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1119 E Mitchell St, Petoskey, MI, 49770

4beds
3baths
1,725sqft
$889,000
$515price/sqft
$5,781/moest. monthly cost
$231,240/yrincome needed

About This Home

Offering an in-town estate-like property on coveted Mitchell Street. Abutting the beloved Petoskey Winter Sports Park and just a short, walkable stroll to the famed Gaslight shopping district, this nearly 3-acre setting delivers a level of privacy, scale, and natural beauty that is rare downtown. With 3 bedrooms and 2 bathrooms, this residence is quietly nestled among mature mixed forest, creating a peaceful retreat while remaining moments from shops, dining, and the high school campus. The home’s semi-open main level features newly refinished wood floors, abundant natural light, and a comfortable, inviting layout. The land itself is the true distinction—meandering stream, established walking paths, and a park-like landscape that blends seamlessly into the adjacent Winter Sports Park. A flourishing vegetable garden further highlights the lifestyle potential of this property. Offering an exceptional combination of acreage, walkability, and natural surroundings, this has the potential to be a private in-town sanctuary, legacy family property, or a truly unique Petoskey estate.

Getting Around

55
WalkingSomewhat Walkable
0
TransitVery Limited Transit
29
BikeSomewhat Bikeable

Schools

6/10
Ottawa Elementary SchoolGrades PK-50.4 mi
9/10
Petoskey Middle SchoolGrades 6-80.6 mi
7/10
Petoskey High SchoolGrades 9-120.4 mi

Construction

Materials

  • Construction materials: Wood Frame/Site Built

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Refrigerator,Washer,Dryer,Range

Basement

  • Has basement: Yes
  • Basement: Michigan

Bedroom

  • Area: 119.16666666666666

Bedroom1

  • Area: 98.3888888888889

Bedroom2

  • Area: 111.22222222222221

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 1
  • 1/2 bathrooms: 2

Dining Room

  • Area: 126.66666666666667

Features

  • Flooring: Wood

Interior Area

  • Total interior livable area: 1,725 sqft

Kitchen

  • Area: 157.16666666666666

Living Room

  • Area: 272.88888888888886

Master Bedroom

  • Area: 158.66666666666669

Property

Details

  • Parcel number: 521905200004

Features

  • Levels: Two Or More
  • Waterfront features: Stream/Creek

Lot

  • Lot size: 2.92 Acres
  • Features: Paved

Parking

  • Parking features: Detached Garage
  • Has garage: Yes
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Lightning
Tsunami

FEMA Declared Disasters in Emmet County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,495$53,940
Home Insurance *$491$5,892
Property Taxes $607$7,284
Electricity $188$2,259
Total$5,781$69,372
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$198,205/yr
40% on housing$173,430/yr
45% on housing$154,160/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.2%
4.2%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 2.5%
2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$515This listing

vs Other Active Listings

Avg $/sqft

ZIP 49770$447
Emmet County$416

vs Homes Sold Last Month

Median $/sqft

ZIP 49770
Emmet County$223

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-22Listed for sale$889,000
2026-05-09Listing removed$889,000
2026-04-10Price change$889,000
2026-01-13Price change$899,000
2025-12-16Listed for sale$924,000
2023-10-02Listing removed--
2023-06-23Listed for sale$799,000

For Sale by Agent

AgentPete Platte
BrokerageGaslight Group Properties

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