NOT LISTED FOR SALE

1910 Sugar Loaf Ave Marquette, MI 49855

Estimated Value: $1,306,131

10 Beds
20 Baths
14,710 Sq Ft
$89/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $885,000 $60 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $6,895/month

500 Days on Market

Highlights

  • 4.22 Acre Lot
  • Fireplace
  • 1-Story Property
  • Graveraet Elementary School Rated A-
  • Shed
  • Forced Air Heating System

About This Home

As of July 2020

LOCATION! Attention investors... this is a unique find with unlimited potential & falls within the Opportunity Zone. Not only are there currently 36 units fully rented, there is over an acre of vacant land to build on (4.22 acres total for larger projects), road frontage to both SugarLoaf Ave and Wright St, and its located across the street from NMU! Sugarloaf Villas has a mix of studio, 1 bedroom, and 2 bedroom apartments. There is also a coin laundry facility on site for added income source. The Aframe units have recently been reroofed with rolled roofing and all crawl spaces have been thoroughly insulated. Water is included in rent and tenants pay their own electric / heating costs. See attached maps. (disclosure: One of the current owners is a licensed real estate broker.)

Last Agent to Sell the Property

Jamie Beaver

KEY REALTY DELTA COUNTY LLC License #UPAR-6502370675 Listed on: 01/15/2019

KEY REALTY DELTA COUNTY LLC

Last Buyer's Agent

Kellie Hillier-Genschaw

RE/MAX 1ST REALTY License #UPAR

RE/MAX 1ST REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $296

Year Built

  • Built in 1971

Lot Details

  • 4.22

Parking

  • 3 Car Parking Spaces

Home Design

  • Slab Foundation
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Fireplace
  • Partial Basement
  • Oven or Range

Utilities

  • Forced Air Heating System
  • Space Heater
  • Hot Water Heating System

Additional Features

  • Shed
  • 4.22 Acre Lot

Community Details

  • 36 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 525200561130

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$296

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 1 Story
  • Sub Structure Types: Shed
  • Year Built: 1971
  • Mail City: Marquette
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Range/Oven
  • Fireplace: Yes
  • Basement: Yes
  • Basement Type: Partial

Exterior Features

  • Construction: Vinyl Siding, Wood
  • Foundation Type: Crawl, Slab
  • Roads: City/County

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Fuel Type: Electric, Natural Gas
  • Heating System: Electric Heat, Forced Air, Hot Water, Space Heater
  • Sewer/Septic System: Public Sanitary

Condo/Co-op/Association

  • Community Amenities: Laundry Facility

Lot Info

  • Assessor Parcel Number: 525200561130
  • Lot Dimensions: 329x550 irregular
  • Acreage: 4.22
  • Geo Subdivision: MI

Multi Family

  • Total Units: 36

MLS Schools

  • School District: Marquette Area School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2019
Closed on
Jul 31, 2020
Sold by
Sugarloaf Villas Llc
Bought by
Curran Brothers Llc
Seller's Agent
Jamie Beaver
KEY REALTY DELTA COUNTY LLC
Buyer's Agent
Kellie Hillier-Genschaw
RE/MAX 1ST REALTY
List Price
$1,125,000
Sold Price
$885,000
Premium/Discount to List
-$240,000
-21.33%
Current Estimated Value
$1,306,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$421,131
Avg. Annual Appreciation
7.70%
Original Mortgage
$935,000
Outstanding Balance
$495,842
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$810,289

Purchase Details

Closed on
Jan 14, 2004
Bought by
Beaver Jamie
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
Curran Brothers Llc -- Olsen Gary L
Beaver Jamie $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Curran Brothers Llc $935,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2020 07/31/20 Sold $885,000 -21.3% $60 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
01/15/2019 01/15/19 For Sale $1,125,000 -- $76 / 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 $296 $896,400 $0 $0
2024 $296 $836,600 $0 $0
2023 $28,189 $685,500 $0 $0
2022 $35,633 $687,863 $0 $0
2021 $31,794 $626,500 $0 $0
2020 $22,236 $687,863 $0 $0
2019 $22,832 $630,200 $0 $0
2018 $21,401 $446,000 $0 $0
2017 $967 $453,300 $0 $0
2016 $21,711 $482,700 $0 $0
2015 -- $482,700 $0 $0
2014 -- $400,000 $0 $0
2012 -- $403,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jamie Beaver

    Seller's Agent in 2020

    Jamie Beaver

    KEY REALTY DELTA COUNTY LLC

    (906) 399-9033

    1 in this area

    330 Total Sales

    Jamie Beaver
    Section Image
  • Kellie Hillier-Genschaw

    Buyer's Agent in 2020

    Kellie Hillier-Genschaw

    RE/MAX 1ST REALTY

    (906) 225-1990

    83 in this area

    359 Total Sales

    Kellie Hillier-Genschaw
    Section Image
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10072140

Upper Peninsula Association of REALTORS®

APN: 52-52-005-611-30

Michigan Marquette County Marquette 49855

1910 Sugar Loaf Ave, Marquette, MI

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