NOT LISTED FOR SALE

114 Ridge St Negaunee, MI 49866

Estimated Value: $222,000 - $270,000

6 Beds
2 Baths
2,748 Sq Ft
$89/Sq Ft Est. Value

Last Sold October 06, 2023

Last sale price $159,500 $58 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,300/month

41 Days on Market

About This Home

As of October 2023

Negaunee duplex not with 3 bedroom 1 bath apartments. current rents are $1050 and $1075 on annual leases. Tenants pay all utilities. 8% cap rate based on 2022 expenses and rental income at 95% occupancy.

Last Agent to Sell the Property

John Demay

EXP REALTY OF MARQUETTE License #UPAR Listed on: 05/29/2023

EXP REALTY OF MARQUETTE

Last Buyer's Agent

Don Schinella

SELECT REALTY License #UPAR-6502349729

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1912

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x130

Interior Spaces

  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Boiler Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 52-53-030-079-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 3912
  • Total Tax Year: 2022
  • Year Built: 1912
  • Mail City: Negaunee
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 2748

Exterior Features

  • Foundation Type: Basement
  • Roads: Paved Street

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Boiler
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 52-53-030-079-00
  • Lot Dimensions: 50x130
  • Acreage: 0.15
  • Zoning: Residential
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2022, Amount: $2,366.00
  • Winter Tax: Year: 2022, Amount: $1,546.00
  • Total Tax: Year: 2022, Amount: $3,912.00
  • SEV Year: 2022

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Negaunee Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2023
Closed on
Oct 6, 2023
Sold by
Blk 3 Llc
Bought by
Worth Stephanie
Seller's Agent
John Demay
EXP REALTY OF MARQUETTE
Buyer's Agent
Don Schinella
SELECT REALTY
List Price
$169,000
Sold Price
$159,500
Premium/Discount to List
-$9,500
-5.62%
Views
7
Current Estimated Value
$244,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,355
Avg. Annual Appreciation
24.03%
Original Mortgage
$127,600
Outstanding Balance
$123,907
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$120,948

Purchase Details

Listed on
Mar 4, 2020
Closed on
Mar 31, 2020
Sold by
Christopher Koory
Bought by
Blk 3 Llc
Seller's Agent
Nick Racine
RE/MAX 1ST REALTY
Buyer's Agent
John Demay
EXP REALTY OF MARQUETTE
List Price
$149,900
Sold Price
$137,950
Premium/Discount to List
-$11,950
-7.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.22%
Original Mortgage
$107,950
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 20, 2017
Closed on
May 8, 2018
Sold by
Deforge Tina
Bought by
Koory Christopher
Seller's Agent
Non Member
UPPER PENINSULA AOR
Buyer's Agent
Nick Racine
RE/MAX 1ST REALTY
List Price
$110,000
Sold Price
$90,000
Premium/Discount to List
-$20,000
-18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.06%
Original Mortgage
$107,910
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 30, 2001
Bought by
Deforge Jeremy
Source: Public Records

Range of Values:

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Average Value
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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
Worth Stephanie $159,500 None Listed On Document
Blk 3 Llc $137,950 Odea Nordeen Burink And Picken
Koory Christopher -- Marquette County Title
Deforge Jeremy $36,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Worth Stephanie $127,600
Previous Owner Blk 3 Llc $107,950
Previous Owner Koory Christopher $107,910
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2023 10/06/23 Sold $159,500 -5.6% $58 / Sq Ft
07/09/2023 07/09/23 Pending -- -- --
05/29/2023 05/29/23 For Sale $169,000 +22.5% $61 / Sq Ft
04/03/2020 04/03/20 Sold $137,950 -8.0% $54 / Sq Ft
03/04/2020 03/04/20 Pending -- -- --
03/04/2020 03/04/20 For Sale $149,900 +66.6% $59 / Sq Ft
05/08/2018 05/08/18 Sold $90,000 -18.2% $36 / Sq Ft
02/27/2018 02/27/18 Pending -- -- --
09/20/2017 09/20/17 For Sale $110,000 -- $44 / 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 $28 $89,550 $0 $0
2024 $28 $75,350 $0 $0
2023 $2,579 $72,300 $0 $0
2022 $3,912 $53,600 $0 $0
2021 $3,795 $62,950 $0 $0
2020 $3,113 $53,600 $0 $0
2019 $2,591 $51,150 $0 $0
2018 $1,999 $41,200 $0 $0
2017 $2,314 $42,250 $0 $0
2016 $2,282 $40,950 $0 $0
2015 -- $40,950 $0 $0
2014 -- $37,700 $0 $0
2012 -- $36,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Demay

    Seller's Agent in 2023

    John Demay

    EXP REALTY OF MARQUETTE

    (906) 362-1000

    4 in this area

    52 Total Sales

    John Demay
    Section Image
  • Don Schinella

    Buyer's Agent in 2023

    Don Schinella

    SELECT REALTY

    (906) 362-9273

    25 in this area

    155 Total Sales

    Don Schinella
    Section Image
  • Nick Racine

    Seller's Agent in 2020

    Nick Racine

    RE/MAX 1ST REALTY

    (906) 250-7229

    21 in this area

    284 Total Sales

    Nick Racine
    Section Image

  • N

    Seller's Agent in 2018

    Non Member

    UPPER PENINSULA AOR

See All Agents

Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50110635

Upper Peninsula Association of REALTORS®

APN: 52-53-030-079-00

Michigan Marquette County Negaunee 49866

114 Ridge St, Negaunee, MI

This home is located at 114 Ridge St, Negaunee, MI 49866 since 29 May 2023 and is currently estimated at $244,855, approximately $89 per square foot. This property was built in 1912. 114 Ridge St is a home located in Marquette County with nearby schools including Lakeview Elementary School, Negaunee Middle School, and Negaunee High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Upper Peninsula Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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