NOT LISTED FOR SALE

325 W Ridge St Ishpeming, MI 49849

Estimated Value: $130,000 - $192,600

3 Beds
1 Bath
1,896 Sq Ft
$93/Sq Ft Est. Value

Last Sold August 15, 2022

Last sale price $146,000 $77 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $980/month

8 Days on Market

Highlights

  • Traditional Architecture
  • 1 Car Detached Garage
  • Forced Air Heating System

About This Home

As of August 2022

Two homes for the price of one! Conveniently located to downtown Ishpeming and close to Lake Bancroft, this 3 bedroom 1.5 bathroom home is perfect for you. But wait, there is income potential as well! Included in the sale is a 2 bedroom 1 bathroom home that is currently rented. Right across the street from Cleveland Cliffs mine shaft museum, which means no neighbors on that side!Inside the main home is a spacious kitchen that connects to a separate dining area, and also the main floor half bathroom. From there you enter your living room that also offers lots of space. Throughout the home you'll appreciate the natural light from all the nice sized windows. Upstairs is where all three bedrooms are, along with the full bathroom. The master bedroom hosts a lot more space than the others. In between the houses is the one car detached garage. As for the second home, downstairs offers a small living room, kitchen, and two separate rooms which could have multiple uses. Upstairs is where the two bedrooms, and the full bathroom are located. A unique opportunity to be a homeowner and have potential rental income!

Last Listed By

DYLAN WILLEY

COLDWELL BANKER SCHMIDT REALTORS License #UPAR-6501429957 Listed on: 06/21/2022

COLDWELL BANKER SCHMIDT REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1890

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 41x118

Parking

  • 1 Car Detached Garage

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,896 Sq Ft Home
  • 2-Story Property
  • Michigan Basement

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Excelsior Subdivision

Listing and Financial Details

  • Assessor Parcel Number 52-51-105-008-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$28

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Traditional
  • Structure Style: 2 Story
  • Year Built: 1890
  • Mail City: Ishpeming
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement: MI Basement
  • Bedrooms: 3
  • Bedroom 1: On 2nd Floor, Dimensions: 23 x 11
  • Bedroom 2: On 2nd Floor, Dimensions: 14 x 11
  • Bedroom 3: On 2nd Floor, Dimensions: 14 x 12
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Bathroom 1: On Level: Second
  • Dining Room: On Main Floor, Dimensions: 13 x 11
  • Kitchen: On Main Floor, Dimensions: 14 x 11
  • Living Room: On Main Floor, Dimensions: 15 x 12
  • Below Grade Sq Ft: 948
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 1896
  • Total Finished Sq Ft: 1896

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Michigan Basement
  • Frontage: 41
  • Frontage Type: Road

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 1
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water

Lot Info

  • Assessor Parcel Number: 52-51-105-008-00
  • Lot Dimensions: 41x118
  • Acreage: 0.11
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2021, Amount: $1,090.00
  • Winter Tax: Year: 2021, Amount: $1,090.00
  • Total Tax: Amount: $2,180.00

MLS Schools

  • School District: Ishpeming Public School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2022
Closed on
Aug 15, 2022
Sold by
Bell Tera M
Bought by
Troudt Investments Llc
Seller's Agent
DYLAN WILLEY
COLDWELL BANKER SCHMIDT REALTORS
Buyer's Agent
TIFFANY BOWMAN
LOOK REALTY
List Price
$169,000
Sold Price
$146,000
Premium/Discount to List
-$23,000
-13.61%
Total Days on Market
8
Current Estimated Value
$176,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,400
Avg. Annual Appreciation
20.69%
Original Mortgage
$116,800
Outstanding Balance
$113,123
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$130,352

Purchase Details

Closed on
Mar 18, 2010
Bought by
Bell Tera

Range of Values:

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Average Value
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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
Troudt Investments Llc $146,000 Transnation Title Agency
Bell Tera $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Troudt Investments Llc $116,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2022 08/15/22 Sold $146,000 -13.6% $77 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
06/21/2022 06/21/22 For Sale $169,000 -- $89 / 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
2024 $28 $80,450 $0 $0
2023 $640 $64,000 $0 $0
2022 $2,971 $52,400 $0 $0
2021 $2,233 $54,700 $0 $0
2020 $2,186 $52,400 $0 $0
2019 $2,150 $47,650 $0 $0
2018 $2,086 $47,000 $0 $0
2017 $2,029 $46,900 $0 $0
2016 $1,962 $44,250 $0 $0
2015 -- $44,250 $0 $0
2014 -- $46,250 $0 $0
2012 -- $44,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Upper Peninsula Association of REALTORS®

MLS Number: 50079428

Upper Peninsula Association of REALTORS®

APN: 52-51-105-008-00