NOT LISTED FOR SALE

405 S Madison St Ludington, MI 49431

Estimated Value: $152,000 - $208,000

-- Bed
-- Bath
-- Sq Ft
8,276 Sq Ft Lot

Last Sold April 27, 2017

Last sale price $68,000

Est. 169% increase in value since last sale

Current estimated payment $1,264/month

32 Days on Market

About This Home

As of April 2017

SERIOUS BUYERS ONLY! 2 unit in City of Ludington with current income of $1030.00. Both units are 2 bedrooms, tenant pays all utilities but water. Vinyl siding, most windows have been updated, roof is about 5 yrs old. This 2 unit has been owned by the same owner since 1987 and has been proven to be a great investment. Seller will be selling with the current tenants and will not be vacating property prior to closing. Tenants go with the sale. Seller will not be paying for title insurance. Buyer to verify information to be accurate. City inspection passing on file with listing agent

Last Agent to Sell the Property

Lori Dickenson

LIGHTHOUSE REALTY-Ludington License #6501264017 Listed on: 03/02/2017

Last Buyer's Agent

Sean McDonald

Homewaters, LLC License #6â00B5â00B0â00B1â00B3â00B0â00B2â00B0â00B9â00B7

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,534

Year Built

  • Built in 1901

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 70x120

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 2 Parking Spaces
  • Unpaved Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,534

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1901
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 70x120
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1534.05
  • Tax Info:Zoning3: R2A
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Substructure:Partial: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Crawl Space: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • List Price: 69900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8276.0
  • Zoning Description: R2A
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1534.05
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2024
Sold by
Liebich James Andrew and Earle John
Bought by
J2k2 Properties Llc
Current Estimated Value
$183,119

Purchase Details

Closed on
Jan 27, 2023
Sold by
405 South Madison Street Llc
Bought by
Liebich James Andrew and Earle John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2018
Sold by
Adam Jason and Adam Jamie
Bought by
45 South Madison St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1
Interest Rate
4.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Mar 2, 2017
Closed on
Apr 27, 2017
Sold by
Five Year Llc
Bought by
Adam Jason A and Adam Jamie M
Seller's Agent
Lori Dickenson
LIGHTHOUSE REALTY-Ludington
Buyer's Agent
Sean McDonald
Homewaters, LLC
List Price
$69,900
Sold Price
$68,000
Premium/Discount to List
-$1,900
-2.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.69%

Purchase Details

Closed on
Oct 1, 1987
Sold by
Mortensen Wayne and Mortensen Jeanie
Bought by
Mannikko Debra
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
J2k2 Properties Llc -- None Listed On Document
Liebich James Andrew $170,000 Lakeshore Land Title
45 South Madison St Llc -- --
Adam Jason A -- Lighthouse Title Inc
Mannikko Debra $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J2k2 Properties Llc $152,750
Previous Owner Liebich James Andrew $102,000
Previous Owner 405 South Madison St Llc $1
Closed Adam Jason A $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2017 04/27/17 Sold $68,000 -2.7% --
04/03/2017 04/03/17 Pending -- -- --
03/02/2017 03/02/17 For Sale $69,900 -- --
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 $3,196 $57,300 $57,300 $0
2024 -- $53,700 $53,700 $0
2023 -- $47,600 $47,600 $0
2022 -- $44,800 $0 $0
2021 -- $42,800 $0 $0
2020 $1,856 $36,100 $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

  • L

    Seller's Agent in 2017

    Lori Dickenson

    LIGHTHOUSE REALTY-Ludington

    Section Image

  • S

    Buyer's Agent in 2017

    Sean McDonald

    Homewaters, LLC

    (231) 510-2072

    3 in this area

    64 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17003493

Southwestern Michigan Association of REALTORS®

APN: 051-333-009-00

Michigan Mason County Ludington 49431

405 S Madison St, Ludington, MI

This home is located at 405 S Madison St, Ludington, MI 49431 since 02 March 2017 and is currently estimated at $183,119. This property was built in 1901. 405 S Madison St is a home located in Mason County with nearby schools including Ludington Elementary School, Lakeview Elementary School, and O.J. DeJonge Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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