NOT LISTED FOR SALE

120 E Broad St Lanse, MI 49946

Estimated Value: $377,805

-- 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. 57% increase in value since last sale

Current estimated payment $2,713/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

Est. Annual Taxes

  • $7,865

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

Est. Annual Taxes

$7,865

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
  • Estimated Sq Ft: 11850

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

Tax Info

  • Total Tax: Year: 2017

Multi Family

  • Total Units: 13

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
$377,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,805
Avg. Annual Appreciation
6.67%
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
North Coast Rentals Llc $239,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 $7,865 $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

    207 Total Sales

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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

This home is located at 120 E Broad St, Lanse, MI 49946 since 09 April 2018 and is currently estimated at $377,805, approximately $31 per square foot. This property was built in 1950. 120 E Broad St is a home located in Baraga County with nearby schools including Sullivan Elementary School, L'Anse High School, and Sacred Heart 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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