NOT LISTED FOR SALE

493 Mustang St Unit 495 Gwinn, MI 49841

Estimated Value: $130,000 - $161,000

6 Beds
2 Baths
2,212 Sq Ft
$65/Sq Ft Est. Value

Last Sold August 29, 2023

Last sale price $124,000 $56 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $779/month

6 Days on Market

Highlights

  • 2 Car Attached Garage
  • Forced Air Heating System
  • Wood Siding

About This Home

As of August 2023

Amazing investment opportunity! Rent out one side and live in the other! 3 bed 2 bath and a 1 car garage for each unit. This duplex is only 10 minutes from Gwinn or 1/2 hour from Marquette. Public transportation available. Thousands of acres of state land and an abundance of public lakes surround the area allowing for many outdoor activities!

Last Agent to Sell the Property

Terry Huffman

RE/MAX 1ST REALTY License #UPAR Listed on: 07/20/2023

RE/MAX 1ST REALTY

Last Buyer's Agent

Bradley Argall

RE/MAX 1ST REALTY License #UPAR-6501400975

RE/MAX 1ST REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1964

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 108x121x131x121

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Split Level Home
  • Tri-Level Property
  • Wood Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater

Additional Features

  • Oven or Range
  • Basement Fills Entire Space Under The House

Community Details

  • 2 Units
  • Ki Sawyer Subdivision

Listing and Financial Details

  • Assessor Parcel Number 52-05-520-076-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$649

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type: Duplex
  • Type Of Property: Multi-Family
  • Structure Style: Tri-Level
  • Styles: Split Level
  • Total Tax Amount: 648.7
  • Year Built: 1964
  • Mail City: Gwinn
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Full
  • Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 4
  • Half Bathrooms: 2
  • Source of Sq Ft: Public Records
  • Estimated Sq Ft: 2212

Exterior Features

  • Construction: Wood
  • Frontage: 108
  • Foundation Type: Basement
  • Roads: Paved Street, Year Round

Garage/Parking

  • Garage Type: Attached Garage
  • Garage Spaces: 2
  • Parking: 3 Or More Spaces, Paved Driveway

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 52-05-520-076-00
  • Lot Dimensions: 108x121x131x121
  • Acreage: 0.32
  • Zoning: Residential
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2020, Amount: $149.31
  • Winter Tax: Year: 2020, Amount: $499.39
  • Total Tax: Amount: $648.70

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Gwinn Area Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2023
Closed on
Aug 29, 2023
Sold by
Northern Interest Llc
Bought by
R & B Up Rentals Llc
Seller's Agent
Terry Huffman
RE/MAX 1ST REALTY
Buyer's Agent
Bradley Argall
RE/MAX 1ST REALTY
List Price
$119,900
Sold Price
$124,000
Premium/Discount to List
$4,100
3.42%
Views
1
Current Estimated Value
$143,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,996
Avg. Annual Appreciation
7.64%
Original Mortgage
$99,200
Outstanding Balance
$97,121
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$46,875
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
R & B Up Rentals Llc $124,000 Transnation Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open R & B Up Rentals Llc $99,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2023 08/29/23 Sold $124,000 +3.4% $56 / Sq Ft
07/20/2023 07/20/23 For Sale $119,900 -- $54 / 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 $7 $58,900 $0 $0
2024 $7 $46,800 $0 $0
2023 $218 $34,600 $0 $0
2022 $679 $30,300 $0 $0
2021 $658 $34,800 $0 $0
2020 $649 $30,300 $0 $0
2019 $620 $24,900 $0 $0
2018 $605 $21,600 $0 $0
2017 $573 $14,150 $0 $0
2016 $569 $13,850 $0 $0
2015 -- $13,850 $0 $0
2014 -- $14,050 $0 $0
2012 -- $15,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Terry Huffman

    Seller's Agent in 2023

    Terry Huffman

    RE/MAX 1ST REALTY

    (906) 360-8258

    14 in this area

    259 Total Sales

    Terry Huffman
    Section Image
  • Bradley Argall

    Buyer's Agent in 2023

    Bradley Argall

    RE/MAX 1ST REALTY

    (906) 458-2180

    8 in this area

    244 Total Sales

    Bradley Argall
    Section Image
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50116222

Upper Peninsula Association of REALTORS®

APN: 52-05-520-076-00

Michigan Marquette County Gwinn 49841

493 Mustang St Unit 495, Gwinn, MI

This home is located at 493 Mustang St Unit 495, Gwinn, MI 49841 since 20 July 2023 and is currently estimated at $143,996, approximately $65 per square foot. This property was built in 1964. 493 Mustang St Unit 495 is a home located in Marquette County with nearby schools including K.I. Sawyer Elementary School and Gwinn Middle/High 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.

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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