NOT LISTED FOR SALE

26 Webster Ct Manistee, MI 49660

Estimated Value: $114,000 - $199,000

5 Beds
3 Baths
2,000 Sq Ft
$74/Sq Ft Est. Value

Last Sold November 01, 2023

Last sale price $240,000 $120 Per Sq Ft

Est. 38% decrease in value since last sale

Current estimated payment $1,145/month

54 Days on Market

About This Home

As of November 2023

Duplex with 3 BR rental downstairs, large yard, and 2 BR rental upstairs currently producing $2,500 in gross monthly rents with tenants in place. Main unit is under a one year lease ($1,600/month) and upper unit is $900/month-to-month. The house is sound and well maintained. Updated electrical, replaced sewer lines, new front and back decks, quality appliances, remodeled lower bathroom, wood floors, lots of basement storage, large back yard with grandfathered-in pad for 2-stall garage. Walk to River St. (main street downtown) and River Walk. View of Manistee Lake from front porch and watch the ships pass in Manistee River from the back porch and windows when the leaves are off. GREAT LOCATION. Newer siding, gutters, windows, good tenants in place. Owners retiring. Would make a great start for a homebuyer who wants extra income to help with mortgage payments or would make a great Airbnb. This property is zoned commercial so would have rights to be used as Airbnb or many other uses. Could live in one and run a business out of the other or open it up as one large home.

Last Agent to Sell the Property

Maynard Neal

NERG Real Estate Experts License #6501297249 Listed on: 08/17/2023

Last Buyer's Agent

Cheryl Staszczak

LIGHTHOUSE REALTY-Manistee License #RCO-6501141899

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 66 x 120

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Block Foundation
  • Shingle Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2,000 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Back Up Electric Heat Pump System
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 5144871505

Community Details

Overview

  • 2 Units
  • Filer & Smiths Add Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,083

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1900
  • State Equalized Value: 48900.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2000
  • Total Sq Ft: 2000
  • Sq Ft Total Bsmt: 1000

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Shingle Siding
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • Total Parking Spaces: 4

Utilities

  • Heating Fuel: Electric, Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Water at Street

Schools

  • School District: Manistee

Lot Info

  • Lot Size Area: 0.17
  • Lot Dimensions: 66 x 120
  • Parcel Number: 5144871505
  • Zoning: Multi-Family, Residential

Rental Info

  • Rent Includes: Heat, Electric
  • Monthly Rental Income: 2500

Tax Info

  • Tax Amount Summer: 1800.0000
  • Tax Amount Winter: 283.0000
  • Total Tax: 2083.0000
  • Taxable Value: 35523.0000

Multi Family

  • Gross Scheduled Income: 30000.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Three Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Manistee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2023
Closed on
Nov 1, 2023
Sold by
Vahling Karen
Bought by
Batterton Greg
Seller's Agent
Maynard Neal
NERG Real Estate Experts
Buyer's Agent
Cheryl Staszczak
LIGHTHOUSE REALTY-Manistee
List Price
$259,000
Sold Price
$240,000
Premium/Discount to List
-$19,000
-7.34%
Views
98
Current Estimated Value
$148,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$91,017
Avg. Annual Appreciation
-26.53%

Purchase Details

Listed on
Apr 26, 2019
Closed on
Oct 25, 2019
Sold by
Michele Massoglia
Bought by
Vahling Karen
Seller's Agent
Bonnie Walsh
Five Star Real Estate - Onekama
Buyer's Agent
Bonnie Walsh
Five Star Real Estate - Onekama
List Price
$72,500
Sold Price
$51,000
Premium/Discount to List
-$21,500
-29.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.00%

Purchase Details

Closed on
Nov 1, 1997
Source: Public Records

Range of Values:

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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
Batterton Greg $240,000 --
Vahling Karen $51,000 --
-- $30,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2023 11/01/23 Sold $240,000 -7.3% $120 / Sq Ft
08/17/2023 08/17/23 For Sale $259,000 +407.8% $130 / Sq Ft
10/25/2019 10/25/19 Sold $51,000 -29.7% --
10/22/2019 10/22/19 Pending -- -- --
04/26/2019 04/26/19 For Sale $72,500 -- --
Source: Realcomp

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 $3,779 $90,100 $0 $0
2024 $2,128 $60,400 $0 $0
2023 $1,265 $48,900 $0 $0
2022 $2,083 $40,200 $40,200 $0
2021 $2,026 $37,800 $37,800 $0
2020 $1,916 $32,300 $32,300 $0
2019 $2,355 $43,500 $43,500 $0
2018 $2,307 $45,900 $45,900 $0
2017 $2,260 $40,300 $40,300 $0
2016 $1,353 $39,900 $39,900 $0
2015 -- $37,300 $37,300 $0
2014 -- $38,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230067390

Realcomp

APN: 51-448-715-05