NOT LISTED FOR SALE

410 E Ridge St Marquette, MI 49855

Estimated Value: $1,345,565

12 Beds
10 Baths
8,640 Sq Ft
$156/Sq Ft Est. Value

Sale Details

Date Sold: January 27, 2025

Last sale price $1,250,000 $145 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $8,454 / mo

355 Days on Market

Highlights

  • 0.9 Acre Lot
  • Wooded Lot
  • Community Wi-Fi
  • Graveraet Elementary School Rated A-
  • Wood Flooring
  • 2.5 Car Detached Garage

About This Home

As of January 2025

One of Marquette's finest 19th Century homes, built for the Daniel H. Merritt Family. Mr. Merritt was a pioneer industrialist of Michigan's Upper Peninsula and this home mirrors his successful career. Originally built as a single family home, it later evolved into 10 amazing apartments. You will be only the fourth owner. Various records show the home being built between 1880-1886. Described as Italianate in design with Second Empire overtones. Built with locally quarried sandstone having gorgeous hues of maroon and fawn colored swirls. I love to imagine all of the craftsmen that built this jewel. The interior is equally fabulous. You will appreciate the extensive walnut and cherry woods. How many homes have an observatory and ornamental ironwork? Ornate balusters and newel posts, hardwood mosaic floors, molded trim and corner blocks, and brass hardware. The current owners want someone who will appreciate this special home and continue caring for it! They have a deep love of the building, family and long-time tenants. The backyard goes down the ridge to Lakeshore Blvd. There were two other structures there long ago. The tax ID shows zoning as multi family; you could return it to a splendid single family, change the floor plans and units, and live there too. The frontage on Lakeshore show MDW District on Marquette City maps; rare possibilities. Don't do anything, and be assured of nothing being built to destroy this view of the Lower Harbor & Lake Superior, or add to it. What about an infinity edge pool, tennis, or a glass home that continues down the bluff? Maybe add to your community - seller has older plans to develop along Lakeshore Blvd. The lot is just shy of 1 acre, has parking for 20 vehicles, and a 2.5 car detached garage. One thing for sure, we cannot make more land or locations like this one! Maybe you want to start fresh and have been waiting for an opportunity just like this. Is this your vacation spot, investment, family compound? Check out the city events calendar and see all that happens in the Lower Harbor each year. This is a very active Arts community. Is this you? Grab a slip at the marina; you can see your vessel from your house! Do you know about our trail systems? You can use them all year. Still, the nostalgia exists on East Ridge Street. Talk about fun neighbors too. I can personally tell you that you're in great company! You will want to decorate your home for the Holidays! You will have deer in your city yard - a really Big Buck frequents the ridge. Who needs TV? You have the best views out most windows. You undeniably have THE BEST covered verandas in the entire city. 410 E Ridge St. has been particularly well preserved. It's among the most architecturally significant homes in Marquette.

Last Agent to Sell the Property

Sue Petschke

RE/MAX 1ST REALTY License #UPAR Listed on: 11/12/2023

RE/MAX 1ST REALTY

Last Buyer's Agent

David Mingay

RE/MAX 1ST REALTY License #UPAR

RE/MAX 1ST REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1883

Lot Details

  • 39,204 Sq Ft Lot
  • Cleared Lot
  • Wooded Lot
  • Historic Home

Home Design

  • Wood Siding
  • Steel Siding
  • Stone Siding
  • Cedar

Interior Spaces

  • Ceiling height of 9 feet or more
  • Wood Burning Fireplace
  • Bay Window
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Brick Basement
  • Stone Basement
  • Basement Window Egress

Parking

  • 2.5 Car Detached Garage
  • Garage Door Opener
  • Off-Street Parking
  • Unassigned Parking

Location

  • Property is near a Great Lake

Utilities

  • Zoned Heating
  • Radiator
  • Baseboard Heating
  • Hot Water Heating System
  • Boiler Heating System
  • Radiant Heating System
  • Separate Meters
  • Gas Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 52-52-001-701-40

Community Details

Overview

  • 10 Units
  • Historic District Of Marquette Subdivision

Amenities

  • Laundry Facilities
  • Community Wi-Fi

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15

Year Built

Built in 1883

Lot Details

0.9 Acres

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type: Historic, Investment
  • Type Of Property: Multi-Family
  • Structure Style: More Than 2 Stories
  • Flood Insurance: Not Required
  • Total Tax Amount: 15843.31
  • Year Built: 1883
  • Mail City: Marquette
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 9 Ft + Ceilings, Bay Window, Cable/Internet Avail., Hardwood Floors
  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplace Features: Insert, Natural Fireplace, Wood Burning, Decorative Fireplace
  • Basement: Yes
  • Basement Type: Egress/Daylight Windows, Full, Outside Entrance, Walk Out, Brick, Stone, Exposed Basement
  • Bedrooms: 12
  • Full Bathrooms: 10
  • Total Bathrooms: 10
  • Source of Sq Ft: Estimated

Exterior Features

  • Construction: Cedar, Stone, Wood, Steel
  • Lake Name: Lake Superior
  • Water Features: Water View, Great Lake
  • Foundation Type: Basement
  • Roads: City/County, Paved Street, Year Round

Garage/Parking

  • Garage Type: Detached Garage, Gar Door Opener, Off Street
  • Garage Spaces: 2.5
  • Parking: 3 Or More Spaces, Unassigned/General, Paved Driveway

Utilities

  • Water: Public Water
  • Water Heater: Electric, Gas
  • Fuel Type: Electric, Natural Gas
  • Heating System: Baseboard, Boiler, Electric Heat, Hot Water, Radiant, Radiator, Zoned Heating
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public At Street

Condo/Co-op/Association

  • Community Amenities: Laundry Facility, Sidewalks, Street Lights, Pets-Not Allowed, Wi-Fi Available

Lot Info

  • Assessor Parcel Number: 52-52-001-701-40
  • Location: Main Street
  • Lot Dimensions: 165x235 irr
  • Acreage: 0.9
  • Lot Description: Deep Lot - 150+ Ft., Cleared, Wooded
  • Zoning: Multi-Family, Other
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Lawn Maintenance, Gas, Snow Removal, Taxes, Trash Removal, Water/Sewer
  • Lease Information: Long Term, No Pets Allowed, Gas Included, Security Deposit, Water Included

Tax Info

  • Summer Tax: Year: 2023, Amount: $15,225.50
  • Winter Tax: Year: 2022, Amount: $617.81
  • Total Tax: Amount: $15,843.31

Multi Family

  • Total Units: 10

MLS Schools

  • School District: Marquette Area School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2023
Closed on
Jan 27, 2025
Sold by
Dennis And Lisa Mccowen Trust and Mccowen Dennis L
Bought by
Eric K And Sarah A Jorgensen Trust and Jorgensen
Seller's Agent
Sue Petschke
RE/MAX 1ST REALTY
Buyer's Agent
David Mingay
RE/MAX 1ST REALTY
List Price
$1,800,000
Sold Price
$1,250,000
Premium/Discount to List
-$550,000
-30.56%
Views
1356
Current Estimated Value
$1,345,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,565
Avg. Annual Appreciation
6.22%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Eric K And Sarah A Jorgensen Trust $1,250,000 Transnation Title Agency
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2025 01/27/25 Sold $1,250,000 -10.4% $145 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
10/14/2024 10/14/24 Price Changed $1,395,000 -7.0% $161 / Sq Ft
06/22/2024 06/22/24 Price Changed $1,499,900 -11.2% $174 / Sq Ft
03/07/2024 03/07/24 Price Changed $1,690,000 -6.1% $196 / Sq Ft
11/12/2023 11/12/23 For Sale $1,800,000 -- $208 / Sq Ft
Source: Upper Peninsula Association of REALTORS®

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 $16,427 $488,400 $0 $0
2024 $160 $458,200 $0 $0
2023 $15,226 $415,500 $0 $0
2022 $14,741 $387,202 $0 $0
2021 $13,020 $380,800 $0 $0
2020 $12,840 $387,202 $0 $0
2019 $13,184 $330,600 $0 $0
2018 $12,357 $355,400 $0 $0
2017 $558 $338,900 $0 $0
2016 $12,537 $366,100 $0 $0
2015 -- $366,100 $0 $0
2014 -- $366,000 $0 $0
2012 -- $360,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50127675

Upper Peninsula Association of REALTORS®

APN: 52-52-001-701-40

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