505 Cherry St, Petoskey, MI 49770
OFF MARKET

505 Cherry St
Petoskey, MI 49770

  • 5 Beds
  • 2.5 Baths
  • 3,270 sqft

$899,100

Trulia Estimate
as of Aug 24, 2026
Est. Refi. Payment $5,346/mo*
Refinance Your Home

$899,100

Trulia Estimate
as of Aug 24, 2026
Est. Refi. Payment $5,346/mo*
Refinance Your Home
5 Beds
2.5 Baths
3,270 sqft

Home Value

Trulia Estimate
$899K
Since last month
Increased$1K (+0.1%)
Since last year
Increased$195K (+27.2%)
Since last sale
Increased$270K (+42.3%)
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 +252% in the last 10 years
MonthEstimated value
2026
August 2026$910K
July 2026$909K
June 2026$921K
May 2026$940K
April 2026$981K
March 2026$989K
February 2026$920K
January 2026$955K
2025
2024
2023
2022
2021
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
524 Cherry St, Petoskey, MI
0.04
Single-Family Home
$394,000
10/03/25
4
2
1,622
1012 Jefferson Ave, Petoskey, MI
0.09
Single-Family Home
$377,000
07/23/26
4
2
1,518
719 State St, Petoskey, MI
0.33
Single-Family Home
$785,000
01/14/26
3
2
2,900
701 Jennings Ave, Petoskey, MI
0.15
Single-Family Home
$519,900
06/15/26
3
2
1,540
1115 Waukazoo Ave, Petoskey, MI
0.15
Single-Family Home
$325,000
12/05/25
4
2.5
1,636
102 State St, Petoskey, MI
0.42
Single-Family Home
$542,000
10/21/25
4
2.5
1,904
712 Lookout St, Petoskey, MI
0.18
Single-Family Home
$892,625
09/29/25
2
2
1,966
617 Harvey St, Petoskey, MI
0.25
Single-Family Home
$512,000
05/27/26
3
1.5
1,446
213 Clinton St, Petoskey, MI
0.51
Single-Family Home
$999,000
01/05/26
4
2.5
3,861
808 Petoskey St, Petoskey, MI
0.26
Single-Family Home
$390,500
06/30/26
3
2
1,482

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
1115 Waukazoo Ave, Petoskey, MI 49770
0.15
$674,900
4
2.5
1,636
For Sale
1004 Howard St, Petoskey, MI 49770
0.16
$789,000
4
3.5
2,541
For Sale
420 Carleton St, Petoskey, MI 49770
0.21
$425,000
3
2
2,440
For Sale
308 Fulton St, Petoskey, MI 49770
0.21
$639,000
4
2.5
2,412
For Sale
1111 Petoskey St, Petoskey, MI 49770
0.25
$773,200
5
3.5
4,253
Off Market
1202 Howard St, Petoskey, MI 49770
0.26
$486,300
3
2
1,664
Off Market
436 Myrtle St, Petoskey, MI 49770
0.26
$363,000
3
1.5
1,400
Off Market
617 Grove St, Petoskey, MI 49770
0.21
$371,800
3
2.5
1,788
Off Market
312 Grove St, Petoskey, MI 49770
0.25
$319,900
2
1
1,320
For Sale
606 State St, Petoskey, MI 49770
0.24
$1,175,000
4
4.5
3,336
For Sale
617 Harvey St, Petoskey, MI 49770
0.25
$512,000
3
1.5
1,446
Recently Sold
528 College View Dr, Petoskey, MI 49770
0.29
$724,000
4
3.5
3,271
For Sale

Local Information

  • Map ViewExplore the area around 505 Cherry St.
  • Schools1 Preschool School4 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Living Area
3,270 sqft
Price/Sqft
$275

About this House

This single-family home is located at 505 Cherry St, Petoskey, MI. 505 Cherry St is in Petoskey, MI and in ZIP code 49770. This property has 5 bedrooms, 3 bathrooms and approximately 3,270 sqft of floor space.
505 Cherry St, Petoskey, MI 49770 is a 5 bedroom, 3 bathroom, 3,270 sqft single-family home. It last sold for $640,000 on May 20, 2024. It is currently off market. The Trulia Estimate is $899,100, with a rent estimate of $3,847/month.

Home Details for 505 Cherry St

Interior Features

Interior Details
Basement

Property Information

Property Type / Style
Property Type: Single Family Home
Year Built
Year Updated: 2025

Price and Tax history

DateEventPrice
May 20, 2024
Source: N/A
Sold
$640,000
Apr 8, 2024
Source: Northern Michigan MLS #473415
Listed For Sale
$649,000

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 505 Cherry St

  • What is 505 Cherry St estimated to be worth?
    Trulia's estimated value for 505 Cherry St in Petoskey, MI is $899,100.
  • What is the price history for 505 Cherry St?
    505 Cherry St in Petoskey, MI last sold for $640,000 in May 2024.
  • 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.

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Off Market Homes Near 505 Cherry St

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