NOT LISTED FOR SALE

501 N 1st St Ishpeming, MI 49849

Estimated Value: $165,000 - $182,436

3 Beds
1 Bath
2,870 Sq Ft
$61/Sq Ft Est. Value

Last Sold March 25, 2015

Last sale price $63,160 $22 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $1,067/month

98 Days on Market

About This Home

As of March 2015

This is a great investment opportunity as an upper & lower split duplex or easily converted into a single family home. Lots of updates and both units are move in ready. Each unit has a stove, refrigerator and both have separate laundry hook ups.

Last Agent to Sell the Property

Fran Sevegney

RE/MAX 1ST REALTY License #UPAR-6501343111 Listed on: 08/07/2014

RE/MAX 1ST REALTY

Last Buyer's Agent

Fran Sevegney

RE/MAX 1ST REALTY License #UPAR-6501343111 Listed on: 08/07/2014

RE/MAX 1ST REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50x105

Home Design

  • Brick Exterior Construction
  • Cedar

Interior Spaces

  • 2-Story Property
  • Fireplace

Utilities

  • Hot Water Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 52-51-250-032-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Year: 2014
  • Year Built: 1962
  • Mail City: Ishpeming
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: Yes

Exterior Features

  • Construction: Brick, Cedar

Utilities

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

Lot Info

  • Assessor Parcel Number: 52-51-250-032-00
  • Lot Dimensions: 50x105
  • Acreage: 0.12
  • Geo Subdivision: MI

Multi Family

  • Total Units: 2

Tax Info

  • Total Tax: Year: 2014

MLS Schools

  • School District: Ishpeming Public School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2014
Closed on
Mar 25, 2015
Seller's Agent
Fran Sevegney
RE/MAX 1ST REALTY
Buyer's Agent
Fran Sevegney
RE/MAX 1ST REALTY
List Price
$74,900
Sold Price
$63,160
Premium/Discount to List
-$11,740
-15.67%
Current Estimated Value
$174,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,199
Avg. Annual Appreciation
9.87%
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
-- $63,200 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/25/2015 03/25/15 Sold $63,160 -15.7% $22 / Sq Ft
11/13/2014 11/13/14 Pending -- -- --
08/07/2014 08/07/14 For Sale $74,900 +29.1% $26 / Sq Ft
05/13/2013 05/13/13 Sold $58,000 -22.7% $20 / Sq Ft View Prior Sale
04/19/2013 04/19/13 Pending -- -- --
09/14/2012 09/14/12 For Sale $75,000 -- $26 / 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 $1,875 $61,150 $0 $0
2024 $18 $51,000 $0 $0
2023 $418 $45,500 $0 $0
2022 $2,543 $39,200 $0 $0
2021 $2,481 $38,900 $0 $0
2020 $2,434 $39,200 $0 $0
2019 $2,392 $39,050 $0 $0
2018 $2,326 $38,300 $0 $0
2017 $2,267 $35,700 $0 $0
2016 $2,224 $35,150 $0 $0
2015 -- $35,150 $0 $0
2014 -- $31,950 $0 $0
2012 -- $32,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Fran Sevegney

    Seller's Agent in 2015

    Fran Sevegney

    RE/MAX 1ST REALTY

    (906) 869-7465

    47 in this area

    458 Total Sales

    Fran Sevegney
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10071520

Upper Peninsula Association of REALTORS®

APN: 52-51-250-032-00

Michigan Marquette County Ishpeming 49849

501 N 1st St, Ishpeming, MI

Not Listed for Sale

MultiFamily

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