Seller's Agent in 2018
Joe Capuana
GREAT LAKES & LAND OF MARQUETTE, INC.
(906) 228-9312
3 in this area
39 Total Sales
116 Oak St Ishpeming, MI 49849
Estimated Value: $118,508 - $270,000
8
Beds
4
Baths
3,400
Sq Ft
$58/Sq Ft
Est. Value
About This Home
Here is a unique opportunity to turn sweat equity into an awesome investment property! The building has 3 apartments (Apt A 2 bedroom 800 sq ft) (Apt B 3 bedroom 2 bath 1500 sq ft) (Apt C 3 bedroom 1100 sq ft). You could live in one and fix up the others. You could make an additional $1200 a month and have your investment paid back in 5+ years. Each apartment has an enclosed porch and a small yard area. Two of them need just a few touches before they are ready to make you money and one that is a blank canvas that needs a handymana€TMs touch. After the owners purchased the building in 2011, they noticed many broken pipes so they have replaced plumbing lines throughout (new Pex hot and cold lines), new registers in each room, a new boiler, new water heater, and new exterior electric meter (along with upgraded panels for each apartment to 100 amp with Apt B at 200amp).
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 18, 2017
Closed on
May 25, 2018
Sold by
Nikki Clement
Bought by
Barrett Jill and Barrett Jay
Seller's Agent
Joe Capuana
GREAT LAKES & LAND OF MARQUETTE, INC.
Buyer's Agent
Sandra Innerbener
EXP REALTY LLC
List Price
$59,000
Sold Price
$25,000
Premium/Discount to List
-$34,000
-57.63%
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
$170,836
Avg. Annual Appreciation
31.73%
Purchase Details
Listed on
Apr 18, 2017
Closed on
May 10, 2018
Sold by
Burton Clement and Burton Nikki
Bought by
Barrett Jay and Barrett Jill
Seller's Agent
Joe Capuana
GREAT LAKES & LAND OF MARQUETTE, INC.
Buyer's Agent
Sandra Innerbener
EXP REALTY LLC
List Price
$59,000
Sold Price
$25,000
Premium/Discount to List
-$34,000
-57.63%
Purchase Details
Closed on
Apr 5, 2007
Bought by
Clement Nikki and Clement Burton
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Barrett Jill | $25,000 | Odea Nordeen Burink And Picken | |
| Barrett Jay | $25,000 | Odea Nordeen Burink And Picken | |
| Clement Nikki | $38,500 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/11/2018 05/11/18 | Sold | $25,000 | -57.6% | $7 / Sq Ft | View Prior Sale |
| 04/10/2018 04/10/18 | Pending | -- | -- | -- | |
| 04/18/2017 04/18/17 | For Sale | $59,000 | -- | $17 / Sq Ft |
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 | $11 | $38,150 | $0 | $0 |
| 2024 | $11 | $31,250 | $0 | $0 |
| 2023 | $248 | $27,450 | $0 | $0 |
| 2022 | $1,510 | $23,150 | $0 | $0 |
| 2021 | $1,473 | $22,900 | $0 | $0 |
| 2020 | $1,477 | $23,150 | $0 | $0 |
| 2019 | $1,452 | $22,650 | $0 | $0 |
| 2018 | $1,010 | $21,500 | $0 | $0 |
| 2017 | $983 | $21,000 | $0 | $0 |
| 2016 | $955 | $20,650 | $0 | $0 |
| 2015 | -- | $20,650 | $0 | $0 |
| 2014 | -- | $18,900 | $0 | $0 |
| 2012 | -- | $16,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Capuana
-
S
Buyer's Agent in 2018
Sandra Innerbener
EXP REALTY LLC
Map
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