Welcome to 120 East Lake Street, a building located in Petoskey in Petoskey, MI.
As a quick overview, these are the most up-to-date information we've collected about the property.
There are a total of 4 floors.
Finally, 120 East Lake Street was most recently sold on Apr 21, 2021 for $400,000.
The market value for the land that the building sits on has been listed at $56,200.
In addition, improvements upon the building have an added value of $348,800.
In total, the total market value of the property as a whole is $405,000.
According to local assessors, the total value of the building is currently valued at $202,500.
Specifically, the value of the land that the property sits on has been assessed at $28,100.
The building was last assessed in 2023.
Here's what we know about the features and amenities in this building.
While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead.
We are not sure what system the building uses for cooling.
Sadly, informaton related to the heating system was not disclosed.
There is no porch or patio on the premise of the property.
For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool.
The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
More About The Building
In total, the building area is listed as 2,607 square feet.
The depth of the property lot was measured at 700 square feet and the front at 1,250 square feet.
The building itself has 2,607 square footage of total floor area.
Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition.
The building class code for 120 East Lake Street is unknown but given the importance of this information, we will work to update this data as soon as possible.
Interested in learning more about the neighborhood that the property is located in?
Buildings in the 49770 area have a median price of $525.
Those in the 25th percentile, have a price around $498.
While those in the 75th percentile, have a price around $538.
Typically, the buildings in this area have a median sqft of 634.
That means that the median price per sqft is around $1.
In other words, the price per sqft for buildings in the 25th percentile is $1.
While the price per sqft for buildings in the 75th percentile is $1.
As a breakdown, we've included the following stats:
- There are currently no studio listings being advertised in the area.
- There are currently a total of 2 one bedroom listings.
The median price for these types of listings is $498.
That's $0.84 price per sqft.
- There is currently a single advertised two bedroom listing.
- There are currently no three bedroom listings being advertised in the area.
- There are currently no four bedroom listings being advertised in the area.
About The Area
120 East Lake Street is located in 49770.
There are 17,148 people living here.
There are 7,322 households.
Most of these households have an average family size of 2.83 people.
According to the census, 32% are currently renting while 68% own their homes.
The median age of this population is around 42 years old.
On average, most folks in the zipcode are unmarried.
About 2% of folks speak a language other than English in this area.
The area's employment rate is currently around 60.4%.
Speaking of employment, the median income is $51,687.
Most folks will commute by car for around 15.9 minutes.
Finally, we know that 24% of residents in the area have graduated with their high school degree.
Additionally, 23% and 13% have their Bachelor's and Master's degree, respectfully.
Moving on to the county level.
Emmet County, Michigan has a population of 33,091 people.
Based on census records, there are 14,144 registered households.
Families in this area are on average made up of 2.8 people per household.
Most folks are married.
They are also typically around 44.8 years old.
Does diversity matter to you? Right now, 3% of folks speak a language other than English here.
About 25% rent while 75% purchased their homes.
Right now, the community is made up of 26% of residents who have graduated with at least a high school degree.
On top of that, 21% have a Bachelor's degree and 12% have a Master's degree.
The employment rate is currently around 58.3%.
Those employed, have a median income of $51,096.
If you move here, you can expect to commute mostly by car for around 19.5 minutes.
