NOT LISTED FOR SALE

225 E Broad St Lanse, MI 49946

Estimated Value: $129,000 - $226,000

-- Bed
-- Bath
2,200 Sq Ft
$82/Sq Ft Est. Value

Last Sold July 10, 2017

Last sale price $15,000 $7 Per Sq Ft

Est. 1,090% increase in value since last sale

Current estimated payment $1,004/month

148 Days on Market

About This Home

As of July 2017

This older 2 story Duplex is conveniently located within walking distance of stores, schools, churches, and the downtown marina. Located in the Village of L'Anse which is on the shore of Lake Superior, this area is well known for All Season Recreation. There is access to boating, fishing, swimming, hiking, and waterfall excursions. In winter, snow mobiling and cross-country skiing are popular. Room sizes for upstairs apartment are as follows: LR 15x15, Kitchen 12x10, Bedroom 13x12, 3/4 Bath (7x7) Price well below appraised value. Owners are Licensed Michigan Real Estate Brokers.

Last Agent to Sell the Property

Tim Keohane

GREAT LAKES & LAND OF MARQUETTE, INC. License #UPAR Listed on: 02/01/2017

Last Buyer's Agent

Tim Keohane

GREAT LAKES & LAND OF MARQUETTE, INC. License #UPAR Listed on: 02/01/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1887

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x125

Parking

  • 3 Car Parking Spaces

Home Design

  • Wood Siding

Interior Spaces

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

Utilities

  • Space Heater
  • Internet Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 044-520-010-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1887
  • Mail City: L'Anse
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Basement: Yes
  • Basement Type: Full

Exterior Features

  • Construction: Wood
  • Roads: City/County

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

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

Lot Info

  • Assessor Parcel Number: 044-520-010-00
  • Lot Dimensions: 50x125
  • Acreage: 0.14
  • Geo Subdivision: MI

Multi Family

  • Total Units: 2

MLS Schools

  • School District: L'anse Area Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2017
Closed on
Jul 10, 2017
Sold by
Keohane Timothy E
Bought by
Daley Brittany A
Seller's Agent
Tim Keohane
GREAT LAKES & LAND OF MARQUETTE, INC.
Buyer's Agent
Tim Keohane
GREAT LAKES & LAND OF MARQUETTE, INC.
List Price
$28,000
Sold Price
$15,000
Premium/Discount to List
-$13,000
-46.43%
Current Estimated Value
$178,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,518
Avg. Annual Appreciation
33.99%

Purchase Details

Closed on
Jul 23, 2008
Sold by
Keohane Timothy E and Keohane Linda E
Bought by
Keohane Timothy E and Keohane Linda E
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
Daley Brittany A $15,000 --
Keohane Timothy E -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/10/2017 07/10/17 Sold $15,000 -46.4% $7 / Sq Ft
06/29/2017 06/29/17 Pending -- -- --
02/01/2017 02/01/17 For Sale $28,000 +55.6% $13 / Sq Ft
05/09/2013 05/09/13 Sold $18,000 -54.9% $8 / Sq Ft View Prior Sale
05/02/2013 05/02/13 Pending -- -- --
05/29/2009 05/29/09 For Sale $39,900 -- $18 / 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 $862 $102,569 $0 $0
2024 $804 $92,527 $0 $0
2023 $766 $69,859 $0 $0
2022 $175 $43,733 $0 $0
2021 $633 $38,482 $0 $0
2020 $625 $37,819 $0 $0
2019 $668 $36,174 $0 $0
2018 -- $12,070 $0 $12,070
2017 -- $16,140 $0 $0
2016 -- $15,997 $0 $0
2015 -- $15,950 $0 $0
2014 -- $15,699 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tim Keohane

    Seller's Agent in 2017

    Tim Keohane

    GREAT LAKES & LAND OF MARQUETTE, INC.

    (906) 250-4743

    196 Total Sales

    Tim Keohane
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10072131

Upper Peninsula Association of REALTORS®

APN: 044-520-010-00

Michigan Baraga County Lanse 49946

225 E Broad St, Lanse, MI

Not Listed for Sale

MultiFamily

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