7198 E Mitchell Rd
Petoskey, MI 49770
3 Beds
1 Bath
1,291 sqft (on 1 acre)
3 Beds
1 Bath
1,291 sqft
(on 1 acre)
We estimate this home will sell faster than 93% nearby.
Home Highlights
Parking
Carport
Climate Control
Heating only
Price/Sqft
$214
Listed
35 days ago
Local Information
- Map ViewExplore the area around 7198 E Mitchell Rd.
- Schools1 Preschool School4 Elementary Schools1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
*Schoolhouse for Sale!* Step into a remarkable piece of Northern Michigan history with the beautifully restored Epsilon Schoolhouse, where timeless character meets modern comfort. Rich in charm & architectural detail, this one-of-a-kind home offers an opportunity to own not just a residence, but a story that has stood the test of time. Soaring ceilings, abundant natural light, & original character create an inviting atmosphere that simply cannot be duplicated in today's construction. The thoughtfully designed floor plan features a spacious main-level primary bedroom, full bath, convenient laundry, & welcoming living spaces ideal for everyday living or entertaining. Upstairs, two charming loft-style bedrooms provide comfortable accommodations for family, guests, or flexible office space. Situated on nearly an acre just minutes from Petoskey, Walloon Lake, Boyne Mountain, world-class golf, skiing, dining, shopping, & endless year-round recreation, the property offers the perfect balance of peaceful country living & convenient access to Northern Michigan's most sought-after destinations. Outside, the versatility continues with an impressive detached pole barn/garage offering abundant room for vehicles, boats, snowmobiles, recreational equipment, hobbies, or workshop space. Additional storage in back of barn provides even more room for seasonal items, outdoor gear, or future possibilities. For a distinctive year-round residence, a memorable Northern Michigan retreat, or a property with outstanding investment potential, the Epsilon Schoolhouse stands apart. In today's experience-driven vacation rental market, travelers seek destinations as much as accommodations, & few homes offer the unforgettable character, history, and conversation-starting appeal of spending the night in an authentic historic schoolhouse. Opportunities to own a property this unique are exceptionally rare don't miss your chance to make a piece of Northern Michigan your own! Natural Gas is available!
We estimate this home will sell faster than 93% nearby.
Home Details for 7198 E Mitchell Rd
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Interior Details Basement: Crawl SpaceNumber of Rooms: 9Types of Rooms: Master Bedroom, Bedroom, Bedroom 1, Dining Room, Kitchen, Living Room |
Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 1Number of Bathrooms (full): 1 |
Dimensions and Layout Living Area: 1291 Square Feet |
Heating & Cooling Heating: Electric Baseboard,OtherHas HeatingHeating Fuel: Electric Baseboard |
Levels, Entrance, & Accessibility Levels: Two Or More |
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Parking & Garage Number of Covered Spaces: 3Has a CarportNo GarageNo Attached GarageParking: Detached Carport |
Frontage Not on Waterfront |
Water & Sewer Sewer: Septic Tank |
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Days on Market: 35 |
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Year Built Year Built: 1896 |
Property Type / Style Property Type: ResidentialStructure Type: CondominiumArchitecture: Condominium |
Building Construction Materials: Wood Frame/Site Built |
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Price List Price: $275,900Price Per Sqft: $214 |
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MLS Status: Active |
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Direction & Address City: Petoskey |
School Information Elementary School District: PetoskeyJr High / Middle School District: PetoskeyHigh School District: Petoskey |
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Listing Agent Listing ID: 480033 |
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No HOA |
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Lot Area: 1 Acres |
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Mls Number: 480033 |
Last check for updates: about 15 hours ago
Listing courtesy of Genna Hill
@properties Christie’s International Real Estate - Harbor Springs
Source: Northern Michigan MLS, MLS#480033
Market trends in Petoskey
Last updated June 2026
Avg. sale price
$460K
Sale-to-List Price
—
Price per sq ft
—
Available listings
171
22MoM
Price History for 7198 E Mitchell Rd
| Date | Price | Event | Source |
|---|---|---|---|
| 07/04/2026 | $275,900 | Listed For Sale | Northern Michigan MLS #480033 |
| 06/15/2023 | $211,000 | Sold | WWMLS #201823250 |
| 06/06/2023 | $199,900 | Pending | WWMLS #201823250 |
| 04/07/2023 | $199,900 | Listed For Sale | WWMLS #201823250 |
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Property Tax and Assessment
| Year | 2021 |
|---|---|
| Tax | |
| Assessment | $82,200 |
Home facts updated by county records
Comparable Sales for 7198 E Mitchell Rd
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.45 | Single-Family Home | $375,000 | 09/11/25 | 3 | 1 | 1,636 | |
0.61 | Single-Family Home | $775,000 | 11/07/25 | 4 | 3 | 4,419 | |
1.66 | Single-Family Home | $475,000 | 11/07/25 | 3 | 2 | 1,350 | |
1.60 | Single-Family Home | $289,000 | 12/09/25 | 3 | 2 | 960 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
FOR SALE2.75 ACRES
OFF MARKET@ Properties Christie's Int'l Petoskey- FOR SALE0.9 ACRES
OFF MARKETCOLDWELL BANKER SCHMIDT INDIAN RIVER
SOLDNOV 7, 2025Real Broker LLC - Petoskey
OFF MARKET
FOR SALE5 ACRES
FOR SALE0.94 ACRES
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Assigned Schools
These are the assigned schools for 7198 E Mitchell Rd.
- Lincoln School
- K-5
- Public
- 224 Students
10/10GreatSchools RatingParent Rating AverageLincoln is like family. The Teachers and Support staff are amazing!! The education and learning opportunities are top notch!!Parent Review14y ago - Ottawa Elementary School
- PK-5
- Public
- 240 Students
6/10GreatSchools RatingParent Rating AverageGood leadership, teachers and staff really seem to care about our children. Friendly environment, looking forward to the color fun run, book fair and cereal box challenge.Parent Review1y ago - Petoskey High School
- 9-12
- Public
- 839 Students
7/10GreatSchools RatingParent Rating AverageI only gave this school one star because zero was not an option.Student Review1y ago - Petoskey Middle School
- 6-8
- Public
- 585 Students
9/10GreatSchools RatingParent Rating AverageGood leadership makes for great schools I would like to see the inside of the school Cleaner. I know it’s a lot of kids to leave their jackets and binders throughout the hallway and for such a well-known school with really good systems in place- it could be less messy.Teacher Review4mo ago - Sheridan School
- K-5
- Public
- 227 Students
7/10GreatSchools RatingParent Rating AverageGreat. Principal is outstanding. Teachers wonderful. Alot of students in a classroom but children are thriving academically and socially. The writing skills they are teaching are top notch. Clean facility's.Parent Review8y ago - Central Elementary School
- K-5
- Public
- 219 Students
8/10GreatSchools RatingParent Rating AverageN/AParent Review18y ago 
Check out schools near 7198 E Mitchell Rd.
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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Frequently asked questions about 7198 E Mitchell Rd
- What is the estimated monthly payment for 7198 E Mitchell Rd?Based on a $275,900 list price with 20% down at today's rates, the estimated monthly payment for 7198 E Mitchell Rd in Petoskey, MI is approximately $1,729 (about $1,445 principal & interest, $209 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 7198 E Mitchell Rd compare to homes in Petoskey?7198 E Mitchell Rd in Petoskey, MI is listed at $275,900, about 40% below the $460K median sale price in Petoskey.
- What do residents say about Petoskey?Residents describe Petoskey, MI as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See homes for sale in Petoskey, MI.
- What are the closest schools to 7198 E Mitchell Rd?The closest schools to 7198 E Mitchell Rd in Petoskey, MI are Central Elementary School (rated 8/10), Lincoln School (Elementary, rated 10/10), Ottawa Elementary School (Pre-K, rated 6/10).
- How big is the lot at 7198 E Mitchell Rd?The lot at 7198 E Mitchell Rd in Petoskey, MI is about 1 acre.
- Does 7198 E Mitchell Rd have parking?Yes, 7198 E Mitchell Rd in Petoskey, MI has on-site parking.
Genna Hill, @properties Christie’s International Real Estate - Harbor Springs
Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.
7198 E Mitchell Rd, Petoskey, MI 49770 is a 3 bedroom, 1 bathroom, 1,291 sqft single-family home built in 1896. This property is currently available for sale and was listed by Northern Michigan MLS on Jul 4, 2026. The MLS # for this home is MLS# 480033.