512 E Lake St, Petoskey, MI 49770
Property image
Property image
OFF MARKET

$642,300

Trulia Estimate
  • 4 Beds
  • 2 Baths
  • 2,332 sqft

512 E Lake St, Petoskey, MI 49770

Est. Refi. Payment $3,981/mo*
Refinance Your Home
Currently Off Market - Sold Jan 12, 2022 for $485,000

Home Value

Trulia Estimate
$642K
Since last month
Decreased$59K (-8.9%)
Since last year
Decreased$62K (-9.4%)
Since last sale
Increased$118K (+24.4%)
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 +260% in the last 10 years
MonthEstimated value
2026
September 2026$603K
August 2026$641K
July 2026$662K
June 2026$666K
May 2026$662K
April 2026$680K
March 2026$695K
February 2026$660K
January 2026$680K
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
627 Michigan St, Petoskey, MI
0.13
Single-Family Home
$420,000
09/04/26
4
2
1,537
617 Harvey St, Petoskey, MI
0.27
Single-Family Home
$512,000
05/27/26
3
1.5
1,446
719 State St, Petoskey, MI
0.23
Single-Family Home
$785,000
01/14/26
3
2
2,900
420 Wachtel Ave, Petoskey, MI
0.55
Single-Family Home
$464,000
04/29/26
4
2
2,250
1124 E Mitchell St, Petoskey, MI
0.46
Single-Family Home
$480,000
06/25/26
4
2
1,500
213 Clinton St, Petoskey, MI
0.12
Single-Family Home
$999,000
01/05/26
4
2.5
3,861
524 Cherry St, Petoskey, MI
0.48
Single-Family Home
$394,000
10/03/25
4
2
1,622
1012 Jefferson Ave, Petoskey, MI
0.47
Single-Family Home
$377,000
07/23/26
4
2
1,518
102 State St, Petoskey, MI
0.46
Single-Family Home
$542,000
10/21/25
4
2.5
1,904
808 Petoskey St, Petoskey, MI
0.44
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
604 Bay St, Petoskey, MI 49770
0.08
$1,849,000
6
3.5
5,653
For Sale
422 E Mitchell St, Petoskey, MI 49770
0.15
$1,795,000
3
2.5
2,322
For Sale
606 State St, Petoskey, MI 49770
0.21
$1,175,000
4
4.5
3,336
For Sale
820 Michigan St, Petoskey, MI 49770
0.25
$509,700
3
2
2,232
Off Market
617 Harvey St, Petoskey, MI 49770
0.27
$512,000
3
1.5
1,446
Recently Sold
610 Grove St, Petoskey, MI 49770
0.29
$499,000
4
2
1,800
For Sale
120 E Lake St, Petoskey, MI 49770
0.37
$1,295,000
6
6
3,815
For Sale
312 Grove St, Petoskey, MI 49770
0.37
$305,000
2
1
1,320
Recently Sold
908 Grove St, Petoskey, MI 49770
0.37
$186,200
4
1
1,836
Off Market
1115 E Mitchell St, Petoskey, MI 49770
0.41
$431,500
3
1
1,120
Off Market
1124 E Mitchell St, Petoskey, MI 49770
0.46
$480,000
4
2
1,500
Recently Sold
1004 Howard St, Petoskey, MI 49770
0.49
$774,900
4
3.5
2,541
For Sale

Local Information

  • Map ViewExplore the area around 512 E Lake St.
  • Schools1 Preschool School4 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
2,332 sqft
$275/sqft

About this House

The beauty of an in-town location is one of the many opportunities this home has to offer. Beautifully renovated kitchen and main floor master suite are some of the most desired amenities, and this home has both. Lots of space for both family and guests, with the ease of walking to school, shops and mostly the trifecta of restaurants: The Backlot, Pour and Tap 30. Schedule a tour and take a look at what could be a fresh start and new beginning to the lovely living that downtown Petoskey has to offer.
512 E Lake St, Petoskey, MI 49770 is a 4 bedroom, 2 bathroom, 2,332 sqft single-family home. It last sold for $485,000 on Jan 12, 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $642,300, with a rent estimate of $2,837/month.

Home Details for 512 E Lake St

Interior Features

Heating & Cooling
Heating: Forced Air, GasHeating Fuel: Forced Air
Interior Details
Number of Rooms: 9
Appliances & Utilities
Cable ReadyDishwasherDisposalDryerRefrigeratorWasher

Property Information

Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Exterior Features

Exterior Home Features
Patio

Price and Tax history

DateEventPrice
Aug 1, 2022
Source: Northern Michigan MLS
ListingRemoved
Jun 6, 2022
Source: Northern Michigan MLS #467957
PriceChange
$539,000
Price decreased by 4%
Apr 22, 2022
Source: Northern Michigan MLS #467957
Listed For Sale
$559,000
Jan 12, 2022
Source: N/A
Sold
$485,000
Sep 7, 2021
Source: Northern Michigan MLS #466414
Listed For Sale
$549,000

Market trends in Petoskey

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$455K
$1.17KMoM
Sale-to-List Price
—
Price per sq ft
$270
$24MoM
Available listings
182
8MoM

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 512 E Lake St

  • What is 512 E Lake St estimated to be worth?
    Trulia's estimated value for 512 E Lake St in Petoskey, MI is $642,300.
  • What is the price history for 512 E Lake St?
    512 E Lake St in Petoskey, MI last sold for $485,000 in January 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 $455K. That is up $1.17K from the prior month.
  • Does 512 E Lake St have laundry facilities?
    Yes, 512 E Lake St in Petoskey, MI has in-unit laundry.

Explore by feature - Pet Friendly

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Explore by feature - Washer/dryer

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Off Market Homes Near 512 E Lake St

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