NOT LISTED FOR SALE

234 5th St Manistee, MI 49660

Estimated Value: $171,000 - $218,000

Studio
-- Bath
-- Sq Ft
0.28 Acres

Last Sold May 31, 2022

Last sale price $250,990

Est. 23% decrease in value since last sale

Current estimated payment $1,185/month

9 Days on Market

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • Level Lot

About This Home

As of May 2022

Excellent investor package in the lake town of Manistee. Includes 2 duplexes (4 units), a 2 car garage, a large yard and 7 off street parking spaces! These two properties adjoin each other in back. 3 beautiful 2 bedroom, 1 bath apartments and a 4th that has 1 bedroom plus den, 1 bath. Rents are $900, $800, $750 and $500 (the last being a long term tenant). Utilities are all separated with tenants paying own gas, electric, water, sewer and garbage. Considerable updates include vinyl plank flooring, fresh paint, many replacement windows, new roof on Ramsdell in 2021 and new upstairs furnace in Ramsdell in 2021. Both main floor apts have private laundry with washers and dryers included. Garage for landlord workshop/storage or could charge extra for tenant use. Rent easily. All under lease.

Last Agent to Sell the Property

Marjorie Zaccanelli

RE/MAX Bayshore Manistee License #6501171623 Listed on: 04/30/2022

RE/MAX Bayshore Manistee

Last Buyer's Agent

Jermaine Sullivan

Dwelling Realty - KW Northern Michigan License #6501365101

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,933

Lot Details

  • 0.28 Acre Lot
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 7 Parking Spaces
  • Unpaved Driveway
  • Unpaved Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, trash collection, water

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,933

Lot Details

0.28 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • General Property Info:Basement: Yes
  • Waterfront Options:Water Access YN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 259800.0
  • Lot Features: Level, Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved
  • Total Parking Spaces: 7.0

Utilities

  • Heating: Forced Air, Wall Furnace
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available
  • Water Source: Public Water

Lot Info

  • Lot Size Acres: 0.282
  • Lot Size Area: 0.28
  • Lot Dimensions: 69 x 93 + 62 x 63
  • Lot Size Sq Ft: 12284.0
  • Zoning Description: Residential

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 3933.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2022
Closed on
May 31, 2022
Sold by
Montano Daniel G
Bought by
Wright Shaun and Wright Jackie
Seller's Agent
Marjorie Zaccanelli
RE/MAX Bayshore Manistee
Buyer's Agent
Jermaine Sullivan
Dwelling Realty - KW Northern Michigan
List Price
$259,800
Sold Price
$250,990
Premium/Discount to List
-$8,810
-3.39%
Current Estimated Value
$192,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$58,689
Avg. Annual Appreciation
-6.87%

Purchase Details

Listed on
Feb 14, 2020
Closed on
Dec 23, 2020
Sold by
Bottrell Tyler A
Bought by
Montano Daniel G and Montano Marisela
Seller's Agent
Cheryl Staszczak
LIGHTHOUSE REALTY-Manistee
Buyer's Agent
Marjorie Zaccanelli
RE/MAX Bayshore Manistee
List Price
$77,000
Sold Price
$70,000
Premium/Discount to List
-$7,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
142.72%

Purchase Details

Closed on
Feb 25, 2011
Sold by
Mcfadzen Karen L and Johnson Kimberle
Bought by
Bottrell Tyler A

Purchase Details

Closed on
Jan 31, 2010
Sold by
Krusniak Verian J

Purchase Details

Closed on
Jul 14, 2008
Sold by
Krusniak Verian J
Bought by
Krusniak Verian J and Mcfadzen Karen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wright Shaun $250,990 --
Montano Daniel G $70,000 --
Bottrell Tyler A $26,000 --
-- -- --
Krusniak Verian J -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2022 05/31/22 Sold $250,990 -3.4% --
05/09/2022 05/09/22 Pending -- -- --
04/30/2022 04/30/22 For Sale $259,800 +271.1% --
12/23/2020 12/23/20 Sold $70,000 -9.1% -- View Prior Sale
11/11/2020 11/11/20 Pending -- -- --
02/14/2020 02/14/20 For Sale $77,000 -- --
Source: MichRIC

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 $2,339 $78,600 $0 $0
2024 $23 $70,000 $0 $0
2023 $2,200 $61,800 $0 $0
2022 $2,614 $52,500 $52,500 $0
2021 $2,542 $41,100 $41,100 $0
2020 $1,806 $37,900 $37,900 $0
2019 $1,783 $37,400 $37,400 $0
2018 $1,747 $36,700 $36,700 $0
2017 $1,711 $32,900 $32,900 $0
2016 $1,024 $28,700 $28,700 $0
2015 -- $29,300 $29,300 $0
2014 -- $27,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 22015408

MichRIC

APN: 51-572-708-03

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