Seller's Agent in 2023
Craig Heinonen
COLDWELL BANKER SCHMIDT REALTORS
(906) 231-3635
20 in this area
384 Total Sales
112 Arch St Ishpeming, MI 49849
Estimated Value: $142,000 - $191,000
4
Beds
2
Baths
1,708
Sq Ft
$98/Sq Ft
Est. Value
Highlights
- Fenced Yard
- Ceramic Tile Flooring
- Ceiling Fan
- Balcony
- Forced Air Heating System
About This Home
As of August 2023Presenting a fantastic two-unit duplex in Ishpeming, MI, perfect for an owner-occupant or investor! This spacious property offers an ideal lower unit that boasts a generous layout and ample living space, making it perfect for owner occupancy. The well-designed floor plan includes a large living room, a family room, and a well-equipped kitchen, creating a comfortable and welcoming environment. The upper unit is equally inviting and well-maintained, offering a fantastic opportunity for rental income or a multi-generational living arrangement. The L-shaped yard is currently shared but could easily be divided to create separate outdoor spaces for each unit, ensuring added privacy and enjoyment. With plenty of parking available for both units, convenience is never a concern for residents or guests. Located in the charming town of Ishpeming, this duplex is close to local amenities, shopping, dining, and recreational opportunities. Don't miss this incredible investment opportunity or the chance to live in one unit while earning rental income from the other. Explore the potential of this Ishpeming two-unit duplex today!
Last Agent to Sell the Property
COLDWELL BANKER SCHMIDT REALTORS License #UPAR Listed on: 05/22/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1885
Lot Details
- 2,178 Sq Ft Lot
- Lot Dimensions are 41x53
- Fenced Yard
Interior Spaces
- 2-Story Property
- Ceiling Fan
- Ceramic Tile Flooring
- Oven or Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Basement
- Michigan Basement
- Stone Basement
Outdoor Features
- Balcony
Utilities
- Forced Air Heating System
- Separate Meters
- Gas Water Heater
- Internet Available
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 52-51-250-156-00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 7, 2020
Closed on
Feb 19, 2021
Sold by
Jonas John F
Bought by
Arch Duplex Llc
Seller's Agent
Fran Sevegney
RE/MAX 1ST REALTY
Buyer's Agent
Fran Sevegney
RE/MAX 1ST REALTY
List Price
$72,900
Sold Price
$67,000
Premium/Discount to List
-$5,900
-8.09%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,784
Avg. Annual Appreciation
20.64%
Original Mortgage
$53,600
Outstanding Balance
$3,798
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$162,986
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Arch Duplex Llc | $67,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Arch Duplex Llc | $53,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/04/2023 08/04/23 | Sold | $149,000 | -3.9% | $87 / Sq Ft | |
| 05/22/2023 05/22/23 | For Sale | $155,000 | +131.3% | $91 / Sq Ft | |
| 02/19/2021 02/19/21 | Sold | $67,000 | -8.1% | $39 / Sq Ft | View Prior Sale |
| 12/14/2020 12/14/20 | Pending | -- | -- | -- | |
| 10/07/2020 10/07/20 | For Sale | $72,900 | -- | $43 / Sq Ft |
Source: Upper Peninsula Association of REALTORS®
Tax History Compared to Growth
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 | $1,272 | $63,750 | $0 | $0 |
| 2024 | $12 | $53,100 | $0 | $0 |
| 2023 | $393 | $47,300 | $0 | $0 |
| 2022 | $2,387 | $36,450 | $0 | $0 |
| 2021 | $1,512 | $36,050 | $0 | $0 |
| 2020 | $1,484 | $36,450 | $0 | $0 |
| 2019 | $1,458 | $35,700 | $0 | $0 |
| 2018 | $1,418 | $33,050 | $0 | $0 |
| 2017 | $1,382 | $34,700 | $0 | $0 |
| 2016 | $1,345 | $33,600 | $0 | $0 |
| 2015 | -- | $33,600 | $0 | $0 |
| 2014 | -- | $30,450 | $0 | $0 |
| 2012 | -- | $29,650 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Craig Heinonen
-
Dawn Florio
Buyer's Agent in 2023
Dawn Florio
RE/MAX 1ST REALTY
(906) 360-0796
11 in this area
81 Total Sales
-
Fran Sevegney
Seller's Agent in 2021
Fran Sevegney
RE/MAX 1ST REALTY
(906) 869-7465
47 in this area
459 Total Sales
Map
Source: Upper Peninsula Association of REALTORS®
MLS Number: 50109661
APN: 52-51-250-156-00
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