NOT LISTED FOR SALE

1039 Maas St Negaunee, MI 49866

Estimated Value: $470,782

-- Bed
-- Bath
9,111 Sq Ft
$52/Sq Ft Est. Value

Last Sold May 18, 2018

Last sale price $294,500 $32 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,572/month

8 Days on Market

Highlights

  • Shed
  • Lakeview Elementary School Rated A-
  • Heating Available

About This Home

As of May 2018

Great investment opportunity! This is a 10 unit apartment complex with 100% occupancy and great tenant history. Main level has four 2 bedroom units, upper level has four 2 bedroom units and the lower level has two 2 bedroom units, coin-op laundry and each unit has a storage locker. Seller pays utilities for building common areas and tenants pay all their own utilities. All units are electric heat and appliances are included. Plenty of parking and a convenient location.

Last Agent to Sell the Property

Fran Sevegney

RE/MAX 1ST REALTY License #UPAR-6501343111 Listed on: 04/02/2018

RE/MAX 1ST REALTY

Last Buyer's Agent

Kristine Goupille

RE/MAX 1ST REALTY License #UPAR

RE/MAX 1ST REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $88

Year Built

  • Built in 1974

Lot Details

  • 0.89 Acre Lot
  • Lot Dimensions are 156x250

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Additional Features

  • Shed
  • Heating Available

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 52-53-432-015-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$88

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Sub Structure Types: Shed
  • Total Tax Year: 2017
  • Year Built: 1974
  • Mail City: Negaunee
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Estimated Sq Ft: 9111

Exterior Features

  • Roads: City/County

Utilities

  • Water: Public Water
  • Fuel Type: Electric
  • Heating System: Electric Heat
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 52-53-432-015-00
  • Lot Dimensions: 156x250
  • Acreage: 0.89
  • Geo Subdivision: MI

Tax Info

  • Total Tax: Year: 2017

Multi Family

  • Total Units: 10

MLS Schools

  • School District: Negaunee Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2022
Sold by
906 Real Estate Holdings Llc
Bought by
906 Real Estate Holdings Two Llc
Current Estimated Value
$470,782

Purchase Details

Closed on
Jun 15, 2021
Sold by
Hill Holdings Llc
Bought by
906 Real Estate Holdinigs Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 2, 2018
Closed on
May 18, 2018
Sold by
Marlys K Roberts Revocable Trust
Bought by
Hill Holdings Llc
Seller's Agent
Fran Sevegney
RE/MAX 1ST REALTY
Buyer's Agent
Kristine Goupille
RE/MAX 1ST REALTY
List Price
$299,000
Sold Price
$294,500
Premium/Discount to List
-$4,500
-1.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.55%
Original Mortgage
$915,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2009
Bought by
Roberts Kevin and Roberts Laura
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
906 Real Estate Holdings Two Llc -- None Listed On Document
906 Real Estate Holdinigs Llc $1,750,000 Odea Nordeen And Pickens Pc
Hill Holdings Llc $589,000 --
Roberts Kevin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 906 Real Estate Holdings Llc $750,000
Open 906 Real Estate Holdings Llc $1,264,000
Closed 906 Real Estate Holdings Llc $1,061,375
Closed 906 Real Estate Holdings Llc $400,000
Previous Owner 906 Real Estate Holdinigs Llc $1,400,000
Previous Owner Hill Holdings Llc $502,500
Previous Owner Hill Holdings Llc $915,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2018 05/18/18 Sold $294,500 -1.5% $32 / Sq Ft
04/10/2018 04/10/18 Pending -- -- --
04/02/2018 04/02/18 For Sale $299,000 -- $33 / Sq Ft
Source: Upper Peninsula Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $88 $251,250 $0 $0
2024 $88 $233,700 $0 $0
2023 $9,211 $288,400 $0 $0
2022 $13,973 $185,800 $0 $0
2021 $11,357 $197,750 $0 $0
2020 $11,097 $185,800 $0 $0
2019 $10,913 $182,650 $0 $0
2018 $6,645 $142,250 $0 $0
2017 $6,532 $143,200 $0 $0
2016 $6,440 $142,750 $0 $0
2015 -- $142,750 $0 $0
2014 -- $142,300 $0 $0
2012 -- $133,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10071887

Upper Peninsula Association of REALTORS®

APN: 52-53-432-015-00