NOT LISTED FOR SALE

502 E Danaher St Ludington, MI 49431

Estimated Value: $167,000 - $228,762

-- Bed
3 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold February 08, 2018

Last sale price $80,000

Est. 136% increase in value since last sale

Current estimated payment $1,233/month

Highlights

  • Corner Lot: Yes
  • Lakeview Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of February 2018

3 Unit in the City of Ludington. Current income is $1525. Nice corner lot with big back yard, Vinyl siding, replacement windows, full basement. Tenant pays all utilities except water. Covered front porch. Tenants will come with the sale. Seller will not be vacating them. Seller will not pay for title insurance.It passed city inspection and certificate will be at listing office

Last Agent to Sell the Property

Lori Dickenson

LIGHTHOUSE REALTY-Ludington License #6501264017 Listed on: 02/09/2018

Last Buyer's Agent

Lori Dickenson

CENTURY 21 Bayshore

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,727

Year Built

  • Built in 1950

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 60x140
  • Corner Lot: Yes

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 3 Parking Spaces
  • Unpaved Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Connected
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,727

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1950
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 60x140
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1726.88
  • Tax Info:Zoning3: R2A
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 79900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Telephone Line, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8276.0
  • Zoning Description: R2A
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1726.88
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2018
Closed on
Feb 8, 2018
Sold by
Debra Mannikko & 5 Year Llc
Bought by
Mid Point Enterprises Inc
Seller's Agent
Lori Dickenson
LIGHTHOUSE REALTY-Ludington
Buyer's Agent
Lori Dickenson
LIGHTHOUSE REALTY-Ludington
List Price
$83,000
Sold Price
$80,000
Premium/Discount to List
-$3,000
-3.61%
Current Estimated Value
$188,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,441
Avg. Annual Appreciation
11.74%

Purchase Details

Closed on
Jul 28, 2003
Sold by
Bentz Donna M
Bought by
Mannikko Debra L

Purchase Details

Closed on
Aug 16, 1999
Sold by
Bentz Donna M
Bought by
Mannikko Debra L

Purchase Details

Closed on
Oct 1, 1984
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
Mid Point Enterprises Inc $80,000 --
Mannikko Debra L $37,000 --
Mannikko Debra L $37,000 --
-- $26,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Mid Point Enterprises Inc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2018 02/09/18 For Sale $83,000 +3.8% --
02/08/2018 02/08/18 Sold $80,000 -- --
12/04/2017 12/04/17 Pending -- -- --
Source: MichRIC

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 $2,942 $86,900 $86,900 $0
2024 -- $78,200 $78,200 $0
2023 -- $59,800 $59,800 $0
2022 -- $51,700 $0 $0
2021 -- $49,100 $0 $0
2020 $1,121 $42,800 $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2015 -- -- $0 $0
2013 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lori Dickenson

    LIGHTHOUSE REALTY-Ludington

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Map

Source: MichRIC

MLS Number: 17005057

MichRIC

APN: 051-320-035-00

Michigan Mason County Ludington 49431

502 E Danaher St, Ludington, MI

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