NOT LISTED FOR SALE

400 S 10th St Escanaba, MI 49829

Estimated Value: $230,202

2 Beds
5 Baths
8,681 Sq Ft
$27/Sq Ft Est. Value

Last Sold March 21, 2024

Last sale price $200,500 $23 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,775/month

13 Days on Market

Highlights

  • 0.48 Acre Lot
  • Furnished
  • Workshop
  • Radiant Floor
  • Den
  • 4 Car Garage

About This Home

As of March 2024

Size and Potential for Expansion: With over 7500 square feet available, there is significant space for the aspiring or current landlord to potentially add 6 to 8 more rental units to their portfolio. This could be an attractive option for those interested in real estate investment. Alternative Uses: The property's adaptability is emphasized by suggesting alternative uses such as adult foster care or a daycare facility. This opens up possibilities for a wide range of buyers with different interests and business goals. Existing Rental Income: The mention of a two-story apartment already present above the business, which was recently rented out, indicates immediate income potential for a landlord looking to maintain or expand on existing rental opportunities. Commercial Zoning: Being located in a commercial area makes this property suitable for various business ventures. It could be an ideal location for someone looking to establish their own business or potentially convert the space for a specific commercial purpose. Conversion Potential: The building's adaptability is further highlighted by suggesting the potential for conversion into a very large single-family home. This could appeal to buyers looking for a unique residential property. Operational Business: It's clarified that while the building is for sale, the business itself will remain operational, providing continuity for the existing business while allowing the new owner the flexibility to decide its future location. Ample Parking: The inclusion of a huge parking lot is a practical feature that adds value, especially for potential tenants or clients visiting the business.

Last Agent to Sell the Property

CHRISTOPHER GESTWICKI

STATE WIDE REAL ESTATE OF ESCANABA License #UPAR-6501438357 Listed on: 01/30/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1900

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 150 x 140

Home Design

  • Fixer Upper
  • Frame Construction
  • Vinyl Siding
  • Vinyl Trim

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Bay Window
  • Entryway
  • Den
  • Workshop

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Radiant Floor
  • Linoleum

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Block Basement Construction

Parking

  • 4 Car Garage
  • Heated Garage
  • Workshop in Garage
  • Lighted Parking
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Boiler Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Internet Available

Additional Features

  • Wheelchair Access
  • Breezeway

Listing and Financial Details

  • Assessor Parcel Number 051-010-2930-480-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$5

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: RESIDENTIAL
  • Type: Apartment, Fixer-Upper, Investment
  • Type Of Property: Single Family
  • Architecture Style: Conventional Frame
  • Structure Style: More Than 2 Stories
  • Total Tax Amount: 5797.87
  • Total Tax Year: 2022
  • Year Built: 1900
  • Mail City: Escanaba
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Bay Window, Cable/Internet Avail., Walk-In Closet, Furnished
  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement: Block, Full, Outside Entrance
  • Bedrooms: 2
  • Bedroom 1: On 3rd Floor, Dimensions: 12 x 13
  • Bedroom 2: On 3rd Floor, Dimensions: 9 x 10
  • Bedroom 2 Floor Covering: Carpet
  • Full Bathrooms: 2
  • Total Bathrooms: 5
  • Bathroom 1: On Level: Second
  • Bathroom 2: Dimensions: 6 x 14, On Level: Third
  • Room Types: Breezeway, Den/Study/Lib, Entry, Second Floor Laundry, Utility/Laundry Room, Workshop, Basement Lavatory, First Flr Lavatory
  • Dining Room: On 2nd Floor, Dimensions: 15 x 15
  • Dining Room Floor Covering: Carpet
  • Family Room: On 2nd Floor, Dimensions: 16 x 20
  • Family Room Floor Covering: Carpet
  • Kitchen: On 2nd Floor, Dimensions: 13 x 13
  • Kitchen Floor Covering: Linoleum
  • Laundry: On 2nd Floor, Dimensions: 13 x 12
  • Laundry Room Floor Covering: Linoleum
  • Library Den: On 3rd Floor, Dimensions: 14 x 17
  • Library Den Floor Covering: Carpet
  • Living Room: On 2nd Floor, Dimensions: 14 x 17
  • Living Room Floor Covering: Carpet
  • Other Room1: Dimensions: 35x14, On Level: First, Flooring: Carpet
  • Below Grade Sq Ft: 1142
  • Finished Below Grade Sq Ft: 1142
  • Above Grade Finished Sq Ft: 7539
  • Total Finished Sq Ft: 8681
  • Half Bathrooms: 3

Exterior Features

  • Exterior: Vinyl Siding, Vinyl Trim
  • Exterior Features: Wheelchair Access, Sidewalks, Street Lights
  • Foundation: Basement
  • Frontage: 150
  • Road: City/County, Curbed, Year Round
  • Out Buildings: Garage(s)

Garage/Parking

  • Garage: Attached Garage, Electric in Garage, Gar Door Opener, Heated Garage, Workshop
  • Garage Spaces: 4
  • Parking: 3 or More Spaces, Garage, Lighted, Paved Driveway
  • Garage: Yes

Utilities

  • Heating: Boiler, Floor Furnace, Forced Air, Radiant Floor
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water
  • Water Heater: Gas
  • Cooling: Ceiling Fan(s), Central A/C, Wall/Window A/C

Lot Info

  • Assessor Parcel Number: 051-010-2930-480-011
  • Zoning: Commercial, Mixed Use, Multi-Family, Residential, Office
  • Lot Dimensions: 150 x 140
  • Acreage: 0.48
  • Geo Subdivision: MI
  • Site/Lot Features: Main Street, Sidewalks, City Limits

Tax Info

  • Summer Tax: Year: 2022, Amount: $3,028.00
  • Winter Tax: Year: 2022, Amount: $2,769.87
  • Total Tax: Year: 2022, Amount: $5,797.87

MLS Schools

  • School District: Escanaba Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2024
Closed on
Mar 21, 2024
Sold by
Coolman Properties Llc
Bought by
Rnr Limited Llc
Seller's Agent
CHRISTOPHER GESTWICKI
STATE WIDE REAL ESTATE OF ESCANABA
List Price
$234,900
Sold Price
$200,500
Premium/Discount to List
-$34,400
-14.64%
Views
98
Current Estimated Value
$230,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,702

Purchase Details

Closed on
Sep 28, 2007
Sold by
Zerbel Thomas and Zerbel Chris A
Bought by
Coolman Properties L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$802,000
Interest Rate
6.49%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 2, 1999
Bought by
Zerbel Thomas
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
Rnr Limited Llc $200,500 --
Coolman Properties L L C -- --
Coolman $228,000 --
Zerbel Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coolman Properties L L C $557,631
Previous Owner Coolman $802,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2024 03/21/24 Sold $200,500 -14.6% $23 / Sq Ft
02/12/2024 02/12/24 Pending -- -- --
01/30/2024 01/30/24 For Sale $234,900 -- $27 / 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
2025 $6,278 $133,500 $0 $0
2024 $3,336 $111,600 $0 $0
2023 $3,180 $103,200 $0 $0
2022 $5,798 $108,000 $0 $0
2021 $5,596 $103,600 $0 $0
2020 $5,535 $91,400 $0 $0
2019 $5,634 $99,900 $0 $0
2018 $5,502 $91,700 $0 $0
2017 $2,815 $90,262 $0 $0
2016 $5,458 $91,706 $0 $0
2014 $2,783 $93,153 $0 $0
2013 $2,783 $90,836 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50132390

Upper Peninsula Association of REALTORS®

APN: 210510102930480011