NOT LISTED FOR SALE

503 W Munising Ave Munising, MI 49862

Estimated Value: $83,353

Studio
4 Baths
4,350 Sq Ft
$19/Sq Ft Est. Value

Last Sold August 18, 2015

Last sale price $45,000 $10 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $525/month

58 Days on Market

About This Home

As of August 2015

5 Unit apartment complex with 4 units completely remodeled and rented. Large apartments with very good rental history. 5th apartment is waiting for renovation to increase the already positive cash flow. Rents are 1820/mo. now.

Last Agent to Sell the Property

ROBERT MASTERS

PICTURED ROCKS REAL ESTATE License #UPAR Listed on: 05/31/2015

Last Buyer's Agent

Captain Ric O'neill

LAND AND LAKES REAL ESTATE CO. License #UPAR

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35x117

Parking

  • 3 Car Parking Spaces

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Partial Basement

Outdoor Features

  • Porch

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 02-051-003-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1900
  • Mail City: Munising
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Type: Partial

Exterior Features

  • Construction: Wood
  • Exterior Features: Porch
  • Lake Name: Lake Superior
  • Foundation Type: Crawl

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Fuel Type: Electric
  • Heating System: Electric Heat
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 02-051-003-00
  • Lot Dimensions: 35x117
  • Acreage: 0.1
  • Geo Subdivision: MI

Multi Family

  • Total Units: 5

MLS Schools

  • School District: Munising Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2015
Closed on
Aug 18, 2015
Sold by
Superior View Llc
Bought by
Canter Bradley C and Canter Kelly V
Seller's Agent
ROBERT MASTERS
PICTURED ROCKS REAL ESTATE
Buyer's Agent
Captain Ric O'neill
LAND AND LAKES REAL ESTATE CO.
List Price
$54,900
Sold Price
$45,000
Premium/Discount to List
-$9,900
-18.03%
Current Estimated Value
$83,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,353
Avg. Annual Appreciation
6.11%
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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Purchase History

Date Buyer Sale Price Title Company
Canter Bradley C $11,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2015 08/18/15 Sold $45,000 -18.0% $10 / Sq Ft
07/28/2015 07/28/15 Pending -- -- --
05/31/2015 05/31/15 For Sale $54,900 -- $13 / 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 $1,077 $72,700 $0 $0
2024 $1,047 $62,900 $0 $0
2023 $1,006 $30,000 $0 $0
2022 $911 $28,500 $0 $0
2021 $1,198 $28,500 $0 $0
2020 $1,176 $27,500 $0 $0
2019 $1,148 $21,500 $0 $0
2018 $1,117 $19,300 $0 $0
2017 $1,046 $19,100 $0 $0
2016 $1,039 $19,100 $0 $0
2015 $1,080 $19,400 $0 $0
2014 $1,080 $19,400 $0 $0
2013 $1,070 $19,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    ROBERT MASTERS

    PICTURED ROCKS REAL ESTATE

    (906) 439-5976

    18 Total Sales

    ROBERT MASTERS
    Section Image

  • C

    Buyer's Agent in 2015

    Captain Ric O'neill

    LAND AND LAKES REAL ESTATE CO.

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10071627

Upper Peninsula Association of REALTORS®

APN: 02-051-153-002-00

Michigan Alger County Munising 49862

503 W Munising Ave, Munising, MI

Not Listed for Sale

MultiFamily

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