NOT LISTED FOR SALE

354 1st St Manistee, MI 49660

Estimated Value: $356,000 - $434,000

Studio
-- Bath
-- Sq Ft
9,583 Sq Ft Lot

Last Sold August 27, 2013

Last sale price $25,000

Est. 1,454% increase in value since last sale

Current estimated payment $2,523/month

105 Days on Market

About This Home

As of August 2013

City of Manistee, 2 unit home, needs major repairs and does not qualify for financing. PROPERTY BEING SOLD SUBJECT TO 24 CFR.206.125 AND ONLY FULL PRICE OFFERS WILL BE ACCEPTED. THESE PROPERTIES ARE NOT INCLUDED IN THE HOMEPATH PROGRAM AND DOES NOT QUALIFY FOR ANY HOMEPATH FINANCING. ALL OFFERS SUBMITTED WILL NOT BE ADDRESSED UNTIL THE PROPERTY HAS BEEN LISTED IN MLS FOR 3 DAYS. Cash Only

Last Agent to Sell the Property

Sherri Gradisher

Shoreline Properties of WM LLC License #6502364716 Listed on: 04/30/2013

Last Buyer's Agent

Jermaine Sullivan

Dwelling Realty - KW Northern Michigan License #6501365101

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1890

Lot Details

  • 9,583

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Shingle Siding

Additional Features

  • 9,583 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, water, trash collection, sewer, gas

Property Details

Home Type

Apartment

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Shingle Siding
  • List Price: 25000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: None
  • Heating: No
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Size Sq Ft: 9583.0

Rental Info

  • Tenant Pays: Electricity, Water, Trash Collection, Sewer, Gas

Tax Info

  • Tax Annual Amount: 2374.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2013
Closed on
Oct 18, 2013
Sold by
Beach John Douglas Jr
Bought by
Renaisance Painting Plus & Prop Mg
Seller's Agent
Sherri Gradisher
Shoreline Properties of WM LLC
Buyer's Agent
Jermaine Sullivan
Dwelling Realty - KW Northern Michigan
List Price
$26,500
Sold Price
$25,000
Premium/Discount to List
-$1,500
-5.66%
Current Estimated Value
$388,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,552
Avg. Annual Appreciation
24.76%

Purchase Details

Listed on
Apr 30, 2013
Closed on
Aug 21, 2013
Sold by
Fannie Mae
Bought by
Beach John D Jr
Seller's Agent
Sherri Gradisher
Shoreline Properties of WM LLC
Buyer's Agent
Jermaine Sullivan
Dwelling Realty - KW Northern Michigan
List Price
$26,500
Sold Price
$25,000
Premium/Discount to List
-$1,500
-5.66%

Purchase Details

Closed on
Oct 27, 2011
Sold by
Financial Freedom Acquisition Llc
Bought by
Fannie Mae

Purchase Details

Closed on
Oct 20, 2011
Sold by
Clark Dorothy C
Bought by
Financial Freedom Acquisition Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Renaisance Painting Plus & Prop Mg -- --
Beach John D Jr $30,000 --
Fannie Mae -- --
Financial Freedom Acquisition Llc $116,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2013 08/27/13 Sold $25,000 -5.7% --
08/13/2013 08/13/13 Pending -- -- --
04/30/2013 04/30/13 For Sale $26,500 -- --
Source: MichRIC

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 $6,126 $208,200 $0 $0
2024 $36 $124,800 $0 $0
2023 $2,301 $75,100 $0 $0
2022 $3,791 $62,800 $62,800 $0
2021 $3,686 $59,600 $59,600 $0
2020 $2,309 $52,300 $52,300 $0
2019 $2,562 $48,900 $48,900 $0
2018 $2,445 $44,900 $44,900 $0
2017 $2,187 $38,500 $38,500 $0
2016 $1,309 $38,400 $38,400 $0
2015 -- $36,100 $36,100 $0
2014 -- $21,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sherri Gradisher

    Seller's Agent in 2013

    Sherri Gradisher

    Shoreline Properties of WM LLC

    (231) 750-2928

    23 Total Sales

    Sherri Gradisher
    Section Image
  • Jermaine Sullivan

    Buyer's Agent in 2013

    Jermaine Sullivan

    Dwelling Realty - KW Northern Michigan

    (231) 425-6935

    75 in this area

    151 Total Sales

    Jermaine Sullivan
    Section Image
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Map

Source: MichRIC

MLS Number: 13022546

MichRIC

APN: 51-448-724-09

Michigan Manistee County Manistee 49660

354 1st St, Manistee, MI

Not Listed for Sale

MultiFamily

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