NOT LISTED FOR SALE

605 E Melendy St Ludington, MI 49431

Estimated Value: $181,000 - $286,000

2 Beds
3 Baths
-- Sq Ft
8,400 Sq Ft Lot

Last Sold June 12, 2024

Last sale price $189,000

Est. 18% increase in value since last sale

Current estimated payment $1,356/month

145 Days on Market

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • Level Lot
  • Lakeview Elementary School Rated A-

About This Home

As of June 2024

Investment property with three units. Live in one and rent the other two. Upper two units are furnished and ready for your tenants. Upper two units are both 1 bedroom 1 bath and the west unit has undergone extensive remodel. Lower unit is a 2 bedroom 1 bath . Large basement with plenty of storage and includes another full bath. Unnattached 16x20 garage allows for additional storage. Furniture in the basement goes with the house. Plenty of parking off the alley access. Schedule your showing today!

Last Agent to Sell the Property

Kevin Leavitt

CENTURY 21 Bayshore License #6502413074 Listed on: 03/14/2024

CENTURY 21 Bayshore

Last Buyer's Agent

Kurt Dawdy

Five Star Real Estate - Onekama License #6501407967

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,284

Year Built

  • Built in 1878

Lot Details

  • 8,400 Sq Ft Lot
  • Lot Dimensions are 60x140
  • Level Lot

Home Design

  • Composition Roof
  • Aluminum Siding

Parking

  • 4 Parking Spaces
  • Gravel Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Additional Features

  • Partial Basement
  • Mineral Rights Excluded

Community Details

  • 3 Units

Listing and Financial Details

  • The owner pays for electricity, water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,284

Year Built

Built in 1878

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1878
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 111.11
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 60x140
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Driveway:Gravel: Yes
  • Mineral Rights:No: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Basement: Yes

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 190000.0
  • Lot Features: Level, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Dimensions: 60x140
  • Lot Size Sq Ft: 8400.0

Rental Info

  • Owner Pays: Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2284.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2024
Closed on
Jun 11, 2024
Sold by
Dray Glenna M
Bought by
Bowen Richard
Seller's Agent
Kevin Leavitt
CENTURY 21 Bayshore
Buyer's Agent
Kurt Dawdy
Five Star Real Estate - Onekama
List Price
$190,000
Sold Price
$189,000
Premium/Discount to List
-$1,000
-0.53%
Views
95
Current Estimated Value
$223,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,218
Avg. Annual Appreciation
10.89%
Original Mortgage
$185,576
Outstanding Balance
$180,149
Interest Rate
7.22%
Mortgage Type
FHA
Estimated Equity
$43,069

Purchase Details

Closed on
Aug 6, 2002
Sold by
Bennett Carol D
Bought by
Dray Glenna M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bowen Richard $189,000 Talon Group Title & Escrow
Dray Glenna M $78,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowen Richard $185,576
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2024 06/12/24 Sold $189,000 -0.5% --
03/14/2024 03/14/24 For Sale $190,000 0.0% --
02/11/2024 02/11/24 Off Market $190,000 -- --
12/18/2023 12/18/23 For Sale $190,000 -- --
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 $2,397 $90,600 $90,600 $0
2024 -- $81,500 $81,500 $0
2023 -- $67,600 $67,600 $0
2022 -- $58,100 $0 $0
2021 $2,439 $55,100 $0 $0
2020 $2,439 $47,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kevin Leavitt

    Seller's Agent in 2024

    Kevin Leavitt

    CENTURY 21 Bayshore

    (231) 845-7277

    20 in this area

    50 Total Sales

    Kevin Leavitt
    Section Image

  • K

    Buyer's Agent in 2024

    Kurt Dawdy

    Five Star Real Estate - Onekama

    (231) 510-4366

    6 in this area

    79 Total Sales

    Kurt Dawdy
    Section Image
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Map

Source: MichRIC

MLS Number: 23145191

MichRIC

APN: 051-335-017-00

Michigan Mason County Ludington 49431

605 E Melendy St, Ludington, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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