NOT LISTED FOR SALE

202 E Melendy St Ludington, MI 49431

Estimated Value: $100,000 - $141,000

5 Beds
2 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold January 13, 2020

Last sale price $55,000

Est. 130% increase in value since last sale

Current estimated payment $836/month

262 Days on Market

About This Home

As of January 2020

Investment opportunity with current monthly income of $1025 a month. The tenants and there current yearly lease will go with the sale. Corner lot, close to PM Lake, Car ferry, Lake Michigan, downtown Ludington. Great walking distance to all the action. Information may be estimated, buyer to verify information is accurate. Both units passed the city rental inspections July 2019, which is good for another 3 yrs.

Last Agent to Sell the Property

Lori Dickenson

LIGHTHOUSE REALTY-Ludington License #6501264017 Listed on: 03/25/2019

Last Buyer's Agent

Debby Stevenson

Greenridge Realty S Rath License #6502347161

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1940

Lot Details

  • 3,485 Sq Ft Lot

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water, sewer

Property Details

Home Type

Apartment

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 67900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Telephone Line, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3485.0
  • Zoning Description: R2A- 2 family
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1518.44
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2019
Closed on
Jan 13, 2020
Sold by
Siegel Properties Inc
Bought by
Visscher Enterprises Llc
Seller's Agent
Lori Dickenson
LIGHTHOUSE REALTY-Ludington
Buyer's Agent
Debby Stevenson
Greenridge Realty S Rath
List Price
$84,900
Sold Price
$55,000
Premium/Discount to List
-$29,900
-35.22%
Current Estimated Value
$126,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,304
Avg. Annual Appreciation
15.44%

Purchase Details

Closed on
Nov 24, 2014
Sold by
Siegel Mark J and Siegel Carianne
Bought by
Siegel Properties Inc

Purchase Details

Closed on
Jul 25, 2014
Sold by
West Shore Bank
Bought by
Siegel Mark J and Siegel Carianne

Purchase Details

Closed on
Jul 18, 2005
Sold by
Six Rock Rentals Llc
Bought by
Richard Delano Family Trust

Purchase Details

Closed on
Jun 25, 2002
Sold by
Sielski Barbara A
Bought by
Six Rock Rentals

Purchase Details

Closed on
Aug 1, 1996
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Visscher Enterprises Llc $55,000 None Available
Siegel Properties Inc -- None Available
Siegel Mark J $31,188 Midstate Title Agency Llc
Richard Delano Family Trust $35,000 Metropolitan Title Co
Six Rock Rentals $44,000 --
-- $26,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2020 01/13/20 Sold $55,000 -35.2% --
12/12/2019 12/12/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $84,900 -- --
Source: MichRIC

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 $2,094 $42,300 $42,300 $0
2024 -- $39,600 $39,600 $0
2023 -- $35,100 $35,100 $0
2022 -- $32,400 $0 $0
2021 -- $30,900 $0 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2015 -- -- $0 $0
2013 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Lori Dickenson

    LIGHTHOUSE REALTY-Ludington

    Section Image
  • Debby Stevenson

    Buyer's Agent in 2020

    Debby Stevenson

    Greenridge Realty S Rath

    (231) 510-5727

    253 in this area

    462 Total Sales

    Debby Stevenson
    Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 19010882

MichRIC

APN: 051-576-008-00

Michigan Mason County Ludington 49431

202 E Melendy St, Ludington, MI

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.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes