NOT LISTED FOR SALE

400 Maple St Manistee, MI 49660

Estimated Value: $198,801 - $253,000

-- Bed
-- Bath
-- Sq Ft
0.26 Acres

Last Sold January 27, 2022

Last sale price $158,000

Est. 44% increase in value since last sale

Current estimated payment $1,581/month

66 Days on Market

Highlights

  • Cooling Available
  • Forced Air Heating System
  • High Speed Internet
  • Property is near a preserve or public land

About This Home

As of January 2022

Investment opportunity. Well cared for Triplex with Garage on large corner lot, large bedrooms, hardwood flooring throughout, full bathrooms, separated gas within walking distance to downtown and beaches. Upper unit is vacant and move in ready. Live in upper unit and rent out rest. Possible vacation rental.


Seller is a License Realtor in state of Michigan

Last Agent to Sell the Property

Alan Pierce

Dwelling Realty - KW Northern Michigan License #6501435529 Listed on: 12/17/2021

Last Buyer's Agent

Michael Kruse

Essential Real Estate License #6501404936

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,650

Year Built

  • Built in 1900

Lot Details

  • 0.26

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Wall Furnace
  • Window Unit Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Natural lighting in basement
  • 0.26 Acre Lot

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water, sewer

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Property is near a preserve or public land

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $150
  • Operating Expense $4,305
  • Gross Income $27,300
  • Net Operating Income $22,995

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,650

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

Interior Features

  • Basement: Daylight

Exterior Features

  • List Price: 179900.0
  • Lot Features: Adj to Public Land, Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Wall Furnace, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Size Sq Ft: 11406.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Gas

Multi Family

  • Gross Income: 27300.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 150.0
  • Net Operating Income: 22995.0
  • Number of Units Total: 3
  • Operating Expense: 4305.0

Tax Info

  • Tax Annual Amount: 2650.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2021
Closed on
Jan 27, 2022
Sold by
Divine Rental Properties Llc
Bought by
Charles Owens Holdings Llc
Seller's Agent
Alan Pierce
Dwelling Realty - KW Northern Michigan
Buyer's Agent
Michael Kruse
Essential Real Estate
List Price
$179,900
Sold Price
$158,000
Premium/Discount to List
-$21,900
-12.17%
Total Days on Market
66
Current Estimated Value
$227,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,200
Avg. Annual Appreciation
11.35%

Purchase Details

Listed on
Jul 25, 2016
Closed on
Mar 23, 2017
Sold by
Marbach Properties Llc
Bought by
Divine Rental Properties Llc
Seller's Agent
Nicole Smith
West Shore Rental Management
Buyer's Agent
Brenda Cronan
Coldwell Banker ALM REALTY
List Price
$96,000
Sold Price
$90,000
Premium/Discount to List
-$6,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.30%

Purchase Details

Closed on
Aug 1, 2008
Bought by
Marbach Properties Llc
Source: Public Records

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
Charles Owens Holdings Llc $158,000 --
Divine Rental Properties Llc $90,000 --
Marbach Properties Llc $84,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2022 01/27/22 Sold $158,000 -12.2% --
10/15/2021 10/15/21 For Sale $179,900 +99.9% --
03/23/2017 03/23/17 Sold $90,000 -6.3% --
12/19/2016 12/19/16 Pending -- -- --
07/25/2016 07/25/16 For Sale $96,000 -- --
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 $4,500 $103,000 $0 $0
2024 $2,534 $92,500 $0 $0
2023 $2,439 $68,500 $0 $0
2022 $3,412 $64,100 $64,100 $0
2021 $3,318 $60,000 $60,000 $0
2020 $3,139 $60,800 $60,800 $0
2019 $3,098 $56,200 $56,200 $0
2018 $3,036 $50,700 $50,700 $0
2017 $2,653 $46,300 $46,300 $0
2016 $1,588 $47,800 $47,800 $0
2015 -- $46,200 $46,200 $0
2014 -- $43,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21111111

Southwestern Michigan Association of REALTORS®

APN: 51-374-737-01