NOT LISTED FOR SALE

305 Cleveland Ave Ishpeming, MI 49849

Estimated Value: $120,426

-- Bed
4 Baths
4,000 Sq Ft
$30/Sq Ft Est. Value

Last Sold February 22, 2013

Last sale price $54,000 $14 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $656/month

233 Days on Market

About This Home

As of February 2013

Cash flow property!! All units currently rented bringing in over $1800 per month. All units are spacious and include the stove and fridge with the purchase. One unit has a washer and dryer as well. There is a full basement for storage

Last Agent to Sell the Property

Fran Sevegney

RE/MAX 1ST REALTY License #UPAR-6501343111 Listed on: 05/14/2012

RE/MAX 1ST REALTY

Last Buyer's Agent

Don Schinella

SELECT REALTY License #UPAR-6502349729

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10

Year Built

  • Built in 1880

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 70x78

Parking

  • 3 Car Parking Spaces

Additional Features

  • Basement Fills Entire Space Under The House
  • Hot Water Heating System

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 52-51-050-157-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Total Tax Year: 2012
  • Year Built: 1880
  • Mail City: Ishpeming
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Estimated Sq Ft: 4000

Exterior Features

  • Construction: Aluminum

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Fuel Type: Electric, Natural Gas
  • Heating System: Hot Water
  • Sewer/Septic System: Public Sanitary

Condo/Co-op/Association

  • Community Amenities: Laundry Facility

Lot Info

  • Assessor Parcel Number: 52-51-050-157-00
  • Lot Dimensions: 70x78
  • Acreage: 0.12

Tax Info

  • Total Tax: Year: 2012

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Ishpeming Public School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2022
Sold by
Korsman John A and Korsman Mavis S
Bought by
Korsman Rentals Llc
Current Estimated Value
$120,426

Purchase Details

Closed on
Nov 16, 2021
Sold by
Korsman Rentals Llc
Bought by
Korsman John A and Korsman Mavis S

Purchase Details

Listed on
May 14, 2012
Closed on
Feb 22, 2013
Bought by
Korsman John and Korsman Mavis
Seller's Agent
Fran Sevegney
RE/MAX 1ST REALTY
Buyer's Agent
Don Schinella
SELECT REALTY
List Price
$75,000
Sold Price
$54,000
Premium/Discount to List
-$21,000
-28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.62%
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
Korsman Rentals Llc -- None Listed On Document
Korsman John A -- None Listed On Document
Korsman John $54,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Korsman John A $331,125
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2013 02/22/13 Sold $54,000 -28.0% $14 / Sq Ft
01/02/2013 01/02/13 Pending -- -- --
05/14/2012 05/14/12 For Sale $75,000 -- $19 / Sq Ft
Source: Upper Peninsula 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 $10 $46,350 $0 $0
2024 $10 $39,550 $0 $0
2023 $237 $35,900 $0 $0
2022 $1,443 $22,700 $0 $0
2021 $1,481 $24,300 $0 $0
2020 $1,453 $22,700 $0 $0
2019 $1,589 $26,200 $0 $0
2018 $1,545 $28,550 $0 $0
2017 $1,505 $28,250 $0 $0
2016 $1,466 $23,500 $0 $0
2015 -- $23,500 $0 $0
2014 -- $23,500 $0 $0
2012 -- $16,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Fran Sevegney

    Seller's Agent in 2013

    Fran Sevegney

    RE/MAX 1ST REALTY

    (906) 869-7465

    50 in this area

    467 Total Sales

    Fran Sevegney
    Section Image
  • Don Schinella

    Buyer's Agent in 2013

    Don Schinella

    SELECT REALTY

    (906) 362-9273

    31 in this area

    152 Total Sales

    Don Schinella
    Section Image
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10071201

Upper Peninsula Association of REALTORS®

APN: 52-51-050-157-00

Michigan Marquette County Ishpeming 49849

305 Cleveland Ave, Ishpeming, MI

This home is located at 305 Cleveland Ave, Ishpeming, MI 49849 since 14 May 2012 and is currently estimated at $120,426, approximately $30 per square foot. This property was built in 1880. 305 Cleveland Ave is a home located in Marquette County with nearby schools including Birchview School, Ishpeming Middle School, and Ishpeming High 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.

Upper Peninsula Association of REALTORS® 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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