NOT LISTED FOR SALE

447 E Ludington Dr Farwell, MI 48622

Estimated Value: $139,778 - $182,000

5 Beds
2 Baths
1,848 Sq Ft
$88/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $100,000 $54 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $1,079/month

87 Days on Market

About This Home

As of October 2022

Well cared for duplex between Clare and Farwell. Lower unit consists of a 3 bed 1 bath and upper is a 2 bed 1 bath. Lower unit is well kept with it's own laundry room. Upper unit has recently been renovated and offers laundry hook ups in the bath. Each unit has it's own garage, well, septic, septic and electric which tenants are responsible for. The home as also had a metal roof recently installed. All listing info/measurements are approx

Last Agent to Sell the Property

Brent Duffett

PEYTON PROPERTIES, LLC License #CGBOR-6501299166 Listed on: 07/25/2022

Last Buyer's Agent

Non Member Non Member

NONMEMBER License #CGBOR

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 99x200

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater
  • Septic Tank

Community Details

  • 2 Units
  • Fairview Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01514004900

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Originating MLS: Clare Gladwin Board of REALTORS
  • Class: MULTIFAMILY
  • Type: Duplex
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 1804
  • Total Tax Year: 2021
  • Year Built: 1952
  • Mail City: Farwell
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Eat-In Kitchen
  • Source of Sq Ft: Measured

Exterior Features

  • Construction: Vinyl Siding
  • Foundation Type: Crawl
  • Roads: City/County, Paved Street

Garage/Parking

  • Garage Type: Attached Garage
  • Garage Spaces: 2
  • Parking: 3 Or More Spaces

Utilities

  • Water: Private Well
  • Water Heater: Gas
  • Cooling System: Window Unit(s)
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Septic

Lot Info

  • Assessor Parcel Number: 01514004900
  • Location: Main Street
  • Lot Dimensions: 99x200
  • Acreage: 0.45
  • Lot Description: Deep Lot - 150+ Ft.
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2022, Amount: $425.14
  • Winter Tax: Year: 2021, Amount: $1,379.49
  • Total Tax: Year: 2021, Amount: $1,804.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Farwell Area Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2022
Closed on
Oct 28, 2022
Sold by
Arnold Archbold
Bought by
Double Nest Rentals Llc
Seller's Agent
Brent Duffett
PEYTON PROPERTIES, LLC
Buyer's Agent
Non Member Non Member
NONMEMBER
List Price
$124,900
Sold Price
$100,000
Premium/Discount to List
-$24,900
-19.94%
Current Estimated Value
$162,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,390
Avg. Annual Appreciation
16.48%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Double Nest Rentals Llc $100,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2022 10/28/22 Sold $100,000 -19.9% $54 / Sq Ft
10/20/2022 10/20/22 Pending -- -- --
07/25/2022 07/25/22 For Sale $124,900 -- $68 / Sq Ft
Source: Clare Gladwin Board 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 $2,730 $76,130 $2,869 $73,261
2024 $642 $61,000 $0 $0
2023 $425 $57,405 $2,631 $54,774
2022 $1,839 $44,029 $1,752 $42,277
2021 $1,791 $39,500 $0 $0
2020 $1,776 $38,000 $0 $0
2019 $1,704 $38,500 $0 $0
2018 $1,652 $38,900 $0 $0
2017 $397 $39,500 $0 $0
2016 $394 $36,784 $0 $0
2015 -- $37,427 $0 $0
2014 -- $36,272 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brent Duffett

    Seller's Agent in 2022

    Brent Duffett

    PEYTON PROPERTIES, LLC

    (989) 429-0181

    165 Total Sales

    Brent Duffett
    Section Image

  • N

    Buyer's Agent in 2022

    Non Member Non Member

    NONMEMBER

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Map

Source: Clare Gladwin Board of REALTORS®

MLS Number: 50084138

Clare Gladwin Board of REALTORS®

APN: 015-140-049-00

Michigan Clare County Farwell 48622

447 E Ludington Dr, Farwell, MI

Not Listed for Sale

MultiFamily

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