Seller's Agent in 2023
Don Schinella
SELECT REALTY
(906) 362-9273
25 in this area
153 Total Sales
607 Lake St Negaunee, MI 49866
Estimated Value: $191,000 - $273,000
9
Beds
6
Baths
3,794
Sq Ft
$63/Sq Ft
Est. Value
Highlights
- Deck
- 2-Story Property
- Porch
- Lakeview Elementary School Rated A-
- 2 Car Detached Garage
- Patio
About This Home
As of March 2023This property has a total of 4 units: 3 units in one building and a ranch home, situated on two lots in the City of Negaunee. What a great investment opportunity, even if you prefer to live in the house and rent out the other three units in the unconnected building. The entire complex equals 3,794 sq. ft. of living area. Apartment #1 at 609 Lake St. has 1,410 sq. ft., five bedrooms, three baths for $750.00 per month. Apartment #2 607 Lake St. has 868 sq. ft., two bedrooms, two baths for $750.00 per month and then basement apartment on 607 has 340 sq. ft., efficiency with bath for $750.00 per month. Then you have the two bedroom, one bath ranch home with 1,176 sq. ft. of living space with a 20x30 drive under garage renting at $950.00 per month. All rents combined equals $3,200.00 per month and apartment #1 has been discounted for a family member. Previous rental income ranged from $3900.00 to $4200.00. Great location and within walking distance to downtown, schools and recreational facilities. Pre-approved buyers only, please.
Last Agent to Sell the Property
SELECT REALTY License #UPAR-6502349729 Listed on: 08/22/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1880
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 100x108
Parking
- 2 Car Detached Garage
Home Design
- Duplex
- 2-Story Property
- Vinyl Siding
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Full Bathrooms
Outdoor Features
- Deck
- Patio
- Porch
Additional Features
- Basement Fills Entire Space Under The House
- Forced Air Heating System
Community Details
- 4 Units
- C C Iron Co 1St Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 53-090-060-00, 53-090-059-00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 22, 2022
Closed on
Mar 17, 2023
Sold by
Junak Daniel C
Bought by
Akker Frederick
Seller's Agent
Don Schinella
SELECT REALTY
Buyer's Agent
Don Schinella
SELECT REALTY
List Price
$248,000
Sold Price
$180,000
Premium/Discount to List
-$68,000
-27.42%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,152
Avg. Annual Appreciation
12.38%
Purchase Details
Closed on
Jun 2, 2000
Bought by
Junak Dan and Junak Thu
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Akker Frederick | $180,000 | -- | |
| Junak Dan | $46,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/17/2023 03/17/23 | Sold | $180,000 | -8.2% | $47 / Sq Ft |
| 01/25/2023 01/25/23 | Price Changed | $196,000 | -14.8% | $52 / Sq Ft |
| 09/25/2022 09/25/22 | Price Changed | $230,000 | -7.3% | $61 / Sq Ft |
| 08/22/2022 08/22/22 | For Sale | $248,000 | -- | $65 / Sq Ft |
Source: Upper Peninsula Association of REALTORS®
Tax History Compared to Growth
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 | $30 | $92,150 | $0 | $0 |
| 2024 | $30 | $80,000 | $0 | $0 |
| 2023 | $1,354 | $77,300 | $0 | $0 |
| 2022 | $2,053 | $65,550 | $0 | $0 |
| 2021 | $1,992 | $69,850 | $0 | $0 |
| 2020 | $1,946 | $65,550 | $0 | $0 |
| 2019 | $1,910 | $64,950 | $0 | $0 |
| 2018 | $1,878 | $61,600 | $0 | $0 |
| 2017 | $1,847 | $62,150 | $0 | $0 |
| 2016 | $1,821 | $59,550 | $0 | $0 |
| 2015 | -- | $59,550 | $0 | $0 |
| 2014 | -- | $56,000 | $0 | $0 |
| 2012 | -- | $53,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Upper Peninsula Association of REALTORS®
MLS Number: 50087632
APN: 52-53-090-060-00
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