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For sale
  • $499,000

    3221 Krause Rd, Petoskey, MI 49770

    3beds
    0baths
    1,930sqft
    : 
    $3,317/mo
    Get pre-qualified
    SingleFamily
    Built in 2003
    40 Acres Lot
    $484,400 Zestimate®
    $259/sqft
    $-- HOA

    What's special

    Wonderful outhouseDining area
    40-ACRES OF BEAUTIFUL HARDWOOD FOREST…PLUS A HUNTING CABIN AND BUNKHOUSE, JUST FIVE MILES TO PETOSKEY. You’ll drive on the long curving drive, through your own forest until you reach the hunting cabin, surrounded by quiet, pristine woods! The 1,930+ sq ft hunting cabin & bunkhouse is just perfect for a large family, plus many guests. YES, all the deer on the property, become yours! The main floor of the hunting cabin & bunkhouse has a large living room, kitchen, a dining area and a great big woodburning stove, which keeps the whole hunting cabin warm and toasty! The first floor bunk room has 3 beds. The half-bath is also on the main floor. The upper level houses another bunk room with 9 full beds, a queen and baby crib. The 1,200 square foot cement block basement, has the ground level exit door, plus windows. Wonderful front porch across the entire front. Perfect for enjoying company and entertaining. There's also a 30’ by 24’-foot barn which serves as the garage for vehicles and all your toys. Furnishings are all included per list provided. Electricity and fiber optic cable are underground. YES, the hardwood can be harvested at proper intervals for income from the property. Two hunting blinds are including. Wonderful outhouse! ASK REALTOR FOR 4-COLOR BROCHURE WITH ALL THE DETAILS.
    21 days
    |
    1,297
    |
    64
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Joe Blachy,

    Petoskey Real Estate Group

    Source: Northern Michigan MLS,MLS#: 480179MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 0
      Primary bedroom
      • Area: 290
      • Dimensions: 10 x 29
      Bedroom
      • Area: 372
      • Dimensions: 15 x 24.8
      Bedroom 1
      • Area: 162
      • Dimensions: 15 x 10.8
      Dining room
      • Description: Combined w / Living Rm
      Kitchen
      • Area: 245.16
      • Dimensions: 22.7 x 10.8
      Living room
      • Area: 199.26
      • Dimensions: 8.1 x 24.6
      Heating
      • Wood
      Appliances
      • Included: Refrigerator, Range
      Features
      • Basement: Block,Full,Walk-Out Access
      • Has fireplace: Yes
      • Fireplace features: Wood Burning Stove
      Interior area
      • Total interior livable area: 1,930 sqft

      Property

      Parking
      • Parking features: Detached Garage
      • Has garage: Yes
      • Covered spaces: 3
      Features
      • Patio & porch: Deck
      Lot
      • Size: 40 Acres
      • Dimensions: 660 x 2640
      • Features: Near Snowmobile Trails
      Details
      • Parcel number: 011923200002

      Construction

      Type & style
      • Home type: SingleFamily
      Materials
      • Wood Frame/Site Built
      Condition
      • Year built: 2003

      Utilities & green energy

      • Sewer: Other

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Petoskey

      Financial & listing details

      • Price per square foot: $259/sqft
      • Tax assessed value: $108,800
      • Date on market: 7/17/2026
      • Road surface type: Paved

        Estimated market value

        $484,400

        $460,000 - $509,000

        $2,171/mo

        Price history

        DateEventPrice
        7/17/2026Listed for sale$499,000-9.1%$259/sqft
        Source: Northern Michigan MLS #480179 Report a problem
        11/11/2025Listing removed$549,000$284/sqft
        Source: WWMLS #201835125 Report a problem
        9/17/2025Price change$549,000-8.2%$284/sqft
        Source: Northern Michigan MLS #476685 Report a problem
        6/23/2025Price change$598,000-0.2%$310/sqft
        Source: Northern Michigan MLS #476685 Report a problem
        6/4/2025Listed for sale$599,000-7.8%$310/sqft
        Source: Northern Michigan MLS #476685 Report a problem
        1/31/2025Listing removed$649,999$337/sqft
        Source: Northern Michigan MLS #475341 Report a problem
        8/3/2024Listed for sale$649,999$337/sqft
        Source: Northern Michigan MLS #474552 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2021-- $54,400
        2020-- $54,400
        2019-- $54,400 -4.4%
        2018-- $56,900 +0.5%
        2017-- $56,600 +2.7%
        2016-- $55,100
        2015-- $55,100 -23.7%
        2014-- $72,200 +1.3%
        2013-- $71,300 -1.1%
        2012-- $72,100 +3.3%
        2011-- $69,800 +0.3%
        2010-- $69,600
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 49770

        Getting around

        0 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Petoskey

        Source: Northern Michigan MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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