NOT LISTED FOR SALE

324 N Rath Ave Ludington, MI 49431

Estimated Value: $124,000 - $251,000

5 Beds
2 Baths
-- Sq Ft
4,835 Sq Ft Lot

Last Sold September 04, 2020

Last sale price $65,000

Est. 192% increase in value since last sale

Current estimated payment $1,234/month

13 Days on Market

Highlights

  • Hot Water Heating System
  • Ludington High School Rated 9+
  • Wood Siding

About This Home

As of September 2020

Calling all investors! Great location to either renovate or start from scratch with a new build. Large corner lot within walking distance to everything downtown Ludington has to offer. Buyer to verify all data.

Last Agent to Sell the Property

Michael Healy

CENTURY 21 Bayshore License #650140206 Listed on: 06/26/2020

CENTURY 21 Bayshore

Last Buyer's Agent

Robin Koikas

EXIT Real Estate of Ludington License #6502354296

EXIT Real Estate of Ludington

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1900

Lot Details

  • 4,835 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Wood Siding

Utilities

  • No Cooling
  • Radiant Heating System
  • Hot Water Heating System
  • Natural Gas Connected
  • Sewer Not Available
  • Cable TV Available

Community Details

  • 2 Buildings
  • 2 Units

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

  • Construction Materials: Wood Siding
  • List Price: 70000.0
  • Number of Buildings: 2
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Radiant, Hot Water
  • Heating: Yes
  • Sewer: None
  • Utilities: Telephone Line, Natural Gas Connected, Public Water, Public Sewer, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4835.0
  • Zoning Description: R2A
  • ResoLotSizeUnits: Acres

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2191.35
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2020
Closed on
Sep 4, 2020
Sold by
Holmes Douglas R and Holmes Sarah
Bought by
Brooks Mark J and Brooks Sarah A
Seller's Agent
Michael Healy
CENTURY 21 Bayshore
Buyer's Agent
Robin Koikas
EXIT Real Estate of Ludington
List Price
$70,000
Sold Price
$65,000
Premium/Discount to List
-$5,000
-7.14%
Current Estimated Value
$189,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,630
Avg. Annual Appreciation
23.48%
Original Mortgage
$52,000
Outstanding Balance
$46,273
Interest Rate
2.8%
Estimated Equity
$141,115

Purchase Details

Listed on
May 12, 2018
Closed on
Jun 12, 2018
Sold by
Hamilton Brian R and Hamilton Martha J
Bought by
Holmes Douglas R and Holmes Sarah
Seller's Agent
Michael Healy
CENTURY 21 Bayshore
Buyer's Agent
Michael Healy
CENTURY 21 Bayshore
List Price
$63,000
Sold Price
$59,000
Premium/Discount to List
-$4,000
-6.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.44%

Purchase Details

Closed on
Jun 1, 1995
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
Brooks Mark J -- None Available
Holmes Douglas R $59,000 --
-- $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brooks Mark J $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2020 09/04/20 Sold $65,000 -7.1% --
07/09/2020 07/09/20 Pending -- -- --
06/26/2020 06/26/20 For Sale $70,000 +18.6% --
06/12/2018 06/12/18 Sold $59,000 -6.3% --
05/22/2018 05/22/18 Pending -- -- --
05/12/2018 05/12/18 For Sale $63,000 -- --
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 $2,509 $61,900 $61,900 $0
2024 -- $59,400 $59,400 $0
2023 -- $53,600 $53,600 $0
2022 -- $47,600 $0 $0
2021 -- $45,000 $0 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2015 -- -- $0 $0
2013 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Michael Healy

    CENTURY 21 Bayshore

    (231) 690-7834

    19 in this area

    31 Total Sales

    Michael Healy
    Section Image
  • Robin Koikas

    Buyer's Agent in 2020

    Robin Koikas

    EXIT Real Estate of Ludington

    (231) 510-0360

    15 in this area

    38 Total Sales

    Robin Koikas
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20024201

Southwestern Michigan Association of REALTORS®

APN: 051-200-003-00

Michigan Mason County Ludington 49431

324 N Rath Ave, Ludington, MI

This home is located at 324 N Rath Ave, Ludington, MI 49431 since 26 June 2020 and is currently estimated at $189,630. This property was built in 1900. 324 N Rath Ave is a home located in Mason County with nearby schools including Ludington Elementary School, Franklin Elementary School, and O.J. DeJonge Middle 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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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