NOT LISTED FOR SALE

116 E State St Mancelona, MI 49659

Estimated Value: $201,000 - $240,000

5 Beds
2.5 Baths
4,290 Sq Ft
$52/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $195,000 $45 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,459/month

260 Days on Market

Highlights

  • Deck
  • Fenced Yard
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • Ceiling height of 9 feet or more
  • Ceiling Fan

About This Home

As of April 2024

HUGE PRICE REDUCTION / OWNER MOTIVATED TO SELL NOW! Historical 1890 brick mixed use 2 story building. Income producing property. Main level is a store front with large work/ storage room, office and a bathroom. High ceilings with original tin tiles. The back of the main floor has a 2 bedroom home with a galley kitchen, Full bath, laundry room, mud room, family room and a backyard with deck and privacy fence. 2nd floor has a separate private entrance with a studio apartment with original pocket doors, original wood floors and large gallery. 2nd floor has a commercial air conditioning system. Full basement sectioned into 3 large areas. Separate utilities. Free standing. Located next to Antrim senior center across from Railroad Park. In downtown Mancelona. Short drive to Bellaire, Kalkaska, Traverse City or Gaylord. We’re centrally located or everything northern Michigan. Video on FB*

Last Agent to Sell the Property

Kevin Wood

Wood Realty Group LLC License #MISPE-6502431885 Listed on: 07/17/2023

Last Buyer's Agent

Kevin Wood

Wood Realty Group LLC License #MISPE-6502431885 Listed on: 07/17/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1890

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 38x134x21x100x12x184
  • Fenced Yard
  • Historic Home

Parking

  • 3 Car Parking Spaces

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 4,290 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Entryway
  • Family Room

Kitchen

  • Oven or Range
  • Microwave

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Septic Tank

Community Details

  • Mancelona Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number 05-45-010-032-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,103

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type: Historic, Investment, Residential
  • Type Of Property: Single Family
  • Architecture Style: Historic
  • Structure Style: 2 Story
  • Total Tax Amount: 2103
  • Total Tax Year: 2022
  • Year Built: 1890
  • Mail City: Mancelona
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: 9 ft + Ceilings
  • Appliances: Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement: Full, Stone
  • Bedrooms: 5
  • Bedroom 1: On 1st Floor, Dimensions: 22 x 18
  • Bedroom 1 Floor Covering: Wood
  • Bedroom 2: On 1st Floor, Dimensions: 20 x 18
  • Bedroom 2 Floor Covering: Carpet
  • Bedroom 3: On 1st Floor, Dimensions: 12 x 11
  • Bedroom 3 Floor Covering: Wood
  • Bedroom 4: On 1st Floor, Dimensions: 18 x 18
  • Bedroom 4 Floor Covering: Wood
  • Bedroom 5: On 2nd Floor, Dimensions: 36 x 36
  • Bedroom 5 Floor Covering: Wood
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Bathroom 1: On Level: First
  • Bathroom 2: On Level: First
  • Room Types: Entry, Family Room, First Floor Laundry
  • Kitchen: On 1st Floor, Dimensions: 18 x 11
  • Kitchen Floor Covering: Vinyl
  • Living Room: On 1st Floor, Dimensions: 21 x 13
  • Living Room Floor Covering: Wood
  • Below Grade Sq Ft: 2710
  • Above Grade Finished Sq Ft: 4290
  • Total Finished Sq Ft: 4290
  • Half Bathrooms: 1

Exterior Features

  • Exterior: Brick, Wood
  • Exterior Features: Deck, Fenced Yard, Sidewalks, Street Lights
  • Foundation: Basement
  • Frontage: 38
  • Road: Paved Street

Garage/Parking

  • Parking: 3 or More Spaces
  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Septic
  • Water: Public Water
  • Water Heater: Electric, Gas
  • Cooling: Ceiling Fan(s), Central A/C

Lot Info

  • Assessor Parcel Number: 05-45-010-032-00
  • Zoning: Mixed Use
  • Lot Dimensions: 38x134x21x100x12x184
  • Acreage: 0.22
  • Geo Subdivision: MI

Rental Info

  • Pet Restriction: No Restrictions

Tax Info

  • Summer Tax: Year: 2022, Amount: $1,271.00
  • Winter Tax: Year: 2022, Amount: $303.00
  • Total Tax: Year: 2022, Amount: $2,103.00
  • Village Tax: 529
  • Village Tax Year: 2022

MLS Schools

  • School District: Mancelona Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2023
Closed on
Apr 30, 2024
Sold by
Wood Family Trust
Bought by
Primeau David
Seller's Agent
Kevin Wood
Wood Realty Group LLC
Buyer's Agent
Kevin Wood
Wood Realty Group LLC
List Price
$299,999
Sold Price
$195,000
Premium/Discount to List
-$104,999
-35%
Views
567
Current Estimated Value
$225,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,112
Avg. Annual Appreciation
8.98%
Original Mortgage
$156,000
Outstanding Balance
$130,504
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$94,608

Purchase Details

Closed on
Jun 11, 2018
Sold by
Three J Properties Inc
Bought by
Wood Ft

Purchase Details

Closed on
Jul 15, 2011
Bought by
Three J Properties Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Primeau David $195,000 Lighthouse Title-Mancelona
Wood Ft $60,000 --
Three J Properties Inc $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Primeau David $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2024 04/30/24 Sold $195,000 -18.4% $45 / Sq Ft
04/02/2024 04/02/24 Pending -- -- --
10/05/2023 10/05/23 Price Changed $239,000 -7.7% $56 / Sq Ft
08/04/2023 08/04/23 Price Changed $259,000 -13.7% $60 / Sq Ft
07/17/2023 07/17/23 For Sale $299,999 +39.5% $70 / Sq Ft
07/17/2023 07/17/23 Price Changed $215,000 -- $50 / Sq Ft
Source: Michigan Multiple Listing Service

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 $3,390 $108,800 $0 $0
2024 $12 $67,700 $0 $0
2023 $1,899 $49,100 $0 $0
2022 $1,271 $36,900 $0 $0
2021 $2,039 $34,800 $0 $0
2020 $1,252 $56,700 $0 $0
2019 $3,222 $54,900 $0 $0
2018 $2,807 $51,600 $0 $0
2017 $2,752 $48,900 $0 $0
2016 $2,374 $48,200 $0 $0
2015 -- $47,000 $0 $0
2014 -- $45,500 $0 $0
2013 -- $53,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50115564

Michigan Multiple Listing Service

APN: 05-45-010-032-00