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505 Wachtel Avenue

505 Wachtel Avenue, Petoskey, MI 49770
Property in Petoskey
Sold Aug 30, 2013
$158,000
$150,575 by Lake Michigan Credit Union
Mortgage Due Sep 01, 2043
This has been categorized as a residential property type. In total, the area measurement of the land is 17,934 square feet.

Learn more about the property and building on this page. The property was last sold in Aug 15, 2013 for $158,000. 505 Wachtel Avenue was last assessed in 2023. The total value of the property was assessed at $180,000. Specifically, the land the property is located on was valued at $180,000. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $3,061. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 17,934
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WACHTEL, QUINLAN AND MCCARTYS ADDITION
  • Land Acres: 0.411
  • Standard Land Use Code: Single family residential
  • Legal Description 1: THE VILLAGE OF WACHTEL QUINLAN & MC CARTYS ADD. LOTS 60 & 61. SECTION 6, T34N,R5W

Ownership

  • Current Owner : SHELTON MICHAEL E
  • Current Owner 2: SHELTON KATHRYN A
  • Previous Owner : LIEBERMAN MARY PATRICIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Public Schools of Petoskey
  • School Tax School District: PETOSKEY
  • Census Tract: 970800

Zoning

  • Zoning: COP RM-2

Geography

  • District: 52
  • Section: 6
  • Parcel: 52-19-06-202-043
  • Lot: 60-61
  • Meridian: SEC 06 TWN 34N RNG 05W
  • Municipality: CITY OF PETOSKEY
  • Latitude: 45.373
  • Longitude: -84.9623

    Address

  • Full Address: 505 Wachtel Ave
  • Address - House Number: 505
  • Address - Street Name: Wachtel
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Petoskey
  • Carrier Code: C002
  • 4-Digit Zip Code: 2338
  • Zip Code: 49770

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,061
  • Tax Rate Code Area: 52

    Appraisal Valuation

  • Standard Deviation: 0.2446
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 65
  • Final Value: 455,238
  • High Value: 566,626
  • Low Value: 343,850

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $270,775
  • First Open Lien Mortgage Lender: LAKE MICHIGAN CREDIT UNION
  • First Open Lien Mortgage Recording Date: Aug 30, 2013
  • First Open Lien Mortgage Loan Amount: $150,575
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2043
  • Second Open Lien Mortgage Lender: LAKE MICHIGAN CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Feb 01, 2022
  • Second Open Lien Mortgage Loan Amount: $120,200
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Cash
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2037

    Market Valuation

  • Market Total Value: $360,000
  • Market Land Value: $360,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $180,000
  • Assessed Land Value: $180,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 15, 2013
  • Current Sale Recording Date: Aug 30, 2013
  • Current Sale Transaction ID: 1088143099
  • Current Sale Price: $158,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5112610

    Last Sale Mortgage

  • First Mortgage Lender: LAKE MICHIGAN CREDIT UNION
  • First Mortgage Transaction Date: Aug 30, 2013
  • First Mortgage Loan Amount: $150,575
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Sep 01, 2043

About Petoskey



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Frequently Asked Questions

What neighborhood is 505 Wachtel Avenue located in?
The 505 Wachtel Avenue is a located in the neighborhood of Petoskey in Petoskey, Petoskey.
What is the average sales price for listings in 505 Wachtel Avenue?
The average sales price for units in 505 Wachtel Avenue is $0 currently.

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