Sold for $1,000,000

$1,000,000

5557 Basswood Ct, Petoskey, MI 49770

4beds

4baths

3,376sqft

SingleFamily

Built in 2004

-- sqft lot

$1,001,700 Zestimate^®

$296/sqft

$4,278 Estimated rent

Home value

$1,001,700

$811,000 - $1.24M

$4,278/mo

Zestimate^® history

Owner options

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$4,278/mo

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$4,278/mo

Rent Zestimate^®

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$6,183/mo

Est. payment

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$6,183/mo

Est. payment

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What's special

This beautiful home is set in the trees on a private lot within The Oaks of Walloon. The spacious backyard borders the Walloon Lake Conservancy loaded with walking trails. 4 bedrooms, 3 and 1 half baths, 3 stall heated garage. Living room has a gas start wood burning fireplace and walkout onto house length rear balcony. Full gourmet kitchen including bar/lounge area, a walk-in pantry with Wolf and Sub-Zero appliances. Dining/breakfast area with walkout to rear covered deck. Spacious mudroom with locker system and closets for storage. Private first floor master with bath, walk-in shower, vanity area and walk-in dressing room/master closet with built-in's and windows. Family room with walkout to rear patio and yard. Home security system and multi-room zone audio system. Over garage bonus room with large windows for future growth.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Heating

Other, Stove, Gas, Other

Cooling

Central

Appliances

Included: Dishwasher, Garbage disposal, Microwave, Range / Oven, Refrigerator

Features

Flooring: Tile, Carpet, Hardwood
Has fireplace: Yes

Interior area

Total interior livable area: 3,376 sqft

Property

Parking

Parking features: Garage - Attached

Features

Exterior features: Wood

Details

Parcel number: 131836325139

Construction

Type & style

Home type: SingleFamily

Materials

Roof: Asphalt

Condition

Year built: 2004

Community & HOA

Location

Region: Petoskey

Financial & listing details

Price per square foot: $296/sqft
Tax assessed value: $481,000

Price history

Date	Event	Price
11/26/2025	Sold	$1,000,000-13%$296/sqft
Source: Agent Provided Report a problem
9/24/2025	Listed for sale	$1,150,000+115.4%$341/sqft
Source: Northern Michigan MLS #477833 Report a problem
6/29/2018	Sold	$534,000+13.6%$158/sqft
Source: Agent Provided Report a problem
12/17/2013	Listing removed	$469,900$139/sqft
Source: Harbor Sotheby's International Realty #437133 Report a problem
9/18/2013	Price change	$469,900-2.1%$139/sqft
Source: Harbor Sotheby's International Realty #437133 Report a problem
8/6/2013	Price change	$479,900-2%$142/sqft
Source: Harbor Sotheby's International Realty #437133 Report a problem
6/8/2013	Listed for sale	$489,900$145/sqft
Source: Harbor Sotheby's International Realty #437133 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2021	--	$240,500 -3.5%
2020	--	$249,100 -0.2%
2019	--	$249,700 +14.9%
2018	--	$217,300 +0.5%
2017	--	$216,300 +3.6%
2016	--	$208,700 +0.2%
2015	--	$208,200 +14.6%
2014	--	$181,700 +5.5%
2013	--	$172,300 +2.1%
2012	--	$168,700 -7.6%
2011	--	$182,500 -16.8%
2010	--	$219,400