8530 Penny Ln, Petoskey, MI 49770
Property image
Property image
OFF MARKET

$126,700

Trulia Estimate

    8530 Penny Ln, Petoskey, MI 49770

    Est. Refi. Payment $829/mo*
    Refinance Your Home

    Home Value

    Trulia Estimate
    $127K
    Since last month
    Increased$6K (+5.3%)
    Since last year
    Decreased$35K (-21.5%)
    Since last sale
    Increased$87K (+217.5%)
    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 +399% in the last 10 years
    MonthEstimated value
    2026
    August 2026$127K
    August 2026$126K
    July 2026$120K
    June 2026$142K
    April 2026$173K
    March 2026$151K
    February 2026$156K
    January 2026$150K
    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
    6397 Pickerel Dr, Alanson, MI
    3.47
    Lot/Land
    $175,000
    11/18/25
    -
    -
    11300 Berry Creek Valley Rd, Petoskey, MI
    3.81
    Lot/Land
    $35,000
    12/02/25
    -
    -
    Sunset Blvd #51, Alanson, MI
    3.82
    Lot/Land
    $20,000
    05/22/26
    -
    -
    Reams Rd, Indian River, MI
    4.29
    Lot/Land
    $124,500
    10/29/25
    -
    -
    Tbd Banwell Rd, Alanson, MI
    4.94
    Lot/Land
    $155,000
    02/04/26
    -
    -

    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
    1071 Roy Rd, Petoskey, MI 49770
    0.25
    $935,000
    6
    5
    5,394
    Recently Sold
    862 S Ellsworth Rd, Petoskey, MI 49770
    0.29
    $433,900
    3
    2
    3,500
    Off Market
    8838 Spring Ridge Dr, Petoskey, MI 49770
    0.48
    $34,500
    -
    -
    -
    For Sale
    8878 Spring Ridge Dr, Petoskey, MI 49770
    0.50
    $34,500
    -
    -
    -
    For Sale
    8832 Cedar Creek Dr, Petoskey, MI 49770
    0.57
    $49,900
    -
    -
    -
    For Sale
    8796 Cedar Creek Dr, Petoskey, MI 49770
    0.57
    $49,900
    -
    -
    -
    For Sale
    8886 Cedar Creek Dr #85, Petoskey, MI 49770
    0.59
    $49,900
    -
    -
    -
    For Sale
    8904 Cedar Creek Dr, Petoskey, MI 49770
    0.60
    $49,900
    -
    -
    -
    For Sale
    8922 Cedar Creek Dr, Petoskey, MI 49770
    0.60
    $49,900
    -
    -
    -
    For Sale
    8805 Cedar Creek Dr, Petoskey, MI 49770
    0.61
    $529,000
    4
    3
    2,020
    For Sale
    8877 Cedar Creek Dr, Petoskey, MI 49770
    0.64
    $39,900
    -
    -
    -
    For Sale

    Local Information

    • Map ViewExplore the area around 8530 Penny Ln.
    • Schools1 Preschool School4 Elementary Schools1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    Home Highlights

    Lot/Land
    8.75 acre lot

    About this House

    If your searching for a peaceful, private building site, close enough to enjoy all of the conveniences and amenities that Petoskey has to offer...this may be it! This property consists of 8.75 wooded acres. There is a 30'x30' cabin shell, just waiting to be finished to your specifications. Circle drive is in place with additional building site(s) already cleared. Many mature trees on the property as well as a small creek that runs through the back, providing privacy and a tranquil setting.
    8530 Penny Ln, Petoskey, MI 49770 is a lot/land. It last sold for the $95,000 asking price on Sep 12, 2023. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $126,700.
    Last check for updates: about 5 hours ago
    Listed by Sarah E Barr, (906) 630-6347
    Real Estate One Northern Properties
    Bought with: AGENT OUTSIDE, (906) 632-7336, OUTSIDE OFFICE
    Source: EUPBR, MLS#23-719

    Home Details for 8530 Penny Ln

    Interior Features

    View
    No View

    Exterior Features

    Surface & Elevation
    Topography: Flat

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Property Information
    Parcel Number: 142004400026

    Price & Status

    Price
    List Price: $95,000
    Status Change & Dates
    Off Market Date: Tue Sep 12 2023Possession Timing: At Closing

    Active Status

    MLS Status: Sold

    Location

    Direction & Address
    City: Petoskey

    Lot Information

    Lot Area: 8.75 Acres

    Offer

    Contingencies: Active w/Contingencies

    Miscellaneous

    Mls Number: 23-719

    Price and Tax history

    DateEventPrice
    Sep 12, 2023
    Source: EUPBR #23-719
    		Sold
    $0
    Aug 7, 2023
    Source: EUPBR #23-719
    		Contingent
    $95,000
    Jul 31, 2023
    Source: EUPBR #23-719
    		Listed For Sale
    $95,000
    Jan 27, 2009
    Source: N/A
    		Sold
    $39,900

    Market trends in Petoskey

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

    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

    Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.

    Frequently asked questions about 8530 Penny Ln

    • What is 8530 Penny Ln estimated to be worth?
      Trulia's estimated value for 8530 Penny Ln in Petoskey, MI is $126,700.
    • What is the price history for 8530 Penny Ln?
      8530 Penny Ln in Petoskey, MI last sold in September 2023.
    • 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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