NOT LISTED FOR SALE

414 Cleveland Ave Unit 1,2,3,4 Ishpeming, MI 49849

Estimated Value: $120,000 - $165,000

4 Beds
4 Baths
1,689 Sq Ft
$86/Sq Ft Est. Value

Last Sold November 03, 2020

Last sale price $60,000 $36 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $767/month

12 Days on Market

About This Home

As of November 2020

This Multifamily Fourplex is a great income investment located in the City of Ishpeming near the Highschool. It has had some of the major updates, where the basement has been reinforced and made structurally sound, the four furnaces and hot water heaters are between 7-8 years old, the electrical and plumbing has been updated, newer windows in unit 4, the stairs are being repaired currently, and a metal roof on the front units. The lot next door is included in the sale and provides a nice yard and ample parking. It is in need of some TLC, but you have a great start and the current owner is having units cleaned and painted currently as well. Each unit comes with a stove and refrigerator.

Last Agent to Sell the Property

MARCIA WILSON

KELLER WILLIAMS FIRST UP License #UPAR-6501423180 Listed on: 09/15/2020

KELLER WILLIAMS FIRST UP

Last Buyer's Agent

MARCIA WILSON

KELLER WILLIAMS FIRST UP License #UPAR-6501423180 Listed on: 09/15/2020

KELLER WILLIAMS FIRST UP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13

Year Built

  • Built in 1965

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30 x 100

Home Design

  • Brick Exterior Construction
  • Cedar

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Utilities

  • Hot Water Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 52-51-300-066-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1965
  • Mail City: Ishpeming
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Estimated Sq Ft: 1689

Exterior Features

  • Construction: Brick, Cedar
  • Roads: City/County

Utilities

  • Water: Public Water
  • Fuel Type: Electric, Natural Gas
  • Heating System: Hot Water
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 52-51-300-066-00
  • Lot Dimensions: 30 X 100
  • Acreage: 0.07
  • Geo Subdivision: MI

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Ishpeming Public School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2022
Sold by
Korsman John A and Korsman Mavis S
Bought by
Korsman Rentals Llc
Current Estimated Value
$144,903

Purchase Details

Closed on
Nov 16, 2021
Sold by
Korsman Rentals Llc
Bought by
Korsman John A and Korsman Mavis S

Purchase Details

Listed on
Sep 15, 2020
Closed on
Nov 3, 2020
Sold by
Pond House Properties Inc
Bought by
Korsman Rentals Llc
Seller's Agent
MARCIA WILSON
KELLER WILLIAMS FIRST UP
Buyer's Agent
MARCIA WILSON
KELLER WILLIAMS FIRST UP
List Price
$64,900
Sold Price
$60,000
Premium/Discount to List
-$4,900
-7.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.93%
Original Mortgage
$60,458
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 1993
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
Korsman Rentals Llc -- None Listed On Document
Korsman John A -- None Listed On Document
Korsman Rentals Llc $60,000 Odea Nordeen And Pickens Pc
-- $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Korsman John A $59,500
Previous Owner Korsman Rentals Llc $60,458
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2020 11/03/20 Sold $60,000 -7.6% $36 / Sq Ft
09/27/2020 09/27/20 Pending -- -- --
09/15/2020 09/15/20 For Sale $64,900 -- $38 / 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 $13 $42,800 $0 $0
2024 $13 $30,550 $0 $0
2023 $288 $29,500 $0 $0
2022 $1,751 $26,550 $0 $0
2021 $1,708 $26,550 $0 $0
2020 $1,439 $26,550 $0 $0
2019 $1,414 $24,100 $0 $0
2018 $1,375 $22,700 $0 $0
2017 $1,340 $22,900 $0 $0
2016 $1,305 $20,850 $0 $0
2015 -- $20,850 $0 $0
2014 -- $22,500 $0 $0
2012 -- $22,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    MARCIA WILSON

    KELLER WILLIAMS FIRST UP

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10072487

Upper Peninsula Association of REALTORS®

APN: 52-51-300-066-00

Michigan Marquette County Ishpeming 49849

414 Cleveland Ave Unit 1,2,3,4, Ishpeming, MI

This home is located at 414 Cleveland Ave Unit 1,2,3,4, Ishpeming, MI 49849 since 15 September 2020 and is currently estimated at $144,903, approximately $85 per square foot. This property was built in 1965. 414 Cleveland Ave Unit 1,2,3,4 is a home located in Marquette County with nearby schools including Birchview School, Ishpeming Middle School, and Ishpeming High School.

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Upper Peninsula Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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