NOT LISTED FOR SALE

324 2nd St Unit 1.2.3.4 Menominee, MI 49858

Estimated Value: $129,000 - $215,000

6 Beds
4 Baths
2,657 Sq Ft
$63/Sq Ft Est. Value

Last Sold May 25, 2018

Last sale price $77,300 $29 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $1,215/month

45 Days on Market

About This Home

As of May 2018

The ideal location for your purchase of a multi-rental unit, close to waterfront, shopping, & work. This 4 rental complex is in good condition & a tenant desired spaces. Tenants love the central location. The unit offers very good return on the investment.

Amy Bretl

Place Perfect Realty Listed on: 04/06/2018

Place Perfect Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1880

Lot Details

  • 6,970 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Stone Foundation
  • Vinyl Siding

Interior Spaces

  • 2,657 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Year Built

1880

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Type: Multifamily (3+ Unit)
  • Stylebuilding Type: 2 Story, Apartment Building
  • Tax Municipality: Menominee, City of
  • Total Units: 4
  • Unit Identifier: City of Menominee
  • Unit Suite: 1.2.3.4
  • Remarks Public: The ideal location for your purchase of a multi-rental unit, close to waterfront, shopping, & work. This 4 rental complex is in good condition & a tenant desired spaces. Tenants love the central location. The unit offers very good return on the investment.
  • Tax Municipal Sub Area: None
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1880

Interior Features

  • Source Total Fin Sq Ft: Assessor/Public Record
  • Sq Ft Fin Above Grade Est: 2657
  • Sq Ft Total Fin Above And Below: 2657
  • Price Per Sq Ft: 29.09

Exterior Features

  • Exterior Finish Of Building: Vinyl
  • Foundation For Building: Stone

Garage/Parking

  • Number Of Total Parking Outside: 4
  • Building Parking: Outside

Utilities

  • Heating Cooling: Forced Air
  • Heating Fuel Type: Electric, Natural Gas
  • Number Of Furnaces: 2
  • Number of Ranges: 4
  • Number Of Water Heaters: 4
  • Waste For Building: Municipal Sewer
  • Water For Building: Municipal Public Water
  • Monthly Water Expense: 1880

Schools

  • School District: Menominee

Lot Info

  • Estimated Acres: 0.16
  • Zoning: Residential
  • Geo Address Line: 324 2nd St
  • Geo Primary City: Menominee
  • Geo Quality: 0.95
  • Geo Subdivision: MI
  • Geo Zoom Level: 16

Tax Info

  • Assessor Parcel Number: 051-002-260-00
  • Tax Net Amt: 2237.49
  • Tax Year: 2017

Multi Family

  • Number Of Refrigerators: 4
  • Total Numberof Buildings: 1
  • Bedrooms: 2

MLS Schools

  • School District: Menominee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2018
Closed on
May 25, 2018
Sold by
Neal Carlton
Bought by
Rocket Homes Llc
Buyer's Agent
Amy Bretl
Place Perfect Realty
List Price
$84,700
Sold Price
$77,300
Premium/Discount to List
-$7,400
-8.74%
Total Days on Market
45
Current Estimated Value
$166,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,492
Avg. Annual Appreciation
9.62%

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
Rocket Homes Llc $77,300 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2018 05/25/18 Sold $77,300 -8.7% $29 / Sq Ft
05/21/2018 05/21/18 Pending -- -- --
04/06/2018 04/06/18 For Sale $84,700 -- $32 / Sq Ft
Source: REALTORS® Association of Northeast Wisconsin

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
2024 $3,492 $59,500 $3,100 $56,400
2023 $338 $58,100 $58,100 $0
2022 $338 $58,100 $58,100 $0
2021 $338 $51,500 $51,500 $0
2020 $338 $53,500 $0 $0
2019 -- $51,900 $0 $0
2018 -- $40,600 $40,600 $0
2017 -- $39,000 $39,000 $0
2016 -- $35,328 $0 $0
2015 -- $37,200 $0 $0
2014 -- $33,500 $33,500 $0
2013 $338 $33,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Northeast Wisconsin

MLS Number: 50180821

REALTORS® Association of Northeast Wisconsin

APN: 051-002-260-00