NOT LISTED FOR SALE

287 2nd Ave Manistee, MI 49660

Estimated Value: $187,215 - $231,000

-- Bed
-- Bath
-- Sq Ft
5,854 Sq Ft Lot

Last Sold September 13, 2021

Last sale price $85,000

Est. 143% increase in value since last sale

Current estimated payment $1,553/month

21 Days on Market

About This Home

As of September 2021

Investment opportunity! This duplex is located in the City of Manistee close (less than 1 mile) to the beautiful beaches of Lake Michigan. Both units have a long rental history. Offers off street parking with a paved driveway, garage and a fenced in yard. Need TLC, but could make a great long term investment or convert back into a single family home. Schedule your tour in advance as both units are currently occupied. Tenants pay their own gas & electric utilities. Upper unit currently rented for $500/month. Lower unit with washer/dryer currently rents for $550.

Last Agent to Sell the Property

Therran Ferguson

Essential Real Estate License #6502429562 Listed on: 06/30/2021

Last Buyer's Agent

Jermaine Sullivan

Dwelling Realty - KW Northern Michigan License #6501365101

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1900

Lot Details

  • 5,854 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Radiant Heating System
  • Hot Water Heating System
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water

Property Details

Home Type

Apartment

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 99900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Heating: Radiant, Hot Water
  • Heating: Yes
  • Utilities: Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5854.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2130.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2021
Closed on
Sep 13, 2021
Bought by
Cassar Eric and Grant Lindsey
Seller's Agent
Therran Ferguson
Essential Real Estate
Buyer's Agent
Jermaine Sullivan
Dwelling Realty - KW Northern Michigan
List Price
$115,000
Sold Price
$85,000
Premium/Discount to List
-$30,000
-26.09%
Current Estimated Value
$206,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,554
Avg. Annual Appreciation
23.35%

Purchase Details

Closed on
Dec 5, 2013
Sold by
Poellet James E and Poellet Shirley A
Bought by
Poellet James and Poellet Shirley

Purchase Details

Closed on
Sep 1, 1993
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
Cassar Eric $85,000 --
Poellet James -- --
-- $32,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2021 09/13/21 Sold $85,000 -26.1% --
06/30/2021 06/30/21 For Sale $115,000 -- --
Source: Southwestern Michigan 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 $5,249 $113,600 $0 $0
2024 $2,956 $102,300 $0 $0
2023 $2,844 $81,900 $0 $0
2022 $4,686 $76,100 $76,100 $0
2021 $2,207 $64,000 $64,000 $0
2020 $2,088 $57,300 $57,300 $0
2019 $2,061 $52,400 $52,400 $0
2018 $2,020 $47,800 $47,800 $0
2017 $1,978 $49,500 $49,500 $0
2016 $1,184 $50,800 $50,800 $0
2015 -- $48,100 $48,100 $0
2014 -- $44,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21025280

Southwestern Michigan Association of REALTORS®

APN: 51-274-708-07