NOT LISTED FOR SALE

401 E Ludington Ave Ludington, MI 49431

Estimated Value: $322,000 - $410,000

4 Beds
4.5 Baths
3,000 Sq Ft
$126/Sq Ft Est. Value

Last Sold February 24, 2020

Last sale price $111,500 $37 Per Sq Ft

Est. 240% increase in value since last sale

Current estimated payment $2,587/month

60 Days on Market

Highlights

  • Victorian Architecture
  • Corner Lot: Yes
  • Hot Water Heating System
  • Ludington High School Rated 9+
  • Storm Windows
  • Heating System Uses Steam

About This Home

As of February 2020

How to describe this Historic Home? Let's start with the majestic stature, steeped in history from the late 1800's and ready for the new owner to step in so the history can move into the future! This sprawling home features original woodwork, charming living room with fireplace, a gracious formal dining room, grand main staircase, main floor parlor/bedroom and a private solarium off the upper master suite. Simply Enchanting! This home has room for the new owner to muster the former elegance of this stately home from the ground up, to restore the original grandeur. It has the bones, and the location is on busy Ludington Ave in an area of very high visibility, B&B's and businesses.Awesome potential! A not to miss opportunity. This is a Fannie Mae Homepath Property.

Last Agent to Sell the Property

Sue Louiselle

Coldwell Banker Schmidt-TC License #6502398935 Listed on: 12/08/2019

Last Buyer's Agent

Sue Louiselle

Coldwell Banker Schmidt-TC License #6502398935 Listed on: 12/08/2019

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1890

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 100x100
  • Corner Lot: Yes

Home Design

  • Victorian Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Basement Fills Entire Space Under The House
  • Storm Windows
  • Laundry on main level

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Heating System Uses Steam

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Victorian
  • Stories: 2
  • Year Built: 1890
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 100x100
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 3000.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 6114.0
  • Tax Info:Zoning3: res
  • Waterfront Options:Water Access YN: No
  • Roofing:Composition: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 1.0
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • General Property Info:Fireplace: Yes
  • Heat Type:Hot Water: Yes
  • Sale Conditions:REOBank Owned: Yes
  • Windows:Storms: Yes
  • Heat Type:Steam: Yes
  • General Property Info:SqFt Above Grade: 3000.0
  • General Property Info Garage YN: No
  • Architectural Style Victorian: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Basement: Full
  • LivingArea: 3000.0
  • Window Features: Storms
  • General Property Info:Stories2: 2.0
  • Fireplace:Wood Burning: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 129900.0
  • Lot Features: Corner Lot
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Garage: No

Utilities

  • Heating: Hot Water, Steam
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Dimensions: 100x100
  • Lot Size Sq Ft: 10000.0
  • Zoning Description: res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6114.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2019
Sold by
Unknown
Bought by
Federal National Mortgage Association
Current Estimated Value
$378,649

Purchase Details

Closed on
May 17, 2016
Sold by
Miller Earl and Miller Charlene M
Bought by
Miller Earl

Purchase Details

Closed on
Sep 12, 2003
Sold by
Leitelt John W and Leitelt Marilyn
Bought by
Miller Charlene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 16, 2000
Sold by
County Of Mason
Bought by
American National Red Cross

Purchase Details

Closed on
Feb 2, 2000
Sold by
American National Red Cross
Bought by
Leitelt John W and Leitelt Marilyn
Source: Public Records

Range of Values:

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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
Federal National Mortgage Association -- --
Miller Earl -- None Available
Miller Charlene M $162,000 Metropolitan Title Company
Miller Charlene M $162,000 --
American National Red Cross -- --
Leitelt John W $103,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miller Charlene M $129,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2020 02/24/20 Sold $111,500 -38.0% $37 / Sq Ft
02/06/2020 02/06/20 Pending -- -- --
12/08/2019 12/08/19 For Sale $179,900 -- $60 / Sq Ft
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 $7,213 $189,100 $189,100 $0
2024 -- $166,300 $166,300 $0
2023 -- $142,900 $142,900 $0
2022 -- $117,100 $0 $0
2021 $646 $106,400 $0 $0
2020 $646 $104,300 $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2015 -- -- $0 $0
2013 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 19057401

MichRIC

APN: 051-210-007-00