NOT LISTED FOR SALE

389 7th St Manistee, MI 49660

Estimated Value: $214,000 - $229,000

Studio
-- Bath
-- Sq Ft
6,098 Sq Ft

Last Sold July 17, 2020

Last sale price $103,000

Est. 116% increase in value since last sale

Current estimated payment $1,330/month

30 Days on Market

About This Home

As of July 2020

Investment Opportunities like this one don't last. Duplex just off Maple Street across from the Elementary school & playground offers a perfect rental inventory investment.1st floor has 2 bedrooms & upper is a 1 Bedroom unit. Both apts have great renters with leases & they want to stay. Current owner has done many updates. Furnace 2019, Deck update 2018, Water Meters & Hot water heaters 2017. Upper 1 Bedroom unit was completely redone in 2017 with flooring, paint, bathroom fixtures & appliances. 1st Floor new range, DW and paint in 2017. Residents pay all their own utilities. The furnace services both units & is split 2/3 bill for lower & 1/3 for upper. Off street parking, large deck off sliders in 1st floor Kitchen & large back yard with garden shed. Great Investment property.

Last Agent to Sell the Property

Virginia Pelton

CENTURY 21 Northland License #6501323236 Listed on: 06/02/2020

CENTURY 21 Northland

Last Buyer's Agent

Randall Zakrajsek

RE/MAX Bayshore Manistee License #6506047335

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1910

Lot Details

  • 5,900 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Year Built

Built in 1910

Lot Details

5,900 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 114000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 5900.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3147.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2020
Closed on
Jul 17, 2020
Sold by
Constance Riopelle
Bought by
Lucas Richardson
Seller's Agent
Virginia Pelton
CENTURY 21 Northland
Buyer's Agent
Randall Zakrajsek
RE/MAX Bayshore Manistee
List Price
$114,000
Sold Price
$103,000
Premium/Discount to List
-$11,000
-9.65%
Current Estimated Value
$222,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,792
Avg. Annual Appreciation
14.80%

Purchase Details

Listed on
Apr 7, 2017
Closed on
May 16, 2017
Sold by
Swenson John H
Bought by
Lucas Richardson
Seller's Agent
Meagan Kempf
RE/MAX Bayshore Manistee
Buyer's Agent
Virginia Pelton
CENTURY 21 Northland
List Price
$69,900
Sold Price
$72,900
Premium/Discount to List
$3,000
4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.52%

Purchase Details

Closed on
Sep 1, 2009
Sold by
Tobey Nanci L
Bought by
Swenson John H & Nanci L Trust

Purchase Details

Closed on
Oct 10, 1996
Sold by
Tobey Nanci L

Purchase Details

Closed on
Aug 1, 1995
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
Lucas Richardson $103,000 --
Lucas Richardson $72,900 --
Swenson John H & Nanci L Trust -- --
-- -- --
-- $62,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/17/2020 07/17/20 Sold $103,000 -9.6% --
07/02/2020 07/02/20 Pending -- -- --
06/02/2020 06/02/20 For Sale $114,000 +56.4% --
05/16/2017 05/16/17 Sold $72,900 +4.3% -- View Prior Sale
04/27/2017 04/27/17 Pending -- -- --
04/07/2017 04/07/17 For Sale $69,900 -- --
Source: MichRIC

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 $2,188 $92,700 $0 $0
2024 $21 $93,800 $0 $0
2023 $2,058 $69,700 $0 $0
2022 $2,389 $58,500 $58,500 $0
2021 $2,330 $53,300 $53,300 $0
2020 $2,211 $59,800 $59,800 $0
2019 $3,147 $56,100 $56,100 $0
2018 $3,084 $51,500 $51,500 $0
2017 $2,721 $49,200 $49,200 $0
2016 $1,629 $50,700 $50,700 $0
2015 -- $49,100 $49,100 $0
2014 -- $45,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 20006840

MichRIC

APN: 51-647-720-17

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