NOT LISTED FOR SALE

532 20th St N Escanaba, MI 49829

Estimated Value: $97,000 - $145,000

5 Beds
3 Baths
1,768 Sq Ft
$71/Sq Ft Est. Value

Last Sold August 11, 2023

Last sale price $89,000 $50 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $869/month

Highlights

  • 1 Car Detached Garage
  • Walk-In Closet
  • Forced Air Heating System

About This Home

As of August 2023

Income producing Triplex located in downtown Escanaba! This three unit multi family home is fully occupied, but the main floor tenant will be out by July 31st giving the new owner an opportunity to live in the home, or choose their own new tenant. The current rents total $1,900 per month with all utilities included. Some utilities could be separated if desired. The garage has also been rented out in the past for $50 per month. Both the main and upper floors have two bedrooms, and the basement unit is a single bedroom unit. This property will require some future maintenance, but it has a lot of potential for rent rate increases. Schedule your showing today!

Last Agent to Sell the Property

Scott Moiser

KEY REALTY DELTA COUNTY LLC License #UPAR Listed on: 07/14/2023

KEY REALTY DELTA COUNTY LLC

Last Buyer's Agent

Christina King-Caron

UPWARDS REAL ESTATE License #UPAR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1910

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80x125
  • Cleared Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Asphalt

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Space Heater
  • Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 051-130-2930-104-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,570

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units, Investment
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Conventional Frame
  • Sub Structure Types: Garage(s)
  • Total Tax Amount: 1921
  • Year Built: 1910
  • Mail City: Escanaba
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Walk-In Closet
  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Full
  • Bedrooms: 5
  • Bathroom Description: Basement Bath
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Below Grade Bathroom: 1
  • Sub Room Description: Entry
  • Source of Sq Ft: Public Records

Exterior Features

  • Construction: Asphalt
  • Exterior Features: Sidewalks
  • Frontage: 80
  • Foundation Type: Basement
  • Roads: Alley, City/County

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 1
  • Parking: 3 Or More Spaces

Utilities

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

Lot Info

  • Assessor Parcel Number: 051-130-2930-104-002
  • Lot Dimensions: 80x125
  • Acreage: 0.23
  • Lot Description: Cleared
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Electric, Gas, Trash Removal, Water/Sewer

Tax Info

  • Summer Tax: Year: 2023, Amount: $1,027.00
  • Winter Tax: Year: 2022, Amount: $894.00
  • Total Tax: Amount: $1,921.00

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Escanaba Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2023
Closed on
Aug 11, 2023
Sold by
Povich Josiah
Bought by
Champeau Kathleen
Seller's Agent
Scott Moiser
KEY REALTY DELTA COUNTY LLC
Buyer's Agent
Christina King-Caron
UPWARDS REAL ESTATE
List Price
$89,000
Sold Price
$89,000
Views
1
Current Estimated Value
$124,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,921
Avg. Annual Appreciation
16.58%

Purchase Details

Listed on
Apr 3, 2021
Closed on
May 11, 2021
Sold by
Simon Andrew
Bought by
Povich Josiah and Povich Sarah
Seller's Agent
Amy Dyer
COLDWELL BANKER SCHMIDT ESCANABA
Buyer's Agent
Christopher Germain
PREMIER REAL ESTATE, INC.
List Price
$59,900
Sold Price
$55,650
Premium/Discount to List
-$4,250
-7.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.32%

Purchase Details

Listed on
Apr 23, 2012
Closed on
Jun 23, 2012
Sold by
Degrave Dale G and Degrave Judith A
Bought by
Simon Andrew
Seller's Agent
Jamie Beaver
KEY REALTY DELTA COUNTY LLC
Buyer's Agent
Lynn George
STATE WIDE REAL ESTATE OF ESCANABA
List Price
$69,900
Sold Price
$53,000
Premium/Discount to List
-$16,900
-24.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.55%
Original Mortgage
$67,500
Interest Rate
3.83%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 6, 1990
Bought by
Degrave
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
Champeau Kathleen $89,000 --
Povich Josiah $55,650 --
Simon Andrew -- --
Degrave -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simon Andrew $67,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/11/2023 08/11/23 Sold $89,000 0.0% $50 / Sq Ft
07/14/2023 07/14/23 For Sale $89,000 +59.9% $50 / Sq Ft
05/14/2021 05/14/21 Sold $55,650 -7.1% $31 / Sq Ft View Prior Sale
04/03/2021 04/03/21 For Sale $59,900 +13.0% $34 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
06/25/2012 06/25/12 Sold $53,000 -24.2% $25 / Sq Ft View Prior Sale
05/24/2012 05/24/12 Pending -- -- --
04/23/2012 04/23/12 For Sale $69,900 -- $33 / 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 $2,570 $49,900 $0 $0
2024 $1,365 $43,200 $0 $0
2023 $1,026 $34,400 $0 $0
2022 $1,871 $30,900 $0 $0
2021 $1,842 $30,500 $0 $0
2020 $1,827 $30,700 $0 $0
2019 $1,776 $29,900 $0 $0
2018 $1,735 $29,100 $0 $0
2017 $883 $28,317 $0 $0
2016 $1,698 $28,538 $0 $0
2014 $953 $30,542 $0 $0
2013 $953 $30,553 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50115461

Upper Peninsula Association of REALTORS®

APN: 210511302930104002