Seller's Agent in 2021
Em Vincent
RE/MAX Michigan
(231) 887-4777
49 Total Sales
388 3rd St Manistee, MI 49660
Estimated Value: $208,469 - $256,000
--
Bed
--
Bath
--
Sq Ft
5,097
Sq Ft Lot
About This Home
As of August 2021Well-maintained 3 unit rental property in a great location. Rental income totals $2,050 a month. Close to all city amenities, downtown, beaches, riverwalk, stores. Located on a small lot for minimal yard maintenance. Property was a single-family home years ago, and was converted into 3 units (a 2 bedroom on the main level, and two 1 bedroom apartments upstairs). New roof in 2015. Many updates in the last 5-7 yrs including soffit, facia, painting, carpeting, linoleum, back deck and front porch. Added bonus, off street parking.
Occupy the lower larger unit and rent the others to pay your costs! Owner pays Water for all units, and Unit 3's energy bill (DTE). The water bill is about $75 and the gas bill for unit 3 is about $20. Units 2-3 pay their own gas. All Tenants pay their own electricity. This is a great investment opportunity for someone looking to expand their rental portfolio.
Last Agent to Sell the Property
RE/MAX Bayshore Manistee License #6501290063 Listed on: 07/15/2021
Last Buyer's Agent
Mary Ellen Vincent
Northern Lights Realty
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $2,154
Year Built
- Built in 1900
Lot Details
- 5,097
Parking
- 3 Parking Spaces
Home Design
- Composition Roof
Utilities
- No Cooling
- Forced Air Heating System
- Natural Gas Connected
- Cable TV Available
Community Details
- 3 Units
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for water, gas
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 15, 2021
Closed on
Aug 13, 2021
Sold by
Bottrell Noah
Bought by
Wilson Stuart Francisco
Seller's Agent
Em Vincent
RE/MAX Bayshore Manistee
Buyer's Agent
Em Vincent
RE/MAX Bayshore Manistee
List Price
$175,000
Sold Price
$175,000
Total Days on Market
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,367
Avg. Annual Appreciation
7.65%
Purchase Details
Listed on
Oct 18, 2019
Closed on
Dec 6, 2019
Sold by
Stanley Guenther
Bought by
Bottrell Noah
Seller's Agent
Emily Waddell
Coldwell Banker Schmidt-Cadillac
List Price
$129,900
Sold Price
$130,000
Premium/Discount to List
$100
0.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.87%
Purchase Details
Closed on
Mar 1, 1999
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wilson Stuart Francisco | $175,000 | -- | |
| Bottrell Noah | $130,000 | -- | |
| -- | $74,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/23/2021 08/23/21 | Sold | $175,000 | 0.0% | -- |
| 07/15/2021 07/15/21 | For Sale | $175,000 | +34.6% | -- |
| 12/06/2019 12/06/19 | Sold | $130,000 | +0.1% | $68 / Sq Ft |
| 12/05/2019 12/05/19 | Pending | -- | -- | -- |
| 10/18/2019 10/18/19 | For Sale | $129,900 | -- | $68 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $4,911 | $107,400 | $0 | $0 |
| 2024 | $2,765 | $90,500 | $0 | $0 |
| 2023 | $2,661 | $83,700 | $0 | $0 |
| 2022 | $4,385 | $71,200 | $71,200 | $0 |
| 2021 | $3,211 | $61,700 | $61,700 | $0 |
| 2020 | $3,038 | $51,200 | $51,200 | $0 |
| 2019 | $2,389 | $43,200 | $43,200 | $0 |
| 2018 | $2,341 | $39,900 | $39,900 | $0 |
| 2017 | $2,293 | $38,300 | $38,300 | $0 |
| 2016 | $1,399 | $38,700 | $38,700 | $0 |
| 2015 | -- | $37,000 | $37,000 | $0 |
| 2014 | -- | $43,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Em Vincent
-
M
Buyer's Agent in 2021
Mary Ellen Vincent
Northern Lights Realty
-
E
Seller's Agent in 2019
Emily Waddell
Coldwell Banker Schmidt-Cadillac
(231) 429-3922
44 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 21032448
APN: 51-574-712-06
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