Seller's Agent in 2023
Kristine Goupille
RE/MAX 1ST REALTY
(906) 250-7344
53 in this area
293 Total Sales
250 Water St Negaunee, MI 49866
Estimated Value: $303,129
9
Beds
5
Baths
3,360
Sq Ft
$90/Sq Ft
Est. Value
Highlights
- Corner Lot
- Lakeview Elementary School Rated A-
- Community Wi-Fi
About This Home
As of August 2023**All offers due by July 28th at Noon with a response by next day** Check out this investment opportunity in the city of Negaunee!! Five units and always rented. Long term tenants with yearly leases. Four of the five units have 2 bedrooms, living room, eat in kitchen and 1 bath. Laundry hook-ups in these units. Tenants pay their own utilities (electric heat and water/sewer). Unit 5 faces the street and is a one bedroom, 1 bath (new) efficiency apartment with open kitchen (with pantry) and living area. Ample closet space in each unit. Units 1-4 are all identical layouts. Huge full basement has drive in garage space and So Much storage space! Large lot provides lots of parking on one side and a sprawling lawn for tenant activities on the other. No smoking and no pets have been enforced inside the building/units. Vinyl windows, exterior doors and roof have all been updated in the last 10 years. Great location in Negaunee and within walking distance to the schools, grocery store, banks and more.
Last Agent to Sell the Property
RE/MAX 1ST REALTY License #UPAR Listed on: 07/18/2023
Property Details
Home Type
- Apartment
Est. Annual Taxes
Year Built
- Built in 1890
Lot Details
- 0.78 Acre Lot
- Lot Dimensions are 115x130x122x115
- Corner Lot
- Cleared Lot
Interior Spaces
- 2-Story Property
- Oven or Range
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Stone Basement
Parking
- 1 Car Garage
- Unassigned Parking
Schools
- Lakeview Elementary School
- Neg Middle School
- Neg High School
Utilities
- Separate Meters
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 52-53-070-031-00
Community Details
Overview
- 5 Units
- Collins Add Subdivision
Amenities
- Community Wi-Fi
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 18, 2023
Closed on
Aug 17, 2023
Sold by
Collins Paul and Collins Noreen
Bought by
Akker Frederick L
Seller's Agent
Kristine Goupille
RE/MAX 1ST REALTY
Buyer's Agent
Kristine Goupille
RE/MAX 1ST REALTY
List Price
$195,000
Sold Price
$278,500
Premium/Discount to List
$83,500
42.82%
Views
1
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,629
Avg. Annual Appreciation
2.41%
Original Mortgage
$220,000
Outstanding Balance
$215,415
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$77,573
Purchase Details
Closed on
Nov 1, 1996
Bought by
Collins Paul and Collins Noreen
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Akker Frederick L | $278,500 | None Listed On Document | |
| Collins Paul | $74,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Akker Frederick L | $220,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/17/2023 08/17/23 | Sold | $278,500 | +42.8% | $83 / Sq Ft |
| 07/28/2023 07/28/23 | Pending | -- | -- | -- |
| 07/18/2023 07/18/23 | For Sale | $195,000 | -- | $58 / Sq Ft |
Source: Upper Peninsula Association of REALTORS®
Tax History Compared to Growth
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 | $37 | $107,100 | $0 | $0 |
| 2024 | $37 | $98,950 | $0 | $0 |
| 2023 | $1,969 | $85,450 | $0 | $0 |
| 2022 | -- | $61,350 | $0 | $0 |
| 2021 | $3,287 | $62,900 | $0 | $0 |
| 2020 | $2,831 | $61,350 | $0 | $0 |
| 2019 | $2,779 | $60,100 | $0 | $0 |
| 2018 | $0 | $57,300 | $0 | $0 |
| 2017 | $0 | $52,250 | $0 | $0 |
| 2016 | $0 | $51,300 | $0 | $0 |
| 2015 | -- | $51,300 | $0 | $0 |
| 2014 | -- | $49,300 | $0 | $0 |
| 2012 | -- | $47,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kristine Goupille
Map
Source: Upper Peninsula Association of REALTORS®
MLS Number: 50115736
APN: 52-53-070-031-00
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