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For sale
  • $275,900

    7198 E Mitchell Rd, Petoskey, MI 49770

    3beds
    1,291sqft
    : 
    $1,835/mo
    Get pre-qualified
    SingleFamily
    Built in 1896
    1 Acres Lot
    $273,400 Zestimate®
    $214/sqft
    $-- HOA

    What's special

    Original characterTimeless characterSoaring ceilingsNearly an acreAbundant natural lightCharming loft-style bedroomsWelcoming living spaces
    *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!
    27 days
    |
    3,624
    |
    236
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Genna Hill,

    @properties Christie’s International Real Estate - Harbor Springs

    Source: Northern Michigan MLS,MLS#: 480033MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 1
      • Full bathrooms: 1
      Primary bedroom
      • Area: 132
      • Dimensions: 11 x 12
      Bedroom
      • Area: 224
      • Dimensions: 14 x 16
      Bedroom 1
      • Area: 144
      • Dimensions: 9 x 16
      Dining room
      • Area: 135
      • Dimensions: 9 x 15
      Kitchen
      • Area: 90
      • Dimensions: 9 x 10
      Living room
      • Area: 240
      • Dimensions: 15 x 16
      Heating
      • Electric Baseboard, Other
      Features
      • Cathedral Ceiling(s)
      • Basement: Crawl Space
      Interior area
      • Total interior livable area: 1,291 sqft

      Property

      Parking
      • Parking features: Detached Carport
      • Has carport: Yes
      • Covered spaces: 3
      Features
      • Levels: Two Or More
      Lot
      • Size: 1 Acres
      • Dimensions: 166 x 233 x 160 x 241
      Details
      • Parcel number: 142008200001

      Construction

      Type & style
      • Home type: SingleFamily
      Materials
      • Wood Frame/Site Built
      Condition
      • Year built: 1896

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Petoskey

      Financial & listing details

      • Price per square foot: $214/sqft
      • Tax assessed value: $82,200
      • Date on market: 7/4/2026

        Estimated market value

        $273,400

        $260,000 - $287,000

        $2,278/mo

        Price history

        DateEventPrice
        7/4/2026Listed for sale$275,900+30.8%$214/sqft
        Source: Northern Michigan MLS #480033 Report a problem
        6/15/2023Sold$211,000+5.6%$163/sqft
        Source: WWMLS #201823250 Report a problem
        6/6/2023Pending sale$199,900$155/sqft
        Source: WWMLS #201823250 Report a problem
        4/7/2023Listed for sale$199,900$155/sqft
        Source: WWMLS #201823250 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2021-- $41,100 -3.5%
        2020-- $42,600 +4.4%
        2019-- $40,800 +1%
        2018-- $40,400 +1.5%
        2017-- $39,800 +3.1%
        2016-- $38,600 +10.6%
        2015-- $34,900 +8.7%
        2014-- $32,100 +4.6%
        2013-- $30,700 -2.2%
        2012-- $31,400 -2.5%
        2011-- $32,200 -7.2%
        2010-- $34,700
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 49770

        Getting around

        3 / 100
        Car-Dependent
        33 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Petoskey

        Source: Northern Michigan MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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