NOT LISTED FOR SALE

108 W Ridge St Ishpeming, MI 49849

Estimated Value: $162,927 - $216,000

5 Beds
2 Baths
2,384 Sq Ft
$79/Sq Ft Est. Value

Last Sold August 26, 2021

Last sale price $95,000 $40 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $1,176/month

8 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Attached Garage
  • Forced Air Heating System
  • Porch

About This Home

As of August 2021

Large duplex on it's own block close to Lake Bancroft, Carnegie Library, restaurants and downtown. Main floor unit is updated with large living and ding room, spacious eat-in kitchen, 2 bedrooms and 1 bath. Second floor unit has great views of the city from the large living room, 3 bedrooms and one bath with a long term tenant. The spacious walk out basement has potential for an onsite laundry area or third unit. Don't miss out on this unique income property. UPPCO house meter $60 average, Upper $105 average. SEMCO $111 average. City water sewer garbage $180 average.

Last Agent to Sell the Property

CRYSTAL BARR BERGLUND

KELLER WILLIAMS NORTHERN MICHIGAN License #UPAR-6502388666 Listed on: 07/12/2021

KELLER WILLIAMS NORTHERN MICHIGAN

Last Buyer's Agent

TIFFANY BOWMAN

LOOK REALTY License #UPAR-6501391824

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 64x60

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 2-Story Property
  • Wood Flooring

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Internet Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 52-51-109-001-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1880
  • Mail City: Ishpeming
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable/Internet Avail., Hardwood Floors
  • Basement: Yes
  • Basement Type: Full, Walk Out

Exterior Features

  • Construction: Aluminum
  • Exterior Features: Porch
  • Frontage: 116
  • Roads: City/County, Year Round

Garage/Parking

  • Garage Type: Attached Garage
  • Garage Spaces: 1
  • Parking: 3 Or More Spaces, Garage

Utilities

  • Water: Public Water
  • Fuel Type: Electric, Natural Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 52-51-109-001-00
  • Lot Dimensions: 64x60
  • Acreage: 0.08
  • Geo Subdivision: MI

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Ishpeming Public School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2021
Closed on
Aug 26, 2021
Sold by
Robar and Stephanie
Bought by
Troudt Investments Llc
Seller's Agent
CRYSTAL BARR BERGLUND
KELLER WILLIAMS NORTHERN MICHIGAN
Buyer's Agent
TIFFANY BOWMAN
LOOK REALTY
List Price
$97,500
Sold Price
$95,000
Premium/Discount to List
-$2,500
-2.56%
Current Estimated Value
$188,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,982
Avg. Annual Appreciation
17.13%
Original Mortgage
$76,000
Outstanding Balance
$69,154
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$119,828

Purchase Details

Listed on
Aug 21, 2013
Closed on
Nov 15, 2013
Bought by
Berglund Ii Lee and Berglund Crystal
Seller's Agent
Fran Sevegney
RE/MAX 1ST REALTY
Buyer's Agent
CRYSTAL BARR BERGLUND
KELLER WILLIAMS NORTHERN MICHIGAN
List Price
$44,900
Sold Price
$32,000
Premium/Discount to List
-$12,900
-28.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.01%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
Troudt Investments Llc $95,000 Bensinger Cotant & Menkes Pc
Berglund Ii Lee $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Troudt Investments Llc $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2021 08/26/21 Sold $95,000 -2.6% $40 / Sq Ft
07/20/2021 07/20/21 Pending -- -- --
07/12/2021 07/12/21 For Sale $97,500 +77.6% $41 / Sq Ft
03/22/2016 03/22/16 For Sale $54,900 +16.8% $24 / Sq Ft
03/15/2016 03/15/16 Sold $47,000 +46.9% $20 / Sq Ft View Prior Sale
01/26/2016 01/26/16 Pending -- -- --
11/15/2013 11/15/13 Sold $32,000 -28.7% $14 / Sq Ft View Prior Sale
11/04/2013 11/04/13 Pending -- -- --
08/21/2013 08/21/13 For Sale $44,900 -- $19 / 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 $2,234 $68,900 $0 $0
2024 $22 $67,100 $0 $0
2023 $498 $53,500 $0 $0
2022 $3,029 $43,550 $0 $0
2021 $2,639 $45,450 $0 $0
2020 $2,589 $43,550 $0 $0
2019 $2,545 $39,700 $0 $0
2018 $2,495 $39,100 $0 $0
2017 $2,476 $39,000 $0 $0
2016 $1,399 $38,000 $0 $0
2015 -- $38,000 $0 $0
2014 -- $22,000 $0 $0
2012 -- $38,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10072638

Upper Peninsula Association of REALTORS®

APN: 52-51-109-001-00