NOT LISTED FOR SALE

2305 Presque Isle Ave Marquette, MI 49855

Estimated Value: $304,000 - $335,908

6 Beds
2 Baths
1,672 Sq Ft
$192/Sq Ft Est. Value

Last Sold March 27, 2023

Last sale price $252,000 $151 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,692/month

18 Days on Market

Highlights

  • Porch
  • Graveraet Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of March 2023

Duplex with great rental history near NMU and Presque Isle Beach! You'll love the big yard and extra space in the full basement! Each unit has 3 bedrooms and 1 bathroom. Property can be accessed from Presque Isle as well as the alley. Plenty of parking. Shared laundry in the basement. Rental income currently is $3,300/month with the owner paying for gas (heat), water, snow removal/lawn care and WIFI. Tenants pay electric. Property is a 9 cap.

Last Agent to Sell the Property

Lee Haynes

SELECT REALTY License #UPAR Listed on: 02/13/2023

Last Buyer's Agent

Lee Haynes

SELECT REALTY License #UPAR Listed on: 02/13/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1881

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 140x75

Interior Spaces

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

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Internet Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 52-52-004-806-70

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$80

Year Built

Built in 1881

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 Amount: 4521.88
  • Year Built: 1881
  • Mail City: Marquette
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Basement: Yes
  • Basement Type: Full
  • Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2

Exterior Features

  • Construction: Aluminum
  • Exterior Features: Porch
  • Foundation Type: Basement
  • Roads: City/County

Utilities

  • Water: Public Water
  • Fuel Type: Electric, Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 52-52-004-806-70
  • Lot Dimensions: 140x75
  • Acreage: 0.24
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2022, Amount: $4,332.38
  • Winter Tax: Year: 2022, Amount: $189.50
  • Total Tax: Amount: $4,521.88

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Marquette Area School District

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2023
Closed on
Mar 27, 2023
Sold by
Lbh Group Llc
Bought by
Km-Up Properties Llc
Seller's Agent
Lee Haynes
SELECT REALTY
Buyer's Agent
Lee Haynes
SELECT REALTY
List Price
$289,000
Sold Price
$252,000
Premium/Discount to List
-$37,000
-12.8%
Current Estimated Value
$320,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,303
Avg. Annual Appreciation
9.70%
Original Mortgage
$189,000
Outstanding Balance
$183,269
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$137,034

Purchase Details

Listed on
Nov 4, 2020
Closed on
Nov 3, 2020
Sold by
Quality Rentals Of Marquette Llc
Bought by
Lbh Group Llc
Seller's Agent
Lee Haynes
SELECT REALTY
Buyer's Agent
Lee Haynes
SELECT REALTY
List Price
$175,000
Sold Price
$175,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.48%
Original Mortgage
$140,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 1997
Bought by
Dursema John and Wilson Linda
Source: Public Records

Range of Values:

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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
Km-Up Properties Llc $252,000 --
Lbh Group Llc $175,000 Murphy F Gregory
Dursema John $48,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Km-Up Properties Llc $189,000
Previous Owner Lbh Group Llc $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2023 03/27/23 Sold $252,000 -2.7% $151 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
02/21/2023 02/21/23 Price Changed $259,000 -10.4% $155 / Sq Ft
02/13/2023 02/13/23 For Sale $289,000 +65.1% $173 / Sq Ft
11/04/2020 11/04/20 For Sale $175,000 0.0% $105 / Sq Ft
11/03/2020 11/03/20 Sold $175,000 +96.1% $105 / Sq Ft View Prior Sale
10/12/2020 10/12/20 Pending -- -- --
02/22/2016 02/22/16 Sold $89,250 -28.6% $53 / Sq Ft View Prior Sale
01/06/2016 01/06/16 Pending -- -- --
10/28/2014 10/28/14 For Sale $125,000 -- $75 / 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 $80 $155,200 $0 $0
2024 $80 $146,400 $0 $0
2023 $4,670 $109,600 $0 $0
2022 $4,522 $64,800 $0 $0
2021 $3,994 $78,700 $0 $0
2020 $3,144 $64,800 $0 $0
2019 $3,228 $60,800 $0 $0
2018 $3,099 $60,800 $0 $0
2017 $147 $62,600 $0 $0
2016 $1,812 $62,300 $0 $0
2015 -- $62,300 $0 $0
2014 -- $61,800 $0 $0
2012 -- $59,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Lee Haynes

    SELECT REALTY

    (906) 362-5334

    33 in this area

    47 Total Sales

    Lee Haynes
    Section Image
  • Terry Huffman

    Seller's Agent in 2016

    Terry Huffman

    RE/MAX 1ST REALTY

    (906) 360-8258

    38 in this area

    253 Total Sales

    Terry Huffman
    Section Image
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50101403

Upper Peninsula Association of REALTORS®

APN: 52-52-004-806-70

Michigan Marquette County Marquette 49855

2305 Presque Isle Ave, Marquette, MI

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