NOT LISTED FOR SALE

515 Maple St Manistee, MI 49660

Estimated Value: $394,731

Studio
-- Bath
-- Sq Ft
0.75 Acres

Last Sold July 31, 2020

Last sale price $270,000

Est. 46% increase in value since last sale

Current estimated payment $2,383/month

About This Home

As of July 2020

SOLD. DATA FOR COMPARABLE PURPOSES. This Victorian Style Lumber Barron's Mansion was turned into a 7 unit rental apartment called Hilltop Apartments many years ago. Very long and solid rental history. All units are currently occupied. SEPARATE UTILITIES! Owner is a State License Real Estate Agent. Large parcel 3/4 acre. Turn-Key operation. Sale subject to the rights of all tenants. Leases, deposits, Etc. to be transferred upon closing.

Last Agent to Sell the Property

Therran Ferguson

Essential Real Estate License #6502429562 Listed on: 08/04/2020

Last Buyer's Agent

Leanne Labelle

LIGHTHOUSE REALTY-Manistee License #6501405476

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1887

Lot Details

  • 0.75

Parking

  • 10 Parking Spaces

Additional Features

  • 0.75 Acre Lot
  • Forced Air Heating System

Community Details

  • 7 Units

Listing and Financial Details

  • Tenant pays for electricity, water, sewer, gas

Property Details

Home Type

Apartment

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1887
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 299000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.75
  • Lot Size Area: 0.75
  • Lot Size Sq Ft: 32800.0
  • Zoning Description: R4
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water, Sewer, Gas

Multi Family

  • Number of Units Total: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2020
Closed on
Jul 31, 2020
Sold by
Therran Holdings Llc
Bought by
Manistee One Llc
Seller's Agent
Therran Ferguson
Essential Real Estate
Buyer's Agent
Leanne Labelle
LIGHTHOUSE REALTY-Manistee
List Price
$299,000
Sold Price
$270,000
Premium/Discount to List
-$29,000
-9.7%
Current Estimated Value
$394,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,731
Avg. Annual Appreciation
7.22%

Purchase Details

Listed on
Sep 10, 2018
Closed on
Sep 10, 2018
Sold by
Mmc Rental Llc
Bought by
Manistee One Llc
Seller's Agent
Therran Ferguson
Essential Real Estate
Buyer's Agent
Therran Ferguson
Essential Real Estate
List Price
$199,000
Sold Price
$195,000
Premium/Discount to List
-$4,000
-2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.79%

Purchase Details

Closed on
Jun 1, 2006
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
Manistee One Llc $270,000 --
Manistee One Llc $195,000 --
-- $215,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/04/2020 08/04/20 For Sale $299,000 +10.7% --
07/31/2020 07/31/20 Sold $270,000 +38.5% --
07/07/2020 07/07/20 Pending -- -- --
09/10/2018 09/10/18 Sold $195,000 -2.0% -- View Prior Sale
09/10/2018 09/10/18 Pending -- -- --
09/10/2018 09/10/18 For Sale $199,000 -- --
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 $3,825 $109,400 $0 $0
2024 $39 $110,600 $0 $0
2023 $3,788 $106,400 $0 $0
2022 $6,508 $105,700 $0 $105,700
2021 $6,574 $106,300 $15,900 $90,400
2020 $4,939 $91,200 $15,900 $75,300
2019 $4,875 $81,700 $81,700 $0
2018 $5,125 $85,600 $85,600 $0
2017 $5,083 $84,900 $84,900 $0
2016 $3,099 $85,700 $85,700 $0
2015 -- $87,200 $87,200 $0
2014 -- $88,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Therran Ferguson

    Seller's Agent in 2020

    Therran Ferguson

    Essential Real Estate

    (231) 510-1790

    79 in this area

    156 Total Sales

    Therran Ferguson
    Section Image
  • Leanne Labelle

    Buyer's Agent in 2020

    Leanne Labelle

    LIGHTHOUSE REALTY-Manistee

    (239) 887-0998

    7 in this area

    79 Total Sales

    Leanne Labelle
    Section Image
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Map

Source: MichRIC

MLS Number: 20031109

MichRIC

APN: 51-646-703-11

Michigan Manistee County Manistee 49660

515 Maple St, Manistee, MI

Not Listed for Sale

MultiFamily

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