NOT LISTED FOR SALE

602 S 8th St Escanaba, MI 49829

Estimated Value: $74,000 - $266,000

5 Beds
3.5 Baths
2,053 Sq Ft
$79/Sq Ft Est. Value

Last Sold November 26, 2024

Last sale price $62,000 $30 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $993/month

43 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Space Heater
  • 1 Car Detached Garage
  • Hot Water Heating System
  • Wood Burning Fireplace

About This Home

As of November 2024

Investment Opportunity with Great Cash Flow in Southside Escanaba! This versatile property offers excellent cash flow for an investor or the potential to be converted back into a single-family home. Located in Southside Escanaba, it's within walking distance of Ludington Park and Escanaba Beach. Upon entry, you’ll find a large enclosed sunporch. The main floor apartment features a living room with a fireplace, a dining room, 1 bedroom, a 3/4 bath, a kitchen, and access to the basement with a laundry area. Original hardwood floors and woodwork can be found throughout. The upstairs apartment has 2 bedrooms, a living room, kitchen, 3/4 bath, a storage room, and access to a back fire escape. Additionally, there's a cozy studio located at the back of the building with an open living space, sleeping area, kitchen, and 3/4 bath. It also includes closet space and a wall heater. Two units are currently vacant, with potential rents of $600-$700 each, while the studio is already rented for $500.00 per month (utilities included). The property is equipped with 1 water meter, 2 electric meters, and 2 gas meters, making it a great investment opportunity. Schedule your showing today!

Last Agent to Sell the Property

Tammy Garling

KEY REALTY DELTA COUNTY LLC License #UPAR Listed on: 10/02/2024

KEY REALTY DELTA COUNTY LLC

Last Buyer's Agent

Tammy Garling

KEY REALTY DELTA COUNTY LLC License #UPAR Listed on: 10/02/2024

KEY REALTY DELTA COUNTY LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1896

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 69x140

Parking

  • 1 Car Detached Garage

Interior Spaces

  • 2-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Wood Flooring
  • Partial Basement

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Porch

Utilities

  • Space Heater
  • Hot Water Heating System
  • Separate Meters

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 051-170-3632-101-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1896

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 Amount: 2647
  • Total Tax Year: 2024
  • Year Built: 1896
  • Mail City: Escanaba
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Hardwood Floors
  • Fireplace: Yes
  • Fireplace Features: Livroom Fireplace, Wood Burning
  • Basement: Yes
  • Basement Type: Partial
  • Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bathrooms: 4
  • Source of Sq Ft: Assessors Data
  • Half Bathrooms: 1

Exterior Features

  • Exterior Features: Porch
  • Frontage: 69
  • Foundation Type: Basement
  • Roads: City/County, Year Round

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 1
  • Parking: Garage

Utilities

  • Water: Public Water
  • Fuel Type: Electric, Natural Gas
  • Heating System: Hot Water, Space Heater
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 051-170-3632-101-001
  • Lot Dimensions: 69x140
  • Acreage: 0.22
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2024, Amount: $1,417.00
  • Winter Tax: Year: 2023, Amount: $1,230.00
  • Total Tax: Year: 2024, Amount: $2,647.00

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
Oct 2, 2024
Closed on
Dec 4, 2024
Sold by
Lmcc Properties Llc
Bought by
Lamarche Robert James and Lamarche Jane Norman
Seller's Agent
Tammy Garling
KEY REALTY DELTA COUNTY LLC
Buyer's Agent
Tammy Garling
KEY REALTY DELTA COUNTY LLC
List Price
$83,000
Sold Price
$62,000
Premium/Discount to List
-$21,000
-25.3%
Views
99
Current Estimated Value
$161,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,405
Avg. Annual Appreciation
128.15%

Purchase Details

Listed on
Feb 1, 2021
Closed on
Sep 15, 2021
Sold by
M & B Ents Llc
Bought by
Lmcc Properties Llc
Seller's Agent
Lucas Gestwicki
KEY REALTY DELTA COUNTY LLC
Buyer's Agent
Tammy Garling
KEY REALTY DELTA COUNTY LLC
List Price
$85,000
Sold Price
$80,000
Premium/Discount to List
-$5,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.66%

Purchase Details

Closed on
Aug 31, 2006
Sold by
Pearl Pearl
Bought by
M & B Enterprises Llc
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
Lamarche Robert James $62,000 --
Lmcc Properties Llc $80,000 --
M & B Enterprises Llc -- --
M & B Enterprises Llc $72,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/26/2024 11/26/24 Sold $62,000 -15.1% $30 / Sq Ft
11/14/2024 11/14/24 Pending -- -- --
11/11/2024 11/11/24 Price Changed $73,000 -12.0% $36 / Sq Ft
10/02/2024 10/02/24 For Sale $83,000 +3.8% $40 / Sq Ft
09/15/2021 09/15/21 Sold $80,000 -5.9% $39 / Sq Ft View Prior Sale
07/20/2021 07/20/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $85,000 -- $41 / Sq Ft
Source: Upper Peninsula Association of REALTORS®

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 $1,849 $58,600 $0 $0
2024 $1,418 $52,100 $0 $0
2023 $1,352 $46,900 $0 $0
2022 $2,465 $40,700 $0 $0
2021 $2,402 $43,800 $0 $0
2020 $2,376 $43,900 $0 $0
2019 $2,310 $40,500 $0 $0
2018 $2,256 $37,600 $0 $0
2017 $1,154 $37,161 $0 $0
2016 $2,183 $37,012 $0 $0
2014 $1,105 $36,184 $0 $0
2013 $1,105 $35,862 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50157027

Upper Peninsula Association of REALTORS®

APN: 051-170-3632-101-001