505 State St, Petoskey, MI 49770
Property image
Property image
OFF MARKET

505 State St
Petoskey, MI 49770

  • 5 Beds
  • 2 Baths
  • 2,898 sqft

$506,100

Trulia Estimate
as of Aug 24, 2026
Est. Refi. Payment $3,042/mo*
Refinance Your Home

$506,100

Trulia Estimate
as of Aug 24, 2026
Est. Refi. Payment $3,042/mo*
Refinance Your Home
5 Beds
2 Baths
2,898 sqft

Home Value

Trulia Estimate
$506K
Since last month
Increased$9K (+1.8%)
Since last year
Decreased$36K (-6.6%)
Since last sale
Increased$248K (+93.7%)
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 +94% in the last 10 years
MonthEstimated value
2026
August 2026$513K
July 2026$504K
June 2026$532K
May 2026$522K
April 2026$531K
March 2026$542K
February 2026$541K
January 2026$521K
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
719 State St, Petoskey, MI
0.18
Single-Family Home
$785,000
01/14/26
3
2
2,900
524 Cherry St, Petoskey, MI
0.30
Single-Family Home
$394,000
10/03/25
4
2
1,622
420 Wachtel Ave, Petoskey, MI
0.51
Single-Family Home
$464,000
04/29/26
4
2
2,250
102 State St, Petoskey, MI
0.37
Single-Family Home
$542,000
10/21/25
4
2.5
1,904
1124 E Mitchell St, Petoskey, MI
0.50
Single-Family Home
$480,000
06/25/26
4
2
1,500
712 Lookout St, Petoskey, MI
0.29
Single-Family Home
$892,625
09/29/25
2
2
1,966
1012 Jefferson Ave, Petoskey, MI
0.29
Single-Family Home
$377,000
07/23/26
4
2
1,518
1023 Emmet St, Petoskey, MI
0.43
Single-Family Home
$225,000
03/27/26
2
2.5
600
202 Wesley St, Petoskey, MI
0.64
Single-Family Home
$310,000
01/06/26
3
1
1,130
617 Harvey St, Petoskey, MI
0.16
Single-Family Home
$512,000
05/27/26
3
1.5
1,446

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
606 State St, Petoskey, MI 49770
0.08
$1,175,000
4
4.5
3,336
For Sale
422 E Mitchell St, Petoskey, MI 49770
0.14
$1,795,000
3
2.5
2,322
For Sale
617 Grove St, Petoskey, MI 49770
0.12
$371,800
3
2.5
1,788
Off Market
617 Harvey St, Petoskey, MI 49770
0.16
$512,000
3
1.5
1,446
Recently Sold
312 Grove St, Petoskey, MI 49770
0.22
$319,900
2
1
1,320
For Sale
308 Fulton St, Petoskey, MI 49770
0.29
$639,000
4
2.5
2,412
For Sale
820 Michigan St, Petoskey, MI 49770
0.25
$504,300
3
2
2,232
Off Market
604 Bay St, Petoskey, MI 49770
0.26
$1,875,000
6
3.5
5,653
For Sale
1004 Howard St, Petoskey, MI 49770
0.32
$789,000
4
3.5
2,541
For Sale
908 Grove St, Petoskey, MI 49770
0.30
$187,800
4
1
1,836
Off Market
929 State St, Petoskey, MI 49770
0.34
$535,000
3
1.5
1,346
For Sale
120 E Lake St, Petoskey, MI 49770
0.37
$1,295,000
6
6
3,815
For Sale

Local Information

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

Home Highlights

Property Type
Single-Family Home
Year Built
1900
Living Area
2,898 sqft
Price/Sqft
$175

About this House

Price includes $10,000 allowance for renovations. Move in ready. Electrical service has been completely updated as well as the plumbing and hot water heating system. In town home ready for the next loving family. Walk anywhere to all Petoskey has to offer. Lots of potential in the backyard with Koi pond, garden area and solitude. The fenced dog run area is perfect for the furry family members. Solid home with good newer appliances. Large kitchen with 2 full size sinks and lots of counter space and storage. There is a very large third floor area accessed by stairway from the second floor hallway. This airy space has many use options such as fitness area, craft/art studio, bedroom, theater room or just use your imagination. Exterior utility shed equipped with lawn/garden tools included in sale price. Personal furnishings are not included in the listing price however they are negotiable.
505 State St, Petoskey, MI 49770 is a 5 bedroom, 2 bathroom, 2,898 sqft single-family home built in 1900. It last sold for $265,000 on Sep 27, 2019. It is currently off market. The Trulia Estimate is $506,100, with a rent estimate of $3,042/month.

Home Details for 505 State St

Interior Features

Heating & Cooling
Heating: Baseboard, GasHeating Fuel: Baseboard
Interior Details
Types of Rooms: Dining Room, Family Room
Appliances & Utilities
DisposalDryerRefrigeratorWasher
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltPatio
Parking & Garage
Parking Space: 1

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Price and Tax history

DateEventPrice
Sep 27, 2019
Source: N/A
Sold
$265,000
Sep 7, 2019
Source: Agent Provided
Listed For Sale
$275,000
Dec 2, 2016
Source: Agent Provided
ListingRemoved
$269,000
Oct 25, 2016
Source: Agent Provided
PriceChange
$269,000
Price decreased by 4%
Jun 17, 2016
Source: Agent Provided
PriceChange
$279,900
Price decreased by 6%

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 State St

  • What is 505 State St estimated to be worth?
    Trulia's estimated value for 505 State St in Petoskey, MI is $506,100.
  • What is the price history for 505 State St?
    505 State St in Petoskey, MI last sold for $265,000 in September 2019.
  • 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.
  • Does 505 State St have laundry facilities?
    Yes, 505 State St in Petoskey, MI has in-unit laundry.
  • Does 505 State St have parking?
    Yes, 505 State St in Petoskey, MI has on-site parking.

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