NOT LISTED FOR SALE

120 E Broad St Lanse, MI 49946

Estimated Value: $381,594

-- Bed
7 Baths
11,850 Sq Ft
$32/Sq Ft Est. Value

Last Sold June 29, 2018

Last sale price $240,000 $20 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,613/month

19 Days on Market

About This Home

As of June 2018

This well maintained building has a great rental history and steady income! There are 12 apartments and 1 commercial unit all under one roof. Most of the apartments have been updated and are in very good condition! Located on a nice corner lot in downtown L'Anse--the location gives tenants walking distance to groceries, restaurants and schools. This is a great opportunity to own an investment property!

Last Agent to Sell the Property

Tracy Kahkonen

UP NORTH REALTY License #UPAR Listed on: 04/09/2018

Last Buyer's Agent

Tracy Kahkonen

UP NORTH REALTY License #UPAR Listed on: 04/09/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 10,019 Sq Ft Lot

Parking

  • 3 Car Parking Spaces

Interior Spaces

  • 2-Story Property
  • Partial Basement
  • Oven or Range

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Hot Water Heating System
  • Internet Available

Community Details

  • 13 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 044-512-008-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

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 Year: 2017
  • Year Built: 1950
  • Mail City: L'Anse
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Appliances: Range/Oven
  • Basement: Yes
  • Basement Type: Partial

Exterior Features

  • Roads: City/County

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Cooling System: Wall/Window A/C, Window Unit(s)
  • Fuel Type: Electric, Natural Gas
  • Heating System: Hot Water
  • Sewer/Septic System: Public Sanitary

Condo/Co-op/Association

  • Community Amenities: Laundry Facility

Lot Info

  • Assessor Parcel Number: 044-512-008-00
  • Lot Dimensions: 75x100 & 50x50
  • Acreage: 0.23
  • Geo Subdivision: MI

Multi Family

  • Total Units: 13

Tax Info

  • Total Tax: Year: 2017

MLS Schools

  • School District: L'anse Area Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2018
Closed on
Jun 27, 2018
Sold by
Menge Ellis R
Bought by
North Coast Rentals Llc
Seller's Agent
Tracy Kahkonen
UP NORTH REALTY
Buyer's Agent
Tracy Kahkonen
UP NORTH REALTY
List Price
$240,000
Sold Price
$240,000
Current Estimated Value
$381,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,594
Avg. Annual Appreciation
6.37%
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
North Coast Rentals Llc $239,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2018 06/29/18 Sold $240,000 0.0% $20 / Sq Ft
04/28/2018 04/28/18 Pending -- -- --
04/09/2018 04/09/18 For Sale $240,000 -- $20 / 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 $7,359 $138,978 $0 $0
2024 $7,169 $141,433 $0 $0
2023 $6,832 $122,203 $0 $0
2022 $110 $121,493 $0 $0
2021 $7,606 $121,839 $0 $0
2020 $7,803 $129,383 $0 $0
2019 $5,683 $122,595 $0 $0
2018 -- $114,564 $0 $114,564
2017 -- $112,208 $0 $0
2016 -- $111,208 $0 $0
2015 -- $110,876 $0 $0
2014 -- $110,876 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tracy Kahkonen

    Seller's Agent in 2018

    Tracy Kahkonen

    UP NORTH REALTY

    (906) 361-0408

    177 Total Sales

    Tracy Kahkonen
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10071917

Upper Peninsula Association of REALTORS®

APN: 044-512-008-00

Michigan Baraga County Lanse 49946

120 E Broad St, Lanse, MI

Not Listed for Sale

MultiFamily

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