tax.
How does 512 Michigan St's assessment compare to its last sale price?
The current assessment is 74.3% below the last sale price of $335,000.
When was 512 Michigan St built?
The year built for 512 Michigan St is not in our records.
How does 512 Michigan St compare to others on Michigan St?
We track 8 other properties on Michigan St. Browse the list under "Other properties on Michigan St" to compare beds, baths, and sale history.
What are the property facts for 512 Michigan St?
512 Michigan St is a 3 bed, 1 bath, 1,008 sqft, 7,379 sqft lot single_family.
Is 512 Michigan St a flip candidate?
No — 512 Michigan St does not appear in our flips dataset.
Is 512 Michigan St a tax-appeal candidate?
No — 512 Michigan St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+1.3%
Implied 1-yr
+5.4%
2026 Q3
$410.1K
2026 Q4
$415.1K
ZIP 49770 — Median Price History + Forecast

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