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1655 Penny, Petoskey, MI 49770

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For Sale

$459,000

3 beds • 2 baths • 1,540 sqft

Estimated Payment

$ 2,357 /mo. †

6.65% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $298.05
    Price per square foot

  • 1-5 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Welcome to this charming home nestled in a tranquil wooded setting just south of Petoskey. This property blends modern comfort with natural surroundings in a quiet neighborhood. The home showcases an inviting open floor plan enhanced by 9-foot ceilings throughout. The well-designed kitchen stands as a central gathering space, with stainless steel appliances, coffee bar, a generous pantry, and a welcoming island that provides additional seating for casual dining. The primary bedroom suite provides a private retreat with large walk-in closet, a bathroom featuring double sinks and a tile walk-in shower. Easy access to large, well-organized laundry room with convenient shelving. Great out door living spaces...a comfortable front porch perfect for morning coffee and an elevated rear deck ideal for evening relaxation. The home includes a two-car attached garage, plus a unique 8-foot walkout crawl space accessible from the exterior -- perfect for storage or setting up a dedicated space for hobbies like woodworking that are best kept separate from the main living area. This thoughtfully designed home offers the perfect balance of comfortable living and modern amenities in a desirable Northern Michigan location.
MLS# 475806

Courtesy Of Coldwell Banker Schmidt
420 Howard Street, Petoskey, MI 49770
(231) 347-7600

Property Features

  • Age
    1-5 Years Old
  • Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Heating System
    Forced Air
  • Lot Size
    0.67 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement, Dining Room, Family Room, Kitchen, Living Room

Map and Directions

Directions to 1655 Penny, Petoskey, MI 49770

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $2,357
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $2,357

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Central Elementary School

Grades KG-5 Public School

Petoskey, MI 49770 3.2 miles
410 state st

266 total students
18:1 Student teacher ratio

School Rating: B

School Details

Lincoln School

Grades KG-5 Public School

Petoskey, MI 49770 3 miles
616 connable ave

261 total students
18:1 Student teacher ratio

School Rating: A

School Details

Ottawa Elementary School

Grades KG-5 Public School

Petoskey, MI 49770 3.2 miles
871 kalamazoo ave

311 total students
17:1 Student teacher ratio

School Rating: B-

School Details

Sheridan School

Grades KG-5 Public School

Petoskey, MI 49770 2.7 miles
1415 howard st

237 total students
17:1 Student teacher ratio

School Rating: A-

School Details

Petoskey Middle School

Grades 6-8 Public School

Petoskey, MI 49770 3.6 miles
801 northmen dr

644 total students
16:1 Student teacher ratio

School Rating: B+

School Details

Petoskey High School

Grades 9-12 Public School

Petoskey, MI 49770 3.6 miles
1500 hill st

984 total students
20:1 Student teacher ratio

School Rating: A-

School Details
Other Nearby Schools Distance Type Grades School Rating
St Francis Xavier School 3.3 miles Private PK-8
Concord Academy Petoskey 3.6 miles Public KG-12 B-
Petoskey Montessori Elementary School 3.7 miles Public PK-5
St Michael Academy 4.2 miles Private 8-12

St Francis Xavier School

Distance: 3.3 miles

Type Private

Grades: PK-8

Concord Academy Petoskey

Distance: 3.6 miles

Type Public

Grades: KG-12

B-

Petoskey Montessori Elementary School

Distance: 3.7 miles

Type Public

Grades: PK-5

St Michael Academy

Distance: 4.2 miles

Type Private

Grades: 8-12

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Petoskey, MI 49770

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Petoskey, MI 49770

This community’s employment is highest in the healthcare practitioners and administrative support industries. The area’s overall household expenses are above the national average.

80° July
Hottest Average Month
11° February
Coldest Average Month
7,443 Total Households in Area
0.1% Increase in population since the year 2010
26.8%
of households
have children
17 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Petoskey, MI 49770

Petoskey, MI 49770 has a population of 17,432 people in 7,443 households with a median age of 44.5 years old.

0.1%
Increase in population
since the year 2010
Population is Trending up
7,548
Total households as of 2010
1.2%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 44.5 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 89%
Native American 3%
Hispanic 2%
Asian <1%
Other <1%
Black <1%
The most prevalent ethnicity is White at 89%, followed by Native American at 3%, Hispanic at 2%, and Asian at <1%.

Economics
for Petoskey, MI 49770

136 /sq mi
Population Density
$70,141 /yr
Median Household Income
$380,000
Median Sales Price
17 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 21.52% of the households.

Transportation to Work

  • Drive 83%
  • Work from Home 9%
  • Walk or Bike 8%
  • Public Transit 0%

Occupancy by Type

Owned 5,379 54%
Vacant 2,549 26%
Rented 2,064 21%

White vs Blue Collar Jobs







White Collar 78%
Blue Collar 22%

Family & Education Facts
for Petoskey, MI 49770

44.5 Median Age

Average Household Size

2.3
persons per
household

52.8%

Married Households

Community Population By Education

Bachelors Degree 25%
High School Graduate 21%
Graduate Degree 20%
Some College 20%
Associates Degree 10%
Some High School 4%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 25.13% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
26.8% of households have children

Weather
for Petoskey, MI 49770

The weather for this area ranges from a high of 80° F in July to a low of 11° F in February

80° July
Hottest Average Month
11° February
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
13°
27°
Feb
11°
29°
Mar
19°
39°
Apr
31°
53°
May
41°
66°
Jun
51°
75°
Jul
56°
80°
Aug
55°
78°
Sep
49°
69°
Oct
39°
58°
Nov
30°
43°
Dec
19°
32°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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