NOT LISTED FOR SALE

5 Baraga Ave Lanse, MI 49946

Estimated Value: $94,147

Studio
6 Baths
4,562 Sq Ft
$21/Sq Ft Est. Value

Last Sold December 29, 2017

Last sale price $57,000 $12 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $700/month

195 Days on Market

Highlights

  • 1 Car Detached Garage
  • Porch
  • Forced Air Heating System

About This Home

As of December 2017

The former Thomas Hotel still stands tall in downtown L'Anse! This historic building was once host to Henry Ford on several occasions and is the oldest surviving building in the downtown area. Now converted to a 6 unit rental building-- 2 commercial units and 4 residential units. Tenants enjoy access to Lake Superior and the local marina. Many updates have been done over the years.. most recently paved off street parking has been added. Roof in 02-03 & 07. Furnaces are 1988-1 furnace heats 2/3 of building, units 5 & 6 each have a furnace. 1 meter for each electric and gas, all leases include utilities and all residential units include stove and refrigerators. Several electrical updates have been made. Steady rental history.

Last Agent to Sell the Property

Tracy Kahkonen

UP NORTH REALTY License #UPAR Listed on: 05/05/2017

Last Buyer's Agent

Donny Domitrovich

DOMITROVICH REALTY, INC License #UPAR

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1887

Lot Details

  • 0.25

Parking

  • 1 Car Detached Garage

Home Design

  • Vinyl Siding

Basement

  • Walk-Out Basement
  • Partial Basement

Additional Features

  • Porch
  • 0.25 Acre Lot
  • Forced Air Heating System

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 044-545-010-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: More Than 2 Stories
  • Total Tax Year: 2017
  • Year Built: 1887
  • Mail City: L'Anse
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: Walk Out, Partial

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Porch
  • Lake Name: Lake Superior
  • Roads: City/County

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 1
  • Parking: 3 Or More Spaces

Utilities

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

Lot Info

  • Assessor Parcel Number: 044-545-010-00
  • Lot Dimensions: 170x
  • Acreage: 0.25
  • Geo Subdivision: MI

Multi Family

  • Total Units: 6

Tax Info

  • Total Tax: Year: 2017

MLS Schools

  • School District: L'anse Area Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2017
Closed on
Dec 29, 2017
Sold by
T & G Reality Llc
Bought by
Payment Timothy K
Seller's Agent
Tracy Kahkonen
UP NORTH REALTY
Buyer's Agent
Donny Domitrovich
DOMITROVICH REALTY, INC
List Price
$64,000
Sold Price
$57,000
Premium/Discount to List
-$7,000
-10.94%
Current Estimated Value
$94,147

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,147
Avg. Annual Appreciation
6.57%

Purchase Details

Closed on
Jan 13, 2001
Sold by
Brennan Geneva M
Bought by
T & G Reality Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Payment Timothy K $57,000 --
T & G Reality Llc -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2017 12/29/17 Sold $57,000 -10.9% $12 / Sq Ft
11/16/2017 11/16/17 Pending -- -- --
05/05/2017 05/05/17 For Sale $64,000 -- $14 / 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 $2,497 $52,960 $0 $0
2024 $2,432 $52,886 $0 $0
2023 $2,318 $45,324 $0 $0
2022 $105 $39,493 $0 $0
2021 $2,438 $39,050 $0 $0
2020 $2,281 $36,515 $0 $0
2019 $1,672 $36,991 $0 $0
2018 -- $35,220 $0 $35,220
2017 -- $46,119 $0 $0
2016 -- $45,708 $0 $0
2015 -- $45,572 $0 $0
2014 -- $45,572 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10071963

Upper Peninsula Association of REALTORS®

APN: 044-545-010-00