NOT LISTED FOR SALE

519 N 1st St Ishpeming, MI 49849

Estimated Value: $130,000 - $182,000

2 Beds
2 Baths
2,000 Sq Ft
$82/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $115,000 $58 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $933/month

64 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • Ceiling Fan

About This Home

As of December 2021

From roundabout on US41 take N. Third to High St., right to brick apartment on SW corner of N. First and High.

Last Agent to Sell the Property

Sam Elder

ELDER AGENCY License #UPAR-6502405662 Listed on: 07/06/2021

Last Buyer's Agent

Bradley Argall

RE/MAX 1ST REALTY License #UPAR-6501400975

RE/MAX 1ST REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50x108

Parking

  • 3 Car Parking Spaces

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Additional Features

  • Porch
  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 525125003800

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
  • Total Tax Year: 2021
  • Year Built: 1890
  • Mail City: Ishpeming
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Full

Exterior Features

  • Exterior Features: Porch
  • Roads: City/County, Year Round

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Cooling System: Ceiling Fan(s)
  • Fuel Type: Electric, Natural Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 525125003800
  • Lot Dimensions: 50x108
  • Acreage: 0.12
  • Geo Subdivision: MI

Multi Family

  • Total Units: 2

Tax Info

  • Total Tax: Year: 2021

MLS Schools

  • School District: Ishpeming Public School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2021
Closed on
Dec 17, 2021
Sold by
Michael G Kauppinen Trust
Bought by
Loos Matthew and Beaumont Krystan
Seller's Agent
Sam Elder
ELDER AGENCY
Buyer's Agent
Bradley Argall
RE/MAX 1ST REALTY
List Price
$99,500
Sold Price
$115,000
Premium/Discount to List
$15,500
15.58%
Current Estimated Value
$164,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,779
Avg. Annual Appreciation
9.26%
Original Mortgage
$86,250
Outstanding Balance
$29,047
Interest Rate
3.09%
Mortgage Type
Balloon
Estimated Equity
$135,732

Purchase Details

Closed on
Feb 1, 1993
Bought by
Kauppinen Michael
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
Loos Matthew $115,000 None Listed On Document
Kauppinen Michael $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loos Matthew $86,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2021 12/17/21 Sold $115,000 +15.6% $58 / Sq Ft
09/08/2021 09/08/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $99,500 -- $50 / 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 $858 $52,900 $0 $0
2024 $8 $43,250 $0 $0
2023 $437 $47,800 $0 $0
2022 $2,280 $40,600 $0 $0
2021 $1,616 $40,150 $0 $0
2020 $1,585 $40,600 $0 $0
2019 $1,558 $39,750 $0 $0
2018 $1,515 $40,000 $0 $0
2017 $1,477 $36,800 $0 $0
2016 $1,438 $36,200 $0 $0
2015 -- $36,200 $0 $0
2014 -- $32,950 $0 $0
2012 -- $31,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sam Elder

    Seller's Agent in 2021

    Sam Elder

    ELDER AGENCY

    (906) 361-9297

    3 in this area

    17 Total Sales

    Sam Elder
    Section Image
  • Bradley Argall

    Buyer's Agent in 2021

    Bradley Argall

    RE/MAX 1ST REALTY

    (906) 458-2180

    51 in this area

    249 Total Sales

    Bradley Argall
    Section Image
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10072628

Upper Peninsula Association of REALTORS®

APN: 52-51-250-038-00

Michigan Marquette County Ishpeming 49849

519 N 1st St, Ishpeming, MI

Not Listed for Sale

MultiFamily

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