NOT LISTED FOR SALE

Estimated Value: $475,442

Studio
1 Bath
9,594 Sq Ft
$50/Sq Ft Est. Value

Sale Details

Date Sold: May 18, 2018

Last sale price $294,500 $31 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $3,085 / mo

8 Days on Market

Highlights

  • 1.9 Acre Lot
  • Laundry Facilities
  • Heating Available
  • Shed

About This Home

As of May 2018

Great investment opportunity! This is a 12 unit apartment complex with 100% occupancy and great tenant history. Main level has four 2 bedroom units, upper level has four 2 bedroom units and the lower level has three 2 bedroom units including a single 1 bedroom unit. Coin-op laundry is also in the lower level. Seller pays utilities for all common areas and water & sewer for whole building. Tenants pay electric and Charter cable. All units are electric heat. All appliances are included. Plenty of parking for two cars per unit.

Last Agent to Sell the Property

Fran Sevegney

RE/MAX 1ST REALTY License #UPAR-6501343111 Listed on: 04/02/2018

RE/MAX 1ST REALTY

Last Buyer's Agent

Kristine Goupille

RE/MAX 1ST REALTY License #UPAR

RE/MAX 1ST REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 1.9 Acre Lot
  • Lot Dimensions are 300x275

Home Design

  • Vinyl Siding

Additional Features

  • Basement Fills Entire Space Under The House
  • Shed
  • Heating Available

Community Details

  • 12 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 52-51-555-010-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

1.9 Acres

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: More Than 2 Stories
  • Sub Structure Types: Shed
  • Total Tax Year: 2018
  • Year Built: 1977
  • Mail City: Ishpeming
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: Full

Exterior Features

  • Construction: Vinyl Siding
  • Roads: City/County

Utilities

  • Water: Public Water
  • Fuel Type: Electric
  • Heating System: Electric Heat
  • Sewer/Septic System: Public Sanitary

Condo/Co-op/Association

  • Community Amenities: Laundry Facility

Lot Info

  • Assessor Parcel Number: 52-51-555-010-00
  • Lot Dimensions: 300x275
  • Acreage: 1.9
  • Geo Subdivision: MI

Multi Family

  • Total Units: 12

Tax Info

  • Total Tax: Year: 2018

MLS Schools

  • School District: Ishpeming Public School District

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2021
Sold by
Bought by
Current Estimated Value
$475,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 2, 2018
Closed on
May 18, 2018
Sold by
Bought by
Seller's Agent
Fran Sevegney
RE/MAX 1ST REALTY
Buyer's Agent
Kristine Goupille
RE/MAX 1ST REALTY
List Price
$329,000
Sold Price
$294,500
Premium/Discount to List
-$34,500
-10.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.92%

Purchase Details

Closed on
Nov 11, 1992
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,750,000 Odea Nordeen And Pickens Pc
$589,000 --
$24,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $250,000
Closed $750,000
Open $1,264,000
Closed $1,061,375
Closed $400,000
Closed $767,000
Closed $1,400,000
Previous Owner $502,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/18/2018 05/18/18 Sold $294,500 -10.5% $31 / Sq Ft
04/10/2018 04/10/18 Pending -- -- --
04/02/2018 04/02/18 For Sale $329,000 -- $34 / Sq Ft
Source: Upper Peninsula Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $18,393 $337,550 $0 $0
2025 $11,822 $295,500 $0 $0
2024 $115 $302,600 $0 $0
2023 $2,637 $276,200 $0 $0
2022 $16,031 $188,200 $0 $0
2021 $12,278 $247,600 $0 $0
2020 $12,045 $188,200 $0 $0
2019 $11,868 $185,150 $0 $0
2018 $8,776 $147,700 $0 $0
2017 $8,553 $145,300 $0 $0
2016 $8,329 $145,250 $0 $0
2015 -- $145,250 $0 $0
2014 -- $133,350 $0 $0
2012 -- $129,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10071877

Upper Peninsula Association of REALTORS®

APN: 52-51-555-010-00

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