NOT LISTED FOR SALE

1402 Putnam St Wakefield, MI 49968

Estimated Value: $121,000 - $140,778

Studio
3 Baths
2,208 Sq Ft
$60/Sq Ft Est. Value

Sale Details

Date Sold: April 30, 2019

Last sale price $40,000 $18 Per Sq Ft

Est. 230% increase in value since last sale

Current estimated payment $877 / mo

196 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • Laundry Facilities
  • Porch

About This Home

As of April 2019

20/20 INVESTMENT VISION! This three unit apartment building has been updated with a metal roof, vinyl siding, newer windows, three separate gas furnaces and separate water heaters plus the separate electrical entrances are being updated. The owner pays taxes, insurance and water/sewer, tenants pay heat and electric. The first floor 2 bedroom apartment has drywall walls, a modern kitchen with wood cabinets plus a modern bath with tub/shower. The upstairs apartment has a view of Sunday lake from the large picture windows in the 22' living room with built-in oak shelving, 2 bedrooms plus a third bedroom or den with built-in bookshelves and an adjoining rear deck The modern bathroom has ceramic wainscot walls and ceramic tub/shower enclosure. The kitchen has ample modern cabinets plus a dishwasher. This apartment also is mostly newer drywall. The efficiency apartment is small with one room, a bathroom and large closet. It has minimal wood cabinets. There is a detached two car garage with a

Last Agent to Sell the Property

Faith Newberry

NORTHERN TRAILS REALTY License #UPAR Listed on: 08/24/2018

NORTHERN TRAILS REALTY

Last Buyer's Agent

Dean Lantta

NORTHERN TRAILS REALTY License #UPAR

NORTHERN TRAILS REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x140

Parking

  • 2 Car Detached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Dishwasher

Outdoor Features

  • Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Community Details

  • 3 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 53-03-504-800

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Year: 2018
  • Year Built: 1920
  • Mail City: Wakefield
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Range/Oven
  • Basement: Yes
  • Basement Type: Full

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Porch
  • Lake Name: Sunday Lake
  • Roads: City/County

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 2
  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Cooling System: Wall/Window A/C
  • Fuel Type: Electric, Natural Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Public Sanitary

Condo/Co-op/Association

  • Community Amenities: Laundry Facility

Lot Info

  • Assessor Parcel Number: 53-03-504-800
  • Lot Dimensions: 50x140
  • Acreage: 0.16
  • Geo Subdivision: MI

Multi Family

  • Total Units: 3

Tax Info

  • Total Tax: Year: 2018

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2018
Closed on
Apr 30, 2019
Sold by
Bought by
Seller's Agent
Faith Newberry
NORTHERN TRAILS REALTY
Buyer's Agent
Dean Lantta
NORTHERN TRAILS REALTY
List Price
$48,900
Sold Price
$40,000
Premium/Discount to List
-$8,900
-18.2%
Current Estimated Value
$131,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,945
Avg. Annual Appreciation
18.31%
Original Mortgage
$32,000
Outstanding Balance
$28,134
Interest Rate
4.2%
Mortgage Type
Credit Line Revolving
Estimated Equity
$103,811

Purchase Details

Closed on
Jun 2, 2017
Sold by
Bought by
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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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $32,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/30/2019 04/30/19 Sold $40,000 -18.2% $18 / Sq Ft
03/08/2019 03/08/19 Pending -- -- --
08/24/2018 08/24/18 For Sale $48,900 -- $22 / Sq Ft
Source: Upper Peninsula Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,119 $45,365 $45,365 $0
2024 $1,929 $45,673 $45,673 $0
2023 -- $39,147 $39,147 $0
2022 -- $30,779 $30,779 $0
Source: Public Records

Agents Affiliated with this Home

  • Faith Newberry

    Seller's Agent in 2019

    Faith Newberry

    NORTHERN TRAILS REALTY

    (877) 350-2323

    87 Total Sales

    Faith Newberry
    Section Image
  • Dean Lantta

    Buyer's Agent in 2019

    Dean Lantta

    NORTHERN TRAILS REALTY

    (906) 932-1438

    119 Total Sales

    Dean Lantta
    Section Image
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10072089

Upper Peninsula Association of REALTORS®

APN: 53-03-504-800

Michigan Gogebic County Wakefield 49968

1402 Putnam St, Wakefield, MI

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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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