NOT LISTED FOR SALE

517 E Ridge St Ishpeming, MI 49849

Estimated Value: $120,000 - $175,000

-- Bed
-- Bath
2,111 Sq Ft
$70/Sq Ft Est. Value

Last Sold April 01, 2022

Last sale price $72,500 $34 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $859/month

157 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Wood Siding
  • Shed

About This Home

As of April 2022

Great duplex centrally located to downtown Ishpeming. Clean units with the lower unit having refinished hardwood floors, some new carpeting and fresh paint.. Nice backyard. Great income possibilities or live in one unit while your tenant helps pay your mortgage.

Last Agent to Sell the Property

Adam Karki

RE/MAX 1ST REALTY License #UPAR Listed on: 09/06/2021

RE/MAX 1ST REALTY

Last Buyer's Agent

AMY YESNEY

COLDWELL BANKER SCHMIDT REALTORS License #UPAR-6501421290

COLDWELL BANKER SCHMIDT REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 75.75x80

Parking

  • 2 Car Parking Spaces

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Partial Basement

Additional Features

  • Shed
  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 525130502000

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Sub Structure Types: Shed
  • Year Built: 1890
  • Mail City: Ishpeming
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Hardwood Floors
  • Basement Type: Partial

Exterior Features

  • Construction: Aluminum, Wood
  • Roads: City/County, Year Round

Garage/Parking

  • Parking: 2 Spaces

Utilities

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

Lot Info

  • Assessor Parcel Number: 525130502000
  • Lot Dimensions: 75.75x80
  • Acreage: 0.14
  • Geo Subdivision: MI

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Ishpeming Public School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2021
Closed on
Mar 29, 2022
Sold by
Gleason Brian P and Gleason Patricia J
Bought by
Lindberg Travis
Seller's Agent
Adam Karki
RE/MAX 1ST REALTY
Buyer's Agent
AMY YESNEY
COLDWELL BANKER SCHMIDT REALTORS
List Price
$79,900
Sold Price
$72,500
Premium/Discount to List
-$7,400
-9.26%
Current Estimated Value
$147,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,682
Avg. Annual Appreciation
20.84%
Original Mortgage
$58,000
Outstanding Balance
$54,577
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$92,605

Purchase Details

Closed on
Apr 26, 2001
Bought by
Gleason Brian and Gleason Patricia
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
Lindberg Travis $72,500 None Listed On Document
Gleason Brian $9,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lindberg Travis $58,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2022 04/01/22 Sold $72,500 -9.3% $34 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
09/06/2021 09/06/21 For Sale $79,900 -- $38 / 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 $1,041 $58,750 $0 $0
2024 $10 $43,450 $0 $0
2023 $427 $42,650 $0 $0
2022 $1,231 $39,450 $0 $0
2021 $1,679 $39,450 $0 $0
2020 $1,648 $39,450 $0 $0
2019 $1,619 $36,650 $0 $0
2018 $1,574 $32,900 $0 $0
2017 $1,534 $32,350 $0 $0
2016 $1,494 $31,100 $0 $0
2015 -- $31,100 $0 $0
2014 -- $33,450 $0 $0
2012 -- $32,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Adam Karki

    Seller's Agent in 2022

    Adam Karki

    RE/MAX 1ST REALTY

    (906) 360-5420

    84 in this area

    416 Total Sales

    Adam Karki
    Section Image

  • A

    Buyer's Agent in 2022

    AMY YESNEY

    COLDWELL BANKER SCHMIDT REALTORS

    Section Image
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10072550

Upper Peninsula Association of REALTORS®

APN: 52-51-305-020-00

Michigan Marquette County Ishpeming 49849

517 E Ridge St, Ishpeming, MI

Not Listed for Sale

MultiFamily

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