NOT LISTED FOR SALE

420 N Rath Ave Ludington, MI 49431

Estimated Value: $276,405 - $292,000

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

Last Sold March 25, 2024

Last sale price $257,000

Est. 10% increase in value since last sale

Current estimated payment $1,704/month

78 Days on Market

Highlights

  • 2 Fireplaces
  • Window Unit Cooling System
  • Forced Air Heating System
  • Ludington High School Rated 9+

About This Home

As of March 2024

3 unit rental close to downtown Ludington. The single unit (111 Fitch) has been recently remodeled and is a 3 bedroom/2 full bath stand alone unit. The 2 unit house is one down, one up. Both are 2 bedroom/1 bath. All 3 unit have in unit laundry. The yard is shared by all units. Off street parking provided. Long term tenants. Great history of rental.

Last Agent to Sell the Property

Random Messeder

LIGHTHOUSE REALTY-Ludington License #6501380117 Listed on: 11/02/2023

Last Buyer's Agent

Nathan Sheldon

LIGHTHOUSE REALTY-Ludington License #6501397921

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,453

Year Built

  • Built in 1890

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 60 x 140

Home Design

  • Composition Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2 Fireplaces
  • Partial Basement

Parking

  • 3 Parking Spaces
  • Unpaved Driveway

Location

  • Mineral Rights Excluded

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Individual Gas Meter
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,453

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 60 x 140
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2453.0
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 2.0
  • 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
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Mineral Rights:No: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Roofing:Metal: Yes
  • Extras:Sep Gas Meter: Yes
  • Driveway:Shared Unpaved: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Basement: Partial
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 269900.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition, Metal
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Dimensions: 60 x 140
  • Lot Size Sq Ft: 8276.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2453.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2011
Closed on
Jul 13, 2012
Sold by
Ingle William Lawrence
Bought by
Fisher Mark
Seller's Agent
Doug Shoup
Coolman-Anderson Realty, Inc.
Buyer's Agent
Doug Shoup
Coolman-Anderson Realty, Inc.
List Price
$99,000
Sold Price
$65,000
Premium/Discount to List
-$34,000
-34.34%
Current Estimated Value
$283,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,101
Avg. Annual Appreciation
11.73%

Purchase Details

Closed on
Sep 15, 2000
Sold by
Craymer Austin G and Craymer Mary A
Bought by
Ingle William L and Ingle Jody

Purchase Details

Closed on
Jul 1, 1990
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
Fisher Mark -- None Available
Ingle William L -- --
-- $72,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Fisher Mark $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/25/2024 03/25/24 Sold $257,000 -4.8% --
01/07/2024 01/07/24 Price Changed $269,900 -5.3% --
11/02/2023 11/02/23 For Sale $284,900 +338.3% --
07/13/2012 07/13/12 Sold $65,000 -34.3% -- View Prior Sale
07/12/2012 07/12/12 Pending -- -- --
01/07/2011 01/07/11 For Sale $99,000 -- --
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 $2,434 $130,200 $130,200 $0
2024 -- $63,100 $63,100 $0
2023 -- $54,200 $54,200 $0
2022 -- $46,300 $0 $0
2021 -- $44,000 $0 $0
2020 -- -- $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

  • R

    Seller's Agent in 2024

    Random Messeder

    LIGHTHOUSE REALTY-Ludington

    (231) 425-8753

    49 in this area

    141 Total Sales

    Random Messeder
    Section Image
  • Nathan Sheldon

    Buyer's Agent in 2024

    Nathan Sheldon

    LIGHTHOUSE REALTY-Ludington

    (231) 690-0422

    36 in this area

    116 Total Sales

    Nathan Sheldon
    Section Image

  • D

    Seller's Agent in 2012

    Doug Shoup

    Coolman-Anderson Realty, Inc.

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23140787

Southwestern Michigan Association of REALTORS®

APN: 051-200-050-00

Michigan Mason County Ludington 49431

420 N Rath Ave, Ludington, MI

This home is located at 420 N Rath Ave, Ludington, MI 49431 since 02 November 2023 and is currently estimated at $283,101. This property was built in 1890. 420 N Rath Ave is a home located in Mason County with nearby schools including Ludington Elementary School, Franklin 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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