NOT LISTED FOR SALE

480 1st St Manistee, MI 49660

Estimated Value: $247,000 - $295,000

Studio
-- Bath
-- Sq Ft
9,060 Sq Ft Lot Lot

Sale Details

Date Sold: May 25, 2017

Last sale price $85,000

Est. 218% increase in value since last sale

Current estimated payment $1,644 / mo

242 Days on Market

About This Home

As of May 2017

GREAT INVESTMENT OPPORTUNITY! Spacious 3-Unit home near Downtown Manistee and Lake Michigan with off-street parking for all units. 480 First is a large 2 story unit with high ceilings and 3 Bedrooms upstairs. 478 First is a 2 Bedroom Unit with a big kitchen and full bath of dining room. 478.5 is a 1 Bedroom Unit with full bath. All units have private entries.

Last Agent to Sell the Property

Nicole Smith

West Shore Rental Management Listed on: 07/25/2016

Co-Listed By

Casey Tennant

CENTURY 21 Northland License #6506047936

Last Buyer's Agent

Heather Barker

LIGHTHOUSE REALTY-Manistee License #6501375281

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1900

Lot Details

  • 9,060

Parking

  • 3 Parking Spaces

Home Design

  • Vinyl Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Basement Fills Entire Space Under The House
  • 9,060 Sq Ft Lot

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer
  • The owner pays for trash collection, water

Property Details

Home Type

Apartment

Year Built

Built in 1900

Lot Details

9,060 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1900
  • General Property Info:Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 104000.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.208
  • Lot Size Area: 0.21
  • Lot Dimensions: 66x132 + 5x70
  • Lot Size Sq Ft: 9060.0

Rental Info

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity, Gas, Sewer

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2909.88
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2016
Closed on
May 25, 2017
Sold by
Marbach Properties Llc
Bought by
Mertins Phyllis K
Seller's Agent
Nicole Smith
West Shore Rental Management
Buyer's Agent
Heather Barker
LIGHTHOUSE REALTY-Manistee
List Price
$104,000
Sold Price
$85,000
Premium/Discount to List
-$19,000
-18.27%
Current Estimated Value
$270,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,524
Avg. Annual Appreciation
13.79%

Purchase Details

Closed on
Aug 1, 2008
Bought by
Marbach Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mertins Phyllis K $85,000 --
Marbach Properties Llc $83,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2017 05/25/17 Sold $85,000 -18.3% --
03/24/2017 03/24/17 Pending -- -- --
07/25/2016 07/25/16 For Sale $104,000 -- --
Source: MichRIC

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 $2,506 $118,000 $0 $0
2024 $24 $112,000 $0 $0
2023 $2,357 $91,600 $0 $0
2022 $3,883 $76,500 $76,500 $0
2021 $3,776 $72,500 $72,500 $0
2020 $3,572 $64,300 $64,300 $0
2019 $3,526 $59,600 $59,600 $0
2018 $3,455 $57,700 $57,700 $0
2017 $2,945 $52,500 $52,500 $0
2016 $1,763 $52,000 $52,000 $0
2015 -- $48,600 $48,600 $0
2014 -- $49,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 16038072

MichRIC

APN: 51-364-702-09

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