5542 & 5534 Cherry Lane $429,900


    5542 & 5534 Cherry Lane Petoskey, MI 49770

    • 3 Beds
    • 2 Baths
    • 1,280 sq.ft.
    • Residential
    MLS# 460061 | Active
    Days On Market: 101 138 Views
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    Property Details

    Beautiful home overlooking Walloon Lake! Located on the north arm, adjacent to a nature preserve where hiking and mountain bike trails abound. This completely renovated home has great privacy and a very peaceful setting. Wood floors, beadboard, slate, and wood stove create a comfy, cottage feel. Just steps away from Walloon Lake, there is a patio overlooking the lake and a deck out back for more privacy. Three bedrooms, 2 bathrooms with attached garage PLUS additional garage with finished interior with room for three cars on main level and two more below. This second garage also has on the main level a 24 x 27 room which could easily become a small apartment. Concrete drive, sprinkler system, gorgeous perennial gardens. 50' of Walloon access is within view. Within 15 minutes of McLaren Northern MI Hospital. Fully furnished, turnkey. Lovely year-round home with excellent vacation rental potential. Whether you take a stroll along the lake, hike or bike trails, tour the lake by boat or kayak, or simply want to relax, come enjoy the beauty and bounty of nature here on Walloon Lake. Welcome home!

    • General Features
      • Above Ground Sq Footage 1280
      • Approx Year Built 1960
      • Association No
      • County Emmet
      • Features Ceiling Fans, Deck, Dishwasher, Dryer, Mini Blinds, Patio, Paved Drive, Range, Refrigerator, Sprinkler System, Washer, Wood Floors, Wood Stove
      • Heat Natural Gas, Hot Water Baseboard
      • Lake Walloon
      • Total Finished Sq Ft 1280
      • Township Resort
      • Utility Dimensions Closet
      • Utility Level Main
      • Water Well
      • Water Front Water Access Neither
      • Water Heater Electric
      • Water View Y
    • Building Features
      • Basement Crawl
      • Construction Wood Frame/Site Built
      • Garagae Car Capacity Four
      • Garage Carport Garage-Attached, Garage-Detached
      • Roof Asphalt Shingle
      • Windows Vinyl
    • Room Features
      • Bath 1 Dimensions 7.10 x 7.5
      • Bath 1 Level Main
      • Bath 2 Dimensions 9.9 x 4.6
      • Bath 2 Level Main
      • Bdrm 2 Dimensions 11 x 9.2
      • Bdrm 3 Dimensions 11.2 x 10.10
      • Bedroom 2 Level Main
      • Bedroom 3 Level Main
      • Bedroom 4 Level N/A
      • Dining Rm Dimensions 15.10 x 11.18 Combo
      • Dining Rm Level Main
      • Family Rm Level N/A
      • Kitchen Dimensions 15.10 x 11.8 Combo
      • Kitchen Level Main
      • Living Rm Dimensions 16 x 16.6
      • Living Rm Level Main
      • Master Bdrm Dimensions 14 x 11
      • Master Bdrm Level Main
      • Bedrooms 3
      • Full Bathrooms 2
      • Half Bathrooms 0
      • Rooms 1 Level N/A
      • Rooms 2 Level N/A
      • Total Rooms 6
    • Schools
      • School District Petoskey
    • Additional Features
      • Other Buildings Additional Garage
      • Sewer Septic


    Joey Johnson

    Northern Michigan Real Estate Specialist


    Cell: 517-599-2803


    49770 (Petoskey) Demographics

    42Median Age
    156Population Density (per sq. mile)
    47%College Educated
    $51,687 Estimated Median Income
    5,003Estimated Total Home Owners
    2,319Estimated Total Renters
    68% / 32%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    17,148Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $250,000 Median Sales Price
    25 Homes Sold
    26 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $429,900
        8/31/2019 5:06:00 AM New in Database Source

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