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For sale
    • Price cut: $90K (6/26)
    $599,000

    701 Michigan St, Petoskey, MI 49770

    6beds
    2,850sqft
    : 
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    SingleFamily
    Built in ----
    -- sqft lot
    $590,300 Zestimate®
    $210/sqft
    $-- HOA

    What's special

    Fresh exterior paintBeautifully refreshed kitchen
    Great opportunity to own a home in downtown Petoskey, complete with the added benefit of an income-producing rental property—making this an especially attractive and affordable option. This 3-bedroom, 2-bath residence is ideally situated just a couple of blocks from the Gaslight District, Petoskey Public Library, as well as several schools and churches, offering both convenience and a vibrant community setting. Recent updates include fresh exterior paint and beautifully refreshed kitchen and bathroom spaces, creating a move-in-ready home with stylish, updated finishes. Whether you're looking for a primary residence with supplemental income or an investment opportunity in a prime location, this property offers versatility, charm, and strong potential.
    97 days
    |
    1,208
    |
    56
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Pete Platte,

    Gaslight Group Properties 231-347-7300

    Source: Northern Michigan MLS,MLS#: 479032MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 3
      • Full bathrooms: 3
      Dining room
      • Area: 108.29
      • Dimensions: 9.42 x 11.5
      Family room
      • Area: 133.73
      • Dimensions: 10.92 x 12.25
      Kitchen
      • Area: 175.19
      • Dimensions: 9.92 x 17.67
      Living room
      • Area: 149.19
      • Dimensions: 13.67 x 10.92
      Heating
      • Forced Air
      Cooling
      • Wall Unit(s)
      Appliances
      • Included: Built-in Microwave, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Range
      Features
      • Windows: Mini Blinds
      • Basement: Michigan
      Interior area
      • Total interior livable area: 2,850 sqft

      Property

      Parking
      • Parking features: No Garage Or Carport
      Features
      • Levels: Two Or More
      Lot
      • Features: Paved
      Details
      • Additional structures: Guest House
      • Parcel number: 521905176014

      Construction

      Type & style
      • Home type: SingleFamily
      Materials
      • Wood Frame/Site Built

      Utilities & green energy

      • Sewer: City
      • Water: City

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Petoskey

      Financial & listing details

      • Price per square foot: $210/sqft
      • Tax assessed value: $247,200
      • Date on market: 4/13/2026

        Estimated market value

        $590,300

        $561,000 - $620,000

        $3,801/mo

        Price history

        DateEventPrice
        6/26/2026Price change$599,000-13.1%$210/sqft
        Source: Northern Michigan MLS #479032 Report a problem
        5/1/2026Price change$689,000-1.4%$242/sqft
        Source: Northern Michigan MLS #479032 Report a problem
        4/13/2026Listed for sale$699,000+209.3%$245/sqft
        Source: Northern Michigan MLS #479032 Report a problem
        11/8/2021Sold$226,000-5.4%$79/sqft
        Source: Public Record Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        11/19/2019Listing removed$239,000$84/sqft
        Source: Owner Report a problem
        6/1/2019Listed for sale$239,000$84/sqft
        Source: Owner Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2021-- $123,600 +19.3%
        2020-- $103,600 +5.1%
        2019-- $98,600 +3.8%
        2018-- $95,000 +1.6%
        2017-- $93,500 -1.1%
        2016-- $94,500 +9.4%
        2015-- $86,400
        2014-- $86,400 +6%
        2013-- $81,500 +25.8%
        2012-- $64,800 -3.1%
        2011-- $66,900 -19.4%
        2010-- $83,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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

        83 / 100
        Very Walkable
        50 / 100
        Bikeable

        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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