1624 Penny Ln, Petoskey, MI 49770
Property image
Property image
OFF MARKET

1624 Penny Ln
Petoskey, MI 49770

  • 3 Beds
  • 2 Baths
  • 1,800 sqft (on 1.20 acres)

$596,000

Trulia Estimate
as of Aug 23, 2026
Est. Refi. Payment $3,569/mo*
Refinance Your Home

$596,000

Trulia Estimate
as of Aug 23, 2026
Est. Refi. Payment $3,569/mo*
Refinance Your Home
3 Beds
2 Baths
1,800 sqft
(on 1.20 acres)

Home Value

Trulia Estimate
$596K
Since last month
Decreased$1K (-0.2%)
Since last year
Increased$43K (+7.7%)
Since last sale
Increased$93K (+18.3%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +1,153% in the last 10 years
MonthEstimated value
2026
August 2026$598K
July 2026$599K
June 2026$613K
May 2026$599K
April 2026$567K
March 2026$560K
February 2026$571K
January 2026$560K
2025
2024
2023
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
3266 Annies Way, Petoskey, MI
0.15
Single-Family Home
$475,000
09/24/25
3
2
1,800
3293 Annies Way, Petoskey, MI
0.17
Single-Family Home
$495,000
07/23/26
3
2
1,787
2755 Crestview Dr, Petoskey, MI
0.95
Single-Family Home
$230,000
04/06/26
3
2
1,350
4286 Howard Rd, Petoskey, MI
1.20
Single-Family Home
$302,581
06/01/26
4
3
1,486
2188 Cemetery Rd, Petoskey, MI
1.24
Single-Family Home
$387,000
09/05/25
3
2
1,344
4325 US Highway 131, Petoskey, MI
1.05
Single-Family Home
$670,000
01/27/26
4
2.5
3,605
3854 Blackbird Rd, Petoskey, MI
1.68
Single-Family Home
$380,000
12/05/25
3
2
2,304
4802 Blackbird Rd, Petoskey, MI
2.15
Single-Family Home
$430,000
06/19/26
3
2
2,403
2283 US Highway 131, Petoskey, MI
1.20
Single-Family Home
$246,000
01/27/26
2
2
840
944 Windsong Place, Petoskey, MI
1.31
Single-Family Home
$345,000
06/25/26
4
2.5
2,026

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
3255 Cemetery Rd, Petoskey, MI 49770
0.21
$519,900
4
2
2,040
For Sale
2072 Williams Rd, Petoskey, MI 49770
0.47
$949,000
5
2
2,284
For Sale
921 Woodridge Trl, Petoskey, MI 49770
0.88
$312,900
5
2
1,722
Off Market
921 Woodridge Dr, Petoskey, MI 49770
0.88
$440,600
5
2
1,722
Off Market
708 Greg Rd, Petoskey, MI 49770
1.01
$424,500
3
3
2,716
Off Market
Eppler And Intertown Roads, Petoskey, MI 49770
1.10
$145,000
-
-
-
For Sale
1868 Farm View Ln #8, Petoskey, MI 49770
1.11
$119,000
-
-
-
For Sale
1926 Farm View Ln #7, Petoskey, MI 49770
1.12
$119,000
-
-
-
For Sale
3260 Resort Pike Rd, Petoskey, MI 49770
1.16
$421,700
3
2
2,712
Off Market
763 Intertown Rd, Petoskey, MI 49770
1.22
$234,000
3
2
1,191
Off Market
2555 Howard Rd, Petoskey, MI 49770
1.24
$165,000
2
1
850
For Sale
1965 Farmview Ln, Petoskey, MI 49770
1.26
$495,500
2
2
1,432
Off Market

Local Information

  • Map ViewExplore the area around 1624 Penny Ln.
  • Schools1 Preschool School4 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2022
Lot Size
1.2 acres
Living Area
1,800 sqft
Price/Sqft
$331

About this House

Come home to this newly built ranch home, nestled among majestic pine trees on more than an acre in Oakridge Farm Estates. The large, open floor plan coupled with 9-foot ceilings and natural light pouring through large windows highlights just how spacious this house really is. The kitchen is spacious, and the dining room leads out to an open deck surrounded by trees, making this the perfect place to entertain guests. Beautiful luxury plank vinyl floors are installed throughout the main living areas, and the large bedrooms are carpeted for ultimate comfort. The energy-efficient walk-out basement is a DIY dream Drywalled with ICF walls and plumbed for a full bathroom and wet bar, all that's left is for you to make it your own. Another feature of this home is a two-car garage with ample space for vehicles and all your outdoor toys. Although this home is situated on a private lot, it's only minutes away from downtown Petoskey, miles of trails, and some of the most beautiful lakes in Michigan. This property won't last long Call us today to learn more.
1624 Penny Ln, Petoskey, MI 49770 is a 3 bedroom, 2 bathroom, 1,800 sqft single-family home built in 2022. It last sold for $505,000 on Dec 5, 2022. It is currently off market. The Trulia Estimate is $596,000, with a rent estimate of $2,863/month.

Home Details for 1624 Penny Ln

Interior Features

Heating & Cooling
Heating: Forced Air, GasHeating Fuel: Forced Air
Appliances & Utilities
DishwasherDisposalMicrowaveRefrigerator

Exterior Features

Exterior Home Features
Roof: Asphalt

Property Information

Year Built
Year Built: 2022Year Updated: 2022
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 1.20 acres

Price and Tax history

DateEventPrice
Dec 5, 2022
Source: N/A
Sold
$505,000
Oct 6, 2022
Source: Northern Michigan MLS #469724
Listed For Sale
$539,000
Nov 1, 2019
Source: Agent Provided
ListingRemoved
$30,000
Nov 1, 2019
Source: Agent Provided
PriceChange
$30,000
Price decreased by 14%
Oct 31, 2019
Source: Agent Provided
Listed For Sale
$35,000

Market trends in Petoskey

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$453K
$6.67KMoM
Sale-to-List Price
—
Price per sq ft
—
Available listings
190
19MoM

Around this home

What Locals Say about Petoskey

At least 90 Trulia users voted on each feature.

  • 89 % Say it's dog friendly

  • 80 % Say car is needed

  • 79 % Say people would walk alone at night

  • 78 % Say there's wildlife

  • 75 % Say parking is easy

  • 74 % Say there's holiday spirit

  • 74 % Say yards are well-kept

  • 72 % Say kids play outside

  • 72 % Say streets are well-lit

  • 69 % Say it's quiet

  • 66 % Say they plan to stay for at least 5 years

  • 63 % Say it's walkable to restaurants

  • 61 % Say there are sidewalks

  • 58 % Say neighbors are friendly

  • 53 % Say it's walkable to grocery stores

  • 38 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Deborah
    "Great schools and community support. Safe and walkable. A bit like Mayberry. Neighbors are friendly and helpful. It’s a small town feel with lots af amenities and beautiful nature "
    0
    Flag
  • Kalajhutchinsoncounseling
    "Kind and friendly. Helpful and connected with resources in the area. Clean and beautiful. Great community clean up and services. Lots of restaurants and stores to fill your needs. "
    0
    Flag
  • DavD
    "I love it here and have lived here for over 30 years. This is the most safest and beautiful town in Michigan!"
    0
    Flag
  • Rick Pawley
    "Bike trail. Beach. Rock collecting. State park. Victorian homes. Close shopping. Many restaurants nearby. "
    0
    Flag
  • Leirik Wysocki
    "Avoid going through Bay View in the summer time. Unless you want to lose an hour of your time haha "
    0
    Flag
  • Reed_perkins
    "Top quality performing arts and music in the historical community of Bay View, which sits inside Petoskey "
    0
    Flag
  • khaalck
    "I am less than 10 minutes from everything within the city limits. I also live close to grocery stores. "
    0
    Flag
  • Ktwichel3
    "It’s quite except for new years and the 4th where the city has accepted the use of fireworks. Huge mistake!"
    0
    Flag
  • Angela188
    "Petoskey art in the park, winter festival, movies in the park, open house nights, bliss fest, festival by the bay "
    0
    Flag
  • Josephmccarron64
    "There are many families in this neighborhood and surrounding ones. Lots of pets, people are pleasant and friendly"
    0
    Flag
  • Melissa.hundey
    "The downtown truck or treating the Sat before Halloween The winter carnival in February at the winter sports part "
    0
    Flag
  • Emily C.
    "Schools are great. Nice neighborhood and neighbors too lots of parks and things to do. Lots of sports for kids to join"
    1
    Flag
  • Kendrasgreen21
    "far proximity from other houses, private, lots of yard space. in the woods, away from the road. isolated areas. "
    1
    Flag
  • Emily C.
    "Parades, fun for the kids every Halloween downtown trick or treat. Beaches, breakwall to jump off of"
    0
    Flag
  • Lacy M.
    "The schools are great. Rent prices and property taxes are very high. Good paying jobs are available, but minimal. Overall, a great town. It's expensive to live here."
    7
    Flag
  • Kgrunt
    "Very beautiful landscape. Raised my four kids there. Spent my life there until moving to Florida due to getting tired of winters here. "
    4
    Flag
  • Reiner B. N.
    " Gated community surrounding a golf course and yacht club. Community is on Lake Michigan (little traverse bay) and has many good restaurants "
    0
    Flag
  • Famtastic l.
    "This home is located accross from state land and surrounded by CCC trails. If you love dirt bike riding, snow mobiling, horse back riding, etc this is the perfect spot. Located just 10 minutes from Petoskey which is set on Lake Michigan. There are many activies to keep you busy in this small town and surrounding area. "
    0
    Flag
  • Bizbox43
    "Estimated prices shown are on the low side. Fabulous area for a summer home but great opportunities for winter sports as well. World class yacht club. Excellent 27 holes of golf. Two protected harbors. Highest usage of electric cars in the country (GEM cars)."
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 1624 Penny Ln

  • What is 1624 Penny Ln estimated to be worth?
    Trulia's estimated value for 1624 Penny Ln in Petoskey, MI is $596,000.
  • What is the price history for 1624 Penny Ln?
    1624 Penny Ln in Petoskey, MI last sold for $505,000 in December 2022.
  • Is Petoskey a buyer's or seller's market?
    Petoskey is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Petoskey?
    The median sale price in Petoskey is $453K. That is down $6.67K from the prior month.
  • How big is the lot at 1624 Penny Ln?
    The lot at 1624 Penny Ln in Petoskey, MI is about 1.2 acres.

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Off Market Homes Near 1624 Penny Ln

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