NOT LISTED FOR SALE

2878 S State Rd Harbor Springs, MI 49740

Estimated Value: $560,000 - $1,039,000

-- Bed
-- Bath
8,850 Sq Ft
$96/Sq Ft Est. Value

Last Sold July 06, 2021

Last sale price $625,000 $71 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $5,348/month

About This Home

As of July 2021

12.59% CAP Rate…INVESTMENT PROPERTY…MULTI-FAMILY. $111,480.00 RENT ROLL. 13 Rental Units…Including a 40 x 30 ft Pole Barn. Beautiful country setting…right next to the Stutsmanville Chapel. 3 -Single Family homes. 3-Duplex Buildings. 1-Triplex Building. 4.67 Acres. Small Laundromat. ASK REALTOR FOR 4-COLOR BROCHURE WITH ALL OF THE NUMBERS.

Last Agent to Sell the Property

Joe Blachy

Petoskey Real Estate Group Listed on: 05/20/2020

Last Buyer's Agent

Joe Blachy

Petoskey Real Estate Group Listed on: 05/20/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,245

Lot Details

  • 4.67 Acre Lot
  • Lot Dimensions are 663 x 434

Home Design

  • Duplex
  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 8,850 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Propane
  • Well
  • Septic System

Community Details

  • 13 Units
  • 13 Separate Electric Meters

Listing and Financial Details

  • Assessor Parcel Number 06-12-14-300-049

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,245

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multifamily
  • Type 2: Apartments, Duplex, Triplex
  • Lvt Date: 05/20/2020
  • Section: 15
  • S E V Yr: 201,800/2017
  • Mult Un Res Condo: Y
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Sq Ft: 8850
  • Above Grade Finished Sq Ft: 8850

Exterior Features

  • Construction: Wood Frame
  • Roof: Asphalt Shingles
  • Waterfront Water Access: Neither

Utilities

  • Heat Type: LP Gas
  • Sewer: Septic
  • Water: Well, Community
  • Number Electric Meters: 13

Schools

  • School District: Harbor Springs

Lot Info

  • Estimated Lot Dimensions: 663 x 434
  • Estimated Number of Acres: 4.67
  • Zoning: PUD

Tax Info

  • Assessor Parcel Number: 06-12-14-300-049

Multi Family

  • Number Of Units: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2020
Closed on
Jul 6, 2021
Sold by
Villas Of Harbor Springs Llc
Bought by
Mrw Properties Llc State Road
Seller's Agent
Joe Blachy
Petoskey Real Estate Group
Buyer's Agent
Joe Blachy
Petoskey Real Estate Group
List Price
$625,000
Sold Price
$625,000
Current Estimated Value
$847,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,599
Avg. Annual Appreciation
7.41%
Original Mortgage
$500,000
Outstanding Balance
$295,811
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$551,788

Purchase Details

Closed on
May 30, 2001
Sold by
Hagan Leo
Bought by
Villas Of Harbor Springs Llc
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
Mrw Properties Llc State Road $625,000 --
Villas Of Harbor Springs Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mrw Properties Llc State Road $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2021 07/06/21 Sold $625,000 0.0% $71 / Sq Ft
11/21/2020 11/21/20 Off Market $625,000 -- --
11/07/2020 11/07/20 For Sale $625,000 0.0% $71 / Sq Ft
11/07/2020 11/07/20 Off Market $625,000 -- --
05/20/2020 05/20/20 For Sale $625,000 -- $71 / Sq Ft
Source: Northern Michigan MLS

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 $10,245 $373,400 $16,500 $356,900
2024 $10,245 $342,800 $16,500 $326,300
2023 $9,385 $268,700 $11,900 $256,800
2022 $9,385 $241,400 $241,400 $0
2021 $7,839 $228,800 $228,800 $0
2020 $7,720 $202,000 $202,000 $0
2019 -- $203,400 $203,400 $0
2018 -- $197,600 $197,600 $0
2017 -- $201,800 $201,800 $0
2016 -- $201,400 $201,400 $0
2015 -- $274,400 $0 $0
2014 -- $272,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joe Blachy

    Seller's Agent in 2021

    Joe Blachy

    Petoskey Real Estate Group

    (231) 409-9119

    109 Total Sales

    Joe Blachy
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Map

Source: Northern Michigan MLS

MLS Number: 461838

Northern Michigan MLS

APN: 06-12-14-300-049

Michigan Emmet County Harbor Springs 49740

2878 S State Rd, Harbor Springs, MI

This home is located at 2878 S State Rd, Harbor Springs, MI 49740 since 20 May 2020 and is currently estimated at $847,599, approximately $95 per square foot. 2878 S State Rd is a home located in Emmet County with nearby schools including Harbor Springs Middle School, Shay Elementary School, and Blackbird Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northern Michigan MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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